| About Scott Letouneau

Scott Letourneau
Incorporating and Business Credit Expert
"Hi. I'm Scott Letourneau and I started FAST BUSINESS CREDIT and NCP to help business owners navigate the confusing maze of building their business credit and corporate formation. At Fast Business Credit, our mission is to help companies succeed... and entrepreneurs achieve their dreams!"
"Call us. We can help."
Click here to see Scott Letourneau's powerful network of marketing and business leaders.
Click here to see Scott Letourneau's powerful network of marketing and business leaders. |
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WHY FAST BUSINESS CREDIT? IT'S YOUR PATH TO SMART BUSINESS FINANCING!
Are you providing personal gurantees for your business? Do you realize the major problem if you do this?
The problem is, signing a personal guarantee effectively nullifies any legal protection that you may have put in place -- such as incorporation -- to protect your house, car and other non-business assets from liens or foreclosure to satisfy business debts.
That's right: incorporation won't protect your home and assets if you sign a personal guarantee.
Could your business use a business credit line (up to $50,000)? This would certainly help your business preserve your cash flow and grow your business. Here is the best part, imagine doing that all…With NO PERSONAL GUARANTEES!
Perhaps you already have a problem. Let me ask you, "Have you gotten trade credit or a bank loan for your business, and wound up signing a personal guarantee?"
Not good.
Let me say it again, "Did you realize that by signing a personal guarantee you are effectively nullifying the personal asset protection your corporation or LLC affords you?"
If something goes wrong and you can't pay your loan, your bank or other creditor, thanks to the personal guarantee, will be after your personal assets faster than you can say "Default."
All because you signed that blasted personal guarantee. Trouble is banks seem to demand them. Vendors who sell you goods or services or credit require them.
Unless you know how to get around them.
Well I have some good news for you. The main reason you probably formed your LLC or corporation in the first place was to separate your personal assets from your business assets. You can also take steps (28 steps, to be exact) to separate your business credit from your personal credit.
When you do, you're able to access credit like this--without a personal guarantee and REGARDLESS of your personal credit history:
ACCESS CREDIT LIKE THIS
WITHOUT A PERSONAL GUARANTEE!
- $15,000 Major Hardware Store Line of Credit
- $7,500 Electronics Store Credit Card
- $45,000 Cadillac Escalade Lease
- $5,000 Major Department Store Credit Card
- $1,000 Business Gas Card
- $2,000 Printing Company Line of Credit
- $25,000 Computer Equipment Line of Credit
- $75,000 Business Equipment Lease
Sound crazy? It's not.
One of my clients just leased a Hummer in the name of his 6-month old corporation--without a personal guarantee.
And our company is going to show you how to do the same. That's right, find guaranteed credit lines for your business and no turn down business loans.
How does your business file get "red marked?" Is that a problem? Well, if your company applies for credit from any firm that reports to Dun and Bradstreet, and you're rejected, it'll be "noted" in your D&B file with a fat, ugly red mark.
And no company worth their salt will ever issue you business credit without a personal guarantee. Ever.
D&B rates companies based on a number from 1-100. If your business has a Business Credit Score of 75 or higher, it means you're an excellent credit risk.
By the way, a Business Credit Score of 75 or higher is the equivalent of a personal credit score of 700--also excellent. And quite frankly, if your personal credit score is in this range, you would NEVER want to jeopardize your personal credit with anything you do in your business, whether you're an LLC, S or C-corporation.
Trouble is you might already being harming your personal credit score without even knowing it!
What Happens When You Have a Poor or Non-existent Business Credit Score
- You get turned down for business loans, or are forced to sign a personal guarantee--putting your personal assets up for grabs.
- You pay higher interest rates on business loans because you're not seen as a "good" credit risk.
- You lose out on too many contracts for unknown reasons (when the real reason is that you're not D&B credit-worthy!)
- You ruin your personal credit by not keeping it separate from your business credit.
- You suffer with what seems to be a permanently tight cash flow because you can't get all the trade credit you need to do business.
How Do You Develop a Business Credit Score of 75 or Higher…
so You Can Take Advantage of All the Benefits that Come with it?
If you take the established route to good business credit, it's going to take you 3 to 4 years to get the credit you need.
We've come up with another option: the Business Credit Builder Program. With this critical 28 step program, you'll work closely with your Business Coach to tackle the 28 steps you need to establish your business credit, including building your profiles and business credit in a step-by-step fashion.
This coaching course is similar to a college course in that it's taught by professional instructors. Over the length of the program, you'll be dealing with several different people on several different business subjects as you make your way through the program.
It's designed to take you about 3-6 months to complete...but of course we'll adjust the timing for your particular requirements.
Most of my clients complete the Credit Builder portion in about 3 to 6 months and then continue on to all the other financial building blocks critical for business success!
Find out how and why if you give personal guarantees on leases for office space, vehicles, equipment, anything you buy for your business...you're putting a burden on your personal buying power...potentially ruining your personal credit...doing absolutely nothing to help your business credit...and leaving your personal assets, like your car, investments and home...up for grabs to any potential creditor.
Call our offices at 1-888-313-6333 and ask to speak to one of our business credit experts on how we can help you on the fast track to establishing business credit for your company!
Sincerely,
Scott Letourneau
CEO
P.S. If you have not yet formed your corporation or LLC for your business call our offices for a recommendation of one of the best companies in U.S.
Free 30-Minute Consultation!
Call Fast Business Credit Today at
1-888-313-6333 |