Ways to increase revenue for your small business in Loan agreements

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how to get a business startup loan with bad credit did you know that I used to have terrible credit I'm talking bankruptcy judgments late payments you name it if it was terrible it was on my credit report so I know exactly what it takes to start a business even with bad credit you definitely can start a business with bad credit and I'm gonna show you exactly how to get that done let's go [Music] [Applause] [Music] let's fix that I'm gonna give you an easy step-by-step process on how to get a business startup loan even with terrible credit I'm going to share with you exactly where to go and how you apply so that you get approved and I'm going to share with you my secret sauce on how to use the business loans to fix your personal credit there are so many benefits to owning a business you can have a business and create unlimited income potential literally you can work as much or as little as you like you can decide when you work when you stop what months you're open what months you're closed and there is no cap or how much money you could make if you work for someone else your income is probably limited by how much money they're willing to pay you or you have to work more hours in order to get more money but in your own business that is not the case you can literally invest money in marketing and things like that and make more money in your business without having to work more hours or do anything more than you're already doing when you have your own business you can create more products and more service and increase your income to whatever level that you want working for other people is going to limit your income by having your own business is going to open up a freedom unlike anything else so now that you know why you should start a business let's talk about how to get those loans having bad credit can really hold you back there are so many disadvantages to having bad credit you're obviously going to have to pay higher interest rate which will lead to you having higher monthly payments because you had bad credit Banks and lenders are going to charge you a higher interest rate if they even approve you which means that the payments on any type of loan that you get is going to have a higher payment for example if you have a great credit score versus a terrible credit score you could be paying thousands of dollars more over the life of the loan with just a simple credit score change it doesn't necessarily mean that you won't pay the money back but because you are considered a higher risk banks are going to charge you so much more money they will even sometimes charge you more fees just forget getting the loans I've known people that have good credit and they were only charged a small origination fee for that long versus someone with bad credit like I used to have that paid thousands of dollars for the exact same loan so not only are you paying higher fees you're also paying higher interest rates and your monthly payments are usually even higher and what you pay and the length of the loan is always higher too having bad credit is such a disadvantage and it will cost you more money in the long run having bad credit is not easy but you can get loans and get things done and even fix your credit while you're doing this let's talk about that part you don't actually have to have bad credit forever you may have right now late payments a low FICO score judgments public records for things that are killing your credit score but you do not have to stay that way you literally can fix your credit this is not something that takes a long time or even costs you a lot of money let me tell you I used to have terrible credit and in fact I actually fix my credit it and started buying real estate well when I quit my job and started my own business my credit score tanked again I started using my personal Credit in order to buy ads and things like that for my business and as I use my credit cards my credit score went all the way down I was able to call my friend Justin merch with creative Credit Solutions and he helped me fix my credit score immediately we were able to get authorized user accounts he was able to help me consolidate debt and he told me things I have no idea about to get things removed from my credit you can literally use my link below and get in touch with creative Credit Solutions today so that they can fix your credit this will help you save thousands of dollars when you go to get loans I know this video is all about how to get it with bad credit but let me tell you you literally can fix your personal credit really fast and get approved for even more loans I'm gonna share with you exactly how to do it with bad credit but I would be crazy not to tell you you can fix your credit really quickly really inexpensively and you can use a trusted partner of Noel Randall creativecreditsolutions.net use the link below and fix your credit so that you can have lower interest rates and pay less for the loans all right now let me tell you how you get this done with bad credit in order to get approval for a business loan you are going to need to have an actual business you can build business credit really fast all you need is a LLC s corporate C Corp in other words register your business with the Secretary of State you will need an EIN employer identification number you'll need a professional website professional email and professional phone number if you do those five things you can easily get your done and Brass Street number and you can start building business credit quickly building business credit will allow you to get loans in your business's name even if you have bad credit because when you apply for business loans they will be lending to the business and they will even use your EIN in many cases you do not have to do what we call a PG or personal guarantee because your business is its own entity if you set the business up correctly you can start getting loans in your business's name that are not attached to your personal credit report this way you can borrow as much as you like in your business's name without it tanking your personal credit score the way that Noel did you literally will even get more money than you would if you got a consumer loan so if you can build business credit really fast which I teach you just watch this video right here I'm gonna put a link right here for you to watch this video will teach you how to build business credit fast so that you don't have to use your personal credit scores in order to get business loans or business credit cards or business lines of credit there are lenders right now though that will get a startup a business loan one of those companies is called Axion that's a c c i o n dot org Axion is actually an organization I believe there are nonprofit that is dedicated to lending to startups entrepreneurs and underrepresented groups Axion will even lend to you if you have really bad credit you can even get loans and use things like your car your TVs or even personal items to collateralize the loan meaning use that to secure the loan and if you don't pay they will repossess those items that you use as collateral you can do this and that way they will lend to you even if you have terrible credit they feel secure because they actually have collateral and again it doesn't have to be real estate it doesn't have to be something that you have a lot of equity in I've even seen them loan to people with personal items like Furniture television appliances washer and dryers and things like that as collateral for a business startup loan Axion again is dedicated to lending to startups and underrepresented groups to get you the funds that you need to get your business going you don't have to make millions of dollars per year for you to lend to them and they are approved be people at a very high rate look into Axion right now because they are organizations that can really help you get that startup funding that you need another great place to get loans or even grants that you don't have to repay is hello Alice hello Alice is an amazing company that's dedicated to helping entrepreneurs get the funds that they need not only do they give you access to great business lenders that will lend to startups and new entrepreneurs they even have grants in fact one of my students got over ninety thousand dollars in a grant from Hello Atlas I'll put a link below in the description box and you can check out hello Alice right now and get set up with them all for free another great thing that you can do to get funds for your startup is go to your credit union there are so many credit unions that will lend to you even with poor personal credit you don't have to have a 680 or 740 credit score because credit unions are membership only accounts the member satisfaction is priority and they will do their best to lend to almost everyone that they can credit unions are an amazing way to get the fund that you need especially if you are a business startup in many cases you will have to use your own personal credit and they will check your credit but they will lend to people that don't have great credit and get you the funds that you need for your business I almost had a friend that started a shoe store and she got 35 000 from her credit union in less than three days especially if you've been set up with a credit union for many years or if you have an older person that had an account with them you can get added to their account and then apply for a personal loan the longer you have had the account with the credit union the better they will try to get you approved so therefore credit unions are an amazing way to get in touch with a small lender that wants to lend to you and help you grow your business in the community it's time to fix your personal credit use my friends at creativecreditsolutions.net my friend Justin merch helped me fix my credit many years ago and he's been helping tons of my students subscribers ever since adding very very low cost in fact he is my friend and if you use my link in the description box you get a free consultation he'll help you review your credit report see what items you can get removed what you can do to easily increase your credit score and the fastest ways to get it done click the link below and reach out to creative Credit Solutions right now creativecreditsolutions.net is the best in credit restoration and I absolutely love them go there right now because you can fix your credit and pay a lot less and get more loans today I just want to make sure that you have all of the resources all of the tools and all of the knowledge that you need to be successful this is Noelle so you're a success