How to Get Business Credit, with Ty Crandall

Need capital in your business, fast? Today, we’re talking about another way to get a capital infusion through business credit.   https://www.youtube.com/watch?v=J_qT49JxLlI The problem is that most business owners who want financing don’t get as much as they could, because they haven’t worked on the qualification process. That’s where CreditSuite can help. Ty Crandall has become a recognized authority in business credit building, business credit scoring, and business credit repair. So if you want to improve your fundability, build business credit, or get loans and credit lines… tune in now! Table of contents* Breaking into the Business Credit World* Credit Reporting* Business Credit vs. Consumer Credit* The Right Time to Build Business Credit* Business Credit Cards vs. Consumer Credit Cards* Leveraging Debt* Building Business Credit Separate from Personal Credit* 1. Create Separation* 2. Get Your Credit In Line* 3. Find Companies that Report to Business Credit Reporting Agencies* Finding the "Sweet Spot"* 4. Start Immediately* Business Credit Gives You Opportunities* Ty Crandall’s Offer* Book A Strategy Call Access to cash is critical for a business owner. While you don’t want to rely solely on credit for your business cash flow, you don’t want to be stuck in a spot where you need it and don’t have it. Breaking into the Business Credit World Ty Crandall's first company was a mortgage company that he quickly grew into a 7-figure company. And he rode that wave right up until the subprime mortgage crash, when things started to go south. While he thought he had access to plenty of capital, it turns out that wasn’t the case. After a few late payments, as he figured out how to navigate a failing business, the unexpected happened.  His credit card companies actually shrunk his credit limit down to what he owed, so that he could not spend anymore, which effectively tanked his credit score. Then they pulled the money out of his personal bank accounts, depleting his cash stores.  When something like this happens, other areas of your life can snowball—checks can bounce, and you can’t use credit to get out of the hole.  Ty worked overtime to get out of this hole, but he couldn’t find quality credit information anywhere. During this period, he learned about business credit, and realized that the information was nearly impossible to access. So he decided to compile information about business credit himself, and begin teaching people how to use it and why.  Credit Reporting Many people don’t understand the scope of credit reporting, because it happens in the background.