Holding Steady...Mid 800ish! 💯🙏🏽

Hey everyone! Excited to be here and learn more about funding and growing an online business. I’m looking forward to connecting, picking up strategies, and sharing the journey. What’s one funding tip that’s helped you the most so far?

Most denials aren’t about your score. They’re about how your profile looks right now. Here’s what banks want before they say yes: ✅ 90 days of clean, on-time payments ✅ No new accounts or inquiries in the last 3 months ✅ Utilization under 30% (under 9% = 🔥) ✅ Address, phone, and email matching across all bureaus Bottom line: lenders reward stability. A “quiet” file makes you look like a safe bet even if your score isn’t perfect. 📍 Know your next step at Community Onboarding today at 1 PM ET. 🔗 https://skool.letsgetfunded.com/fskool-group-onboarding-book ⚡ Want to skip trial and error and fast-track approvals? Inner Circle is the move. 🔗 https://www.skool.com/100k

You’ll hear many people talk about "properly" structuring your LLC. But what does that mean. In my experience it means, you want your business to appear larger than it may actually be. Making your business look the way lenders want it to look like. You want to avoid business names that are high risk (trucking & real estate) and SIC Codes (business industries considered high risk by lenders). You want to have accurate and congruent information on the Secretary of State website, business bureaus, online directories, and all credit applications. How Do I Do This? Form and file your LLC with your states Secretary of State or hire someone to do it. The Secretary of State website is where lenders and business bureaus check first to verify you have a business in good standing. The business address listed (not the Resident Agent address) is the address you need to use on all credit applications. Get your Tax ID (EIN #) from the IRS. Name your business in a lender safe industry (like consulting, marketing, or logistics NOT trucking, real estate, commodities). Have a ligament business address. (No PO box, no UPS store) Have a local business phone number (not your cell number). The area code should match the entity business address located on the Secretary of State’s website. Have a business website (complete with the address and number listed above). List your business, phone number, and website information with online directories. You want to be easily found in an online search. Establish personal relationships with multiple banks (open business checking accounts -depository accounts). The more banks the better. Start with two or three. Never have all your financial eggs in one account. Target these banks you have relationships with for business credit cards and unsecured lines of credit. Have your Personal credit clean and 690+ FICO minimum on all three bureaus. The higher your score and lower your current credit utilization the better. No major derogatory marks. Then you will be primed for business funding.

Here are a few ideas..............................nothing new. Just reminders. 1. The fastest way to raise your credit score is paying down your credit card balances. As soon as you reduce your balance-to-limit ratio, your score instantly increases. If your balance is over 30% of the allowed limit, your score gets docked. If your balance is over 50% of the allowed limit, your score gets docked even more. If your balance is near the limit or maxed out, then you get penalized with a major decrease to your credit score. The optimal percentage to gain the most points is a balance-to-limit ratio of less than 10% according to FICO. Keep in mind the balance-to-limit applies to each credit card and applies to the sum of all cards. If your score is 640 or above you may be able to get a personal loan to pay down the utilization. 2. If you do not have the money to pay down your balances, call the credit card company and ask them to raise your credit limit. This accomplishes the same thing by lowering your credit utilization ratio. If you have been paying on time, they will usually agree, hoping you will spend more and owe them more in interest payments. You can do this every 6-12 month (and you should). 3. If you cannot pay down your balance or get a credit line increase, you might be able to redistribute some of the high balance cards to other existing cards with lower utilization. Be sure and stay under 30% on each card if possible. Keep the higher balances on the lowest interest rate cards. 4. If you have true business credit cards that do not report to personal credit bureaus, you can do balance transfers to these business credit cards. This will remove that amount off your personal credit and increase your scores dramatically. 5. Another unique way to increase your score is to report your Cell Phone, Rent, and Utility payments to the credit bureaus via a company called Level Credit (Now Self). Very few consumers know of this service. Utilize bills you are already paying. Build your credit without taking on more debt. https://www.levelcredit.com/how-it-works The cost is a onetime fee of $49.95 plus $6.95 per month. They will report to all three credit bureaus. Add up to 2 years of past payments. Build your credit fast! Rent Reporters is another way to report your rent and gain a valuable tradeline.