JumpUp Forums: Startup Funding

 
 

Topic: Funding

 
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mrstevens
05.03.2008, 7:29pm
I'm a little lost when companies ask for money when your applying for funding for a new start up company. I have two online companies http://www.omelcourtesycasting.com & http://www.yourindustryconnections.tv. I always thought your personal credit and business credit are suppose to be different (I thought)? My credit isn't that good, but since my business is making money how can I get funding with out using my personal credit? or how can I find an investor?

Thanks,

Chico
 
 
timshaz
05.03.2008, 8:33pm
Chico,

The very best advise that I can give you is to get in touch with a company called Business Credit Services (BCS) They've been around for almost a decade and specialize in helping establish your business line of credit...
If you do give them a call ask for a guy named John, he's the one that helped me...He's knows his stuff and speaks in plain English and came across as very genuine and real...

Below I copied an email by the founder David Gass, that I recently received and thought it worth passing on to you...

Once you've got a few business credit lines, and
you're making payments on time, you'll probably assume that you're
building good credit. Most people do.

But years from now, you may find that your company is right
where it started -- with zero credit. There are three reasons
why:

1) Not all vendors report on-time payments to the business
credit bureaus.

2) Some only report late payments.

3) Credit lines you applied for with your social security number
are only reported to the *personal* credit bureaus.

So if you choose the wrong vendors, you could spin your wheels
indefinitely. And if you ever miss a payment, that could be the
only thing that gets reported.

---------------------------------------------------------------
Instant $5,000 credit line - and positive reporting to the
business credit bureaus
---------------------------------------------------------------

That's why I'm pleased to tell you about the $5,000 credit line
you'll receive when you enroll in our Capital Access Program.

This credit line comes from one of our premier Tier One vendors.
And everyone is approved.

We use this vendor ourselves, and recommend them for web design,
web marketing, graphic design, and printing. But here's the best
part:

They'll report all of your on-time payments to the business
credit bureaus. This will really help establish your company's
credit worthiness, so you can move up to larger credit lines
from more discriminating vendors.

However, because this is a relatively small vendor, there's a
limit to how much credit they can offer. They give priority to
our Capital Access program clients, and they're close to
capacity for this month, so act now. Otherwise, you'll be a
whole month behind.

Why enroll in our Capital Access Program? We're the experts on
building positive credit for your company. That's why 11,217
small business owners have outsourced the job to us.

We *guarantee* that you'll have at least $100,000 of business
credit, or a minimum of 15 trade accounts, by the end of 12
months.

Otherwise, we continue our work for another six months - free of
charge. And if we still fall short of our guarantee, we'll
refund our fee in full. Of course, you keep all of the accounts
we do obtain for you. That's a guaranteed gain, no matter what
the outcome!

-----------------------------
What's the first step?
-----------------------------

Call us for a free Business Credit Assessment, and get a
"reality check" on what your company's credit profile looks like
today.

You'll discover the red flags on your profile, so you can clear
them up *before* they scare vendors and lenders away... before
your company is placed on the "HIGH RISK" or "NO CREDIT" list.

It only takes 15 minutes, but our recommendations will
dramatically improve your chances of gaining credit approvals.
That's why we normally charge $199.95 for this service.

For a limited time, we're offering it with no cost or
obligation. So call us right now at 1-866-254-6076 with this
code: SR2294.
 
 
mrstevens
05.04.2008, 7:47am
Thank you very much I will check. Do you have any suggestions on private investors? Were new to all this. We've been meeting with potential investors, but I look at it this way...all money isn't good money.
 
 
timshaz
05.06.2008, 10:49pm
Check out the book, "Investors in Your Backyard."
 
 
easyeboy
05.27.2008, 3:46pm
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Sincerely,

Eric
 
 
 

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