Small Business Funding
The Tax Club's Three Phase Small Business Financing Process
The My Business Credit Builder program includes The Tax Club's three phase small business funding process. Our process consists of individual processes that work together in helping you build business credit properly, if followed correctly. Keep in mind that deviating from our systematic three phase process can be damaging to your credit and may limit your small business financing opportunities.
Phase 1- Establish a Good Foundation for Small Business Funding
If you review the Preliminary Credit Building Checklist you'll come across a few items that need to be in place in order to jumpstart the small business funding and credit building process. You might find that most of the items, if not all, are already completed.
If not, there is no need to worry! We cover these items (and a few more) in our Phase 1 process and must be completed before moving on to Phase 2. We also provide you with the necessary resources to accomplish these items and get them off your list.
Phase 2- Establish Personal & Business Credit.
We provide you with the necessary resources to obtain business credit and maintain your personal credit at the same time.
There are several reasons why you need to separate your personal credit from your business credit.
- Keep personal debt ratios down
- Keep interest rates down
- Protect your personal credit
- Get better rates and terms with lenders.
Phase 3- Obtain Small Business Funding
To maximize your credit opportunities you must first be in “compliance." We will teach you what this is and how to make sure that your business is in compliance to obtain funding.
Maximize your small business funding opportunities with help from The Tax Club. Contact The Tax Club. and learn more about the My Business Credit Builder program and our three phase small business financing action plan.
