Sunday, May 17, 2009

Business Credit if you have Bad Credit

(My Original Blog Post: http://www.minnesotainvestors.com/blog/business-credit-bad-credit/)
Currently we are looking for alternative lenders for this program due to the high volume on the current lender and the overflow of applications.   There is success is funding good 680+ credit score transactions, as of Feb. 27, 2009.

To get business credit call Ron Orr, Jr. 763-300-1648

or email me, ron@minnesotainvestors.com

Not based on credit score
No Personal Guarantee on shelf corp program
7.99%-14% APR  (subject to change, first few have been done at 7.99%)
Credit Limit minus Points Fee = net credit left

1. Receive your Articles of Incorporation and charter
a. (You must fax the Charter to: 818-449-0828. Immediately upon receipt or it will Delay the process.)
2. Submitted to Banks for Funding
3. Corporate Package and Funds are sent via mail directly from bank to Business Funding Group address
4. A closing will be scheduled for final funding
5. During closing meeting, final payments will be initiated
6. Upon confirmation of payments, the corporate package will be released to client.  Payments may take approx 3-7 business days to clear.

There will be a few other important factors such as being able to be listed in 411 directory, having a physical address, that's NEVER EVER been used to apply for credit through PAYDEX or business credit before.  Also you should have a business phone, address, etc. This money is for business/investment use.  Call about more details to keep this streamlined.  The following is a list of the fees/points and cost to get this money. Money upfront is required to be able to qualify for buying the aged corp, but we have that part figured out also with the help of other investors who will need to be payed, please ask about the details.  We have made this program very easy, and want to help real business become successful with access to cash.

At this time it is not credit score based, and most everyone qualifies, and the money has no personal guarantee, and doesn't show up on your personal credit report, this money just like any loan needs to be paid back. Of course the fees above will need to be taken out of the money before it's wired to you.  Also keep in mind that those with 680+ credit scores can apply for business credit with much cheaper fees, and also you are allowed to put more money down upfront for this shelf corporation to pay even less fees. This is for the shelf corporation also known as an aged corporation. Contact: ron@minnesotainvestors.com

www.RonOrr.com

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