Currently we are looking for alternative lenders for this program due to the high volume on the current lender and the overflow of applications.   There is success is funding good 680+ credit score transactions, as of Feb. 27, 2009.

To get business credit call Ron Orr, Jr. 763-300-1648

or email me, ron@minnesotainvestors.com

Not based on credit score
No Personal Guarantee on shelf corp program
7.99%-14% APR  (subject to change, first few have been done at 7.99%)
Credit Limit minus Points Fee = net credit left

1. Receive your Articles of Incorporation and charter
a. (You must fax the Charter to: 818-449-0828. Immediately upon receipt or it will Delay the process.)
2. Submitted to Banks for Funding
3. Corporate Package and Funds are sent via mail directly from bank to Business Funding Group address
4. A closing will be scheduled for final funding
5. During closing meeting, final payments will be initiated
6. Upon confirmation of payments, the corporate package will be released to client.  Payments may take approx 3-7 business days to clear.

There will be a few other important factors such as being able to be listed in 411 directory, having a physical address, that’s NEVER EVER been used to apply for credit through PAYDEX or business credit before.  Also you should have a business phone, address, etc. This money is for business/investment use.  Call about more details to keep this streamlined.  The following is a list of the fees/points and cost to get this money. Money upfront is required to be able to qualify for buying the aged corp, but we have that part figured out also with the help of other investors who will need to be payed, please ask about the details.  We have made this program very easy, and want to help real business become successful with access to cash.

At this time it is not credit score based, and most everyone qualifies, and the money has no personal guarantee, and doesn’t show up on your personal credit report, this money just like any loan needs to be paid back. Of course the fees above will need to be taken out of the money before it’s wired to you.  Also keep in mind that those with 680+ credit scores can apply for business credit with much cheaper fees, and also you are allowed to put more money down upfront for this shelf corporation to pay even less fees. This is for the shelf corporation also known as an aged corporation. Contact: ron@minnesotainvestors.com

www.RonOrr.com

UNSECURED BUSINESS LINES OF CREDIT

Tom Kish is the founder of CashFlowExperts.Biz Inc. Tom has been a friend of mine for many years, since 2002, and I have had the pleasure of going out and looking at real estate with him, and well as playing cashflow 101 at his kitchen table with friends.  He is a great guy, very nice, a hard work ethic, and really enjoys seeing others success.  One day you could meet him also at one of his seminars.
Tom Kish wants to show you how to get a $200,000 to $300,000 business line of credit. And check this out Tom claims it won’t show up on your personal credit report.  Tom is known for helping those with decent credit or those that know someone with a decent credit through an LLC to get unsecured new, start up, or small business lines of credit.  Throughout this article I hope to answer the often asked question by many of you out there on what is a business line of credit.  The trick is to know which lenders will provide this business line of credit and what they see as a strong business credit profile.  Some of the tricks in the past have been known to be stated income business line of credit. Tom stays up to date on the latest lenders and tricks to get the most out of this business niche.  Tom’s program (as seen in the photo above) is named “Ultimate Real Estate Investor’s Guide: How to create wealth without using your own cash“.

In the past you have probably researched how to find secured lines of credit. But why would you do “secured” when he can teach you how to obtain business credit.  Tom can’t yet, show you how to get a million dollar line of credit, but Tom is already almost 1/3 of the way there with his very own nationwide system for $200,000-$300,000, he created for how to get the best bank loans when you apply for a business line of credit through an application to get an account.  Tom has been involved in this business credit niche for many years, and is a leading expert on the speaker circuit. Tom wants to show you his easy step-by-step system.

Tom does have a trademarked system that he would like to show your bussines how to get express business lines of credit. Tom calls this system his  shortcut to success. Not only can he have you learn how to get a business credit card, and learn how to compare what’s best for you. If you don’t have prime credit, but instead have bad credit you may want to find someone to partner with, that has good credit and a corp or LLC, to make this system work!  You may even want to use your credit for the lenders and use it for real estate.   Tom has a lot of follow up systems after you buy, such as tele-seminars, and help calls for his students, so it’s kind of like having your own credit forum to read on for business.  Why would you go to a credit broker when you can just go with Tom’s system.  Tom is offering a guaranteed system, even look on his website, he says so!

Let him tell you which US banks will lend to you on this credit.  Included in his system are audio CD’s and a printed manual.  His website has a lot of testimonials to look at well.  Currently he has a few bonuses also included on his website at this time. These 4 things below are examples of what will be included…

• A complete list of our national lenders that actually want to give you the money. You can use a business name that you have already established or start a new one tomorrow and go get the money immediately. These are all banks every one of my clients and I personally use. This program will teach you exactly how to fill out the paperwork so that the money is handed to you NO QUESTIONS ASKED. You must KNOW which of the six kinds of general business classifications DO NOT qualify for the MAXIMUM credit lines available.
• Easy-to-use Partnership documents as examples of five ways to attract money partners into your new venture. You can quickly become the CEO of your own profitable new business venture when you have the forms and scripts to attract people with money to invest in your ideas and real estate deals.
• A complete collection of pre-printed real estate forms. It takes the pain out of finding the paperwork. All the hard-to-find forms you need are right at your fingertips.
• Access to HUNDREDS of hours of LIVE and recorded telephone training calls. You’ll pick up loads of profitable ideas and tremendously useful information just by listening to our many FREE training calls. We even offer a special call to help you get started quickly. And many hard-to-find HIDDEN real estate deals and business opportunities are revealed just to members on these calls.

Let this program guide you in the right direction to answer questions about other questions on the topics of: credit checks, no doc, credit calculators, interest rates, requirements, and terms. If you don’t find some of these, and other questions answered in this program, Tom is going to have the recorded phone calls and other calls that where he puts his students on the phone on calls, so that he can help his students be successful.  To check out this system and read much more online please go to CashFlowExperts Click Here.

We are helping many people get unsecured business credit. The first step we are asking people to do is to pull their own credit from all 3 credit bureaus Equifax, TransUnion, and Experian.  You will receive 3 credit scores through these 3 companies from data collected. The current plan I am on right now is $14.95/month cancel at anytime and I can pull my credit score every day if I want, and get inquiry notifications every 24 hours. I can tell you that your credit score is unlikely to change every day, but it can change often.  This report is needed to show to our associate who can help you to get your unsecured business lines of credit.  We are working hard to get people $20,000 to $300,000 worth of business lines of credit of 30-180 days depending on how much business credit you want.  There are additional aged shelf corporation options where it will go up to $1,000,000 with just one plan, but the cost at this time is very expensive.  These aged corporations are up to 10-15 years with solid paydex and dun and bradstreet scores.  We also have 2 year aged shelf corporations that aren’t as expensive, possibly around $17,000 out of the first $100,000 available business line, which is cheaper than some alternatives I have seen.  Remember going into the future access to credit and money is huge, it will very important with big retailers going bankrupt by the week, millions of jobs cut, and future uncertainty, this is your chance to get unsecured credit and money.  We prefer to work with people that have over a 680 credit score for this easy business credit, but if your credit score is under 680 credit score, we can have you pay for the aged shelf corporation. Also an associate company that can plugin your truecredit.com account and work on credit repair weekly and monthly to build up that credit score as quickly as possible so we can build up even more unsecured business credit. Of course business credit has some recourse, you need to pay it back. The nice part about the unsecured business lines of credit is it doesn’t show up on your personal credit report.  However if you don’t pay it back, the companies can come to collect from you someday and it could show up as a collection on your personal credit report.  Take advantage of the situation where it doesn’t show up on your credit when you are in good standing, that allows you to borrow a lot of money personally, which is great to use to invest.  At this time the shelf corporations have origination fees of 7-14%, with a 7.99% a common origination amount, this amount is subject to change, so please ask ahead of time when you contact us.  Here is a message from our sales associate we work with.

“My name is Will and I work for BFG, a local company. Specializing in helping clients acquire business credit card lines and business lines of credit and getting it liquid, 100k to 300k and more!
If you or your clients have a 680 or higher credit score we can help get you this unsecured business credit NO Doc No financials needed. Perfect for Buyers to use for Down Payment money ! We also have programs for people with cash and bad credit shelf corps with 100k lines! No Upfront fees programs available!  We also have a program that helps people with high revolving debt (credit cards) if it is preventing them from getting approved. We will do a business to business hard money loan 50k max to pay off credit cards, then we will do a rapid re-score of their credit, then apply for business credit and they pay us back using the  new lines which does not affect their personal scores.  We prefer clients with corps 2 years old but we can work with new business as well as new as 1 day old and we can set-up LLC for client. Please call if you have any questions or if you want to get together to answer questions.”

How the steps work from getting a corporation to applying for $100k:
1. Receive your IRS letter confirmation
2. Receive your Articles of Incorporation and charter. (You must fax the Charter to 818-449-0828) immediately upon receipt or it will delay the process. (This is so you will be 411 and D&B listed.)
3. D&B and Trade Lines Verification
D&B will call you (See below for important note)
4. Submitted to Banks for Funding
5. Funds sent Via Mail directly from bank to corporation address

**Note: You must have a dedicated land or cell line for your 411 number re-direct. You will be getting a call from D&B. The vendor will provide applicable answers prior to call. It is imperative you answer the phone call and have it answered professionally using the corporation name, or in your name. The vendor will provide the answers prior to the call. You can contact us for more help as part of the process.

Before we can help you with your unsecured business lines of credit, we need to have you sign up to TrueCredit.com as your first step so that we can find out what your credit scores are and what your credit report looks like. We need you to use this exact website/service for now, as it implements well with what we are doing. Let’s now cover the TrueCredit.com service:

TrueCredit.com Service
I will first use my credit card and go to truecredit.com and sign up for the service. I will be asked a few security questions and provide my ss# and other info to get an account. At this point after I login and get my own account I will have a check run on the top left of any new activity or alerts, it looks like the following every time I login and it takes about 5-10 seconds.
NEW ACCOUNTS. . . . . . . . . . .NONE FOUND
NEW INQUIRIES. . . . . . . . . . . NONE FOUND
DELINQUENT ACCOUNTS. . .NONE FOUND
NEW PUBLIC RECORDS. . . . .NONE FOUND
ADDRESS CHANGE. . . . . . . . . .NONE FOUND
OTHER CRITICAL CHANGES. NONE FOUND

It will have another spot for recent alerts bureau agency, type of account, date reported, and description which talks about the creditor. You can manage this account 24 hours per day. Under recent alerts are my 3 credit scores with TransUnion, Experian, and Equifax. I have the numbered scores right there in bold. There are some credit card offers and other advertising links you will need to navigate around. The parts I just discussed show up under the members center area.

Members Center Area will cover:
Your Credit, Your Debt, Your Identity, Your Home, Your Car, Your Insurance, Your legal tools

Let me cover some of the basics under just the following two sections:

Your Credit Section Contains: Credit Alerts, Credit Reports, Credit Scores, and Trending sections
Credit Alerts:This section tab will show all alerts from each of the 3 credit bureaus and the alert type, date of alert, description, and you can open a detailed link and view that. When you view the details it may look something like this:
Reported By:TransUnion
Reported On:05/07/2008
Account Number:4352********
Amount Delinquent:
Payment Status/Method of Payment:
Creditor’s Name:TARGET NATIONAL BANK
Address:3701 WAYZATA BLVD 2CF
MINNEAPOLIS, MN 55416
REMARKS:…

Credit Reports:
This is the main section of the website and it’s very detailed. It will show you the most up to date info based on the lastest report you gathered for whatever date. What I like about this is I can compare all 3 credit report bureaus side by side to see what’s accurate and inaccurate. Here is what you will find under this section, let me go down the list. Credit report date, as well as your name on your credit report, each bureau may this differently. Date of birth, current address, previous address, current employer and previous employers. There can be some inaccuracies here so please take the time to dispute or mail these companies the accurate info, or better yet just hire the credit repair experts to do this as part of the service. The summary section looks like this:
TOTAL ACCOUNTS:
OPEN ACCOUNTS:
CLOSED ACCOUNTS:
DELINQUENT:
DEROGATORY:
BALANCES:
PAYMENTS:
PUBLIC RECORDS:
INQUIRIES (2 years):

There is a legend/key that shows you how they label each of the different payment status, it looks like this
https://www.truecredit.com/images/shared/cncr/unifiedReport/tu-legend-creditreport.gif

Now they will show each company you have credit with, it starts off with real estate for me, and shows each company, payment status, if it’s open, paid, current, etc. It looks like there is a dispute link online if you disagree with something. With the legend it gives a chart with all of the months and years and what the paid status is as of each month in the past, this is very easy to understand and see. It will probably show a 2 year payment history, most of mine show 1 year history. Each section shows this:
Account No.:60325*******
Condition:(This is pay status)
Balance:$
Type:Charge account
Pay Status:

You will notice old accounts you forgot about years ago that you opened, I have never heard that it’s good to close an account, it takes away your credit history, credit history is valuable. There is an inquiry section, who the company is, date of inquiry, and the credit bureau they pulled. Under that section is the creditor contacts with creditor name, address, and phone#. Just a few don’t have a phone#, but instead by mail only.

Credit Scores:
Under Credit Scores Section you will get to see where you rank on the scale of 300-850. Another graph will show you how you compare with 100% of the population. For example if you have a 600 credit score, maybe you’ll be considered higher than 35% of the population at this time, it will vary over time. There is another graph that tells how lenders view you. There are 5 circles which are very poor, poor, fair, good, and very good, these circles overlap and they tell you where you rank with your score within these circles. There is another part written that says where you can improve your credit score. This may include things such as high balances, to late payments from your recent and past credit history, to judgments or past collections, everyone’s credit report will be different with different results.

Trending: This section has 7 different sub link sections at this time.
Available Credit: This section provides a visual graph and states: Your available credit is the sum of your total credit limits minus any balances you owe. Your available credit has a direct impact on your credit standing. Balances above 50% of your credit line are usually considered high. However, if you have excellent credit, as little as 20% usage may have a negative impact on your credit standing. It’s typically a good idea to keep your credit usage in the low to moderate level. Using a low percentage of your available credit, and making payments on time, shows lenders that you can use credit responsibly.
Note: This analysis considers only revolving accounts, not installment, real estate or other non-revolving types of credit.
For example, if your limit is $1,000 and you are carrying a balance of $500, you are using 50% of your available credit.

Balances Payments: This section provides great bar graphs and pie charts. With different colors it represents these categories Revolving | Installment | Real Estate | Collection | Other
The bar graph labeled ‘Balances by Type’ illustrates how your debt is distributed across the five primary categories of Real Estate, Installment, Revolving, Collection, and Other.
The pie chart labeled ‘Balances’ shows the percentage of your total debt allocated to each category. The pie chart labeled ‘Payments’ shows what percentage of your total payments that are allocated to each category.

Delinquencies: This section also provides a line graph
Inquiries:An inquiry is a notation in your credit history that indicates someone was looking at your report.
There are two types of inquiries: soft and hard. Soft inquiries do not impact your credit standing-they occur when your credit report is checked by you, a prospective employer, or for the purpose of pre-selected credit card offers.
The inquiries displayed in this chart are hard inquiries. They occur when you apply for credit with a bank or retail store. A large number of hard inquiries posted over a short period of time could cause lenders to think that you are seeking lots of credit due to financial difficulty, or that you’re overextending yourself by taking on more debt than you can afford. However, it’s still okay to shop around for a loan when you’re making a large purchase such as for an auto or home. As long as your inquiries for an automobile or mortgage deal are all within a 30-day period, many credit scoring programs and creditors will disregard the multiple inquiries or consider them as only one inquiry.

Total Debt: This line graph chart offers a trending analysis, notes are:
Your total debt level includes balances on your credit cards, mortgage loans, auto loans, and other types of accounts.
Comparing your total debt to your income is a good way to gauge your credit health. When lenders evaluate your credit, they prefer to see a debt to income ratio that demonstrates your ability to pay off your debt. Check your Debt Analysis to find out your debt-to-income ratio and learn how that ratio affects your borrowing capacity.

Credit Score: This section shows how your credit score has changed over time since you last checked it. Your credit score is determined by scanning your credit history and running mathematical computations on the records.
It is used - along with your credit report and other information from your loan application - to determine your creditworthiness and what type of interest rate you will receive. Generally, credit scores range between 300 and 850 - the higher your score, the better. Factors that are used in a credit scoring model include:
* Payment History
* The amount of credit to which you have access
* The amount of credit your are currently using
* The length of your credit history
* Recent requests for credit
Tracking your credit score allows you to place a numerical value on changes in your credit report.

Debt-to-Income:
Your debt-to-income ratio compares the difference between the monthly income you entered and the monthly amount you spend to maintain your debt (as listed in your credit report or reported by you).
Lower debt-to-income ratios are better because lenders view borrowers with low debt-to-income ratios as having a better capacity to repay their debts. Typically, lenders view debt-to-income ratios that are less than 20% as very good, between 20% and 39% and good, between 40% and 55% as fair, and greater than 55% as poor. You should always be aware of how additional debt will affect your debt-to-income ratio.

Also there is a Your Account Section which will have
Address and Billing
Password
Your Orders
Preferences
Your Profile

Please go to www.TrueCredit.com and sign up today with your credit card or check, pull your credit data, and contact me and I’ll put you in touch with a representative that can start working on improving your unsecured business lines of credit and improving your credit score right away to move you towards a goal of a successful future. My contact info is ron@minnesotainvestors.com

You can see the full article of this program here  Tom Kish Unsecured Business Line of Credit

The owner and creator of this program I have known for years, a friend of mine, Tom Kish cashflowexperts.biz he is an expert of many years in learning how to get business lines of credit.  Tom teaches seminars, is on the seminar circuit and even makes it to many trade shows. He knows the secrets and which banks and lenders to go to to get business lines of credit.  He does makes it sound easy. Fill out some paperwork and your on your way. I’ve personally listened to his audio cd’s (Ultimate Real Estate Investor’s Guide) and read his book, he may have a new version now though.

Here is a link to his site Business Lines of Credit Click Here He has this program which is relatively cheap that will show you how to borrow money on business credit lines.

I just pulled this right off his website, this is what he says as of May 7th, 2008

“Let me show you a way to make money in real estate that does NOT require you to invest any of your own cash.

My name is Thomas Kish and I have created a system that will show you where to get a $400,000 line of credit that never reports under your personal name.

My system is called “The Ultimate Real Estate Investor’s Guide” and it is the fastest way to invest in real estate using unsecured lines of credit instead of CASH.

Let me give you FREE access to the training calls I host that teach people exactly how to get the money to do this plus my confidential consumer awareness report that the mortgage brokers do not want you to read.”

When you go to the site it has a quick audio of him talking. He is a great guy, I have played cashflow 101 with him, searched real estate with him, he is a successful guy.

His concepts will involve getting an LLC with a partner that has very good credit, and it will also include getting lots of different credit cards and credit lines.

This is a program you have to see, he may ask for your email to provide some info for you. He also provides helpful FAQ phone calls with clients after you buy the program.

Again here is his info that links to his site

Business Lines of Credit Click Here

If you have any questions about real estate at anytime, please email me at ron@minnesotainvestors.com

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