Happy to be here looking to learn more about funding

I see a lot of people interchanging the terms business credit and corporate credit as if they meant the same thing. They do not. Business credit and corporate credit are two different types of commercial credit lines. Business credit is a form of credit that uses your personal credit file but issues the credit lines to your business. These are considered recourse credit lines which require your personal guarantee. Lenders use your personal credit file to determine the size of your credit line, interest rates, and terms but issued in your business name and attached to your business tax ID number (EIN#). They do not show up on your personal credit reports and only report to the business credit bureaus. When you use these credit lines they do not hurt or affect your personal credit. They are business credit lines. Corporate credit is also issued in your business name and attached to your business tax ID number (EIN#). But your personal credit is not reviewed or considered when determining the size of your credit line, interest rates, and terms. They are determined solely by your business information and standing. They are considered non-recourse credit lines and require no personal guarantees. They also do not show up on your personal credit and only report to the business credit bureaus. When you use these credit lines they do not hurt or effect your personal credit. They do however affect your business credit. When using corporate credit lines, you are building credit histories and business credit scores with Dun & Bradstreet, Experian business bureau, and Equifax business bureau. Vendor credit lines, both Net 30 and revolving credit lines, are generating the business information establishing your business credit file and business credit scores from vendors that report positive payment history. Once your business has been around for a few years, and you have developed strong business credit scores, and you are showing growing revenue, you can start getting many non-personal guaranteed corporate credit lines. You can start obtaining business equipment, business vehicles, and even real estate using corporate credit.

Complete this step before continuing to #Step 4 - REVIEW YOUR FILE 🚨 ATTENTION ALL MEMBERS 🚨 It’s crucial to understand where you are in your credit journey! Comment below to let us know the condition of your credit so that my team and I can provide personalized advice to help you ELEVATE 📈. You’ll also receive valuable insights from the community. ⬇️ COPY / PASTE / ANSWER ⬇️ Type of Accounts: 🔵 What’s your credit score? 🔵 How many negative accounts? 🔵 How many positive accounts? 🔵 How many inquiries? Positive Account Questions: 🔵 How many credit cards? 🔵 Highest credit card limit? 🔵 Oldest open credit card? 🔵 What is your average credit card utilization? 🔵 Highest loan (Mortgage, Car, Personal Loan, Etc) amount? Business Questions: 🔵 Do you have a business? 🔵 How would the info help in this community help you grow your business or improve your life? Please COPY, PASTE, AND ANSWER the questions in the order given below ⬇️⬇️⬇️⬇️ LETS BUILD.

Applying over and over without fixing your profile is like knocking on doors that are already locked. Real ones don’t spam applications. They position themselves to be pre-approved. 💡 Strategy > effort 💡 Structure > luck 💡 Profile > persuasion “What’s your current strategy right now?”