Incorporate your business - get all of the paperwork drawn up and filed inexpensively and with great customer service
Get 150K+ in cash business lines of credit at LOW rates using a personal guarantee
Your business needs either your OR "someone" to personally guarantee these Business Lines of Credit. We include a "credit partner recruitment kit"
You can get approved for theses Lines of Credit QUICKLY!! Usually your first 50K is approved within four weeks.
This is a completely DIFFERENT program than the Business Credit Extreme Makeover Program. This program is for people who ARE willing to personally guarantee their initial business credit OR who can recruit a credit partner who will do the personal guaranteeing.
These are called micro loans. These loans did not exist in their present form three years ago. It used to be that you would have to give a bank or a business lender your full business plan, financial statements, balance sheet, tax returns, and bank statements to apply, and if everything didn't look great, you could forget about getting funded.
You may have heard about the mortgage market meltdown that started in December 2006, and continues to intensify through to today. The no document and stated income mortgages that started being written in HUGE volumes about five years ago are finally now showing some performance problems, and so they are having trouble being sold on Wall Street.
Banks and Lenders are not going to sit around and NOT lend money. They have to "feed the machine" or they literally go out of business. So what have banks and lenders done? They have started offering a whole new product line of easy to qualify for ONE PAGE APPLICATION, no-doc and stated income products for business owners. These products don't yet have a bad name on Wall Street, and so the lenders are giving them out with ease.
So the right questions to be asking are: Who do you go to for these loans? What are the basic qualifying criteria? We show you right in the program who to go to.We even give you copies of the loan applications right online.
The two most important things we do for you is: #1: Explain the HOT SPOTS - the things that they look for that will get you declined and #2: Explain the underwriting criteria so that you know what kind of answers on the application equal what kind of approval.
This #1 and #2 above that we cover in detail for each lender isn't something that they tell you, nor do they print it on the front of the application. We have gained this knowledge through hard won experience helping a volume of clients get approved and seeing what's gone wrong and why. You CAN side step most application disasters before they occur. The value we're bringing you here is that once you are declined, you can't change your answers and go back. There are three or four main lenders doing this, and you only get one shot with each of them..
How do I recruit someone to be a credit partner?
Good question. We've seen the most success when potential credit partners are given complete written information that addresses their most common fears and concerns. We have developed a "case study packet" that displays copies of actual applications, with the actual agreements highlighted - it even shows an example of a credit line obtained, and shows a business credit report showing the line of credit reporting under the company's tax ID number, and also shows a copy of the personal credit report that was run on the personal guarantor months later showing that the loan does not show up there. Most importantly the packet also includes a complete summary explaining how this works and how common it is. We have found that your chances of success skyrocket if you have this packet, along with the legal agreements that you sign which protect the credit partner and limit their liability regarding company affairs. We've found that the more professional, legal and "together" you are when you present the idea to your prospective credit partner, the more likely you are to get a "yes".
Do these lines of credit show up on the credit partner's credit report, or affect their debt ratio when they apply for loans?
No. They don't affect the financial life of the person who signs at all - it's like nothing ever happened - unless the business stops making the payments.
There are companies who offer to fill these applications out for you, and they charge anywhere from 3% to 9% of the amount of money that you get approved for.
These applications are LITERALLY one page applications that contain the same type of questions you'd see on a one page credit card application. Next to no documentation is required for them.
Can you imagine being in a business where you fill out a one page application for someone, and then if and when they get approved for 50K, they owe you between 1,500 and 4,500?
That is literally what is going on out there.
This program is the "do it yourself" version. I give you applications, written easy to follow step by step instructions, giving you the inside info on the guidelines for approval, etc. YOU fill out the applications, and save yourself a boatload of money.
Now, IF you would rather pay someone to walk you through it and save you the hassle of filling out the applications (and there are people that simply need and want this), I could recommend companies that I have seen that do a very good job. This type of service is just not something that WE deliver.
The program covers in detail:
Banks who are offering zero percent interest business financing for six months or for twelve months
The Banks that are the most aggressive in offering MICRO Loans
WHICH banks verify the income you state and which one's don't
The actual applications are available right on our site
In order to qualify for the micro loans, someone will need to sign the application as personal guarantor. This person will need to have excellent credit. The ideal credit partner is someone with a 700+ Experian FICO score, with no negative credit such as collections, judgments, late payments, or a previous bankruptcy. This person should also not be "maxed out" on their credit cards.
If you DO HAVE this kind of credit, you are literally weeks away from being able to get up to 150K in unsecured business credit.
If you DON'T have this kind of credit personally, our MICRO LOANS APPROVAL PROGRAM offers you the following resources:
Credit partner presentation kit for you to use to recruit a credit partner
Contracts you can use to bring the credit partner into your business.
Contracts that limit partner's liability, and establishing what they get.
If you are absolutely sure that you are unable or unwilling to recruit a credit partner, AND you are certain that your own credit cannot be repaired with credit repair, then the MICRO LOAN APPROVAL PROGRAM will not be of much use to you at this time, and you are going to want to stick with the Business Credit Extreme Makeover Program, which puts you on the fast track to obtaining corporate credit WITHOUT using personal guarantees.
The MICRO LOAN APPROVAL PROGRAM is a free bonus given to you when you sign up for the Business Credit Extreme Makeover Program
$48k Business Line of Credit, $18k
LOC, Dell Computers $10k, Office Depot $4k, Staples $5k, Target $3k, Home Depot
$4k, $220K business credit lines, Mastercard $3k, Kinkos $450, Visa Business $9k,
Wal-Mart $2k, Business MC
$7.5k, Lowe's $2k, Union 76 $1k, Shell $500, Business MC $3k, Business MC $7.5k, , $15K Business LOC, $8.5k micro loan, $50 Business Loan, 5K Business Loan, more from both Extreme Makeover and Micro Loans...
