Credit Coach: Companies that can help you build business credit

I work with all kinds of entrepreneurs. Some are happy to sign on the dotted line to guarantee a loan. Many don’t mind using their home or assets as collateral for their business because they believe in themselves and their business.

But there are times – and circumstances – when someone doesn’t want to – or can’t – use your personal guarantee, your personal credit. Sometimes an entrepreneur is unable or unwilling to use his or her personal assets. So what can they do?

They can build business credit, often unsecured and without your personal guarantee. As long as business owners find the right ‘business credit coach’, it is very possible to set up business credit cards, lines of credit, loans and business terms with providers of all kinds. As I always say, when looking for these trainers, make sure you choose the right one. There are good and bad.

These business credit coaches offer a step-by-step process that results in a solid foundation for business credit success. The steps are proven to help you get credit and financing for your business…sometimes it’s guaranteed!

Many take a systematic approach with highly predictable results to ensure your long-term success. Many companies offer a web-based back office that carefully tracks your progress and measures your results, helping you know exactly what you’ve accomplished, what you’re currently working on, and what’s to come.

There are several levels: some offer a guide, others give you unlimited access to trained trainers throughout the program. They help prepare credit and loan applications and route the application to the best lenders across the country.

A general list of offers includes:

1. Register your business with Dun and Bradstreet.
2. Obtaining a DUNS number for your company.
3. Establish an appropriate DUNS rating for your company.
4. Enter your business into the banking system.
5. Provide you with a list of providers who report to
business credit bureaus.
6. Provide you with a list of vendors who will award business
credit without personal guarantee
7. Provide you with a list of business credit cards
to apply for.
8. Help you get a standard industry classification
encoded
9. Help you get a favorable Paydex score.
10. Help you get a favorable Intelliscore.
11. Help you lay the foundation for the build
business credit.
12. Provide you with bank contacts that will grant you
commercial credit lines.
13. Setting Up Your Experian Corporate Business Credit Report
14. Business credit coaches will also be your first trade
Account reporting to Corporate Experian.