The primary reason to build Corporate Credit is that doing so separates the owner’s Personal Credit and Business Credit. Typically, starting a business can require a person to delve heavily into Personal Credit, which can lead to a lack of emergency funds, a plummeting Fico Score, and a steadily rising Debt/Income ratio. In that event, no lender is likely to help.
But through our programs, we build your company’s Paydex Score and establish Corporate Credit so that from day one start-up costs can be channeled through the business and leaves the owner’s funds relatively untouched, as the owner’s Personal Credit and the business’s Corporate Credit are considered separate entities.
Additionally, that separation negates the risk that lenders will require that the owner’s assets be tapped to guarantee financing. Having Corporate Credit can also save you money. Average Interest rates on loans are about 18%, but by having a Business Credit and Paydex Score, Interest rates can be reduced to about 10%.
Corporate Credit is limited to fully incorporated companies and LLCs. All other forms of business are barred from building credit. In sole proprietorships and partnerships, while you may be “in business,” you are not “a business,” and that distinction is crucial in separating your Personal Credit from your Business Credit. If you don’t have a business entity (an LLC or Inc.), we can assist you in establishing both your business entity and your business financing.
Our programs will:
We have helped thousands get their credit back on track.
My dream was to build my own transportation company, but I lacked the personal finances and credit to do so. Then I heard about E-Fix Credit. I contacted them and by the end of my first phone ca..
After 35 years as a wife and stay at home mom, I was pretty sure that my dream of owning my own business was over. But E-Fix Credit showed me that was not true. I contacted them with my ide..
I am a contractor who has been building and remodeling homes for 25 years. I know construction backwards and forwards; but, business is not my strong suit. I had so many contracts to remodel peo..
I originally started my company with the help of an online website that promised me the moon. After I paid the fee for the most expensive package, I was emailed do-it-yourself instructions that I ..
I had been in business for two years and had lost momentum. I hit a plateau and was unable to increase business and advertise for new clients because I lacked the money to do so. I tried going t..