How To Build Business Credit Without Personal Guarantee - YouTube

How to build business credit without a personal guarantee?

Business credit is essential for any aspiring

or established entrepreneur no matter where you are

in your entrepreneurship journey, you need business credit. It will unlock

hundreds of thousands of dollars that you can use

for your business which will allow you to be successful. So,

let me tell you exactly how to do it without risking your own credit in the

process. Let's go.

I'm going to share with you an easy step-by-step process for getting this

done that I have students doing every single

day and it still works. You can literally look in the comment box below and see

that this is working for other people. I'm going to give you my biggest secret

for building business credit fast, faster than I did it for sure. And

I'm going to give you a super secret bonus insider tip on how to get

$10,000 in your business's name in the next

30 days. Okay. So, let's talk business credit

versus personal credit. Because this is the first thing that you need to

understand for you to be able to accomplish

any of this. So, business credit is much different from your personal credit. So,

your personal credit many of us are already aware,

we have three different bureaus --Equifax, Transunion,

and Experian. And those 3 credit bureaus will report our personal

credit. So, if we have a car loan, if you have personal credit cards, if you have a

mortgage, student loans, things like that; those

will all report on your personal credit. And we all have a

personal credit score that's really tied to some things that business credit

is not. So, I'll tell you the difference right now. Business credit is completely

separate. You have the same.. Well, you have 2 of the same bureaus

but they're different. So, you have Equifax business,

you have Experian business and you have the big one

--Dun and Bradstreet. Dun and Bradstreet is the major

depository or reporting agency for business credit.

But the thing that is so much different from business credit versus personal

credit is what they are looking for and how

they score you. So, what personal credit as many of you guys know is pretty easy

to mess up your personal credit score. You can get a couple of credit cards, if

you pay them late, you're going to have a low credit score.

Or even if you use those credit cards and your limit and your

your balance is close to your limit, you're going to have a low credit score.

But the great thing with business credit is they look at something different.

They of course know that you're a business, they want you to borrow money,

they usually lend a lot more to you than they do for personal,

one. 2, as you use that debt and you're able to pay that debt,

they reward you much differently than they do on the personal credit side.

You can easily see your credit score go up on the business credit side

really quickly just by paying on time. Even if you're using

most of the credit line that they gave you. Because what they're looking for

on the business credit side is how well you manage your debt.

As a business, they wan to... They want businesses. They know that big businesses

have big debts, okay? If you look at any large corporation, Microsoft, Apple,

whoever you look at; I promise you they have tons of debt.

Millions and billions of dollars, in fact, okay?

But the reason why they can grow their company is because they can leverage

all of that money, all of that capital. And as long as they're able to pay it

back, banks and lenders will continue to lend

them that money so that they can keep growing their business and their

business gets larger and larger and larger.

But the problem is most small business owners see themselves as a small

business and they rely on their personal credit

and they never really tap into this business credit side

which unlocks millions of dollars for your business.

Literally millions. And so, let me tell you how you do that because it is so

easy. And I made the biggest mistake and

waited too long and I don't want you to do that. So, let's get into that part

so let me tell you how I unlocked millions of dollars in business credit

and how you can do the same. So, like I said, my biggest mistake with

business credit is I started way too late, okay? So, I literally

started in real estate investing, I literally was in my parents basement. I

was bankrupt. I had multiple foreclosures on my credit

report, I was married, I was pregnant. I was a

loser, okay? Literally didn't have a college degree. Ended up back in my

parents basement because I was trying to flip houses and i didn't know what i was

doing. And so, when we lost our jobs, we lost

everything. But in that low moment and that

embarrassment and that low time for me, I literally got serious about real

estate investing and I found me a coach that taught me how to do wholesaling. He

taught me how to buy properties with no money and no credit,

okay? So, I'm going to tell you how you put all

this together in just a second. So, that was what my plan was. Because I had bad

credit and I had no money, I could only do wholesaling. I could only

get properties under contract and then flip those contracts to

investors that had money. Because I had bad credit, I couldn't do anything with

the property. But I could make a fee for doing that.

And so, that was an amazing way for me to kind of get on my feet, I started

wholesaling. Getting 5-10 thousand dollars for that.

Then I started fixing and flipping and then I started getting some rental

properties. So, this is how that changed my life. I was able to quit my job.

Literally walked away from a six-figure job

just with my rental properties. Mind you, you have not heard me say one thing

about business credit, right? I did it the hard way. So, let me tell you

the easy way to do it because this came along after I was literally

already full-time entrepreneur, working for myself, teaching people how to do

this. I had a student that came along and he

taught me how i can make more money on my properties instead of doing long-term

rentals, we could do short-term rentals and do Airbnb

and make 2-3 times what I was making on a rental property.

And I did. Literally started making 15 hundred, 2 thousand dollars on

one property where I was just making $300 before.

But I now started to know about business credit. So, when I was going to

turn some of those properties from long-term tenants,

unfurnished apartments and unfurnished houses, I needed to furnish all of those

properties, I needed to put towels and sheets and

forks and knives in the property. But I didn't want to use my own money. The time

I was learning about business credit and I started getting

some business credit cards. I literally was able to buy everything

from my units on business credit. Did not affect my

personal credit at all. I was able to furnish all the

properties by everything that I needed. And before

I even started had to repay any of that money back, I already had my properties

rented and i was already making money. It was like a light bulb went off and

that skyrocketed me from 6 figures into 7 figures. And I'm telling you,

you can skip that part and go right to the seven figures just by

unlocking some of this business credit that I'm going to tell you how to do.

So, let's talk about how you build business credit without a personal

guarantee because this is amazing and this is something that you can do

immediately. Literally i have students that do this in one day.

In order to build business credit, you will need an actual business,

okay? So, you're going to need your business registered either as an LLC

or a C corp or an S corp. You'll get it registered with the secretary of state.

In some states, you can do it in one day and you can do it all online. You're

going to need a professional phone number. You can get one through

grasshopper or freedomvoice. You're going to need a professional

email. Easy to do. You can buy it from godaddy or google

domains or epic.com. You can buy a domain name after you've named your business.

So, one of the things, just giving you a quick example. So, say you have a business

and it is abc properties or abc enterprises. Go ahead

and check and see if that domain name is available. Just google domain names,

godaddy and you can search and see if that domain name is available

and get a website. You'll also need a professional phone number

and a professional address. Those are the simple things that you need. And that is

it. And then once you have those things, you'll go and you'll get an IRS

number. An EIN number directly from irs.gov.

This is completely free, okay? Completely free.

Once you have these things established, you can start building business credit.

And again, I literally have students that do those 5 things in one day. They get

their business registered, professional phone number, professional

email, okay? Get their website in their domain name

and then they get an EIN number. Those 5

things. Done. That's all you need in order to get this

going and start establishing business credit.

Next step. So, next step is the dun and brad street number. This is super easy.

So, like I said, once you have all these things established, you go directly to

dnb.com. Dun and bradstreet. Dnb.com and you can get

your free dnb number for your business for free, okay? This is absolutely free.

You go ahead and apply. There's a quick process where they're

going to mail you a code. You have to go back in there put the code in

and then you're all set up. That is it, okay? So, now you have a profile with Dun

and Bradstreet. I'm going to tell you a couple of things that you buy to get

some trade lines and you are off to the races. Okay, the

next thing so that you can again, get this business credit with no

personal guarantee. There's 3 different accounts that you can go ahead

and purchase things from these companies and they will report to the business

credit bureau. One of those companies is Uline

U-L-I-N-E. Another company is Quill, q-u-i-l-l. And another company is Grainger,

g-r-a-i-n-g-e-r. You have to purchase at least something

for $50. But in many cases, you don't even have to buy it. They will

give you an invoice, okay? They will invoice you

and you don't have to pay the invoice for 30 or 60 days

and this is them loaning you money but you get those products immediately. So,

those are your first ways to get some accounts. But

before you do that, I want to encourage everyone

to get a business checking account, okay? This is like a new super secret thing

that people do not know. So many businesses

forget to get a business checking account. And I'm going to tell you there is

so much opportunity right now. Many of the banks are flooded,

okay? And I mean literally flooded with more money than

they have allocated and given out and loaned to businesses. They have a lot

of money that they need to lend to businesses.

Women-owned businesses, minority-owned businesses,

veteran-owned business, disabled-owned businesses. There's tons of different

categories where they've set this money aside.

And it is some of the most untapped money out there right now. They've

literally i read an article where literally there was over 100

billion dollars of stimulus money, money for businesses

that has just not been used. So, when you go to get your business

checking account, in many cases, they will offer you a business credit card

right there. Remember, they already checked your credit for the business

checking account. So, it's not like another inquiry, okay?

And again, this is in your business's name. So, when you start swiping that card,

your personal credit score is not just going to start going down.

And this was unheard of 5 years ago, okay?

Literally when I started my business, if you went and got a business checking

account, they would never in a million years long given a startup

any business credit card. They just did not do it.

You could only get the secured credit cards. Now, you can even get unsecured

credit cards right when you do it. So, another thing

that you want to do again, with establishing business credit without a

personal guarantee is those secured credit cards. So, yes, you

got the business checking account if they offer you the unsecured credit card

in your business's name, take it. But either way, keep building. Do

the Uline, do the Grainger. Do the Quill because those are vendor accounts and

you want those trade lines to report. Okay? The next thing that you want to do

is apply for some secured business credit cards. And there's tons

of them out there. I'll put a few links below. Actually have a whole link.

I'll give you a pdf with some companies that are doing it right now and you can

just click the link below and you can grab

that tool for you. That's a quick little blueprint that I'll give you that just

has some lenders right now that I know will lend to you without a personal

guarantee if you follow these few steps that I've said.

This is super easy to get going. Once you have those secure

credit lines and you have some of those credit cards, they will immediately

start to offer you probably after about 6 months, they will start to offer you

more and more credit. And you can leverage one credit card to get other

credit cards, okay? Because once you show lenders that you

have business credit already, other lenders will give you more

business credit cards and it will just grow

and grow and grow without you even having to touch your personal credit

or without them ever checking your credit again.

And last but not least, there's 2 more things that i want to tell you that you

can do, of course is a business line of credit.

So, once you have business credit cards they will usually offer you a business

line of credit after 6 months or a year.

If you've paid your your credit card payments on time. Make sure you pay them

on time. Paying your bills on time especially in

your business's name can exponentially increase how much money

they will lend you. Literally you can call those staying credit cards, lines of

credits every 6 months and get those balances

increased. So, long as you've been paying on time,

in many cases they will do it. They want to fund your business and keep your

business growing. And they are not really as concerned as

to if your limit is close to your balance. So, that's

an amazing thing and this is how you unlock hundreds of

thousands of dollars in a matter of months. So, let me give you... Because I

promised you this. And I'm a big person of keeping my promise.

Super secret thing that exists right now that was not out there before

is get yourself a Square business account and get yourself a Paypal

business account. Both of those companies are offering

working capital to startups. Okay? I literally have students that did

this and in 30 days had $10,000, okay? So, you could do it

either with Square or Paypal or 3 months of your business

checking account. You have 3 months of bank statements. I have a

ton of lenders that will lend you at least $10,000

with just those statements. So, please go ahead to noellesfreetraining.com. I have a

free training a full course with a little bit too long to put up here.

But it's a full training absolutely for free on the exact

formula for investing in real estate without losing money,

how to find deals for free. How to do this and really change

your life and your status. Again, absolutely free

at noellesfreetraining.com. This is Noelle. To your success.