NEW CREDIT NEW LIFE - CREDIT PROGRAMS

NewCredit is a
NewLife...

Professional
Coaching Program

Business Credit
Program

New Beginning
Coaching Program

Business Credit for Business Owners

Can Business Credit Help My Business Succeed?
Build Your Business Credit

	Separate your business and personal credit. Your business credit profile is strictly under your business name, separate from the personal credit report of the owners or officers of the business.
	Reduce your personal liability and risk. Separate business credit reduces your personal liability for your company’s financial commitments. A business failure does not have effect your personal credit
	Build business credit reports and scores. Your business will be listed with all of the top business credit bureaus.
	Create credibility for your business. Business credit optimizes your opportunities for or business loans, leases, partnerships and government contracts.
	Save thousands of dollars in funding costs. Business credit solidifies your qualification for lower interest rates on business loans.

		How does the process work?:
1		Confirm Incorporation: If you are already incorporated we’ll review your corporate records to ensure that they are current and that your corporation is in good standing.
2		Complete Credit Bureau Check: A thorough search all of the credit bureaus is completed to see if there is any adverse information currently reported against your business. If search results lead to findings we will take the necessary steps to resolve them.
3		Register with Credit Bureaus: Your business will be registered with several business credit bureaus. This will begin the development process of your business credit profile.
4		Obtain Credit: Your complete business credit profile and score will be what your entire business is based on. We help you obtain business lines of credit and retail credit cards without having to use your personal credit report and neither will your new creditors.

Long Can this Process Take?
12 to 16 months vs 4 years.

What Is Business Credit and How Does It Work?
Dun & Bradstreet (D&B) is the leading “business credit” reporting agency in the U.S. When lenders and suppliers consider your application for a loan, lease or credit terms, they will usually look at your D&B Report…and the first thing they will look at on this report is your Paydex score. The Paydex score is a numerical measure of your business’ creditworthiness that is calculated based on your trade references’ reports to D&B of how your company has paid its bills over the past year. A high score on Paydex’ 1 to 100 scale indicates that your company pays its bills on time. To obtain approval for financing you generally need a Paydex score of 75 or greater.

How Many Trade References Should My Business have?
At least 5 trades.

No Need for Personal Credit
Business Credit Can be Built regardless of your personal credit score or guarantee. Business Credit works in Tiers and setting a strong foundation is the first step.

info@ncnlcorp.com