Business Financing Issues: Below 520 Credit Score

If your credit score is below 520, you can stop looking for money and take the time to

1. understand why you have such poor credit and
2. begin the process to repair your credit.

Achieving These Objectives

First, there is no simple, quick way to get good credit, regardless of what you may read on the Internet.

The process of obtaining good credit requires hard work and a step-by-step process.  It cannot be completed in “30 days”, or with no work on your part like many advertisements claim.   Frankly, we’d like to see those programs scrutinized by proper authorities as to their validity.

TIP: Personal Versus Business Credit Ratings

Even if you separate your personal and business credit ratings, you will still not be able to qualify for meaningful credit if the personal rating is low.

As a small business owner, almost any funding source will look to your personal credit score as a reflection of your ability to repay the funds they will extend to you. If your FICO is in the low 500’s, you’ll likely be declined, regardless of your business credit score or incorporation status.  Lenders simply do not want to risk lending capital on you.

TIP: Credit Rebuild Programs – A Good Idea, But Sometimes Overpriced

There are many programs that will “help you” build your business credit, fees for this service range from $1,995 – $4,500 online. I’ve seen, read or reviewed most of them and while that may seem expensive, strong credit is very valuable. You should expect to do most of the credit improvement work yourself, but with the proper guidance and direction, you’ll likely earn you credit building investment back very quickly.

Consider the cost savings for this $40,000 piece of equipment.

As you can see, a 720 personal FICO score will save $180 per month and $8,640 over the term of this lease. Over a 5 year term, better credit will save $11,340. The $1995-$4500 credit repair programs pay for themselves, big time.

NEW:  Our Credit Repair Program is Now Available for $895 (or Less)

In early October, I negotiated access to the very best online credit building program available for just $895!  If, after you’ve finished the program, we’re able to help you with financing, we’ll refund $300 of your fee so the total cost to you is just $595! The risk to your company is very low.  This is all upside!

Tough Love…

Now, here is some tough love…Your current behavior has you in the position you are today, not finance-able from any lending or financing source at any price. The good news is that can be much different in about 90 days, but only if you’ll change your behavior. Having business credit means access the the funds you need to be successful in your business endeavors. Having good credit means access to more and better priced capital.  It’s just smart.

So, if you are willing to make the effort and realize the benefits of strong business credit, We’ll show you how. Actually, we’ve developed an online program that is literally a step by step process, not some guideline or vague rules of thumb, that will actually take you through the necessary steps to position your business for the best possible credit.

As you move through the steps you will:

1. Understand the 18 necessary requirements of business credit
2. Be sure your credit is reported accurately
3. Position your business for financing quickly
4. Separate your business credit from your personal credit
5. Plus much more

The end result of this process is

• Access to good quality capital.
• Savings of several thousand dollars.

Here is the best part. Remember, we’re in business to help clients get financing for their business. The better the credit, the better job we can do and the happier client you’ll be. Selling credit improvement programs in not a profit center, we just want you to have better credit so you can become a good client.

Thanks to the power of the Internet, we can make this credit building program available to you for just $895, and that comes with full online support! This program is guaranteed to show you, step by step, how to improve your credit for 75% – 90% less program fees of other, less effective programs.

We would not do this if we were not interested in the same objective you are, getting well priced capital for your business quickly.

We’re not stupid – there’s a good reason we’re offering credit repair so cheaply.

There’s no catch.  But there’s a very good reason we’re doing things this way.   When we help a business owner with poor credit become client, we’ve got a very happy, very long term client, which can mean income for us every time you obtain business capital. That is a win for us which is why we’re doing this almost at cost.

With your current credit score, you’ve got work to do and we can help. So get up, brush yourself off and begin to rebuild your credit.

Return to Flowchart