Business Credit Consulting Services in Orange, CA
Why Do You Need Business Consulting Services in Orange, CA?
Are you planning to start your business in Orange, CA? Do you have a business plan to get it off the ground? There’s just one thing you need to take care of first—the funding.
Whether you’re expanding your business or just getting started, you need funding to bring your entrepreneurial vision to life. And the single most important factor that affects your chances of getting funds for your business is your business credit score.
Your business credit score determines whether your company can be trusted in the way it manages money and finances. It drastically improves your chances of getting approved for small business loans and other business financing products. It also directly influences your business’s ability to obtain lines of credit, utility rates, and reasonably priced insurance plans.
If you want to keep your business credit score on track to ensure your business’ success, let 007 Credit Agent’s expert business counseling services in Orange, CA, help you!
Our Credit Consultants Will:
Types of Business Credit You Can Get
Obtain Business Financing Quicker and Easier With a Better Business Credit Score
Around one-third of small businesses face the threat of closure within the first three years due to a lack of sufficient business funding. And a primary reason they’re unable to secure loans to finance their business and keep it up and running is poor credit scores that determine their business’s creditworthiness.
If you don’t want to be in a similar situation where your business is hanging off the rails instead of thriving, hire our premier business consulting services in Orange, CA.
At 007 Credit Agent, we help you chart out a financial plan for success by giving you the tools you need to maintain a high business credit score. We have a qualified team of certified and experienced business credit consultants who help you submit business credit applications and obtain approval without submitting your personal credit report.
Our holistic business consulting services in Orange, CA, help you secure loans and land funding for your business with a healthy business credit score. 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
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
Get Revolving Credit