Business Credit

Get a business loan now.

Building Credibility in Business.

We’ll teach you the secrets as well as the underwriting requirements of credit issuers and lenders to help you understand that you can actually get approval before you even make your application.

We’ll help you with all the filings you need to avoid personal liability, structure your business address in a way that meets the standard set by credit issuers in other to get automated approvals, obtain your fax, business phone and a toll-free number that actually meets the 5 qualification requirements set by lenders. We’ll also help you set up your website, and email address and ensure that you have all the online listings and licenses required by credit issuers and lenders, while helping you avoid those restricted business names in the industry that can get you red flagged, denying you financing and credit.

OITB can be used to decode lender and credit issuer approval requirements, and help you get automated approval whenever you’re applying for credit without experiencing rejection or going through the stress of manually underwriting reviews. We can achieve this by providing you with these unique benefits as you embark on your credit building journey.

Credit Listing.

Entity and EIN setup assistance
Credibility check for business names
Credibility check for business address
Credibility check for business phones
Credibility check for emails and websites
Setup assistance for business bank accounts

We’ll help you setup a credible business in other to get the requisite financing and credit for your business.

Every company has a business credit score

Just like personal credit scores, business credit scores also measure an entity’s creditworthiness – and in this case, it is your business. This is why your business needs to be in top shape because vendors, customers, lenders and everybody else can actually see it. Unlike personal credit scores, business credit scores are actually available for public viewing – and is often the deciding factor when lenders are considering you for financing.

Number of years in business
Number of credit lines you applied for within the last 9 months
Number of credit lines you opened in the last 6 months
Payment history for the last 12 months
Amount of late payments

Bad personal credit is the major reason why traditional lenders avoid giving money to a lot of small business owners. A strong credit score will give you better terms and rates on small business financing and loans. And that’s just the tip of the iceberg. A good business score will give you the needed safety net for your business if it ever hits hard times by simplifying the process of getting lines of credit or emergency loans. In addition, suppliers and vendors are more inclined to transact business when you have a solid business credit.

Building better credit?

Here are a few steps to building better credit.

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Use a separate account for your business expenses.

This way, you can keep your personal and business finances separate - which is actually the best way to ensure that your personal assets are protected from possible business liabilities. For example, if someone is suing your business, your business assets will be the only ones affected, provided you’ve separated your business finance from your personal finance.

Avoid commingling your personal expenditures with business funds. In essence, don’t use your business credit card to purchase personal gifts because it might end up negating some of the benefits that come with separating those accounts if there’s ever a legal battle.

Make timely payments Initiate auto-pay. There is usually an option of deducting the owed amount automatically from any bank account you want for most recurring bills. Take advantage of bill-pay reminders. Program your bills into your phone’s calendar or use Quicken or Microsoft Money and other similar software to set reminders.

Open your own business credit card.

Once you master the art of making early payments, you’re definitely ready to assume control of your business credit. With a business credit card, you can easily switch regular cash purchases to card. Putting your expenses on your card and offsetting the debt using the money already in your possession, will help your credit build faster.

Fix your credit.

Crosscheck your credit data with the three bureaus. Look for possible mistakes such as unreported payments or payments that never went through. Send evidence of any required correction to the credit bureau.

You can also handle all your outstanding debts and inculcate the habit of making early payments. This might not be so easy, especially if you’re really behind, but it is better to do it now than to remain indebted.

Business Cards.

Lastly, business credit cards, business lines of credit and equipment loans, are all great for boosting credit scores. You’ll definitely have to do some smart financial planning, however if you can find a way to manage your payments, nothing will stop your credit score from rising.

Enjoy our simple and fast process.

Receive a decision in 24 hours and funding as soon as 1 – 2 business days

Mission

We are here to give business owners the opportunity to get the most money at the lowest rates with the best terms.