File from broker.

Feb sales $12k
March sales $12K
April sales $4K
Mostly additional revenue in business bank account are online transfers from saving account.
Good Fico
No debt

Got him a couple of business credit card at $69,000

0% interest for a year

The rates people get depend on what the lender gives them specifically, but they start with 0% rates for 6-12 months and then adjust to 9-19% APR or so after that.

Need a 700+ Fico

This product is available from Midwest Corporate Credit.

Broker commission is 2.5% and continues on renewals.

This one paid $1,500 and it was a hand off to lender.

Business Credit Cards (BCCs)

Most popular product. Up to $150,000 in 30-60 days for brand new startup companies.
Larger amounts are available for more established companies with strong revenues.

- These Lines of Credit Do Not Report To Personal Credit as long as accounts are in good
standing. We’ve compiled a list of lenders that will not report the client’s accounts to the
client’s personal credit report. Clients keep their business and personal credit separate.

- Visa/MC Corporate Credit Cards - Funds come in the form of business Visa/MC credit
cards in the company name. These cards are non-vendor specific; i.e. The cards will NOT be
cards that can only used with certain stores, like a Macy’s, Staples, or Home Depot card.

- 0% Intro Rates on Purchases and/or Balance Transfers for the first 6-12 months on
most, if not all the cards. We can avoid lenders that do not offer 0% intro rates, if desired.

- Rates typically 9.99%-19.99% or so on Purchases after the Introductory 0% Period.
Rates vary based on strength of the guarantor’s personal credit profile.

- Possible additional promotional rates in the future. We can teach people how to use accounts
strategically, so that after the initial 0% rates expire, they can increase their chances of
getting additional promotional rates in the future. Some past clients consistently get 0% on
Balance Transfers for 12- 18 months, with just a one time 2-4% balance transfer fee.

- Pre-revenue and startup companies can apply and receive these cards also, as well as
established companies, of course. Biggest factor for approval is strength of personal credit.
- No collateral required - Clients don’t have to tie up personal assets to obtain financing.

- Revolving Accounts - Lines of Credit can stay open for the life of the business.
- Up to $100,000 in Business Credit Cards for business entities less than 2 years old.

- Up to $150,000 in Business Credit Cards if the business is 2+ years old w/ good revenues.

- Accounts typically report to client’s business credit profile every month, which will help
the company be more likely to get higher approval amounts and better terms on other Cards,
Loans, and Lines of Credit in the future. Usually Corporate Experian or Commercial Equifax.

- Lender provides the client a Fast, no-cost Funding Estimate usually available within one
business day. Clients need to submit a one page pre-qualification form and a three bureau
personal credit report. This way they have a reasonable expectation of approval amounts.
Business Credit Card Features and Benefits, continued

- Most clients receive one or more ‘Instant Approvals’, where a lender approves their application
in 48 hours and sends out the cards right away. In this case, the client can receive
30-50% of the total funding they are going to receive within about two weeks.

- Clients typically receive all cards in as few as 15 days, nearly always within 30 days.

- Balance Transfer Checks - Clients who use their accounts properly for the first 6 months or
so may be offered Balance Transfer Checks by the lenders. They can use these checks to
make a deposit right into a business checking account, allowing them to be completely liquid.

- Credit Limit Increases available after properly servicing the accounts for a few months.
Past clients have doubled and tripled their limits on some cards within 15-18 months, with
some people building up to $50,000 to $100,000 per card. Clients must request increases.

- This provider has over one hundred relationships with national, regional and local commercial
bankers, underwriters, and investors. Our relationships with these lenders help to ensure that
our get clients the highest approvals and best rates available, specific to their situation.
Some Potential Uses:

- Cash Flow Management Tool - Helps a new business owner keep his cash on hand for things
like payroll, while they can use the cards for other things that they can pay with CC for, like:
- Save money over other lending product by using 0% promotional offers on Balance Transfers
- Buying product/stocking the shelves
- Launch Marketing Campaign/Advertising/Branding
- Upgrade business systems/infrastructure
- Upgrade storefront
- Operating Capital
- Real Estate Investors can use the funds to purchase materials for a rehab project
- Balance Transfer Checks can be used to turn the Credit into Cash, which can then be used
for down payment or purchase of equipment or property, or for any other cash transaction.
Requirements for Business Credit Card Applicants