Mega Loan Funding
A
world of commercial lending opportunities.
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Mega Loan Funding
A
world of commercial lending opportunities.
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Business Credit Profile Establishment Service. Improve your and your business's ability to attract unsecured business financing as well as unsecured financing with no personal guarantees, by establishing a proper business credit profile. Businesses that establish a proper business credit profile as well as developing high business credit scores with the various business credit reporting bureaus, will always be more successful when applying for finance than those that rely only on the strength of the personal FICO score of the owners. Also, only businesses that have established a solid business credit profile and scores can succeed in obtaining financing with out any personal guarantees from the business owners. For businesses that want to take this step up in the development of their lending capabilities, with a view to qualifying for larger unsecured business lines of credit, we provide the following Credit Profile Establishment Consulting Service package;
Frequently asked questions and answers for the Business Credit Profile Establishment Service: What is the difference between my personal credit report and my business credit report? Personal credit reports and scores are developed from a very complex formula that takes into account factors such as payment history, amount of available credit, years of credit history, making payments on time, types of credit, the number of inquiries, etc. For a business credit report, the one determining factor for a good report and high score is how the business pays it’s bills. If it pays on time or early, it gets a great report and achieves a high credit score. If it pays late, it’s score is lowered and it gets a poor credit report. Unlike with your personal credit report, It doesn’t matter how much credit you have with your business, in fact in most cases the more credit your business has, the better. Why should I establish business credit instead of using my personal credit? By continuing to use only your personal credit for business activities you are;
Increasing the interest rate that credit card companies and other lending institution's charge you Limiting your access to the largest source of credit available. Businesses want to see that other businesses have taken a risk by issuing credit to your business. You can achieve this by establishing and building your business credit profile. What is a business credit profile? A business credit profile is a snapshot of how well established a business is as well as its credit worthiness and its ability to service debt that a lender looks at when a business applies for credit. How long does it take to complete the Business Credit Profile Establishment service? Provided
that there are no existing credit issues that have to be rectified before
starting, our Business Credit Profile
Establishment Service
package can be put together in
3-6 months.
What is
the cost of the Business Credit Profile Establishment service? Are there there any upfront fees payable for the Business Credit Profile Establishment service? No upfront fees are charged to start and provide the service. We only charge success fees if and when we are able to assist you in obtaining financing for your business. What if I have personal credit problems? Will my business still be able to establish a business credit profile? Yes, we have many plans and strategies to deal with most existing credit obstacles to developing a good business credit profile. Alternatively you may consider our Our complete Personal Credit Profile Building program and our solutions for credit challenged applicants . Can this work for a start-up business? Yes, and this is the best and fastest way to get your new business to qualify for unsecured business lines of credit. For instance, when your business is one year old and your business has established a proper business credit profile, it will have a much greater chance of being successful when applying for credit than if it has no credit profile established. (Businesses that have been established for less than two years and have no business credit profile established are usually disqualified even if the guarantor has a high personal FICO.) How do I get started? Request a Business Credit Profile Builder Service contract by emailing Consulting@MegaLoanFunding.com .
Set up an appointment to discuss your loan requirements See our complete loan process. Our phone number is 1-800-879-0284 Our Email address is Originator@MegaLoanFunding.com Introduce your self and receive updates on this site.
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Loan Products.
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