FUNDING: BUSINESS CREDIT
have been challenging for those who didn’t know it was happening, it has ultimately brought about positive change for all business borrowers—and increased the amount and frequency of approvals. With greater emphasis on personal borrower behaviors and automated underwriting processes, business borrowers now have access to a wider range of powerful and versatile financing and funding options. Never before has it been easier to obtain prime+1%, stated- income, unsecured, top-tier bank business credit lines and loans. BUILDING A FUNDABLE BUSINESS CREDIT PROFILE In the New Paradigm, an optimized business borrower profile that passes muster with all 19 business databases lenders use to validate and verify business data is essential for securing funding. By focusing on these key business borrower behaviors. and avoiding the funding landmines and lender “tests,” you can now predict your funding approvals before you hit the submit button on your business credit applications. This allows you to secure the funding you need to grow and thrive.
profile to measure how you treat the money loaned to you by other lenders. By understanding how lenders define a fundable personal borrower profile and managing your borrower behaviors strategically, you can enhance your “approval-readiness” in the eyes of lenders and improve your chances of securing the highest and most frequent financing and funding approvals.
it’s leveraging new technologies to streamline your funding approvals or recognizing how to optimize creative financing solutions as they become available, you deserve to be a part of a community that has not only mastered the rules of the financing and funding game but also has access to the “rule makers” who can give you the intel to stay on top of this ever-changing environment. That community is the Get Fundable! Funding Hackers Member Community. To find out more, go to BusinessFundingSummit. com and find out how you can Get Fundable! and then Get Approved! •
ACCESS TO FICO TEAM MEMBERS
David Smith, FICO’s Small Business Lead and acclaimed subject matter expert on FICO’s Small Business Scoring Service (SBSS—the premier business credit score engine) has been a regular guest at our twice-weekly Funding Hackers Implementation Support Group Coaching call. He has also been a guest on the Get Fundable! podcast and coordinated many meetings between other FICO team members and me. He has been a true guide to me and my team in our mission to educate and coach real estate investors and business owners seeking ways to acquire the financing and funding they need to grow their businesses the way they have always wanted to—by leveraging the lowest-cost and easiest-to-deploy financing and funding available in the business credit marketplace. Smith’s insights on the evolution of business credit approval requirements have been paramount to the continued success of our clients and community members. In the ever-evolving landscape of business credit, awareness is key to staying ahead of the curve. Whether
MERRILL CHANDLER
Merrill Chandler, a personal and business credit pioneer and co-founder of Lexington Credit Repair Law Firm, became dissatisfied more than 30 years ago with the ineffective results of credit repair. He discovered that getting approved for personal or business credit did not rely on a credit score but, in fact, was the result of having “fundable” borrower behaviors. With the right strategies, a borrower can “optimize” their financial behaviors to become highly fundable, increasing the frequency and amount of their credit approvals. He co-founded Get Fundable! to help real estate and business entrepreneurs nationwide grow their businesses the way they want, resulting in his students and clients becoming more fundable and getting more than $250 million in funding. If you want to learn more, check out www.getfundable.com.
LEVERAGING PERSONAL CREDIT FOR BUSINESS SUCCESS
In the New Paradigm, your personal borrower behaviors play a crucial role in acquiring business financing and funding, especially the inexpensive and versatile business credit lines and loans from top-tier banks. Lenders now look to your personal borrower
42 | think realty magazine :: may - june 2024
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