Secure Versus Unsecure Funding

Secured or Unsecured, that is the question Our funding suite offers over 30 core funding products. Some of them are secured, and some are unsecured. Due to our vast array of funding products our clients commonly ask which is better for them, secured or unsecured funding. Secured funding is easier to be approved for. Even if you have credit issues, you can still obtain many types of secured funding. This is because secured funding is using something as collateral for the funding you are receiving. When you own business there are many business assets you can use as collateral to obtain funding. Equipment financing for example leverages your

equipment as collateral for the debt. Purchase order financing uses your purchase orders as collateral, while account receivable factoring uses your receivables as collateral. You can also use real estate, revenue, and other business assets to qualify for specialized funding vehicles to help you get money fast. And since these financing options are using an element of your business as security, your personal or business credit doesn’t have to be great to qualify. If you do have good credit with a score of 650 or higher, then you should qualify for unsecured funding options also. Unsecured funding is where the bank will lend you money or approve you for a credit line with no security required. This means you will not need to leverage any aspect of your business as collateral. The lender will base the lending decision on the quality of your personal or business credit profile. Either your personal or business credit profiles can be used to get you approved. With even a 650 personal credit score or higher you can qualify for these kinds of unsecured funding options. And with a good business credit profile built you can also qualify for large amounts of business funding. Through our business funding suite you have access to credit lines up to $150,000 that are unsecured and require NO financials to qualify. You also have access to credit lines up to $250,000 if you do want to supply financials. These are unsecured credit lines using no business assets as collateral to qualify. Interest rates on unsecured debts are obviously higher than secured debts as the lender’s risk is higher. Still, you can obtain good working capital loans and credit lines at very reasonable interest rates and payments. Whether you are interested in secured, or unsecured funding we have the answer for you. 

Contact me today to learn more about all the

funding you qualify for now.

Dynamax Business Credit

Establishing Business Credit

Let’s start by talking about your business credit score. Business credit scores range on a scale from 0 to 100 with 75 or more considered an excellent rating. Personal credit scores, on the other hand, range from 300 to 850 with a score of 680 or high considered excellent. It’s important to note that there are many factors that affect a credit score; it’s based on more than just whether you pay your bills on time. Your score can be affected by the amount of available credit you have on bank lines of credit and credit cards, the length of time you've had a credit profile, the number of inquiries made on your credit profile and more. The mistake many business owners make is using their personal information to apply for business credit, leases and loans. By doing so, they risk having a lower personal credit score.

Call me today to be approved in over $50,000 in

business credit with no personal guaranty or credit

check.

Dynamax Business Credit

Wow, great information for business owners directly from Entrepreneur.com…

The following article comes directly from www.entrepreneur.com and contains some very valuable information regarding business credit. As an entrepreneur, did you know you have a unique opportunity to build, maintain and acquire credit both individually and as a business owner? That’s good news if you’re trying to build and grow a company because you won’t have to rely solely on your personal credit to do that. As a member of the business credit industry, it’s been my experience that fewer than 10 percent of all entrepreneurs know about or truly understand how business credit is established and tracked-and how it affects their lives and businesses. So let’s first take a look at how personal credit differs from business credit. Then we’ll discuss some steps you can take to build your business credit. At the point an individual with a social security number accepts their first job or applies for their first credit card, a credit profile is started with the personal credit reporting agencies. This profile, otherwise known as a credit report, is added to with every credit inquiry, credit application submitted, change of address and job change. The information is typically reported to the credit bureaus by those who are issuing credit. Eventually, the credit report becomes a statement of an individual’s ability to pay back a debt. In some cases, the same is true for businesses. When a business issues another business credit, it’s referred to as trade credit. Trade, or business, credit is the single largest source of lending in the world. Information about trade credit transactions is

gathered by the business credit bureaus to create your business credit report using your business name, address and federal tax identification number (FIN), also known as an employer identification number (EIN), which you get from the IRS. The business credit bureaus use this compiled data to generate a report about your company’s business credit transactions. In many cases, those issuing credit to you will rely on your business credit report to determine if they want to grant you credit and how much credit they’ll give. The major business credit bureaus that compile and provide copies of the reports are:

• Dun& Bradstreet

• Experian Business

• Equifax Business

• Business Credit USA

Unfortunately, because the information provided to the business credit bureaus is sent in voluntarily-- no business is required to send it in--the credit bureaus may never receive all or even any information about your business credit transactions. In fact, you could go for years racking up business credit without any of it being reported to the credit bureaus.

Dynamax Business Credit

Merchant Cash Advances

You can get money for your business quickly by borrowing against your future credit card sales. This type of financing is known as Merchant Cash Advances. These loans use your past and current credit card history to determine how much financing you can be approved for. Money is advanced to you based on how much you process each month in credit card transactions. Then a small portion of each future credit card sale goes towards paying back the merchant advance loan not interfering with your cash and check receipts. There are no fixed repayment amounts or terms which gives flexibility to your business if you are having a slow month. One of the best benefits of merchant advances is you can receive money in your bank account as soon as 24 hours after approval. Another great benefit of merchant loans is you don’t have to have good credit to qualify. These loans leverage your positive credit card processing history to get you approved, not your credit scores. There are some credit score restrictions, but in most cases you can be approved with even below average personal credit scores. And there is no personal guarantee required and no collateral is needed. Merchant loans can be obtained up to $150,000. How much you will be approved for will be determined based on how much you process in credit card transactions each month. Every business has its strengths and weaknesses. If you use credit cards as a payment source for your clients, a merchant advance can be the perfect way

for you to obtain a lot of money in a short period

of time. These loans are available for businesses that process as low as $3,500 monthly in credit card transactions. And the higher you do process the higher advance loan you will be approved for. There are no application fees and no out-of-pocket costs. And you can use the funds for payroll, marketing, increase business inventory, pay taxes, pay rent, advertising, order supplies and equipment, expand your business and open an additional location, or use the funds for working capital. Merchant Advance Loans are a great source of capital for your business and is 1 of over 30 core funding products available with me. 

Your money is waiting, contact me directly so we can get you access to your own funding suite and start putting $$$ in your pocket today.

Dynamax Business Credit

Equipment Financing

You can easily secure the equipment you need for your business. One of the best and smartest ways to obtain the equipment you need is by using Equipment Financing. You can deduct the interest you pay on the lease and you won’t need a large down payment to be approved. This is one of the reasons over 80% of U.S. businesses use equipment lease financing to acquire equipment for their businesses. Using Equipment Financing you can improve your business cash flow and increase capital. You can keep your normal cash flow, leave your money in the bank, avoid major out-of-pocket

expenses incurred by purchasing the equipment up-front, and benefit from multiple tax advantages. Equipment Leasing is one of the most common types of equipment financing available today. When leasing equipment you will find most leasing options offer you fixed-rate financing. This means your interest rate and payments will stay the same from month-to-month during the term of your lease. Whether you need office equipment or large commercial equipment used for manufacturing, Equipment Financing is a perfect option for you and your business. Equipment financing can also be used if you are starting a new business which needs equipment to operate. There is typically no down payment required on equipment leasing loans. The lender will collect 1-2 of your monthly payments upon approval. This amount of money required is usually equal to 3-7% of the total equipment cost. You will have low monthly payments available. And your payments can be tailored to fit your company’s individual needs. You can also include taxes and other charges such as installation charges into your new equipment lease. Equipment loans are perfect for any business owner looking to purchase equipment. The most aggressive equipment loan and lease lenders are available for you through our business funding suite.

Your money is waiting, contact me directly so we can get you access to your own funding suite and start putting $$$ in your pocket today.

Dynamax Business Credit

Do you have a Paydex Score?

You probably have personal credit scores established, and you are probably familiar with your scores at Equifax, Experian, and Trans Union. But do you have a Paydex business credit score yet? The main credit score used in the business world is known as a Paydex score provided by Dun and Bradstreet. This number assess a business’s lending risk much the same as a consumer credit score reflects a consumer’s individual credit risk. The exact definition from Dunn & Bradstreet, or D&B is: The D&B PAYDEX® Score is D&B’s unique dollar-weighted numerical indicator of how a firm paid its bills over the past year, based on trade experiences reported to D&B by various vendors. There are many BIG differences from a business Paydex credit score and an individual FICO credit

score.

The Paydex Score ranges from 0-100 with 100 being the highest  score you can obtain. Having a Paydex business score of 80 or higher is very good, as scores below 70 are very bad. Individual credit scores are calculated based on a number of factors. The Paydex score is calculated based on only one single factor; whether a business makes prompt payments to its suppliers and creditors within the agreed upon terms of payment.

For example, prompt payments will produce a Paydex score of 80. A 70 score reflects paying 15 days behind, 60 score is 22 days behind, a 30 score reflects paying 90 days behind, and a 20 Paydex reflects paying bills 120 days late. If you own a business, your Paydex score is essential in establishing new credit and continuing to build credit limits exceeding $100,000. Call me on my number below to start the process of establishing your Paydex score and getting approved for $50,000 in business credit this year with no personal guarantee and regardless of your personal credit quality.

Dynamax Business Credit

Your business IS your credit

Most business owners have very high expectations for their businesses. But with stringent banking standards, capital is hard to come by to help them meet those expectations. As a result many business owners put their personal credit, funds, and guarantee on the line to try to finance their vision and dream.

I am writing you this article to tell you that you can get all the money and capital you need without your personal guarantee, personal funds, or your personal credit. Let your business finance your business. I can assist you with building your business credit profile. Over the next few months you will have access to real usable credit in your business’s name. This revolving credit can quickly grow to $50,000 or higher within the first 6 months. Many of our clients are then approved for between $100,000- $250,000 in real usable credit within a couple years. This type of credit is known as business credit and requires no personal guarantee. There is also no personal credit check whatsoever. So even if you have horrible credit, you will still qualify for $50,000 or more in business credit. If you don’t currently own a business, I can help you get one started. If you do currently own a business you might qualify for even more credit depending on how many months you have been open. You have just been let in on the best kept secrets in business. You CAN finance your business dreams and vision using only your business to qualify, not your personal credit or guarantee.

Call me today to be on your way to $50,000 in

business credit approvals.

Dynamax Business Credit