Corporate Credit Program
The goal of our corporate credit program is to naturally develop a credit profile using the corporate Tax ID number rather than the owner's social security number. This separates our client's personal credit from their business credit. Developing a credit image for your business conserves cash and building a corporate credit profile can keep your company out of "no credit / high risk" and "high interest" categories, saving you money.
Our business credit program will establish your credit identity with multiple reporting agencies. This allows for more and more credit to be achieved as your enterprise grows. We position your business for leases and other items that you need. All of this reduces / eliminates the need for you, the business owner, to leverage your personal credit to run your business. |
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Each corporate credit program is put together so that business accounts can be established without personal guarantees, whereby you can obtain vehicle leases, credit lines and/or loans under your corporate Tax ID number.
Current Credit Programs
Starting out with our corporate credit profile program where you will be provided all of the tools and assistance with creating a credit profile for your business. We have a listof companies that is comprised of businesses who understand our credit program and want to grant credit to our customers since they already know that you are investing in professional credit assistance for your business. As the leader in small business credit and business credit programs, Credit Management Incorporated can open this up to you, our valued customer.
Program Summary
The first step in building corporate credit with our program is to check business compliance. This all depends on what type of business you operate and where it is. These are Federal, State as well as local compliance requirements.
Secondly, requirements that the credit bureaus have will be checked for you. Another checklist that depends on several factors related to your business. This is done for at least 6 credit bureaus, please see the list below of some of the agencies we work with.
- D&B™
- BusinessCreditUSA™
- Equifax™
- Experian Business™
- ClientChecker™
- FDInsight™
Once you have completed your government and credit bureau compliance checks, ypu can start to list your business with the credit bureaus, which then starts the establishment of your new credit profile – separating your personal credit from your business. Being listed with the credit bureaus can take some businesses years and even those that have been around for a long time may still not be listed with any of the major business credit bureaus.
Once the credit bureaus know who you are, your credit profile can be developed. This starts by getting credit. We will work with you, in our database of thousands of companies who are willing to extend credit to your business. From furniture leases, retail credit cards, lines of credit with suppliers and service vendors to small business loans, you WILL receive credit from some of these companies, who then report to the credit bureaus.
The duration you have been in business is one of the primary factors here. However, we can build business credit on a newly formed company. If you've been a sole proprietorship for 3 years and just incorporated, or haven't incorporated, the credit building program can work for you, however there are additional benefits that you should know about if you haven't yet incorporated. Most banks will scrutinize or deny newly formed entities without a corporate credit profile. We also do not guarantee that an aged company will be interpreted by the credit bureau to have the same age as the filing date. Sometimes the credit bureau will report the age of the company as the new ownership date, the reinstatement date of the revival date. When working with banks and seeking large lines of credit or loans, a business plan will be necessary, banks almost always need your business plan.
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