NEW ARTICLE:

I had the pleasure of speaking with Tom Stein of AllBusiness.com a while back about the difficulties many business owners are having with maintaining a high credit score with business credit rating agencies.

Tom does a great job of painting the all-too-common picture of what many business owners have been experiencing lately in terms of obtaining credit for their business over the last couple years.

And, I had the opportunity to share some tips that have helped others wishing to increase their business credit scores as well.

It’s good stuff.  Be sure to check it out.

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4 Easy Steps to Get Loans for Small Business Owners

In today’s video I’m going to give you 4 easy steps that anyone can use to get a lot of money to start or grow their business. So, let’s get right to it.

Without question, your business needs money to survive.  It needs money to grow.

And, it doesn’t matter how great your product is.  It doesn’t matter how great you perform your service.  And, ultimately, it doesn’t even matter how big your dream is to launch, grow and live the life you’ve envisioned by attaining business success.

Because, right now, today… all of that is nothing more than unrealized potential.

You see, without sufficient cash on hand, no business can meet payroll or acquire needed equipment and inventory. A cash-strapped company can’t invest in its future. It can’t grow. And a company that can’t grow can’t survive.

In fact…

The lack of money is the #1 cause of business failure for new business owners.

And, for the average Joe, guys like you and me that may not have a huge inheritance sitting in the bank, or a sizable life savings, or valuables to be used as collateral, it’s not unusual to feel like the deck is stacked against you.

But, what I want to tell you about is a system that I’ve put together that’s allowed me gain an almost “unfair” advantage over all the other applicants that are applying for business financing.  And, not only myself, but anyone that put’s this easy system to work for them can gain this same unfair advantage…

And, then use that advantage to get approved for a lot of unsecured business financing to grow your business.

And, by the way, it’s not complicated by any means, if fact, there’s really only 4 steps to implementing this system in your business.  So, trust me, you can do this.  It’s just a matter of following the steps…

Here’s what it’s all about: it all comes down to your business image.  To be more exact, it comes down to the image your business portrays to an automated system…

Basically, if a lender’s system likes you, you’ll never have a need to risk your life savings or valuables again to grow your business.

So, how do you do this?

Like I said before, there are only 4 steps to the system…

The first step is what I call:

Assess Your Situation

Here’s what I mean by that—In order for you to go forward, meaning to get a lot of money for your business, you’ve got to know where you stand today! You’ve got to know where you measure up in the eyes of that automated system I was telling you about. You need to know from what angle you look great, and you also need to exactly what a lender’s system wouldn’t like about you or your business before taking another step!

The second step is what I call:

Establish A Firm Foundation

In step 2 you need to build on step one and build your foundation, and by foundation I’m talking about your business entity.  Once again, this is all about image, and there are a number of choices that you should make in terms of your chosen entity.  After all, you are running a business, so you need to look like a business.  Having the right entity can do a lot for you.

Now, we move on to step 3.  Step 3 is called:

Build the Framework

And, here’s what I mean, in order to get lenders to approve you for large amounts of business credit, you need to have the third-party verification company’s singing your praises.  You need to take the entity that we built on in step 2 and build a framework around it so that it can stand on its own two feet, so to speak.

Once this is complete, only now do we move to step 4, which is what I call:

Seal the Deal

Once all of our I’s are dotted and t’s are crossed we now move on to the portion of the process that most people START at!  It is in this step that we go to the actual lenders that we are going to be getting our funding from.

You see, by going through this 4-step process, your business will look like a rock-star in the eyes of a lenders automated system…

This is all about preparation.  And, it’s also why you will have an unfair advantage over all of the other applicants that are applying for business funding.

So, there you have it: those that are receiving large amounts of money for their business are implementing this easy 4-step plan of action that positions their business in the best light possible.

And, by doing so, virtually assuring them of receiving the money they need while so many others are being denied the opportunity to be a success.

I hope these 4 steps can be a help to your business.

And, as always, let me know what you think by commenting below. I’d love to hear your thoughts…

If you’d like to get all of my business credit secrets and all of the details on how to implement the exact 4-step business funding system we used with our clients handed to you in a complete system, check out my new book, The Finance Formula.

Get The Finance Formula |  Business Credit Insider Blog |  The Business Credit Minute

I read a very interesting article today and I wanted to share it with you guys.

The article has to do with Inc. Magazine and a little experiment they’re having over the next month.

In an effort to gain a definitive viewpoint on the commonly debated subject of centralized office space versus the new-age virtual office space solution, they have decided to NOT use their office space (which is quite beautiful, by the way) and work “virtually” for the next month.

Check the article out here.

The question at hand has to do with the synergistic effect of collaborating with other co-workers, being in a “work” environment and, ultimately, being more productive as a team.  What Inc. wants to find out is, by working in a virtual element, will their team increase, decrease or maintain the status quo?

That’s the almighty question.

Because if 30 days from now Inc. Magazine does, in fact, have their most productive, stress-free and profitable month in recent history, my guess is that there may be an office space coming up for lease in the near future.

Along with an immediate sizable increase to their bottom line, to boot.

Personally, I think this is a great subject to gain more perspective on.

But, as small business owners looking to obtain business credit, the decision may not be so easy. Because an entirely different set of criteria comes in to play in terms of choosing to go virtual and go without a commercial office space.

Here’s the thing: when looking to obtain business credit, your business image is crucial!

The image you portray to a lender and their automated system can be the difference between approval and denial.

In fact, during the automated underwriting process, many lenders will verify if your stated business address is zoned commercial or residential when reviewing your application for funding. And, while there is absolutely nothing wrong with operating your business out of your home, many lenders prefer to only work with businesses that have a physical office space that is outside of their home.

And, the name of the game is to make the lenders happy.  (Additionally, there are many ways to achieve this without the expense of actually leasing an office space).

But, generally speaking, is a virtual office space the way of the future? Who knows?

In my experience, I feel that a certain element of creativity and team synergy can only be had by working together face-to-face in a centralized environment. But, with technology moving very quickly who’s to say that the virtual route would be too far from actual “face-to-face”!

So, is the virtual workspace idea one of those ideas that looks great on paper, but in actuality… not so much? I don’t know. But, I do think time will tell.

In a business climate of cutting costs with a machete, I think we will see many more companies testing the virtual waters out over the coming months and years.

Let me know what you think. I’d love to hear your thoughts…

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The Business Credit Minute: How to build business credit, Part 1

Welcome to The Business Credit Minute!

I’ve got a lot of great stuff in the works for you that you are NOT going to miss!

Over the coming weeks I’m going to be putting out a ton of free videos that will reveal many of our secrets to building business credit in the fastest and easiest way possible.

In fact, I think you’ll be shocked at just how simple some of these strategies will be to implement in your business.

Because, ultimately, it doesn’t matter what business you’re in, the key to success is having the ability to take advantage of opportunities at a moment’s notice and then scale that small spark of success as fast and most efficiently as possible.

And, to do that, you’re going to need to have access to money.  It doesn’t matter if you want to call it capital, funding or business credit, it really doesn’t matter…

It all comes down to having the money on hand to grow your business to the level of success you always envisioned.

And, THAT, is what I hope you’ll get out of The Business Credit Minute videos.

I hope you’ll stick around for all of the videos, because I know you’re going to love it.

So, go ahead and bookmark out site, BusinessCreditInsider.com, at your favorite bookmark sites and share it with your friends on Facebook or Twitter.  I’d certainly appreciate it.  And, your friends will thank you for it as well!

Oh, and be sure to comment below to let me know of any specific questions you may have or just to let me know how I’m doing.

And, if you’d like more information on my proprietary business funding system, be sure to check out The Finance Formula.

Get The Finance Formula |  Business Credit Insider Blog |  The Business Credit Minute

Welcome to BusinessCreditInsider.com, your one-stop destination for all of the most inside business credit tips, tricks and secret strategies that have been proven to work with thousands of savvy, new business owners to launch and grow their business to huge successes!

Over the coming days, weeks and months I’ll be posting a TON of my best business credit strategies that I’ve learned through formerly serving as president of a business finance consulting firm over the last several years.  During that time my team and I consulted with over a thousand small business owners and helped them receive millions in business capital by applying some simple steps that most business owners never even consider before attempting to get credit.

And, while I’ve both learned and shared some incredibly valuable “tricks of the trade” while working with these clients, I always felt that the information I was learning could be much better served if I had an outlet to get this information out in a more economical and less cost-prohibitive manner.

My hope is that BusinessCreditInsider.com can be your resource for free videos, articles and everything you need to get your business off the ground and growing by taking advantage of the funding that is readily available to you.

Be sure to bookmark the site and keep checking back for new videos and posts so you don’t get too far behind.

As they say, “hold on tight and just follow my lead!”  It’s going to be a fast and furious ride!

John W. Collins

The Insider

P.S.  If you’d like to get all of my business credit secrets and the exact 4-step business funding system we used with our clients handed to you in a complete system, check out my new book, The Finance Formula.

Get The Finance Formula |  Business Credit Insider Blog |  The Business Credit Minute