What's the Most Common Reason for
Business Failure?
The Business Owner Runs Out of Cash!
Let me Ask You This Question.
Could Your Business Use a Business Line of Credit (not trade credit) of up to $100,000?
Would That Cash Infusion Provide the Marketing Dollars to Propel Your Business to the Next Level?
NCP HAS THE SOLUTION!
"The Insider Secrets of Business Credit"
When you become an NCP client, you'll learn how your business can profit with a business credit card, business line of credit or business loan and know Exactly what the criteria are!
Finally I can expose the "insider banking secrets" about how your business can get cash --- real lines of credit, NOT vendor credit --- to expand your success! This is a skill that must be mastered in order to maximize your company's ability to survive and thrive through the rough times.
When You Become a Client of NCP You'll Learn:
• The difference between personal and business credit (Both are very important, but have very different requirements.)
• Personal credit score targets and score factors that you should evaluate Even a high personal score may not necessarily qualify you for credit.
• How your business' gross revenue comes into play (How is that formula affected if you're still in your first year of business?)
• How the LSC score affects your ability to get lines of credit What is the minimum LSC score required by the bank?
• How your personal credit score influences the bank's decision to give you a line of credit
• Requirement differences between a business credit card, a business line of credit and a business loan
• Which credit agencies the banks use to evaluate your business (It is not what you think!)
• The magic dollar amount that you MUST be under when applying for a business line of credit!
• The time frame for receiving your line of credit
• What are your options if you do not qualify?
• Plus, you'll learn all about NCP's turnkey services and steps to maximize the money you receive to market your business!
• And much, much, more..
Never before has the entire picture been presented in one place, all at one time. You may have heard bits and pieces, but this is the inside track to what the bank requires before you get a dime!
Imagine, having access to these insider secrets, only through NCP, what this may do to help keep your business off the ground and off to the launching pad to business success!
Sole Proprietors Are Risking Their Personal Credit And Capability For Future Financing!
You may already be thinking, "I don't plan to have a sole proprietorship. I'm convinced that I need to form an entity." But when will you take action? If you wait 30 days or longer, do you realize the negative impact that may have on your business? Although it's not impossible for a lawsuit to pop up in that short period, a MUCH bigger (and disturbingly common) mistake lurks at this important business start-up phase.
Using your personal credit cards to finance the start-up of your business is the most widespread mistake made. Added to the folly of operating as a sole proprietorship with a "let's see how we do first before we incorporate" mentality, it's a recipe for disaster. Here's why:
Financing your business with your personal credit (credit cards, home equity line of credit, etc.) negatively affects your "revolving debt ratio." That ratio is a major factor in your new corporation or LLC's ability to obtain a business credit card at the start,,, and later, a business line of credit.
Why is this so important? The number one reason business owners fail, especially during the first six months, is lack of cash flow. That's when the folly of overestimating revenue and underestimating expenses rears its ugly head. And for most small business owners, that behavior is as predictable as the sun.
NCP is one of the few, if not the only company that literally "Cracked the Bank's Code" on business lines of credit for you. We spent more than four months going back and forth with a major bank to figure out exactly how they make their decisions as to who gets those valuable lines of credit, how much. and who does not.
Factors such as the "liquid credit score," the risk category of your business, gross revenues, your personal credit score, derogatories, and your revolving debt are all taken into consideration.
Here's the bottom line: If you're starting your business by nearly or completely maxing out your credit cards, the bank will ignore you. Even with a 700 personal credit score, if your revolving debt is close to 90% maxed out, that sends the bank a very clear message that you cannot manage your personal debt. Why give you money to start a business? Basically, you're on your own financially.
Don't be misled by TV or Internet ads about "corporate credit," either. Usually, they refer to "trade lines of credit," which doesn't give you actual cash for you to use in your business as you choose. Now, if you're building homes or have more than 30 employees, developing trade credit can be important --- but it's still not cash. You can't use trade credit to make payroll, nor to spend on pay-for-click advertising or any of the many other strategies you need to start quickly and gain that all-important competitive edge.
The Insider Secrets of Business Credit! |
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 " The Insider Secrets of Business Credit!-- CD -- and Transcripts
Could Your Business Use a Business Line of Credit (not trade credit) of up to $100,000? Would That Cash Infusion Provide the Marketing Dollars to Propel Your Business to the Next Level? For the FIRST TIME EVER, find out how your business may qualify for Business Lines of Credit BEFORE filling out an application! ...$197.00
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