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Top 5 Board Games Forums, Discussions and Message Boards You Must Follow in 2020

Top 5 Board Games Forums Contents [show] ⋅About this list & ranking Board Games Forums BoardGameGeek Forum BattleTech | The Board Game of Armored Combat TWBG Forum AGEOD Forums Petersen Games » Board Games Submit Blog Do you want more traffic, leads, and sales? Submit your blog below if you want to grow your traffic and revenue. […]

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Get Business Credit Without SSN, and Other Tips for Becoming Fundable

Did you know you can apply for credit in your business name and it won’t hit your personal credit report?  You can, no matter what is happening with the economy!  There’s a trick to it though.  You have to set your business up properly, and you have to apply with the right information.  It is possible to get business credit without SSN being an issue.

Get Business Credit without SSN and Make Your Business More Fundable

When you get business credit without using your SSN, you take the first step in obtaining credit in the name of your business.  That is separate credit that only affects the credit score of your business, not your personal credit score. 

Of course, there is way more to separating business credit from personal credit than knowing how to get business credit without SSN, but that is definitely a place to start.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit, even in a recession.

Get Business Credit Without SSN

get biz credit without SSN Credit SuiteThere is really no amazing trick to this.  You can easily get business credit without SSN by simply using an EIN (Employer Identification Number) in place of the SSN on credit applications.  That one simple step will disconnect debt taken in the name of your business from your personal debt.  Again, there are a few more steps to keep it completely separate but, this is huge and very simple. 

You can get an EIN for free on the IRS website.  Just go to IRS.gov and apply.  The process is fast.  Once you have that number, you have taken the first step in building credit for your business separate from yourself.  This is the pivotal step getting business credit without your SSN.

It is important to note that you may have to provide your SSN for identification purposes to help prevent fraud.  However, this is different than getting credit using your SSN.  If you use your social security number for identification purposes only, the debt will still not be connected to it. 

Separate Your Bank Accounts

You have to open a separate, dedicated business bank account.  There are a few reasons for this.  First, it will help you keep track of business finances.  It will also help you keep them separate from personal finances for tax purposes. 

There’s more to it however.  There are several types of funding you cannot get without a business bank account.  Many lenders and credit cards want to see one with a minimum average balance.  In addition, you can’t get a merchant account without a business account at a bank. The result is, you cannot take credit card payments.  Studies show shoppers usually spend more when they can pay by credit card.

Kick Your Business Out of the Nest! Separate Contact Info Is a Must

Your business needs its own phone number, fax number, and address.  You can still run your business from your home or on your computer.  You don’t even have to have a fax machine.  

In fact, you can get a business phone number and fax number that will work over the internet instead of phone lines without a lot of trouble.  In addition, the phone number will forward to any phone you want it to.  You can simply use your personal cell phone or landline if you want.  Whenever someone calls your business number it will ring straight to you. 

Faxes can be sent to an online fax service, if anyone ever happens to actually fax you.  This part may seem outdated, but it does help your business appear legitimate to lenders. 

You can use a virtual office for a business address. How do you get a virtual office?  What is that?  It’s not what you may think.  This is a business that offers a physical address for a fee, and sometimes they even offer mail service and live receptionist services.  In addition, there are some that offer meeting spaces for those times you may need to meet a client or customer in person.

Make Sure Your Website and Email Address are In Synch

What does a website and email address have to do with business funding?  These days, you do not exist if you do not have a website.  However, having a poorly put together website can be even worse.  It is the first impression you make on many, and if it appears to be unprofessional it looks bad to lenders as well as customers. 

Spend the time and money necessary to make sure your website is professionally designed and works well.  Pay for hosting too. Don’t use a free hosting service.  Along these same lines, your business needs a dedicated business email address.  Make sure it has the same URL as your Website.  Don’t use a free service such as Yahoo or Gmail. 

Incorporate

Incorporating your business as an LLC, S-corp, or corporation is non-negotiable.  It lends credence to the legitimacy of your business. It also offers some protection from liability. 

Which option you choose does not matter as much for fundability as it does for your budget and needs for liability protection.  The best thing to do is talk to your attorney or a tax professional.  

Now, incorporation is important to business credit building.  However, so is time in business.  The longer you have been in business the more fundable you appear to be. Time in business starts on the date of incorporation, regardless of when you actually started doing business. That means, it is vital to incorporate as soon as possible.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit, even in a recession

Where to Start to Get Business Credit without SSN

Once you have these things in place, you can start applying to get business credit without SSN, but with your EIN.  Don’t just jump into credit cards.  It helps to begin with starter vendors.  There are a few out there.  

Starter vendors are vendors that sell items you use everyday in the course of business.  They will extend credit in the form of net terms on invoices without a credit check.  Then, they will report payments on those invoices to the business credit reporting agencies.  

If you have followed the steps, then when they report those payments, they will be reporting in your business name to the business credit reporting agencies such as Dun & Bradstreet, Equifax, and Experian. This is how you start to build your business credit score. 

Get Business Credit Without SSN: What Next? 

After you get enough starter vendor accounts reporting, you’ll be able to apply for other types of cards and without your SSN.  The key is to apply for certain types of cards in a specific order.  For example, it is best to start with store cards.  These are cards that are issued with a specific store name.  Typically, you can only use them at that specific store or on that store’s website.  Examples include Office Depot and Best Buy. Some fleet cards fall into this category as well. 

Fleet cards are cards that you can only use for fuel or auto repair and maintenance.  It is usually easier to get approval for these cards after you have several starter vendors and store cards reporting.  Examples of fleet credit cards include Fuelman and Shell. 

After enough of these types of accounts are reporting to the business credit reporting agencies in your business name, with your EIN, then you can apply for general use credit cards.  Those are the credit cards you can use anytime, anywhere, on anything.  Usually, they have the best interest rates and rewards.  They also have the highest credit limits, meaning you have instant access to the funds you need to run your business day in and day out. 

Get Business Credit With SSN: A Warning

Here are a few key things to remember when you get business credit without SSN.  

First, the whole point is to separate your business credit from your personal credit.  Why do this?  There are a few reasons.  For example, you typically get a higher credit limit when you get credit related to your business with an EIN than you would with your SSN. 

Another reason, however, is so that your personal credit is not affected if you have problems on your business credit report.  However, you want your business credit to be strong also.  The only way to make this happen is to handle your credit responsibly.  Do not bite off more than you can chew. Make your payments regularly and on-time.  Bad business credit is just as harmful as no business credit. 

Keep and Eye on Your Business Credit

It’s important to keep an eye on your business credit while you are going through this process.  Once you get business credit without SSN, you’ll need to keep tabs on which accounts are reporting, how many accounts are reporting, and what your score looks like.  This is how you will know when it is time to apply for other types of cards. 

It is also how you will know when there is a mistake.  If you do see a mistake, you can contest it in writing to have it removed.  

When it comes to business credit monitoring, there are a few different credit reporting agencies. The main three we have already mentioned.  They include Dun & Bradstreet, Experian, and Equifax.  There are others as well, but if you know what your business credit score is with the main three, you can have a good idea of what it is with any credit reporting agency. 

Funding in the Meantime

It takes some time to get business credit without SSN.  If you need money to run your business quickly, while you work through the process, you might consider a credit line hybrid. This is revolving, unsecured financing that allows you to fund your business without putting up collateral.  Furthermore, you only pay back what you use.  

It’s easier than you may think to qualify.  You can do so with a personal credit score that is way below what you would need to get approval for a term loan or line of credit at a traditional bank.  The minimum is 685. Even if you did get approval at a traditional bank with this score, your interest rate would be much more than what is typical with a credit line hybrid. 

In addition to meeting the minimum credit score requirement, you can’t have any liens, judgments, bankruptcies or late payments.  Also, in the past 6 months, you should have less than 5 credit inquiries, and less than a 45% balance on all business and personal credit cards.  While it is preferred that you have established business credit as well as personal credit, it is possible to qualify without business credit. In fact, a credit line hybrid can help build business credit. 

What If I Don’t Qualify?   

If you do not meet all of the requirements, there is still a chance. You can take on a credit partner that meets each of these requirements.  Many business owners work with a friend or relative to fund their business.  If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding. 

What Makes a Credit Line Hybrid A Good Option? 

There are many benefits to using a credit line hybrid.  First, it is unsecured, meaning you do not have to have any collateral to put up.  Next, you do not have to provide any bank statements or financials.  

Also, typical approval amounts are up to 5x that of the highest credit limit on the personal credit report. Additionally, interest rates can go as low as 0% for the first few months.  You can put that savings back into your business.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit, even in a recession

The process is pretty fast, especially with a qualified expert to walk you through it.  One other benefit is this.  With the approval for multiple credit cards, competition is created.  This makes it easier to get interest rates lowered and limits raised every few months. 

Get Business Credit Without SSN and Have Access to Funding to Run and Grow Your Business

One of the largest parts of establishing business credit is to get business credit without SSN.  If you use your SSN to apply, that account is going to end up on your personal credit report.  This is the opposite of what you want.  However, using an EIN instead of an SSN is not enough.  You have to follow the other steps to create separation between you and your business. Then, you will be well on your way to building business credit separate from your personal credit. Now is a great time to get started.

The post Get Business Credit Without SSN, and Other Tips for Becoming Fundable appeared first on Credit Suite.

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Top 10 Lawn Care Podcasts You Must Follow in 2020

Top 10 Lawn Care Podcasts
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1. Lawn Care Business Success

Canada About Podcast Lawn Care Business Success hosted by Julio Tomé. Listen to learn about how to start, market and grow a successful lawn care business. Frequency 2 episodes / week Since May 2015 Podcast lawncarebusinesssuccess.com/..
Instagram Followers 15.5K ⋅ Domain Authority 15 ⋅ Alexa Rank 8.9M

2. Lawns Across America

Lawns Across AmericaBradenton, Florida, United States About Podcast Lawns Across America podcast hosted by Allyn Hane. Podcast will focus on real-time lawn care tips for the masses. Frequency 1 episode / quarter Since Jan 2019 Podcast lawnsacrossamerica.blubrry.net
Twitter followers 7.6K ⋅ Domain Authority 50 ⋅ Alexa Rank 156K

3. Green Industry Podcast

Green Industry PodcastAtlanta, Georgia, United States About Podcast The Green Industry Podcast exists to help lawn care and landscaping professionals to lead a successful business and live purposeful lives. The host of the podcast is Paul Jamison who is the owner of Jamison Management Group which is a landscape and lawn care company in Atlanta, Georgia. Paul’s vision for the show is to bring insights, motivation, and inspiration to other lawn care and landscape professionals. Frequency 2 episodes / day Since Sep 2018 Podcast greenindustrypodcast.libsyn…
Twitter followers 90 ⋅ Social Engagement 2 ⋅ Domain Authority 9 ⋅ Alexa Rank 4.9K

4. Landscape Business Course

Landscape Business CourseWashington, United States About Podcast Learn how to start a successful lawn care and landscaping business. These podcast episodes are short, digestible, actionable tips to get your business off the ground and become successful. The show includes interviews with landscapers and course members that are looking to grow their business. Mike Andes gives LIVE advice and consulting to REAL business owners. Get tips on how to advertise your business, hire the right employees, and scale your company. Frequency 3 episodes / week Since Nov 2016 Podcast landscapebusinesscourse.libs..
Facebook fans 11.7K ⋅ Twitter followers 274 ⋅ Domain Authority 13 ⋅ Alexa Rank 4.9K

5. The B&B Lawn Care Podcast

The B&B Lawn Care PodcastKansas City, Missouri, United States About Podcast The B&B Lawn Care Podcast is a weekly show that talks about all aspects of the business. Blake Albertson is a young entrepreneur that owns a successful Lawn and Landscape company in Kansas City Missouri. We talk about how you can grow your business on social media, analyzing the market and how to make more money. We will interview business owners, social media influencers and help everyone grow their business. Frequency 1 episode / quarter Since Dec 2018 Podcast babusiness.libsyn.com/website
Facebook fans 381 ⋅ Twitter followers 269 ⋅ Domain Authority 5 ⋅ Alexa Rank 4.9K

6. Lawncare Leaders

Lawncare LeadersKansas City, Missouri, United States About Podcast Interviews with today’s top Lawncare professionals and business owners. Real-time audio during our meetings and training sessions. We bring you practical business and leadership advice. This podcast helps you learn and grow as your company grows! Frequency 1 episode / week Since Nov 2017 Podcast anchor.fm/greenagainlawn
Facebook fans 508 ⋅ Twitter followers 168 ⋅ Domain Authority 76 ⋅ Alexa Rank 4.8K

7. Life In Lawn Care

Life In Lawn CarePlymouth, Minnesota, United States About Podcast Welcome to the Life In Lawn Care Podcast! On the Life in lawn care podcast we talk to the industry leaders and the new startups, we get there take on the business and we talk about there background and goals in the lawn care business. Frequency 2 episodes / week Since Feb 2020 Podcast anchor.fm/jesse-james6
Facebook fans 302 ⋅ Instagram Followers 433 ⋅ Domain Authority 76 ⋅ Alexa Rank 4.8K

8. Eco Lawn Science

Eco Lawn ScienceUtah, United States About Podcast This show is for the lawn care professional and the homeowner who loves their lawn, trees, and plants. We go deep on the sciences of it all things involving your home landscape. Interviewing some of the most seasoned, innovative and creative people in the industry to bring you something you can learn and apply. Frequency 1 episode / day Since Jan 2020 Podcast ecolawnutah.com/category/eco..
Facebook fans 1K ⋅ Twitter followers 97 ⋅ Domain Authority 18 ⋅ Alexa Rank 2.8M

9. Lawn Care Community

Lawn Care CommunityUnited States About Podcast Host Mike Gunn shares discussions with the lawn care community to help share and grow your business! Learn from other lawn & landscape community professionals. Business advise, small talk, tire kicking and more! Any topic within our industry you will listen to here on the lawn care community podcast! A podcast about, by and for our lawn care community. Frequency 3 episodes / week Since Mar 2020 Podcast getitdonewithgunn.libsyn.com
Instagram Followers 477 ⋅ Alexa Rank 4.9K

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A Working Fundability Definition

The definition of fundability is often misunderstood.  It’s hard to get a grip on a fundability definition. The term is thrown around a lot, but few understand what it really means.

Getting a Grasp on a Fundability Definition

Fundability Definition: Foundation

You cannot talk about a working fundability definition without talking about the foundation of fundability.  This is how your business is set up.  It has to appear to be a fundable entity separate from you, the owner.  Like any foundation, it is best to start at the beginning.  It will be faster and easier if you do.  If your business is already up and running however, you may not have that option.  It’s never too late to start, but start now. The longer you wait the harder it will be, for several reasons. 

Contact Information

The first step in setting up a foundation of fundability is to ensure your business has its own phone number, fax number, and address.   Of course, that doesn’t mean you have to get a separate phone line, or even a separate location.  You can still run your business from your home or on your computer. You do not even have to have a fax machine.  

In fact, you can easily get a business phone number and fax number will work over the internet instead of phone lines.  In addition, the phone number will forward to any phone you want it too so you can just use your personal cell phone or landline if you want.  Whenever someone calls your business number it will ring straight to you. 

You can use a virtual office for a business address. What is that, and how do you get one? It’s not what you may think.  There are businesses that offer a physical address for a fee, and sometimes they even offer mail service and live receptionist services.  In addition, there are some that offer meeting spaces for those times you may need to meet a client or customer in person. 

EIN

The next thing you need to do is get an EIN for your business.  This is an identifying number for your business that works in a way similar to how your SSN works for you personally.  Some business owners used their SSN for their business. This is what a lot of sole proprietorships and partnerships do.  However, it really doesn’t look professional to lenders, and it can cause your personal and business credit to get all mixed up.  When you are looking to increase fundability, you need to apply for and use an EIN.  You can get one for free from the IRS.

Incorporate

This is the most important step in fundability thus far.  Incorporating your business as an LLC, S-corp, or corporation is necessary to fundability.  It lends credence to your business as one that is legitimate. It also offers some protection from liability. 

Which option you choose does not matter as much for fundability as it does for your budget and needs for liability protection.  The best thing to do is talk to your attorney or a tax professional.    When you incorporate, you become a new entity. You basically have to start over. You’ll also lose any positive payment history you may have accumulated as well. 

This is why you have to incorporate as soon as possible.  It is necessary for an appropriate time in business. The longer you have been in business the more fundable you appear to be.  That starts on the date of incorporation, regardless of when you actually started doing business. 

Business Bank Account

You have to open a separate, dedicated business bank account.  There are a few reasons for this.  First, it will help you keep track of business finances.  It will also help you keep them separate from personal finances for tax purposes. 

fundability definition Credit Suite

Keep your business protected with our professional business credit monitoring

There’s more to it however.  There are several types of funding you cannot get without a business bank account.  Many lenders and credit cards want to see one with a minimum average balance.  In addition, you cannot get a merchant account without a business account at a bank. That means, you cannot take credit cards payments.  Studies show consumers usually spend more when paying by credit card is an option.

Licenses

 For a business to be legitimate it has to have all of the necessary licenses it needs to run.  If it doesn’t, it is a huge warning to lenders.  Do the research you need to do to ensure you have all of the licenses necessary to legitimately run your business at the federal, state, and local levels. 

Website

I am sure you are wondering how a business website can affect you ability to get funding.  Think about it.  These days, you do not exist if you do not have a website. Still, having a poorly put together website can be even worse than not having one at all.  It is the first impression you make on many, and if it appears to be unprofessional, it won’t look good to potential customers or lenders. 

Spend the time and money necessary to ensure your website is professionally designed and works well.  Pay for hosting too. Don’t use a free hosting service.  Along these same lines, your business needs a dedicated business email address.  Make sure it has the same URL as your Website. Don’t use a free service such as Yahoo or Gmail.

Fundability Definition: Business Credit Reports

This is the credit report, much like your consumer credit report, that details the credit history of your business.  It is a tool to help lenders determine how credit worthy your business is.  

Where do business credit reports come from?  There are a lot of different places, but the main ones are Dun & Bradstreet, Experian, Equifax, and FICO SBSS.  Since you have no way of knowing which one your lender will choose, you need to make sure all of these reports are up to date and accurate. 

Other Business Data Agencies 

In addition to the business credit reporting agencies that directly calculate and issue credit reports, there are other business data agencies that affect those reports indirectly.  Two examples of this are LexisNexis and The Small Business Finance Exchange. These two agencies gather data from different sources, including public records.  This means they could even have access to information relating to automobile accidents and liens. While you may not be able to access or change the data these agencies have on your business, you can ensure that any new information they receive is positive.  Enough positive information can help distract attention from negative information. 

Identification Numbers 

Dun & Bradstreet is the largest and most commonly used business credit reporting agency.  Every credit file in their database has a D-U-N-S number.  To get a D-U-N-S number, you have to apply for one through the D&B website. You have to have this number to have a file with D&B, and you have to have a file with D&B to build business credit. 

Business Credit History

Your credit history has everything to do with everything related to your credit score, which is a huge factor in the fundability of your business.  

Your credit history consists of a number of things including: 

  • How many accounts are reporting payments?
  • How long have you had each account? 
  • What type of accounts are they?
  • How much credit are you using on each account versus how much is available?
  • Are you making your payments on these accounts consistently on-time?

The more accounts you have reporting on-time payments, the stronger your credit score will be. 

Business Information

On the surface, it seems obvious that all of your business information should be the same across the board.  However, when you start changing things up, like adding a business phone number and address or incorporating, you may find that some things slip through the cracks. 

This is a problem because of those fraud concerns lenders have.  When business information doesn’t match up, it sets off alarms.  Maybe your business licenses have your personal address but now you have a business address.  You have to change it. Perhaps some of your credit accounts have a slightly different name or a different phone number listed than what is on your loan application. Do your insurances all have the same information?  

The key to this piece of the business fundability is to monitor your reports frequently.   When it comes to business credit reports, you can monitor through the reporting agencies directly, or save money by going here

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Fundability Definition:  Financial Statements

Both your personal and business tax returns need to be in order.  Not only that, but you need to be paying your taxes, both business and personal.  

It is best to have an accounting professional prepare regular financial statements for your business. Having an accountant’s name on financial statements lends to the legitimacy of your business. If you cannot afford this monthly or quarterly, at least have professional statements prepared annually. Then, they are at the ready whenever you need to apply for a loan. 

Often tax returns for the previous three years will suffice for personal financials.  Get a tax professional to prepare them.   This is the bare minimum you will need. Lenders may also ask to see check stubs and bank statements. 

Bureaus

There are several other agencies that hold information related to your personal finances that you need to know about.  For example, many business owners do not realize that their ChexSystems report can affect fundability.  In the simplest terms, this details any bad check activity.  It makes a difference when it comes to your bank score.  If you have too many bad checks, you will not be able to open a bank account.  That will seriously affect fundability. 

Everything can come back to bite you.  Have you ever been convicted of a crime? Do you have a bankruptcy or short sell on your record?  How about liens or UCC filings? All of this can and will affect the fundability of your business. 

Personal Credit History

Your personal credit score from Experian, Equifax, and Transunion all matter.  You have to have your personal credit in order because it will definitely affect the fundability of your business.  If it isn’t great right now, get to work on it.  The number one way to get a strong personal credit score or improve a weak one is to make payments on time, consistently. 

Also, make sure you monitor your personal credit regularly to ensure mistakes are corrected and that there are no fraudulent accounts being reported. 

Fundability Definition: The Application Process

First, consider the timing of the application.  Is your business fundable right now?  If not, do some work to increase fundability. Next, make sure that your business name, business address, and ownership status are all verifiable.  Lenders will check.  Lastly, make sure you choose the right lending product for your business and your needs. Do you need a traditional loan or a line of credit? Would a working capital loan or expansion loan work best for your needs?  Choosing the right product to apply for can make all the difference. 

To Understand How to Become Fundable, You Need a Working Fundability Definition

You need your business to be fundable. To make it happen, you have to have a working definition of fundability.  That isn’t really enough however. You also need to understand exactly what affects the fundability of your business, and how to mitigate anything that is holding it back.  Then, you can get to work making sure your business is as fundable as possible. It may take some time however, depending on where your current fundability stands.

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