Finance Suite

 

Finance Suite – How does it work?

What separates successful businesses from those that fail is having knowledge, tools and access to financing. Before a company can qualify for financing it must be ready to apply. The first two fundamental components to achieving this are 1) Being lender compliant and 2) Having a strong, business credit score. That requires preparation — assistance in developing these areas is provided in the Finance Suite.

LENDER COMPLIANCE (Tie up any loose ends. Be ready to apply for financing) Qualifying Items — Lender Compliance is a series of items Lenders will check when reviewing a loan application. There are up to 20 items that will be verified. Some basic compliance items are: • Business physical address • 411 Directory listing • An entity in good standing Business Reporting Agencies — Your business must be setup the right way with the 3 business reporting agencies: Experian, Dunn & Bradstreet and Equifax.
BUILD BUSINESS CREDIT (Create strength in wealth step by step)
Business Credit Separate From You Personally — It is important to build strong business credit scores that are separate from you personally. Unlike personal credit scores that stay with you, business credit scores are: 1. Attached to your business 2. Are valuable 3. Transferable to new owners 4. Are immediately available to the new owners Leverage — The advantages to having a strong business credit score are extensive. It provides you with leverage when it comes to financing and supplying your business. • Secure cash lines • Obtain equipment • Obtain vehicles • Favorable payment terms from vendors/suppliers • Better credit card approvals • Lease/purchase commercial space

What additional assistance comes with the Finance Suite?

Additional Features …

The Finance Suite assists you in structuring your company to be investment ready and qualify for the best possible financing available to businesses. In addtion to the two components mentioned above, you will also…

BECOME BANKABLE
Tracking the Four Major Components — To be “bankable” means to have sufficient collateral, future cashflow and high probability of success, to be acceptable to institutional lenders for financing. The four major components of a business being bankable are: 1. Having all lender compliance items completed, 2. A business credit score of 70 or above, 3. At least 10 business credit reporting trade lines, 4. At least a low 5 bank rating. The system tracks and monitors these for small businesses.
PERSONAL CREDIT OPTIMIZATION
FICO 8 Detailed Scoring Factors — Personal credit scores of anyone owning 15% or more of a small business will typically play a key role in pre-qualifying for financing. All three FICO 8 scores should be optimized. The system details all point factors of the FICO 8 score and how to optimize it.  
3,000+ VENDOR LINES OF CREDIT
Search by Product or Service — 97% of all small business lending in the United States is business to business and not lender to business. The system details the credit extension approval criteria of thousands of vendors for every product and service imaginable, enabling beneficial liquidity management.
4,000+ LENDERS
Match by Program and Location — Most small businesses struggle with: 1. Knowing where to go for financing, 2. What funding programs are applicable to them, and 3. Which lenders and funding programs they pre-qualify for. Our unique system solves all those problems. Funding made easy, and done right with “technology and touch”.
FUNDING PROGRAM BID PLATFORM
Lenders Make Offers to Those Pre-Qualified — Once a small business pre-qualifies, they submit their pre-qualification for a specific funding program and lenders in return submit their funding offers of; amount, rate, and terms. The business owner then selects the offer they like best and the deal proceeds to docs and funding. Very easy.
BUSINESS & PERSONAL CREDIT MONITORING
3 Business & 3 Personal In One Place — The system is data integrated with the business credit reporting and personal credit reporting agencies to allow business owners a single source where they can easily monitor and receive alerts from both business and personal credit reports.

Take the first step…

Progress is made one step at a time. Tell us about your business and your goals.

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