How To Build A Business Credit Line In 3 Days - YouTube

How to build a business credit line in 3 days?  Yes, you heard that right. Are you ready to  

get hundreds of thousands of dollars of business  funding in your business's name and possibly with  

no personal guarantee? Well, I'm going to show  you exactly how to do it step by step. Let's go.

So, let's first talk about business credit versus  personal credit because this is so important.  

So, many people do not know that there is a  big difference between business credit and  

personal credit. So, let me quickly tell you the  difference is. When it comes to personal credit  

which is what most of us know about, we know that  there are 3 credit bureaus --Transunion, Equifax,  

and Experian. And on those credit reports, what  do they usually report? They put trade lines up  

there of all of the different credit lines that  you have taken out. So, all of your credit cards,  

all of your mortgages, all of your car loans,  all of your student loans. Those will all  

report on your personal credit report as trade  lines. And if you pay those accounts on time,  

if you don't run your credit cards up and things  like that, you will have an excellent fico credit  

score in the personal credit world. As most of  you guys know, you want a credit score over 700,  

that is a good personal credit score. And that  is how most people will be able to use credit and  

access different credit cards, lines of credits,  and things like that in their personal name. So,  

let me tell you about another amazing world  and that is the world of business credit.  

So, when it comes to business credit, they  are looking at something entirely different  

than they are with personal credit. All of your  personal credit cards, all of your auto loans,  

your student loans; none of those things  will report on your business credit report.  

Same like with personal credit. There are still  3 credit bureaus. Instead of Experian, Equifax,  

and Transunion; you have Experian business,  Equifax business and you have a new player  

Dun and Bradstreet. When it comes to business  credit, Dun and Bradstreet is the major business  

credit reporting agency. And just like personal  credit, they will report all of your trade lines,  

different accounts that you have. But now, only  the accounts that are in your business's name.  

So, just like you have personal credit cards  and student loans, you can get all of those  

same things. Well, not student loans. You can  get in your business's name and it will report  

only to the business credit report. And this was  life-changing and mind-blowing for me because  

when I started my business, I did not know about  business credit and I literally tanked my own  

personal credit score investing in my business.  I was buying letters and I was making signs and I  

was doing all of these things. And I was using my  own personal credit cards and my personal credit  

score tanked. Let me tell you what you can do  with business credit because it is amazing.  

So, step one to getting this all done now that  you know and understand the differences between  

personal and business credit is start getting  business credit. That's probably the biggest  

mistake that I made in my business and one of the  things that I feel like held me back where I had  

to keep working before I could become a full-time  entrepreneur. I literally now have students that  

are able to access business funding in weeks,  not years. And they're able to quit their jobs  

and work in their businesses full-time. So, let  me tell you how you get it done. The first step  

is going to be to set up a business. I know  this sounds super easy and you're like ,"Done,  

Noelle". But most people just completely skip this  step and they feel like, "Well, I do this. I do  

photography or I do wedding cake design. Or I do  whatever business I do. And that is my business."  

But if you want to start getting business lines  of credit and you want to do this fast, step one,  

you're going to have to set up your business. Let  me tell you what that means. So, the awesome thing  

with business credit is you can get this set up  in one day depending on what state you're in. So,  

the first thing that you're going to need is a  business license, a business registration. You're  

going to need an LLC which stands for limited  liability company or you can do a C corp or an  

S corp. Again, you go to your state's secretary  of state and you register your business. So,  

if you for example have a business and you call  it abc properties, you will go to the secretary  

of state for example and put and see if abc  properties' LLC is available and you register  

that business. And again, in most cases, you can  do this all online and it's really quick to do.  

The second thing that you're going to need to  set up your business, super simple. And again,  

completely free. The business registration you are  going to have to pay for but this part is free.  

You're going to need an EIN number which stands  for employer identification number. This is like  

your business's social security number. And it  is amazing. And again, absolutely free. You go  

to irs.gov. Again, after you've registered the  business, you have to make sure you have a actual  

business register before you do the EIN. I'd also  suggest and i'll give you a few other things that  

you're going to need you might do some of these  things before you get the EIN number but you  

want to get the EIN number as soon as you can  because this is like when your business is kind  

of started. And when people look to see when you  got this and what date you got this for the age of  

your business. So, you want to do this as quickly  as possible. You don't want to wait a long time to  

do this. And again, completely free at irs.gov.  The next thing and again, super simple. You'll  

need a professional phone number, a professional  email, and a professional website. Many times  

you can you can do this all in one day, okay? One  day. This is not anything that's difficult to do  

and this will set up your business in a legal way  where you can actually accept payments and start  

making money and get funded. So, let's get to  that part. So, once you have these things set up,  

you are definitely on your way. You are literally  probably 80% ahead of most business owners. Just  

by doing those simple things that I said those  5 things --getting your business registered,  

getting an EIN number, professional phone number,  professional email and professional website,  

okay? Just doing those 5 things and those 5 steps  will put you ahead of so many other businesses and  

put you in a position where you can start getting  funding really fast. So, let me tell you what  

happened with me because I did not do this and  I waited way too long to start getting business  

funding. But now, I have millions of dollars  in business funding, business credit cards,  

business lines of credit, business loans. Like,  you name it, I've got it. And you can repeat this  

business after business after business. This is  a process that you can duplicate over and over as  

you start businesses. So, there is no end to this,  okay? So, I literally started investing in real  

estate from my parents' basement, okay? Some of  you guys know me. I'm a real estate entrepreneur,  

millionaire, mom of 5 and I mentor. But I did  not start there, guys. I literally started in  

my parents' basement. I was bankrupt with tons  of foreclosures. We had tried to flip houses and  

then when the market crashed in 2008-2009, we  lost everything and I literally ended up back  

in my parents' basement dejected, embarrassed, and  broke. Okay? So, I had to start investing in real  

estate with bad credit and no money, alright? And  I did. And there's some ways that I've taught you  

guys that you can do that. But business credit is  going to unlock something and you don't even have  

to deal with your personal credit at all in some  cases. You literally can start a business profile  

and forget about personal credit all together  and just rely on your business's credit  

and create other companies and other businesses  and create credit profiles for those businesses  

as well and get hundreds of thousands of  dollars for every business that you have.  

So, you don't have to make the mistake  that I did. Follow these steps and let's  

start getting you business funding today. So,  the next thing that you want to do. And this  

is how you are going to literally unlock  business lines of credit. And I literally  

cannot believe that I did not know this  because I have students that are doing this  

right now and getting hundreds of thousands of  dollars, okay? So, the next thing that you want to  

do. Like I said, you do those 5 things. You want  to make sure you have a business checking account,  

okay? Now, when you go to get your business  checking account, you're going to need the  

business license, the EIN number. But it is very  simple. And again, completely free. You're going  

to put the money in your bank account and  it's your money. You can take $500 or $1,000  

or whatever the minimum is and get you a business  checking account. Now, here's my recommendations:  

You don't want to go to the largest bank. So,  we have the large banks --Bank of America,  

Wells Fargo, City and Chase. Those are not going  to be the best banks for a small entrepreneur.  

You really want to start off with some of the  mid-size banks. You know, regions bank, BB&T,  

Bank of Ozark, PNC bank. I mean, I could just go  on and on. It's like that next medium-sized bank.  

I think you guys know what I'm talking about.  Not the large 4 but that next tier of bank  

because those banks have a lot of money for small  businesses. Every administration (we already know  

it) puts money somewhere. And this administration  has put a lot of money in to businesses. And  

there's a lot of funds available at banks for  businesses. It's incredible. This is historic,  

guys. These numbers are unheard of. So, now when  you go to get that business checking account,  

literally i have students that are getting  offers for business credit cards and business  

lines of credit on the spot. Yes. And again, this  credit card is not reporting on their personal  

credit so they can use it as they please, get  funding, get things for their business, and not  

affect their personal credit score. Because  when you went and got that checking account,  

they already checked your credit, okay? They  literally already checked your personal credit  

and if you have good personal credit, literally  right now in this time that we are in with all  

of this availability of funds for businesses,  they are offering businesses funds on the spot.  

So, take advantage of it. And as a bonus, because  this is Noelle and I always just have to tell you  

everything because I can't help it. I'm  successful and I want you to be successful too,  

I'm going to give you a bonus. And I'm going to  actually put a link in the box. There's literally  

a company called North 1 that will allow you to  access funds from anywhere. You can hook it up  

with your paypal. You can hook it up with your  square. Again, these are merchant processing  

accounts. I have videos that I've made I'll put  a link to them in the description box for you  

so you can watch those videos as well if you  have personal credit issues. You can still get  

access to these funds. There are so many funds  available for businesses right now. You should  

not be waiting. This is something you should  do. Get your business registered and start going  

after those funds especially while you don't need  them. You don't want to wait until your business  

is in trouble where you're behind on payments  is start trying to borrow money. You want to  

borrow money when you don't need it, when you're  getting started, when you are using projections.  

And that is a way to start getting a lot of funds  for your business really quickly. So, I put a link  

below with North One. They will allow you to  do all of these different things. And you can  

access it right from your phone. It's an awesome  company. I absolutely love them and this is going  

to be a game-changer for you, guys. So, click  that link below and check them out because it's  

absolutely free. And North One bank is a bank that  can really help you out with some of this stuff.  

Okay, guys. So, there you have it. I have given  you all of the information. You literally can  

start getting a business credit line in 3 days  depending on what state you live in. Literally  

have students doing that setting up their entire  business, getting their business checking account  

and then getting offers from banks for their  business. Additionally, if you need to wait a  

couple of months and get some bank statements, I  have students that have waited like 3 or 4 months  

and started getting business funding. Again, in  their business' name. So, make sure that you have  

all of this information and you actually implement  on it. Please make sure you click that like  

button. I shared so much information. Subscribe to  my channel and click that little notification bell  

so you don't miss any of this content that  I am bringing to you every single weekday.  

And make sure you check out North One. Again, the  link is below. It's absolutely free. I absolutely  

love this company and i think this is a great  resource for you. This is Noelle. To your success.