Frequently Asked Questions
WHAT IS BUSINESS CREDIT?
Business Credit is exactly what the name implies – Buiness Credit. It differs from personal credit because it is acquired by using Employer Identification Number (EIN) instead os social security number. In most cases, your business credit worthiness is based upon only your business related factors, not you personal credit history. Generally, the amount of buiness credit a company can aquire is about 10% what can be obtained personally.
HOW MUCH CREDIT CAN I EXPECT TO AQUIRE FROM BUSINESS CREDIT BUILDER?
Clients who complete the Business Credit Buikder program can expect to recieve – on the average – about $25,000 in available credit. Buildcorp is so confident in our ability have you qualify for that amount that we will aprovide an option for a full refund or another full year of service if for some reasons you don’t qualify for the funds.
CAN I QUALIFY FOR BUSINESS CREDIT OWN MY OWN WITHOUT YOUR HELP?
Yes, you can. You also have the option to replace your own broken muffier on your car, putting a new roof on your home yourself or repairing your damaged computer with no technical help. What buildacorp does for the low fee charged is simply complexities of business credit and financing. We shorten the learning curve, provide you expert advice when you need it and help you get maore credit and funding faster. We will even do it for a fraction of what other business credit advisory companies charge because we are a non-profit organization.
HOW LONG DOES THE BUSINESS PROCESS TAKE TO COMPLETE?
The time can vary depending on the unique circumstances of the applicant. Most companies complete the process in about 12 minths while other have been sucessful in half of the time. The more diligent and informed you are, the less time it will require.
WHAT ARE SOME OF THE THINGS THAT CAN BE AQUIRED UTILIZING BUISNESS CREDIT?
Buisness credit allows you to secure many of the necessities – vehicles, Computeers Equipment, products, Inventory, Uniforms, Cellphones and many other essential things you need to operate a Buisness. You can alsoo use the money for Buisness services such as Web design, printing, fueling, accounting and payroll. It’s your credit to use wisely when cash flow is unavailable or insufficient to meet current or projected results.
Can I secure financing without going through the Credit Builder Program?
Absolutely! There are many financing programs available and qualification criteria can vary considerably.At Buildacorp, we understand the nuances of business financing. We’ve helped companies secure the funds they needed at the most favorable rates possible. For more information on our financing options,
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What type of businesses do you help? How do I know if I am eligible?
We help every person who comes to us with the dream of owning their own business. We help new companies and established ones. We lend a helping hand to you regardless of your race, religion, color or
creed. If your company has been turned away by conventional funding sources, we can help. Our passion and purpose is to level the uneven playing field that prevents good people from owning an running their
Don’t banks offer this type of assistance to businesses that need financial help?
Yes and no. Banks are lending institutions. They evaluate your credit and do nothing to help you secure it. If your business is not already established and credit worthy, the chances of getting a loan are minimal – no more than 25% – and that’s if you meet their strict criteria. Banks are financial companies that exist only to generate a profit for their shareholders. Their business is selling money, not helping small businesses grow.
At Buildacorp, we fill the void traditional banks leave in the marketplace. We can help you secure business credit and financing and advise you on what’s best for your business, not the bank’s. In many situations, we can secure more favorable terms and rates than banks offer. What truly makes us different and better is our allegiance is not to investors or shareholders, but rather the small business owners we represent. As a non-profit organization, what’s best for your is what’s best for us.
I’m concerned that past credit issues will come back to haunt me. Are my concerns valid?
Business and personal credit are two distinct matters. If you have had personal credit problems in the past, it does not disqualify you from getting business credit for your company. Your personal credit is tied in with your Social Security number and most business credit processes require only your corporate EIN number.
Your business credit reputation stands on it’s own merit, regardless of what credit challenges you have experienced personally. At Buildacorp, we help you think and act like a business because you have many more advantages credit-wise as a company than you do as an individual.
Now the big question - how much is this going to cost?
Business credit advisory companies price their services differently, ranging on the average from $3,000-$6,000 and even higher for service and support. They build a profit into their services because they are
for-profit companies. At Buildacorp, we take a different approach. We charge $999 for the same level of assistance other advisory companies provide and we offer a wider range of pro-active service and support.
The important thing to remember is Buildacorp is a non-profit organization. We’re not just another business credit advisory company but rather, a small business advocacy organization that provides credit and funding assistance. It’s a major difference that can make the difference in how your company grows.
The lack of business capital stops small businesses from growing, expanding, and competing in their individualized markets. Buildacorp aims to even the playing field by teaching small business owners how to build their credit and become fiscally healthy.
We guarantee that your business will in the position to access a minimum of $50,000 in available credit* by the end of our 12-month interactive, educational course or you get another year of service on us.
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