How To Get Funding
Getting funding from lenders depends on your future pans and what financial strategy you are pursuing. However, the most effective strategy for funding is the Credit, Corp, Fund strategy. This strategy (Credit, Corp, Fund) is the basic stepping stone to building your personal finances, ongoing business funding, and lastly building a solid business you can pass on to your children and loved ones. The Credit, Corp, Funding strategy not only build and protects your personal finances, it also keeps your personal credit file private but separates your private finances from lenders, and keeps your business profile separate from what banks and lending institutions are looking at.
The Credit, Corp, Fund strategy is probably the most effective way in becoming very successful within a short period of time. The reason for this is because with this strategy you are pretty much taking an individual from having absolutely nothing to begin with, and building them to having a net worth of $500,000 – $1m using the credit system with a reasonably short period, which is often 6 – 18 months. And the funny thing is you can do this with even a homeless guy living under a bridge.
Credit
We live in a credit-based society, so most people become disillusioned when the have poor, or bad credit. This is because they cannot afford to engage in basic transactions like renting an apartment, purchasing a house, financing a vehicles, borrowing money, or even financing a new phone. They find themselves locked out of the credit system which mostly drives our economy. Knowing the rule of having a strong credit file can spell the difference between having a 500 – 750 credit score. The goal is to build a strong, clean, credit profile so you can have credit cards with limits of $10,000, $20,000, or even up to $30,000 with favorable rates and terms like zero interest rates.
| Rules for Good Credit | Correcting problems |
| 1. Only have one legal name on report, not multiple | Remove all unknown names on reports |
| 2. No more than one legal address on report | Remove any unknown addresses |
| 3. No aliases on your report | Remove any aliases you don’t go by |
| 4. No less than 2 years at address | Use most recent known address lived at |
| 5. No bankruptcies, late, collections, or derogatory | Remove bankruptcies, collections, deregs |
Corp
Buying a seasoned, aged, shelf-corp with the right credentials and building your new corporation up from scratch to receive funding is what could literally separate you from those living paycheck-to-paycheck, and catapult you into the 1% of income earners in the United States. The very first rule to owning a corporation is that you get money from the bank to do business, not the other way around. The truth is that majority of businesses fail because they keep doing business to get money, instead of getting money to do business. This mindset often has entrepreneurs putting their hard-earned money back into their businesses which leads to them stunting their growth. A seasoned corporation allows you to keep raising capital from banks and lending institutions to grow your business properly.
| Seasoned Aged Shelf-corp Rules | Proper Entity Structure |
| 1. Must have proper credentials | Certificates, Bank Account, Proper Registration, DUNS, etc |
| 2. Must have proper structure | Seven Structure – Corp, Dba’s, Holding, Trusts |
| 3. Must have clickable website | Well built website |
| 4. Clean EIN | IRS Tax Identification |
Fund
Funding begins at the early stage of your company where you want to start raising seed funding to start between $500k – $1m usually within 6 – 18 months. But this is not the sweet spot as you start growing your company. Today, most so called Ceo’s do not have clue regarding very basic principles about raising capital for their start-ups, how much more keeping the entire business afloat. This all goes back to being around the round people to gain the proper training and mentorship.
Banks, Lenders, and Future Investors do not care how much cash you have in you bank accounts. This is a misconception many entrepreneurs have which eventually effects their ability to grow in the future. Financial institutions only care how well structured your company is and how much it is growing. They mainly look at your current growth rate, and your ability to expand in the future. This means you have to have the proper assets in place which makes your business look stable, but most importantly you need different Lines of Credit (LOCs) so you can be able to attract capital and keep expanding.
| Capital Structure | Growth Stream |
| Loans – $50k, $100K, $200K, $1m | Ability to keep rounds going |
| Credit Cards – Chase, Navy Fed, Boa, 1st Bank, etc | Business Credit Only |
| Lines of Credit (LOCs) | Must be paid down |
| Store Credit | Home-depot, Staples, Best-Buy, etc |
| Auto Loans (Only Business) | Ally Bank |
GET FUNDING