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The problem with taking lines of credit or obtaining loans for your business is that YOU are still the guarantor on the loan!
This is where corporate building comes in. Provided that you have a corporation, the next step would be for you to build credit for the corporation. Once credit is established, you will be FLOODED with loan and credit card offers that DO NOT require a personal guarantor.
Most credit building services out there charge thousands of dollars to help you establish credit building, but I'm here to tell what that you can do this yourself. This is the exact step-by-step process that my lawyer told me what to do.
First of all, you will need $20,000 cash. How do you get that? Go back to my $50k interest free money report and get some lines of credit:
http://www.wireurl.com/p6Li593pj
Then you would need to balance transfer, write PurchaseChecks (Discover Card), or use another method that I have described in my other previous email to get $20k to your bank!
Take out $10k cash and go to your business bank and apply for a CD (Cash Deposit) for 6 months or one year. Then, after a couple of weeks you go back to the bank and ask for a loan AGAINST that same CD. You would borrow half of the $10k CD, and take that $5k loan from that CD and apply for another CD at a DIFFERENT bank.
You would then do the same thing again and borrow against the $5k CD for $2,500 and put that into a 3rd CD at a different bank than the previous 2 banks.
Then you would want to use the cash you have at hand to pay off the $5k loan from the 1st CD and the $2500 loan from the 2nd CD. When you do so, the banks report the payback to the credit bureau and it instantly boosts your business credit profile. It's a simple process that you can do yourself and avoid paying thousands of dollars to have someone else do this for you.
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