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- I have a company that is almost 2 years old. Can you assist me in getting a business credit and if so how much?
Yes. As long as your company has all the proper documentation and you have a personal FICO score of 720 better and an acceptable income. Business credit lines can range from $75k-$500k+ depending on the worthiness of the LLC, the individual's personal credit standing, income and their debit to income ratio.
- Are you able to assist in getting new LLC's (6 months or less) such as mine business credit and if so, what is the price and time frame?
Yes. As long as the company has all the proper documentation, you have a personal 720 FICO score or better; income, and a good debt to income ratio. The price is $10,000.
The time frame to set up the LLC and apply for the lines of credit can be done in as little as one week if all instructions are followed and all documentation provided. Then the only time frame is for the bank to fund the lines which varies with each individual bank.
- Are you a broker or co-broker?
We work directly with the banks where we establish our client's credit lines. We do not act as a broker or a co-broker. We act as an authorized representative for the LLC.
- Do you charge any back-end points to obtain the business credit in addition to the initial $10,000?
We receive no back-end compensation from the banks. Our primary goal in acquiring the funds for our clients is to assist them in purchasing under-valued real estate (though you do not need to acquire real estate to work with us). We typically make our money on marketing fees associated with providing these valuable real estate opportunities to our clients.
- Would you be willing to take less than the $10,000 fee up front for multiple startups in exchange for a larger payout during funding from the business credit?
Our fee is the same regardless of volume (we limit clients to two LLCs). The $10,000 fee is required upfront to start our services. We do not receive compensation from the banks for the lines of credit and we DO NOT charge points of any kind.
- If I purchase multiple start-ups from you what kind of discount can you offer?
We currently do not offer a volume discount. You can purchase up to two LLCs from our company.
- Can the same surrogate or co-signer be used for multiple start-up LLCs or just one?
Yes, they can be used for up to two LLCs.
- Does the surrogate or co-signer have to be a part of the company, officer, or have an interest in the LLC?
Yes, they MUST be an officer in the company until the credit lines are established. When using a surrogate / credit investor, we recommend that you work with someone who is willing to put together a contract to clearly spell out the terms of your arrangement with them.
- Does the surrogate or co-signer have to live in Nevada or can they live anywhere.
They can live anywhere. Typically your LLC will be a Nevada based entity, but in some cases the corporation can be located in another state.
- If you do not start LLCs in any state but Nevada is there anyway to open an LLC with you in NV and have it fund my LLCs in another state?
All of the entities that we form reside in Nevada and the funds come from nationally known banks. Typically, you can walk into a branch of one of these banks and access your funds. Once your business entity is set up; we encourage you to go to your bank or a local bank branch of our banks in your area and establish a banking relationship. Many times you can receive additional funding through these sources.
- Can I get business credit for more than $75,000 in the first 30 days?
It is possible, but these decisions are on a case by case basis with each lending institution. We have a client that received over $220,000 from just one bank due to his many years of experience in working with this bank.
- What is the most business credit a new LLC (30 days old) has received?
Over $220k.
- Give me one negative situation with your program? (ex: Couldn't close; client didn't do as was told, etc.)
Our owners have set up hundreds of LLCs in the past 15 years. The only negative situation that has come up is a surrogate not willing to give proper documentation to the banks or the client access to some of the lines of credit. The client was able to obtain another surrogate with nearly the same FICO score, income and debt to income ratio to own the LLC and obtained nearly the same credit lines.
- Do you do all the work or must I set up brick and mortar, business bank accounts etc?
You will to set up the virtual office and business phone (very easy and simple; we walk you through it) and we will do the rest of the leg work. This includes all filings, applications, licensing and interaction. The initial business accounts are set up by us with our banks. We update you as progress is made or other services (i.e. credit enhancement for example) are needed to complete the process. All access to funds and bank accounts are restricted to you or your surrogate ONLY; we have no access to your accounts.
- Will your company accept the $10,000 payment for your work from funds from the lines of credit after they are established or a payment plan?
We have no way of insuring that we will receive our funds after you get LLC with Business Credit product delivered to you. We do not have access to your funds or bank accounts. All payments MUST be made before services are performed. We accept checks, money orders, bank drafts and bank/wire transfer.
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