Step 1.10 Wrap Up

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BUSINESS CREDIT & FUNDING PLATFORM

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BUSINESS CREDIBILITY

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STEP 1.10 – WRAP UP

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STEP 1 – BUSINESS CREDIBILITY

     • Step 1.1 Business Name
     • Step 1.2 Business Address
     • Step 1.3 Business Entity
     • Step 1.4 EIN#
     • Step 1.5 Business Phone # & 411
     • Step 1.6 Business Email
     • Step 1.7 Business Licence
     • Step 1.8 Business Bank Account
     • Step 1.9 Business Merchant Account
     • Step 1.10 Wrap Up

STEP 2 – ESTABLISH BUSINESS REPORT

     • Step 2.1 Dun & Bradstreet
     • Step 2.2 Experian Business
     • Step 2.3 Equifax Business
     • Step 2.4 Reporting- How to Fix Business Credit

STEP 3 – START BUILDING: TIER 1

     • Step 3.1 Start Building: Tier 1

STEP 4 – BUSINESS REPORT MONITORING

     • Step 4.1 Credit Monitoring
     • Step 4.2 Monitor Dun & Bradstreet
     • Step 4.3 Monitor Experian Business
     • Step 4.4 Monitor Equifax Business
Step 4.5 Request Lexis Nexis report
     • Step 4.6 Request Chex Systems Report

STEP 5- BUILDING CREDIT: TIER2

     • Step 5.1 Building Credit: Tier2

STEP 6 – ADVANCED BUILDING: TIER 3

     • Step 6.1 Advanced Building: Tier 3 

STEP 7 – REVOLVING ACCOUNT: TIER 4

     • Step 7.1 Revolving Account: Tier 4

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OVERVIEW

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This last step is one of the most important steps in building your business foundation. It is important that all your business records, including all items completed in Step 1, list the same business name, address & contact information. If this information varies, it can cause issues when applying for financing and even leads to a decline.

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DO ALL BUSINESS RECORDS LIST THE CORRECT BUSINESS NAME, ADDRESS, OWNERSHIP AND CONTACT INFORMATION?

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box_shadow_vertical=”5px” box_shadow_color=”#FFFFFF” global_colors_info=”{}” button_border_radius__hover_enabled=”on|hover” button_border_radius__hover=”5px” button_border_width__hover=”1px” button_border_width__hover_enabled=”on|hover” button_bg_color__hover_enabled=”on|desktop” button_bg_use_color_gradient__hover=”off” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_phone=”width:100%;||text-align:left;” custom_css_main_element_tablet=”width:100%;||text-align:left;” button_bg_color__hover=”#FFFFFF” button_bg_enable_color__hover=”on” button_text_size__hover_enabled=”off|hover” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#000000″ button_text_shadow_color__hover_enabled=”on|hover” button_text_shadow_color__hover=”RGBA(255,255,255,0)” box_shadow_color__hover_enabled=”on|desktop” box_shadow_color__hover=”#000000″][/et_pb_button][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.17.3″ _module_preset=”default” 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custom_margin_last_edited=”on|phone” custom_padding=”14px|56px|14px|56px|false|true” border_radii=”off||||” box_shadow_style=”preset1″ box_shadow_blur=”7px” box_shadow_spread=”4px” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”https://lyfefundingdiy.com/demostep1-1-9/” button_text=”Previous Step” button_alignment=”left” button_alignment_tablet=”center” button_alignment_phone=”center” button_alignment_last_edited=”on|desktop” _builder_version=”4.17.3″ _module_preset=”default” custom_button=”on” button_text_color=”#005fcc” button_bg_color=”#FFFFFF” button_border_width=”0px” button_border_radius=”5px” button_font=”Montserrat|800||on|||||” button_icon=”<||divi||400″ button_icon_placement=”left” button_on_hover=”off” hover_enabled=”0″ box_shadow_style=”preset4″ global_colors_info=”{}” button_bg_color__hover=”#FFFFFF” button_bg_color__hover_enabled=”on|desktop” 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custom_padding=”23px||23px||true|false” link_option_url=”#section-2″ text_font_size_tablet=”32px” text_font_size_phone=”24px” text_font_size_last_edited=”on|desktop” text_line_height_tablet=”1em” text_line_height_phone=”” text_line_height_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|phone” text_text_shadow_style=”preset2″ border_radii=”on|5px|5px|5px|5px” global_colors_info=”{}”]

VIDEO TRANSCRIPT

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Step 1 Wrap Up

One of the most important parts to establishing your business credibility is making sure ALL your business records list the same business information.

Lenders verify these details during the underwriting process. Mismatched records are one of the most common reasons a fundable deal is declined.

To move forward, please verify the following business records:

Secretary of State Entity Filing
Business License
EIN#
Business Bank Account
Merchant Account
Current Business Credit Accounts
411 Listing
Website
ALL business records should list 100% correct business information

Any business creditors that list incorrect information should be updated.

It’s a simple key to success.

Verify all your business records today.

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