CashFlowExperts.Biz

Fran  – Does it matter if you do not have a job? Can you get a business line of credit with a new business? Can you get a business line of credit with a brand new LLC or Corp?

Tom say: No job is needed. If you have a business name you can qualify for business credit.

Stan  – If I buy a house under my business name, will that hurt my chance of getting business credit?

Tom says: No. It will not hurt you. I buy all my real estate in the names of my businesses.

Ray  – When you apply for lines of credit, is there a clock ticking on the first draw or at anytime?

Tom says: No. there is no time limit.

lonnie  – How do I get paper applications for Business Lines of Credit? and Once I sign up with your program, how long will it take to get the initial $10-50,000 in Business Lines of Credit?

Tom says: We will show you how to do it Lonnie!

Bill- Is it easier to get business credit with a Corporation than an LLC?

Tom says: It makes no difference.

Michael  – Does my business have to a certain number of employees or gross receipts to qualify for the type of credit your clients get? It’s just my wife and I trying to get started.

Tom says: You do not have to have any employees.

Mark  – Does your personal credit score affect your ability to acquire business credit?

Tom says: No. We show you how to get business credit that does not report to your personally if you follow our system.

Lynn larson – what about credit for existing business?

Tom says: you can get business credit for a brand new business or an older one if you use my lenders!

Jack – i need 300,000 credit line for new LLC to buy REO now. with deeds propertys commercial or SFR.

Tom say: we have that much and MORE for you if you use all our recommended lenders.

Miguel Rivera  – Can I get business credit as soon as I register my LLC or do I have to show income first?

Tom says: you can get it right away as soon as your business name is set up.

Alfredo R Guardiola  – are there any cash loans available for new businesses?

Tom says: YES, we have $300,000 available

Maria  – Yes, I’d like to know the terms of your business line of credits. Up to how much the company can qualify (Corp, LLC, LP)? How soon is the fund available for the company to use? What are your requirements? Where can the company apply for these business line of credits?

Tom says: the money is available as soon as you are approved. And the terms are the same as a revolving line which has a small monthly repayment amount which is principal and interest.

Stephen  – how can I apply this after crashing and basically beginning from scratch zero–will it work????

Tom says: I am glad you are willing to pick your self up and dusk off and get started with our program which will show you how to get this money in your situation.

Tam  – How are the business credit lines and payments structured? I know it will vary on the purpose of the loan but if you could give a few examples would be great!!

Tom says: They are about 1.5% per month. The video I released with the FREE software I gave away had great examples of this!

Milton smith – does my personal credit matter?

Tom says: NO. If you follow our instructions and separate your self personally from your business we can show you what to do to get business credit.

Mark Fields  – Tom, Why is it that start up companies, the ones who need business credit the most, have the absolute hardest time getting any unsecured credit ? What happend to the SBA money ?

Tom says: Mark the SBA is not the way to get money. Our business credit sources are faster and easier!

Posted by Kevin L.
Hi Tom, I’ve been a student for about 3 years and I have $218,000 in Business Credit.

Most business ventures are not profitable during the first year or two. But the proper use of business credit can help you survive to profitability.

There are many ways you can repay business loans:

**Out of your cash flow.

When your business earns more than your business expenses you will have free cash flow to repay debts. This can take 1 to 3 years depending on your type of business.

**From the sale of an asset.

Investing in real estate basically means holding a property at break-even or at a loss until you sell it for a profit in the future. Huge fortunes have been made with this kind of buy and hold investing if you find good deals and add value to the property.

If your property happens to throw off extra cash flow each month, that is a nice bonus, but is not mandatory to succeed.

**By selling the entire business or investment.

You can spend a year building up a business and then sell it for a huge profit. Many investor’s want to buy your business if it is already running profitably for a multiple of many times the annual profit.

Some people just build and flip business for profit!

**Setting money aside from your fist line of credit.

This is one of the best ways to use business credit to start your business.

I call this using the 80/20 principal.

Make a written plan for how much money you will need to start your business and run it for the first year.

Then apply for about double that amount in business credit.

But only spend about 80% of the available cash on your business and set the remaining 20% cash aside in a business checking account.

That is called seasoning money or saving for a rainy day.

You can then use that money to make the monthly payments when they come due on your line of credit that you have in use for your business start-up.

The monthly payments tend to be very small and this seasoned money could last you for years.

And it is always important to have a written plan and to know exactly how and when your start-up business will become profitable. When it does, you can repay all the business loans you are using.

Although most large companies constantly use some business credit because it is the cheapest money you can find!

Posted by John Zelko, Minnesota
Hi Tom, I want to sincerely “THANK YOU” for developing a system for all the entrepreneurs of the world. A “Business without capital” is like a “fish out of water”. Anxiously awaiting the arrival of your course as I have been a follower of yours for the last 3 years or more.

Posted by Dan Pezze
Just wanted to drop a note to say thanks for the program the Ultimate Investors Guide. I purchased it a few years back and used the program to get money. It worked great and am still utilizing it today in 2009. Always nice to know that the money you throw at these programs actually works.

Many people have asked me if there are any government grant programs I recommend that will give grant money that they never have to pay back.

———-
YES
———-

Thanks to the new economic stimulus plan there really is a lot more grant money available. We have started using it ourselves!

Go to:  http://www.GrantsForSchoolOrBusiness.com

There is Billions of dollars of Uncle Sam’s Money available through the grants available on this site. And the site even offers grant writing software if you need it.

I would encourage you to hurry and start getting these grants while they are so easy to get. The economy really needs your help to take this money and put it to good use.

Go to:  http://www.GrantsForSchoolOrBusiness.com

Posted by Mike Vaughn   
Tom, thank you very much for the webinar and you shed light & hope as others currently pooh pooh bank business loans.

Here are some tips I have learned over the years. These are the Best ways to use Business Credit.

- Make a plan for what the money will be used for.

Consider following the 80/20 principal. Use 80% of the money and set aside 20% for reserve account.

One of the most important steps you should take when using a business line of credit is to set aside about 20% of the cash you draw out as a reserve. This reserve of money will be seasoned in a checking account so it helps the business build its reputation and so that some cash is always available to be used to repay the minimum monthly payments as they come due on the line of credit.

Many businesses run at break even or less in the first year, so you need to set aside some of the cash you pull out of a line of credit to make the payments if the businesses profits or cash flow does not provide enough.

This is called Seasoning money. The small interest expense you will pay on this unused money is well worth it.

It makes your business look good to other potential lenders and sets money aside for a rainy day.

Next, you could use some of this money to reduce your personal debt and improve your credit score.

Other profitable business uses include:

- buying advertising and marketing.
- purchasing goods to resell.
- lending it out at higher interest rates for a profit.
- build a website and drive multiple streams of income.
- invest in real estate for huge tax deductions from other income.
- you could even use this money to build a valuable corporate image.

- Paying back the line of credit – there are 7 smart ways to do that.

The best way to pay back the monthly payments on a line of credit is to use the money to make a profit in your business. But in start up business – this may not be possible for the first year.

So, if that’s the case for your business, you can draw money out of the reserves you have set aside to make your minimum monthly payments. These monthly payments on the average line of business credit run about 1% of the amount in use. So they tend to be very small.

1. How fast can I get the money from these business lines of credit?

You can get money from our business lines of credit as soon as your business is approved by our lenders. That means that you must have a registered business before you can apply for these business lines of credit.

You can quickly file for any type of business with your state on the internet. And as soon as you have registered your business name you can start to apply for business credit.

Our lenders usually take about 21 days to approve you for these business lines of credit. So you can get money for your business about 21 days after you have applied.

2. Do I need a business that is 2 years old to get this business credit?

No – you do not need a 2 year old business to get credit if you use the lenders we work with and the system we have created.

You can get business lines of credit from our lenders even if you have a new business with no revenue or income. A brand new business will use our stated income application template to get this business credit.

You do not need to have what people call an aged corporation, shelf corporation or a seasoned corporation to get money from our business credit lenders. If you follow our instructions and use the lenders we recommend you can get business lines of credit with a brand new business.

If you already own a business that is several years old you can also get money from our lenders.

So if you currently have a registered business you can start to get our business lines of credit immediately. And if you do not have a business yet, you will simply register a business name with your state on the internet so that you can start applying for our business lines of credit.

3. How is it possible to get business credit if my business is new and has no revenue or income?

Not every lender will give a new business money. That’s why we have selected and recommend the 15 national lending programs fully described in our guide.

These lenders offer new businesses credit based on their stated income application process. The stated income application for business credit was created by the banking system as a way for new businesses to get start up money.

So you can use all of the 15 lending programs in our guide to get start up money ranging from $200,000 to $500,000.

When your business becomes profitable you will receive increases in each of these business lines of credit and our guide will recommend additional lending programs for your older business.