Don’t Fall for the “No PG” Business Credit Trap
Going the “no personal guarantee” route first is a mistake. After months of spending on accounts you likely don’t need, at best you’ll get some store cards, gas cards, and maybe one no PG revolver like Sam’s Club.
Not worth the effort!
Building your business credit scores complements your personal credit. But it shouldn’t be your main funding lever.
Here’s the move:
Repair and optimize your personal credit first!
Dispute inaccuracies on your reports
Pay down balances
Keep credit card utilization low
Ask for credit line increases
Get added as an authorized user on a trusted person’s card
With a 680 score, you can unlock $50,000, even $100,000 in 0% interest funding. Doing this builds your business credit too - it’s a win/win!
Best part – you can repeat this every 6-12 months and get even more funding!
Contrary to popular belief, personal credit is the fastest way to unlock major funding. Don’t buy into the no PG hype!
Let me know if you have any questions in the comments below! I’m happy to help and can review your profile to create a personalized funding action plan.
The “no personal guarantee” route seems appealing at first, but it’s not the fastest way to get significant funding for your business. Putting time and money into building vendor accounts and net 30 terms will only get you limited store credit cards and a couple thousand in funding.
Instead, focus on optimizing your personal credit first. With a 680 credit score, you can unlock $50k or even $100k in 0% interest business funding which will build your business credit as well. Keep your personal credit profile strong and you can repeat this process every 6-12 months for ongoing access to major funding.
Don’t get caught up in the no PG business credit hype. Take it from me, your personal credit is the fastest shortcut to the serious capital you need to grow your empire.
If you need $50K - $150K in zero interest funding for your business, book a call now at www.ein.credit and let's get you approved.
