Business Credit Consulting Services in Newport Beach, CA
Establish Credit for Your Business for Growth
Once only known for its sandy beaches and good surfing spots, Newport Beach is now a hub for business and commercial activity, making it the perfect place to start your very own business.
If you’re new to the business landscape, you need all the help you can get to ensure your business’s growth and prosperity, especially when it comes to your business credit score. A business credit score determines whether your company can be trusted in the way it manages money and finances. It helps lenders and suppliers gauge your financial reputation and decide whether they should do business with you.
A bad business credit directly impacts your business’s ability to obtain lines of credit, utility rates, and reasonably priced insurance plans. If you want to maintain a high business credit, let 007 Credit Agent’s expert business counseling services in Newport Beach, CA, help you!
Our Credit Consultants Will:
- Help you set up your enterprise correctly, so your business credit applications aren’t automatically denied.
- Acquire your Duns and Bradstreet Number: this is critical as it identifies your company to the largest business credit bureau, Duns and Bradstreet.
- Create Net 30 Vendor Accounts since most enterprises don’t have the required number of trade accounts to establish a sufficient business credit score.
- Put in a business credit application and obtain approval without having to submit your personal credit report.
Types of Business Credit You Can Get
- Retail Credit Cards: These are store cards such as Amazon, Office Depot, Staples, Lowes, Home Depot, Chevron, Sam’s Club, Costco, and Dell. The best news is that your personal credit information won’t be acquired as guarantee.
- Fleet Credit for instances when business vehicles require repairs or when you’re looking to slash fuel costs.
- Revolving Credit for your enterprise once initial business credit has been established. These are Mastercard and Visa credit cards.
Fix Your Business Credit with Business Consulting Services in Newport Beach, CA
Did you know that 27 percent of small businesses can’t secure the funding they need to get their business off the ground? This is one of the primary reasons why small businesses fail, and it can be attributed to their business credit score because 20 percent of small business loans are denied due to a poor business credit score. If you don’t want your business to hit a standstill because of insufficient or delayed funding, hire our premier business consulting services in Newport Beach, CA.
We help you make smarter business and financial decisions to maintain a high business credit score, get better loan terms, and land funding for your business. With our in-house team of certified and experienced business credit consultants, we eliminate all inaccuracies that may damage your credit history and set up your business correctly by creating a profile with Experian, Dun and Bradstreet, and Equifax Commercial.
Our comprehensive business consulting services in Newport Beach, CA, give you access to better credit opportunities so you can improve your business credit score and get your business growth plan back on track!
Get in touch with our credit repair advisors here.
Helping You Acquire Initial Trade Credit
We’ll also help you acquire initial trade credit by setting up meetings with potential lenders to help you strengthen your business credit reports. Moreover, to jumpstart your company’s progress, we’ll register your business with Equifax Commercial, Experian, and Dun and Bradstreet.
Furthermore, our innovative Business Credit Builder can help you obtain access to different forms of business credit, such as auto vehicle financing, cash credit, fleet credit, store credit to ensure smooth day-to-day operations for your enterprise.
Get in touch with our business credit consultants in Fullerton to learn more today!
Loans are a vital source of financing for businesses. Besides equity capital, visionaries and entrepreneurs seek credit opportunities that enable them to put their plans into action. They look to crowd-funding sites, microfinance institutions, and banks.
However, a business has to prove that it’s financially stable and responsible in order to obtain credit. Before extending business credit, all lenders first determine the creditworthiness of the borrowing company. The factors they take into consideration include a business’s credit repayment history and current credit score. Other deciding factors include business cash flow and collateral availability.
Helping You With All Aspects of Business Credit
Here at 007 Credit Agent, we delve into the finer details of business credit. Our business credit repair services focus on all business-credit related aspects. Nevertheless, to understand how our services work, you need to be aware of the prevalent problems that arise when handling business credit. They include:
- Newly established businesses struggle to find favorable credit options. They don’t have sufficient credit history needed to qualify for business credit. Even if they succeed in securing loans, they get high-interest rates. Many businesses struggle to pay off these loans since profitability is generally low in the growth (early) stages of the business.
- The large payments weaken the business financially. SMEs that have just started off often struggle to meet their operational expenses. When you add loan payments on top of that, many end up defaulting. This leads to a bad credit history, which impacts their credit score.
- Insufficient cash flow is another factor that prevents enterprises from getting loans. Many lenders consider an inadequate cash flow as a major indicator that the company is in a poor state financially.
- Lenders shy away from business ventures that don’t have a solid, detailed business plan. They become doubtful about the borrowing company’s future and the chances of getting their money back.
- High number of credit applications makes the borrower look undecided and confused. This can be a major red flag for lenders.
The aforementioned problems make the intervention of experienced business credit consultants necessary. They use their expertise and experience to assist companies in enhancing their credit score and managing credit more efficiently. They will help business owners understand and interpret their credit reports and any potential issues that may arise, thus enabling them to handle their finances better in the future.
007 Credit Agent Provides a Diverse Range of Business Credit Services
Here at 007 Credit Agent, we’re well-versed with any and all types of business credit-related issues and offer our services to enterprises in all industries and of all scopes and sizes. Our services are geared to help businesses enhance their business credit history, get more favorable credit opportunities, and grow. The business credit services we offer can be broken down into three categories:
- Credit monitoring
- Credit repair
- Credit building
Our credit repair experts ensure that our business clients are registered with major credit bureaus, such as Equifax Commercial, Business Experian, and Dun and Bradstreet, and that their profiles are active. They also ensure that the bureaus have accurate, up-to-date information about our clients. The bureaus use all the credit-related data to create business credit scores and reports. Therefore, our professionals put special emphasis on ensuring the data is accurate and authentic.
Helping Startups and New Businesses Build Initial Credit
As we mentioned, newly established businesses and startups struggle to find favorable credit opportunities. The lack of sufficient credit history makes the process even more difficult. From a business point of view, a newly established business comes under scrutiny in multiple scenarios. From investors to vendors, potential employees to suppliers, everyone assesses businesses before entering into an agreement or relationship with them.
Here at 007 Credit Agent, we enable enterprises to start off on the right foot by helping them obtain initial trade credit. We set up vendor accounts for our business clients and ensure these accounts report the correct payment history to the bureaus.
Many enterprises meet unexpected expenses and seasonal demand fluctuations. Consequently, their cash flow may also fluctuate. Revolving credit can be a great option in such scenarios, and here at 007 Credit Agent, we offer just that. It’s a flexible and convenient option and can help businesses meet operational expenses.
The second segment of our service comprises credit repair. This is where we help our clients enhance their credit score. Our business credit specialist will negotiate with lenders on your behalf with a view to change or modify repayment plans so paying off loans is easier for you. Moreover, we also offer long-term credit solutions, such as debt consolidation, to help business credit management easier for companies.
Our highly experienced business credit consultants provide you with the assurance that your business activities are being watched by trained professionals who’ll take immediate steps to counter any threats that can impact your business relationships and credit score.
Setup Business Profile
Activate Business Credit
Net 30 Vendor Accounts
Get Revolving Credit
Setup Business Profile
Setup Business Profile
When it comes to establishing business credit, the first step is setting up your business profile in the correct and proper manner. To do this, your enterprise should have the right business structure and proper licensing from the start. Since it takes time to establish a business, it’s best not to rush this process.
At this critical stage, our professional consultants will work to ensure that all your federal and state filings are congruent. All potential lenders will ascertain the date your business bank account was established. You should also be careful when selecting the name of your enterprise. It may surprise you to know that particular business names can get your applications for many banking products automatically denied.
007 Credit Agent provides a detailed list of requirements for automatic creditor and lender approval when you apply for any type of financing. Examples of these requirements include having a physical business address, having a business entity that’s active, open, and in good standing. Other important requirements include:
- 411 National Directory Listing
- A dedicated business phone number
- DBA: All “doing business as” should be on all banking/federal/state records.
- Creating a dedicated business bank account
- Matching state filing (Federal EIN)
- Business email and website
Activate Business Credit
Net 30 Vendor Accounts
To start establishing business credit that’s separate from your personal credit report, you first need to setup business credit accounts with the major business credit bureaus. Payment history isn’t reported to the bureaus by most vendor accounts. Therefore, it’s important that you only use accounts that’ll help improve your business credit.
We’ll help you establish Net 30 vendor accounts that’ll report your payment history to all three business credit bureaus. These initial accounts will enable your company to get fleet and store credit.
- Initial business credit application approvals without a personal guarantee.
- Both existing and new business approvals
- No business financials required
- Net 30 terms for business accounts
Whether you utilize our Unsecured Business Financing program or build your initial business credit with our vendor accounts, you’ll have to get initial business scores and credit profiles established with Experian, Equifax, and D&B, so you can start acquiring high-limit revolving credit from cash and fleet sources, as well as stores – without a personal credit check or guarantee.
Net 30 Vendor Accounts
Net 30 Vendor Accounts
To start establishing business credit that’s separate from your personal credit report, you first need to setup business credit accounts with the major business credit bureaus. Payment history isn’t reported to the bureaus by most vendor accounts. Therefore, it’s important that you only use accounts that’ll help improve your business credit. We’ll help you establish Net 30 vendor accounts that’ll report your payment history to all three business credit bureaus. These initial accounts will enable your company to get fleet and store credit.- Initial business credit application approvals without a personal guarantee.
- Both existing and new business approvals
- No business financials required
- Net 30 terms for business accounts
Get Revolving Credit
Obtain Revolving Credit
Once you establish your initial business credit, you’ll find it easier to acquire high-limit revolving credit cards under your company name. These will be liked with your EIN number, and not your Social security Number. This type of business credit doesn’t require a personal guarantee or consumer credit check for approval. The types of credit you’ll be able to obtain include:
- Store business credit
- Fleet credit for auto vehicle repairs and fuel
- Cash credit including MasterCard and Visa accounts
- Motor vehicle financing
With our business credit builder enables you to acquire credit with places like Walmart, Amazon, and various other prominent retailers.
You’ll also be able to acquire revolving high-limit fleet credit cards which you can use for all your vehicular needs at multiple locations. Moreover, you’ll be able to secure high-limit CASH credit cards which you can virtually anywhere on the globe.
You can also gain approval for auto financing without any personal guarantee or credit check through our finance suite. You can finance multiple vehicle in your company’s name without any consumer credit reporting.
