Top Business Credit Card Tips: build business credit without a personal guarantee

Showing posts with label build business credit without a personal guarantee. Show all posts

2017-11-07

Are You Cheap or Are You Poor? Houstonmcmiller.com

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They say "if you give a person the power to feed you, you give them the power to starve you."

No wants to be called cheap or poor, but there is a difference. You see when you're poor you have limited resources and you have not been shown how to increase those resources. Now being cheap is when you have access to many resources but refuse to use them to your advantage,

A business man walks in to a starving village and notices kids tossing these huge pieces of glass. The man picks up one of the pieces of glass and dust it off and realize this wasn't just glass but it was a diamond. He asked the village was there more and the kids showed him a big pile of them.

The man knew the value of the glass rocks and quickly realizes the starving village was not aware of what they had so he offers them some food and a religious book for all the glass rocks. Knowing they would soon need more food. he made a deal with them, if they kept giving him the glass rocks he will keep feeding them and they agreed.

One day the village ran out of the glass rocks and that was the last time the man visited. All the village had to offer was religious books that they could not read. The whole village starved to death.

No one in the village ever asked the kind man what was so valuable about the glass rock nor did they ask how could they use it to buy their own food.

You see that village is your community. The nice kind business man is using his knowledge to feed and starve your village. That's why I try to get you to get the knowledge, so you can feed your own village. So you could mine your own resources and make a positive economic impact on your community.

2017-11-03

HOW BUSINESS CREDIT CAN MAKE YOU RICH REGARDLESS OF YOUR CREDIT

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Many of us desire to be rich or at least well off, but due to low wages that many jobs pay that makes it difficult. Nonetheless, I’m going to share a strategy that I’ve used over the hears to gain access to business credit cards and small business loans.

The strategy I’m referring to is called business credit building and leveraging the banks money to buy investment assets. We’ll take a look at how this process could make you rich in a short amount of time.

Once you have established enough business credit, you could invest into real estate. Not just any type of real estate I’m talking about multi-family units. After you’ve bought your first multi-unit building and have tenants paying the mortgage and maintenance. You could take the equity from that unit and buy another unit until you have enough properties that’s generating you enough income to real your job or to retire on.

Now, if you’re not the type to deal in real estate you may want to consider buying and exiting profitable business. Whether it’s a brick and mortar or an online business, you have the advantage because you already have the funding from you building business credit.

The other way you can become rich from business credit is by starting your own trucking company.

Many other the road drivers have that desire to start their own trucking business but they just they know how to get access to the money to buy the truck. Well if you a trucker we encourage you to build your business credit first with our business credit program.

Another way one could leverage business credit and become rich is by investing in auto auctions.

You could get a car dealers license or use someone else and go to the auto auction and buy vehicles that need a little bit of work put into them and then resale them at a higher profit.

I understand most auto auctions want you to have a cashiers check or cash in hand and you’re probably wondering how can you make this happen when you only have a business credit card. We’ll you can contact your bank request them to give you a cash advance off the card and use that to buy your vehicles.

One other unique way others are starting to use business credit and build wealth is by trading stocks. Now I’m know expert in stock marketing investing, but I’m sure with the right education and guidance many have managed to do financially well.

The great part about maxing out your business credit cards and business loans if does not affect your personal credit if your in the right business entity. Which we talk about in our blogs here.

We teach you how to get the funding, and how to restore your personal credit.

2017-10-10

How to Benefit from Small Business Credit Cards

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How to Benefit from Small Business Credit Cards

When it comes to keeping up with transaction for your business, lets face it, it can turn into a nightmare. Having to record every dime that’s spent on the business, whether that’s buy gas for your vehicle or even buying thumbtacks. It’s just becomes to meticulous to keep up with on through the day to day operations.

That’s why when starting a business, you should build the business credit first so you’ll have access to small business credit cards that track these transactions.

I’ve been in business a long time and the thing that saved my ass is that I used my business credit cards that did all the recording of transactions for me. The worst thing you ever want to happen to you as a small business owner is having the IRS Audit your business and you must now scramble around looking for business receipts. Been there done that, no thank you.

That’s just one wonderful way small business credit cards can save you and your business. You can max out a small business credit card and it will not affect your personal credit score. That’s a great perk, but you much be in the right business structure in which I talk about in this blog post here,

Other ways to take advantage of small business credit cards is using them to help make payroll or pay business expenses when sales are slow. When your business needs runs out of supplies and you need it right away, that small business credit card could save your business. Also if you’re a traveling business you’ll spend a lot in gas and if the business is slow that card could be a great way to help keep thing going till sales start rolling in.

As we explore using small business cards to purchase gas and other office supplies, you could be earning rewards with the right business cards. Which could be saying the business on supplies or other products.

The minimum APR for new purchases tends to be slightly lower for business cards than for personal cards.

There are a lot of other advantages too which use to small business credit cards. Some of them are comparable to what you have for personal credit cards, the ones for little service credit cards normally have something additional with them. These benefits include: cash back alternative, discount rates on specific product, free travel insurance coverage, free luggage defense, discounts on hotels and rental cars and trucks and much more. Once again, given that these vary from company to business, you may too look for these when selecting a small business credit card for your company.

If you looking to start a new business or apply for a small business credit card I would encourage you to check out this great business credit program here.

Remember your starting a business to be a business owner not to become another full-time employee.

2017-01-11

How To use Business tradelines to get business credit cards?https://3wayfunding.com/optin

https://3wayfunding.com/optin , http://www.businesscreditamerica.com/ 1-888-883-3013

How to buy business trade lines to build business credit?

how to buy business tradelines to build business credit? https://3wayfunding.com/optin from businesscreditamerica on Vimeo.

Many business owners buy business trade line to help build their business credit. However, when purchasing these business trade lines, you may continue to face several challenges when trying to get funding for your business. One of those challenges is once you add the business trade lines, you may still need to have bank statements and tax documents in order to get qualified for funding.

Another issue you may have with adding business trade lines knowing if and when they’re going to show up on your business credit file. This is a big gamble because you cannot predict when the credit bureaus are going to report. This is why I try to encourage small business owner and entrepreneurs to focus on repairing there personal credit and pairing it with their company then apply for funding.

When you have good credit and a new business banks will start you out with business credit cards and business lines of credit. The reason for this is that you do not have a business relationship with the banks. You may also want to stay away from the business loans because they want your business to have been in existence for at least 2 years and you would have to provide bank statements and taxes.

So, if you’re trying to get funding for your business, I would encourage you to repair your credit and then apply for the funding under your business.

2017-01-07

5 Ways to Reduce Your Business Taxes With Business Credit Cards? https://3wayfunding.com/optin

https://3wayfunding.com/optin, https://houstonmcmiller.com http://www.businesscreditamerica.com/ 1-888-883-3013

There are many perks to being a business owner, like being you own boss, making your own schedule, putting a higher dollar value on your time, and pride of ownership. Another great reason, you want to own a business because you can qualify for higher credit card limits and these credit cards do not affect your personal credit once you’re approved and if you’re set up as a C-corporation.

However, one the biggest most benefits are the business tax write-offs. Business ownership does have a price, especially when you’re using the banks money to help fund the business. The good news is that business bank fees can be tax deductible and we give you a few examples here:

Annual Fees

Annual fees on a business card are tax deductible. This may be a great way to justify getting that card with the steep annual fee that also has amazing rewards. Yes, you can write it off, but keep in mind that the primary use of the card needs to be for business purposes and not for personal use.

Late Fees

Hopefully you’re not incurring late fees on your credit cards, but mistakes happen and you sometimes forget to make a payment. Those fees can be written off for your business taxes. Of course, it’s always best to call the company and explain you simply forgot and ask if they can waive the fee this time; saving $35 is almost always going to be better than claiming a $35 tax deduction.

Interest Charges

Again, in an ideal world you won’t be paying interest on any of your purchases. But there are times when you need equipment, and there just isn’t enough cash in the bank to pay for it right away. Those interest charges are all tax deductible.

Swipe Fees (point of sales fees)

As a business owner, you pay the credit card company every time someone uses their card to pay you. These are always business-related expenses and fully tax deductible.

Miscellaneous Fees

There are sometimes other fees associated with using a credit card. For instance, your cash advance fees are deductible.

2016-11-20

Business Credit Tutorial: How to Business Credit? www.3wayfunding.com

https://3wayfunding.com/how-to-build-business-credit-without-a-personal-guarantee 1-888-883-3013

https://3wayfunding.com/how-to-build-business-credit-without-a-personal-guarantee 1-888-883-3013 http://www.businesscreditamerica.com/
Learn how to build business credit without a personal guarantee? We also show you how to build corporate credit and what’s the difference between corporate and business credit? If you’re currently unemployed you may want to learn how to start a small business at home or how to start a small business without money you need to learn these skills. The problem for most entrepreneurs or small business owner they don’t know how to get business credit cards or how to get business lines of credit to help their business. That’s why we talk about the difference between business credit using a tier system and how to get business funding after you learn how to build your credit. We explain how to get an 80 paydex score and how to get a dun and bradstreen number. Then we start talking about how to get a small business loan for the small business administration.
http://BusinessCreditAmerica.com, https://3wayfunding.com/how-to-build-business-credit-without-a-personal-guarantee 1-888-883-3013