Obtaining Business Credit is the most important part of building your corporation and corporate funding; it is the foundation to obtaining large lines of cash credit in the future. Consider this, once a corporation earns the trust of several of the top fortune 500 firms where the credit is only based on the corporations credit, not on individual personal credit or a personal guarantee (PG), and when this pay history is reported to D&B, EXPERIAN & EQUIFAX, it demonstrates credibility for the corporation in its ability to pay its bills.
Once your credibility is built with the fortune 500 firms, then and only then will banking and lending institutions be willing to extend higher lines of cash credit than one would without solid business credit. There are several things that are needed to obtain these higher lines of cash credit, First, the AGE of your credit report, the credit SCORE, and also, multiple trade-lines reporting pay history about your company.
Banking and lending institutions want to see a minimum of 15 reporting lines, with total credit lines of $70,000 to $150,000 depending on the types of credit line or loan you are seeking to obtain. That is where business credit plays a big role, having credit lines from DELL, APPLE, COSTO, EXXON, SPRINT, LOWES, HOME DEPOT, WAL-MART, SAMS CLUB, STAPLES and the many others. Combined you can see how easy it would be to reach a total of $70,000 to $140,000 in credit lines reporting to your business credit reports.
This is where we step in, our corporations & their credit reports are already AGED, they have the SCORES, and they have multiple trade-lines reporting. This is the foundation that cuts out the hassle of trying to start from scratch, or adding business trade-lines that run the risk of being flagged by the credit agencies. Our corporations are credit ready for the large named businesses mentioned above, which is the foundation to launch your corporation toward that minimum of 15 reporting trade-lines & $70,000-$140,000 worth of business credit and cash lines of credit of $50,000, 100,000, or even $250,000
