Credit Building Programs
Debt financing (OPM: using Other People’s Money) always starts with a review of your credit worthiness by reviewing how you have repaid your financial obligations before. Whether it’s a bank, car dealership, a mortgage or finance company, your friends and family, or the local loan shark hanging out in the local bar, anyone who’s being asked to loan you money starts with wanting to know how you have paid your prior debts or not. Bad credit? You are not alone. Only a small minority of people and small businesses have perfect credit. The good news is, with our credit building programs, you can improve your credit report!
Step 1: How’s your credit?
There is no reason for you to live with bad credit and continually suffer all of the pain and agony that comes with bad or mediocre credit.
- Almost everyone can benefit from cleaning up their personal credit and maintaining the best credit bureau report they can manage.
- E Z Financial offers programs that can substantially improve your personal FICO scores: Credit Repair, Credit Restoration, and Credit Sterilization. You can go cheap and long, or more costly with results in as little as 30 days.
New Businesses & Start-Ups
Beginning with nothing more than a dream, entrepreneurs need to marshal their imagination, drive and ambition in order to launch their new business. However, to survive and even to thrive they need all the help they can muster to weather the storms they will need to survive. Every new entrepreneur will see their next egg dwindle while their credit card balances reach almost unsustainable levels. There’s a reason most small businesses close in failure within their first two years.
- a) First two (2) years – Totally dependent on owners, credit cards, and friends and family.
- b) Year 3 and beyond – Low-cost financing programs might be offered by banks and finance companies, but only if you qualify. Credit building programs can help new business owners improve their credit history and increase their chances of qualifying for funding.
Credit Building Programs & Start-Ups
Your time and effort
Actively work to build your business credit profile If you don’t build your business credit profile
First 2 years
Minimal effect Totally dependent on your own resources
In your 3rd year & Beyond
Can help your business grow and prosper Very high probably of failure
Most new business owners never realize they are in a race to become a “bankable” business before their own reserves run out. a) Nearly every new owner wants to think their sales are going to take off, their business will boom right off the starting line, and the money will just roll in… instant success! b) It can also be said that every new owner quickly realizes making their business successful just won’t happen without an ongoing and continual investment of time and money. c) The sad truth is that most people don’t have the staying power to last for the long haul. Credit building programs can help entrepreneurs improve their creditworthiness, making it easier to secure financing and keep their business on track for long-term success.
Step 2: Credit Repair Business
Most new business owners never realize they are in a race to become a “bankable” business before their own reserves run out. a) Nearly every new owner wants to think their sales are going to take off, their business will boom right off the starting line, and the money will just roll in… instant success! b) It can also be said that every new owner quickly realizes making their business successful just won’t happen without an ongoing and continual investment of time and money. c) The sad truth is that most people don’t have the staying power to last for the long haul. Credit building programs can help businesses establish a solid credit history, increasing their chances of securing necessary funding to weather these challenges.
- a) Follow our advice, and as your business grows your business credit profile will steadily grow over your first two years of business.
- b)There just might be a $2M SBA loan waiting for you at the end, in addition to low-rate loans from credit building programs and commercial bank lenders.
- c) Odds are that small business neighbors who started about the same time as you, are going to still be struggling while you are reaping the rewards and success you deserve.