If you are looking for money for your
business, then you will be happy to know you only need one “C” to qualify.
In lending when we look to see if a
client is fundable we are looking for one of the 4 “C”s. You don’t have to have
all of the 4 Cs, only 1 to secure funding.
The first C is Cash Flow. When you have
an existing business with good cash flow you can qualify for business funding.
If you do have verifiable cash flow this
substantially increases your chances of being approved for funding. There are
many funding programs you might qualify for including Business Revenue Lending.
If you don’t have cash flow your
business still might have Collateral, the second C.
Collateral for your business is really
your business assets. Many things can be used as collateral including
equipment, purchase orders, even account receivables.
Having Collateral greatly increases your
chances of being approved.
If you don’t have cash flow or
collateral, don’t worry you still can qualify for business funding.
Lenders also look at your business
Credit to qualify you. Business Credit is our third C
Lenders will lend you money with no
personal guarantee based on your business credit profile and score. If you have
a good business credit profile you can use that as security to obtain funding.
If you don’t have business credit built
now call me so I can help you quickly build an excellent business credit score
and profile.
Maybe you are just starting a new
business, and you have no business credit, cash flow, or collateral. In this
case you can still qualify for funding. But lenders will use your personal
Credit to qualify you.
Personal Credit is the fourth and final
C that lenders will look at to approve you for funding. You can secure credit
lines, through me, up to $250,000 with as low as a 650 credit score.
These types of unsecured credit lines do
not look at revenue or financials. Your credit is all that is used to qualify
you for funding.
All you need is 1 of the 4 “C”s to
qualify for much of the business financing that is available to you today.
As a
Certified Life Coach and Therapist, Ramona Christine offers professional
services to help you build the required points of credibility for small
business financing and credit. There is
no need to keep your business ideas on hold because of concerns around financing. Financing is accessible and within just a
short period of time.
After
taking advantage of the knowledge shared in this article series, Ramona
Christine, was able to secure funding for her business within 45 days;
literally, a $20,000 revolving line of credit.
That sure did supersede the $3,000.00 personal credit card limits that
she had been working with on the consumer side of things. The relief was tremendous after doing it the
hard way (the wrong way) for so many years.
Funding her own business ventures with personal credit and income made
it that much more difficult to break free from the vicious cycle of personal
credit deficiency, not to mention the risk of “piercing the corporate veil”.
Personal
credit cards were maxed out, consumer credit utilization was high, her personal
credit score was low, and the amount needed to fund business expenses just
wasn’t there. It was a vicious cycle of
chasing balances and cash before finally liberating herself through some
research and implementing the vital information shared in this series of
articles. Gaining access to business
credit and financing was exactly the remedy needed to obtain a second wave of
financial power referred to as Business Credit.
By taking
advantage of Ramona Christine as your Business Credit Coach, she will give you,
yes, give you immediate access to 2/10 of the bank required
points at no additional cost, a valued savings of $750.00. A professional internet presence is a vital
credibility point that gets you that much closer to small business funding.
- First, you will be set up with a professional website domain and professional email account (i.e. www.yourbusinessdomain.com and you@yourbusinessdomain.com)
- Second, you will receive website hosting for your professional website for the duration of your Business Coaching relationship. This means that while important work is being done to meet the other 8 credibility points, your professional reputation is already spanning across the world wide web like wildfire.
If you
are anxious to get started and learn more about business credit and financing,
you are invited to visit: Embrace(D) for Success
(https://www.embracedforsuccess.com) to discover more. You may also learn more about the professional
services provided by Ramona Christine. As always, Ramona Christine, is also quick to
respond to e-mail inquiries received at ready2b@embracedforsuccess.com.
Building
business credit streamlines you into opportunities unimagined. Imagine the growth that is possible with
business funding at your disposal!
