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August 19, 2008

Unsecured business lines of credit - up to $200K

In order to grow you business, or even start up your business using credit, you may have found you were expected to have a corporation aged for two or more years.

I've found a company that provides a solution: they supply established, aged corporations that are free of any taxes, judgments or other liabilities.

The service includes all necessary procedures to transfer the corporation into your name as well as assigning a designated registered agent. 

They provide:

  • all necessary corporate documents,
  • articles of incorporation,
    corporate resolutions and minutes.
  • and a free year of registered agent service.

As part of an aged shelf corporation purchase, you may draft and file any name change, amendments or annual statements at no additional cost (State filing fees will apply) so you aren't stuck with Ajax Plumbing as your corporation.

Finally, you will receive a report showing that the company you purchased is free of liens and you can now move on to start building your corporate credit.

Just like personal credit, business credit has a score, often referred to as a "Paydex" score issued by Dunn and Bradstreet (D&B).  A perfect Paydex rating is 80 or higher. 

If you are considering bank financing for a business, you will need to have an established Paydex score as well as good personal credit. 

With this Corporate Acquisition program, you get help building a perfect Paydex score for your new corporation before submitting loan applications to anyone. Improves your chances for approval greatly.

Once your established corporation is "bank ready" they will develop corporate credit for you thru their networks of banks.   

It isn't free, or even cheap . . . however, you can finance the majority cost if your personal scores are 680 or higher.

The "flow" is in the graphic below:

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