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Business Credit Cards with EIN Only… Part 2

Business Credit Cards with EIN Only… Part 2


All right then. Welcome back to part two
of how to acquire business credit cards with your EIN only. Okay and my name
again is Sonja and like I said in my first video I am a business loan
consultant okay with SCH Capital Group. We help business owners struggling to
get approved for funding get approved. If you want any information on that you can
visit our website at www.SCHCapitalGroup.website. Okay now, we help business owners get
approved for alternative business funding, okay. That means it doesn’t
necessarily go off of your credit and you won’t have to wait six months, three
months, a year or anything like that to get approval. You’ll get your approval
within 24 hours nine times out of ten and your funding nine times out of ten
but within 72 hours so again for more information you can visit our website at
www.SCHCapitalGroup.website or give us a call at 1-888-406-5785 for a consultation. Okay first I’d like to say that if you didn’t watch the first video then you
need to go back and watch that first because you need to know all of these
steps in order to apply and establish business credit. Okay, in the
first video we went over corporate entities, your legal business name and
your EIN which is your tax ID or your
employer identification number. Now I’m trying to keep these videos as short as
possible so that I don’t lose your attention. I know how short the human
attention span is trust me mine is like 20 seconds. I can pay attention for like
20 seconds then you’ve lost me. Okay, that’s why I’m breaking these videos up.
I say you don’t have to watch them all at once you can come back to them
whenever you’re ready to keep going. Now that that said, let’s get back to it.
Alright so now that we went over the topics of the last video let’s get back
to business, and speaking of which. Business is the next topic and again we
are on business credit cards with ein only how to build business credit part 2
Alright and in your business you’re going to need a deliverable physical
address okay it can’t be a p.o box or a UPS box or anything like that and only
use a home address as a last resort all right if your business doesn’t have a
deliverable physical address and you can choose the virtual office okay and now
we’re on to virtual office options there are different types of virtual office
options that you can choose from first one is mailing solution all right that’s
where you receive mail and packages that your dedicated business address the
second one is boss a small business solution that’s a professional business
address dedicated phone and fax numbers receptionist services and part-time use
of fully furnished offices and meeting rooms and your third one is your pretty
much full-time virtual office that’s where you get your full-time private
office with receptionist services dedicated phone fax and internet
services full furnishings meeting rooms and more now which are virtual offices
I’m gonna go ahead and recommend some I don’t know if it’s gonna be underneath
this video or if I’m gonna send you to a link to my website to get the services
there’s a few that you can choose from I know of a few that I can recommend they
range anywhere from around $50 a month to it could be different ones it really
depends on where you go so uh it could be a couple hundred dollars a month
depending on what you’re looking for and who you’re dealing with so I’m gonna go
ahead and recommend some of those services it’ll probably be underneath
the video video or I’ll have a link to a website that has all the information
from these slides on there okay so on to the business phone alright if you want
to obtain business credit for your business then you need a business phone
number phone numbers should be a toll your phone number should be a toll-free
number if it’s not a local business. Okay if it’s a local business
then you know of course you can get a regular local number but if it’s not
then it needs to have a toll-free number in order for them to look at
you as a credible business. Alright there also needs to be a fax number okay
and later on I’m going to show you where you can get your phone number and fax
number all right your phone also needs to be listed with 400 and I think I
mentioned this before your phone number needs to be listed with 401 directory
under the business name and as I stated before all this all your information
that you give to these people I’m going to stress this all the information that
you give to these people need to be the same exact information that you give to
the next person. Okay all these little steps are there to ensure that your business looks credible to providers and and vendors. Even insurance providers will verify that you list it with 401 directory assistance. alright
so next step is to make sure that you have the proper licensing for your
business. The proper licensing ,alright.
You want to make sure that you have it and all of your licenses have the same
address on them. Like I said before I’m gonna stress this. You need to make sure
all your information is the same on all of your paperwork with all the agencies
that you’re going to be dealing with. Contact your state county and city
government offices to see if there are any required licenses or permits that
you need to obtain in order for your business to operate legally. Make sure
you do that. I don’t know how much to stress that you need to make sure that
you are operating legally or creditors will not take you seriously. They’re just
gonna think you’re just somebody trying to pull a scam. You need to make sure
you’re operating legally not only because of that but because you need to be legal, okay. A good business credit report and score are essential for getting
business credit. aAgood business credit score can save you money with lower
interest rates, provide business credit without the need for a personal
guarantee and improve the overall image of your company. Business credit scores
can range anywhere from one to a hundred. The higher the score the less the credit
risk a personal or business is. Alright and you want to get a copy of
your business credit report to see what’s on it then you can obtain the
copy of your business credit report at Experian Equifax and dun & bradstreet.
You can get a smart business report for 39.95 @ww.smart
businessreports.com and this will allow you to see if you have a business
credit score at all, okay. It’ll tell you if you have one assigned or not if you
don’t have one signed then nothing will pull up okay and you can see if you have
an active experienced business profile and check on the inquiries. Alright you
can also check get get your credit report at Equifax which you will get it
at Equifax.com The link is right there I’m not gonna go through all that it’s a lot
I’m gonna also post it either in our blog or under this video but you know I
wouldn’t really waste my time with Equifax because a lot of vendors don’t
even report to them. Okay and now we’re on to your Duns number from dun &
bradstreet and DUNS stands for that of Universal
numbering system okay but what is done in Bradstreet and what the heck is a
Duns number, right? We know what it stands for not but what is it? D & B
is a company that provides commercial data analytics and insights for
businesses. A Duns number is the data Universal numbering system,
like I said. Okay it’s a nine digit identifier
for your business it’s the number that dun & bradstreet use to
identify your business. It’s the way that the government knows that you exist.
Alright obtaining the Duns number begins the process of building your
business credit profile with them okay and creditors are gonna look for
your Duns number. Obtaining your Duns number we’re also playing an important
role in enabling your business to borrow without collateral or a personal
guarantor and you’ll also qualify for a larger credit limit with okay cost
anywhere between two hundred and ninety nine to seven hundred ninety nine
dollars ten one but that’s only if you want it within the same business day if
you’re in a hurry and you can’t wait and you just need it now it’s gonna cost you
between that much but if you want one for free then you may have to wait a few
days but you can do that by going to www.dnb.com and just filling out the
application and applying for one, okay. And that concludes this video and I will
see you guys on part 3. Thank you guys for watching again my name is Sonja I’m
with SCH Capital Group okay our website is www.SCHCapitalGroup.website Like I said, you can visit us at www.SCHCapitalGroup.website. Guys thanks for watching see you in the
next video.

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