Tom goes to the bank one day and sits down with bank loan officer and tells him his dream. The bank loan officer ask Tom several questions. Do you bank with us? Tom, replied, No. Do you have any money to invest in your business yourself? No. Do you have any assets to put up for collateral? No Do you have GOOD CREDIT? Tom, replied, No. Do you have any experience in running a retail business? No.
As the bank loan officer finished his questions, he said, I'm sorry Tom, but I'm afraid Our bank can not help you at this time. As Tom started to walk away with his head down, the bank loan officer called him. Hey, Tom, my bank can not help you but I hear this company Possibly can help you. The bank loan officer gives Tom a card with a website on it http://BusinessCreditAmerica.com. Tom, asked, What's Business Credit America? The banker replied, they teach people like yourself, how to build your business and get it funded without you carrying all the risk. Tom was much appreciated and went on his way.
Later that evening, Tom fired up his computer and typed in the web address http://BusinessCreditAmerica.com. He looked over the website and seen they offer a Free Forum, he clicked on the .link and joined. Tom was amazed at how much information was on the website. There was information about business credit, personal credit, cash cards, investment groups, net30 accounts, Dun and Bradstreet, just to name a few sections. Tom, was very excited and confused, because although he has an MBA(MASTERS IN BUSINESS ADMINISTRATION), he never learned this information in school.
After Tom read all the free information, he decided to Join http://BusinessCreditAmerica.com. Once he joined he received a lot of ebooks, videos and a life time membership to the forum, which has so much more than the free forum. Tom started to learn about how to use Ucc-1's to help build your business and personal credit, offshore banking, real estate, vendor credit, and much much more. Now, that Tom have access to the right business information, he decided to put together a business and personal plan with the help from some of the members in the forum. Here's the steps Tom took,
- He created a C-corporation
- He got a Tax ID#(EIN#)
- He got a Dun and Bradstreet #
- He filed a Ucc-1 loaning his Corporation $30k in cash and Assets
- He filed another Ucc-1 showing his Corporation Loaned him $20k in cash
- Tom remember his grandmother died and left him a house valued at $50k, so he transferred that over to the Corporation as well.
- He used some of the tactics in one of the personal credit ebooks to help clear up his credit.
- He had his friend that's a CPA to submit projected financials to Dun and Bradstreet to get his credit rating high
- He ordered products from 6 specific vendors twice
- He opens up a Corporate Checking Account at the bank, where he was turned down for the $50k loan.
No comments:
Post a Comment