Month: November 2019

Recently funded… $13,400.00 in Accounts Receivable financing!

Our client received $13,405.75 in Accounts Receivable financing.  Through this stepping stone in financing, the client was encouraged to see how his company would be able to move forward in success.

This opportunity allowed our client to accomplish company goals.

Click Here to see how much funding you can get for your business.

The post Recently funded… $13,400.00 in Accounts Receivable financing! appeared first on ROI Credit Builders.

Our Shifting Views Of Older Women Throughout American History

In her new book, New York Times op-ed columnist Gail Collins goes back centuries to find out how and why our views of older women have changed.

The post Our Shifting Views Of Older Women Throughout American History appeared first on Buy It At A Bargain – Deals And Reviews.

Taplytics (YC W14) is hiring Node engineers to build our experiment platform

Article URL: https://taplytics.com/careers/

Comments URL: https://news.ycombinator.com/item?id=21412576

Points: 1

# Comments: 0

Dex (YC S19) is hiring founding engineers to build delightful personal CRM

Article URL: https://angel.co/company/dex-8/jobs/635625-founding-engineer

Comments URL: https://news.ycombinator.com/item?id=21414738

Points: 1

# Comments: 0

Advanta Business Credit Card

Advanta Business Credit Card

In the affordable service charge card market, some banks have actually decided to end up being particular niche gamers. This choice to specialize is largely driven by the demand to get market share.

Among these specific niche gamers is the Advanta Bank Corporation. Advanta is proclaimed to be amongst the biggest companies of company bank card for the local business market. That is rather perhaps an exact monitoring considering that Advanta is recognized to have actually concentrated specifically on the local business market, and also its company charge card just shows this concentrate on the demands of local business.

You are plainly advised of this when you go to the Advanta internet site to check out their service charge card offerings: there is just one included card, the Advanta MasterCard Platinum Business bank card. This is a cash money back incentives company bank card which uses you 5% price cuts on specific things as well as a 1% basic discount rate, on others.

There is a recurring drive from their side to companion with even more business that offer services and products which develop a component of the regular operating budget of local business, to enhance the allure of their charge card offering.

The Advanta service credit rating card bundles are affordable from a prices factor of sight. The zero-percent initial yearly portion price on equilibrium transfers runs for fifteen (15) months, which is longer than many various other organisation credit score cards.

To include gloss to their small company offering, Advanta organisation charge card disperse the money back perks earlier than several various other organisation charge card. There is an automated money back payment attribute which implies you begin obtaining your money back look for every $50 you have actually built up instantly. This can aid sustain capital to a little step.

There is, if you choose, a chance to transform to take a trip benefits rather. Where numerous various other service charge card will certainly permit complimentary traveling just upon getting to 15,000 or perhaps 25,000 benefits factors, Advanta company bank card enables totally free traveling upon getting to 10,000 incentives factors.

In maintaining with its specific niche method to deal with the demands of the local business charge card market, Advanta– like lots of various other big financial institutions – make a thorough collection of small company sources readily available to their company charge card owners where they can access local business overviews as well as local business devices.

Small company overviews generally provide service bank card owners support in the prep work of service strategies as well as advertising strategies, and also offer details on details monetary items. There are generally pointers on just how to win profitable federal government agreements along with ideas on exactly how to safeguard your individual properties. The last is something most local business proprietors think about crucial.

Local business devices usually offer company bank card owners with simple design templates of different main federal government types (for tax obligation functions or for federal government agreements), examples of company files such as organisation letters, agreements, types, generalised declarations of plans, along with monetary spread sheets to aid them handle their financial resources.

Advanta is proclaimed to be amongst the biggest companies of company credit report cards for the tiny company market. That is fairly potentially an exact monitoring given that Advanta is recognized to have actually concentrated specifically on the tiny organisation market, as well as its service credit report cards merely mirrors this emphasis on the demands of little organisations.

To include gloss to their little company offering, Advanta organisation credit scores cards disperse the cash money back rewards earlier than several various other organisation debt cards. Little service overviews commonly supply organisation credit report card owners aid in the prep work of organisation strategies as well as advertising and marketing strategies, as well as supply info on certain monetary items.

Haunted by Bad Personal Credit? You Can Get Business Credit with Bad Personal Credit

Bad personal credit doesn’t have to keep you from successfully starting and running a business.  Your business can build its own credit, known as business credit. You can get business credit with bad personal credit. There is a very specific process you have to follow however.  It isn’t hard, but it doesn’t happen on its own, either. You have to be intentional. We’ll show you how.

4 Rules for Surviving Business Credit with Bad Personal Credit: Don’t Let Bad Personal Credit Scare You Out of Business

You know that feeling you get when you are watching a spooky movie?  Even if everyone on the screen looks happy, you know that something bad is lurking just around the corner.  Trying to run a business with bad personal credit can feel the same way. Even if things are going well, you know that eventually you may need to borrow money. You also know that your bad personal credit score is going to choose that exact moment to jump out at you.  Just like that, the good times could be over. 

It doesn’t have to be a blood bath though.  There can be a happy ending. We are going to show you how to survive to the end, just like those characters that are still alive at the end of the movie.  It’s called business credit, and you can build business credit even with bad personal credit. Your past personal financial issues can’t stop you. Whatever point you are at in your business, now is the time to get started.  The enemy is lurking. It’s time to start fighting back.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Light the Fire to Forge Business Credit with Bad Personal Credit

The first that happens in any movie when a weapon is being forged is they light a fire.  Here is how you light the fire of business credit. You have to make your business appear to lenders as a fundable entity separate from yourself.  You want them to see your business on its own merits, separate from your personal credit history. 

Separating your business from yourself if the first essential step in building business credit with bad personal credit. It is easiest to do this when you set up your business initially, but it is never too late.  If you are already operating, do it now. Here’s how you start. 

The Rules of Surviving Business Credit with Bad Personal Credit

According to the popular 90s movie “Scream,” there are rules for surviving to the end of a scary movie.  For example, don’t drink or do drugs, and never say “I’ll be right back.” Those people are the first to die.   When it comes to separating your business from yourself for building business credit, even with bad personal credit, there are rules as well. 

First Rule of Getting Business Credit with Bad Personal Credit: You Have to Incorporate

Formal incorporation is non-negotiable.  If you operate as a sole proprietorship or a partnership, your personal credit will always find you.  It is not possible to have the separation you need to get business credit with bad personal credit without incorporating.  Not only that, but it will also help with liability protection.  

What is negotiable, however, is the form of incorporation you choose.  They all offer differing levels of protection, and the costs associated with each option varies.  For the purposes of building business credit, they all work the same. Choose the option that works best for your needs and budget. Here’s a little about each one.

business credit with bad personal Credit Suite2

Corporation

 This is the most expensive option, but it also offers the most protection from liability. There is a double taxation caveat with this option that is a turn off for most. Owners pay tax at both the business level and the shareholder level. In some cases, this is the best option anyway. 

 S-Corp 

S-Corps are very similar to corporations, but double taxation isn’t an issue. There are also limits on the number of shareholders allowed among other restrictions set forth by the IRS. 

 LLC 

An LLC, or a limited liability corporation, is the least expensive option. It still offers some liability protection, and has fewer restrictions than an S-corp. 

 Each of these options serves the purpose of further separating the business from the owner when you are looking to start a business credit profile. The option you choose should be the one that best suits your needs for tax purposes. 

The Second Rule of Getting Business Credit with Bad Personal Credit: You Must Have Separate Contact Information

Do not let your business share an address or a phone number with you.  Your personal address and telephone number are like a neon sign pointing to your personal credit.  That is exactly what you do not want.  

Even if you run your business out of your own home, it needs its own address.  You can accomplish this by using a virtual office address. Virtual offices operate almost exclusively online.  They offer a physical mailing address and at times, a host of other services such as receptionist options, meeting rooms, and video conferencing. 

You also need a dedicated business phone number.  You can either get a business landline, or there are a number of VoIP options available.  Some will even forward calls to your existing landline or cell phone so you do not even have to get a new phone.

Make sure your business information is listed in the business 411 directory.  You can do that here.

The Third Rule of Getting Business Credit with Bad Personal Credit: Get a Business Bank Account

This accomplishes a number of things.  First, it shows lenders that your business is serious enough to have its own account. Also, many vendors and lenders require a business bank account with a minimum balance before they will approve credit.  Lastly, a separate bank account for your business makes it much easier to keep business expenses separate from personal ones for tax purposes. 

The Fourth Rule of Getting Business Credit with Bad Personal Credit: Website and Email Address

There is so much to this.  First, you have to have both a website and an email address that are dedicated to your business.  If you don’t have an online presence in today’s world, do you even exist? It’s a question to consider.  Don’t let this be a question about your business. A strong online presence is important. 

Your website needs to be user friendly and professional.  If you aren’t someone who does this for a living, it is probably a really good idea to pay someone to design and launch your site.  Pay for hosting with someone like GoDaddy. Do not use a free hosting service. Make sure you get a business email address with the same URL as your website.  A free email service like Yahoo or Gmail will not work well.

 Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

It’s Not Over ‘Till It’s Over: Build Business Credit with Bad Personal Credit

You know that moment when you think the movie is over and everything is going to be okay, and then the  bad guy jumps into the frame and scares you to death. That’s where you are at this point. You can’t walk away and think everything is okay.  Make sure it is really over.  

Separating your business from yourself isn’t the whole game.  This is just how you protect your business. Once you have it separated, you can rest knowing that your business credit will reap the benefits of all your hard work and grow big and strong.  Your personal credit shouldn’t come into the picture much at all. 

However, you still have to do the work to get business credit with bad personal credit.  Even though it’s best to not run up the stairs in a scary movie, you have to climb a different type of staircase to get business credit.  We like to call these tiers instead of stairs. Credit tiers, if you will.  

Once you have your business set up as a separate, fundable entity, you can get accounts reporting to your business credit report. You have to do this without any credit though, because you do not yet have business credit, and your personal credit is bad.  How does that work? 

The Hero that Will Rescue You: The Vendor Credit Tier

The vendor credit tier is how you are going to begin to build business credit without your personal credit coming into play.  This tier is made of starter vendors that will offer net terms on invoices without a credit check. They will look at things like length of time in business, annual income, and the balance in your business bank account instead.

They will also report these payments to the business credit reporting agencies.  Once this happens, your business credit report will be open. Your score will begin to grow.  It takes 10 or more of these types of accounts reporting before your score will be strong enough for the next credit tier. 

The Other Credit Tiers: The Next Steps

After you have an initial credit score from using the vendor credit tier, you can move on to apply for cards in the other tiers. You have to do it in order.  First is the retail credit tier. These are cards that you can only use in the stores that issue them. For example, a Best Buy card can only be used at Best Buy.  An Office Depot card can only be used at Office Depot.

Once you have several of these reporting positive payment history, your score should be strong enough to apply for cards in the fleet credit tier.  These are cards from companies like WEX and Fuelman that you can only use for fuel or auto repair and maintenance. 

After you get enough accounts reporting from the fleet credit tier, it will be time for the top tier.  This is the cash credit tier. Here you find cards that are not limited by location or type of purchase.  You can use them wherever and for whatever. They typically have better rates, higher limits, and sometimes pretty great rewards.  

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Keep an Eye on the Bad Guy

After you do the hard work of getting business credit with bad personal credit, you’ll want to keep your eyes open.  You never know when personal credit or some other bad guy may try to creep in and spoil the happy ending. This is one time when you for sure do not want a sequel.  This is where credit monitoring comes in.

Unlike your personal credit score, you can’t really get a free copy of your business credit report.  You can pay for copies however, and this isn’t a bad idea to do once a year. You want to make sure there are no mistakes, all information is up to date and only business accounts are being reported. 

We can help you monitor your business credit for a fraction of what you would pay the credit reporting agencies.  Go here to get started.

Survive to the End: It is Possible to have Strong Business Credit with Bad Personal Credit

Don’t let bad personal credit haunt your business.  You don’t have to be afraid if you follow the rules, just like in a scary movie.  To separate your business credit from your personal credit, you must: 

  • Incorporate
  • Have separate contact information for your business
  • Get a dedicated business bank account
  • Have a professional website and email address with the same URL as the website

If you do these things, the chances that your personal credit will find your business credit and cause trouble is greatly reduced. Your business can continue to thrive amidst any personal carnage.  Remember however, you must follow the rules. Business credit doesn’t build passively like personal credit does. You have to be intentional and build it on purpose, with purpose. Climb the credit tiers, and once you make it to the top, your business will be able to survive whatever comes its way.

 

The post Haunted by Bad Personal Credit? You Can Get Business Credit with Bad Personal Credit appeared first on Credit Suite.