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Saturday, March 21 2015

Brand new startup businesses with no financials qualify for credit cards and lines up to $100,000 or more through the business credit and funding suite.

There are NO financials required, the lender won't even look at monthly revenue.

For this program all that is needed is a 660 credit score or higher. Personal credit, and only personal credit is used to qualify unless the business has a well-established business credit profile already.

The lender is looking for really good personal credit on this program so the borrower shouldn't have any derogatory credit on their report.  You can even use someone as a Personal Guarantor who does have good credit if you have credit issues now. 

These are the best accounts in the country for new startup businesses and new franchises as you don't need any financials to qualify.

The credit cards and lines are revolving, and you can use it for any purpose. You will receive a debit card, even a checkbook so you can write from this account.

It only takes 2 weeks or less to close and have the money in your bank account. This is one of several credit line programs available through the TRW Business Funding Program.

If you are a Business Client we can help you obtain money and credit for your business by offering using our TRW Business Funding Program. Let us know how we can help.  

Posted by: Kevin Foster AT 12:58 am   |  Permalink   |  0 Comments  |  Email
Wednesday, March 18 2015

Did You Know that Business Owners can get money for their business quickly by borrowing against future credit card sales through merchant advances and merchant credit lines for their business.

These loans and credit lines use past and current credit card history to determine how much financing you can be approved for.

Money is advanced based on how much the business processes each month in credit card transactions.

Then a small portion of each future credit card sale goes towards paying back the merchant loan or credit line not interfering with cash and check receipts.

There are no fixed repayment amounts or terms which gives you as the business owner  flexibility when having a slow month.

One of the best benefits of merchant financing is that money can be received as soon as 24 hours after approval.

Another great benefit of merchant loans is the business owner doesn't have to have good credit to qualify. These loans leverage positive credit card processing history to get businesses approved, not personal credit scores.

There are some credit score restrictions, but in most cases a business owner can be approved with even below average personal credit scores.

And there is no personal guarantee required and no collateral is needed to qualify.

Merchant loans can be obtained up to $250,000. How much you will be approved for will be determined based on how much you process in credit card transactions each month.

Every business has its strengths and weaknesses.

If the business uses credit cards as a payment source, merchant financing can be the perfect way to obtain a lot of money in a short period of time.

This financing is available for businesses that process as low as $5,000 monthly in credit card transactions. And the higher the credit cards processed the higher amount of financing clients will be approved for.

There are no application fees and no out-of-pocket costs.

And fund scan be used  for almost any purpose including payroll, marketing, increase business inventory, pay taxes, pay rent, advertising, order supplies and equipment, expand their business and open an additional location, or use the funds for working capital.

Merchant Advance Loans are a great source of capital for any business and is one of many funding programs available for you and your clients through the Business Finance Suite.

TRW Credit Services can help obtain money and credit for your with the use of our TRW Business and Financing Suite. 

Posted by: Kevin Foster AT 02:04 pm   |  Permalink   |  0 Comments  |  Email
Wednesday, March 18 2015

When you are building your business, special care should be taken to watch out for the companies and individuals who help you along the way. Relationships with suppliers and vendors should receive special consideration both for the purposes of business operations and for building business credit.

 

Why?

 

Because, by paying early and treating these accounts as important, you will both build a positive relationship with the companies and you will build your business credit profile.

 

One example of how this can help comes from the direct mail industry. A letter mailing company was able to keep their inventory prices down while paper prices industry wide were going up. How? Because they had established a great relationship with their paper suppliers. Their prices eventually went up some, but they did not take nearly the hit that others in their industry took. Believe it or not, this was because of the simple fact that they had built positive relationships with their suppliers.

 

Those good vendor and supplier relationships will help you build business credit, too... and because of this your company could experience the benefit of a little "good faith" effort right now for many, many years to come.

 

When your relationship to vendors and suppliers is healthy, you can enable those companies to grow with yours and make the relationship as beneficial as possible for everyone involved. As you use vendor and supplier credit to build business credit and your business, remember to attend carefully to those accounts and relationships you're building!

We can help you obtain money and credit for your business with our TRW Business Credit and Financing Suite. Let us know how we can help. 

Posted by: Kevin Foster AT 01:02 pm   |  Permalink   |  0 Comments  |  Email
Saturday, March 14 2015

Receivables Financing or "invoice factoring" is a great way for a business to get money. Accounts receivable financing is not a loan; it's an advance against client invoices.

The business sells outstanding invoices to a factoring company who then gives back up to 80% of the invoice value in the form of a loan against those invoices. Receivable Financing is mainly used to generate immediate cash flow for the business selling the accounts receivable.

These are a great funding option as they provide an immediate advance of cash to you leveraging your outstanding invoices, all for less then the cost of processing credit cards. This means as the business grows so does the amount of funding it will qualify for so it can meet increasing demand, and get money with rates as low as 2%.

Most major companies including most major Fortune 500 companies utilize some form of Accounts Receivable Financing.

One of the best benefits of receivable financing is it gives the business an increase in working capital without needing to borrow money or tie up your business or personal assets. This boost to cash flow positively impacts profitability.

The business can receive money quickly, typically within 24 hours from approval. This is much faster than trying to collect on the invoices and wait for that money.

Prior to purchasing invoices, a factor conducts a credit analysis on the client being invoiced to determine their risk or repaying the invoice. The business owner is entitled to the resulting analysis which is a huge benefit as it can assist in future business dealings with that client.

Another big benefit of Receivable Financing is that the business is not obtaining a loan. The cash advanced is based on the client's who owe on the invoice's credit status, not the business being lent the money, making it easier to qualify for.

Even new companies without an established track record, with tax liens, or even declared bankruptcy can still qualify for receivable financing.

This is not considered a loan since the business is literally selling your its receivables. Business can be approved for as much as 25 million dollars in financing.

Accounts Receivable Financing is one of a multitude of programs available to your clients through the Business Finance Suite.

TRW can help business owners obtain money and credit for your business by offering you the TRW Business Finance Suite.

Posted by: Kevin Foster AT 12:47 am   |  Permalink   |  0 Comments  |  Email
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