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Are You Actually Funding Ready? Let’s Find Out.
Before you apply for funding, you need to know where you stand. Quick self-check comment YES or NO: 1️⃣ Do you have a registered business entity (LLC or Corp)? 2️⃣ Do you have a business bank account? 3️⃣ Is your personal credit above 680? 4️⃣ Do you have low credit utilization (under 30%)? 5️⃣ Is your credit report free from major negative accounts? If you answered YES to 3+… you may already be funding ready. If not — that’s exactly what we fix inside FundFlow Mastery. Funding isn’t luck. It’s preparation. Drop your score (how many YES answers) in the comments 👇
Are You Actually Funding Ready? Let’s Find Out.
Business Funding Question
Hello Family, I was working with another credit repair/funding partner. Here is the background. I have a good credit mix with close to $1,000,000 in debt (2 mortgages, etc.) with no late payments or derogatory items. However, because I used my personal credit to invest in real estate, my credit utilization is high, resulting in a FICO score of 656 on Experian and around 558 on TransUnion. This score is keeping me from getting a personal loan. The strategy was to use my wife's credit, with a FICO score of 714 (her file is thin - about 1.5 years = $20,000 total credit line), and we brought her utilization down to 10% to get a personal loan on her profile. The funder went to LightStream and asked for $40,000 and inflated the annual salary to over $100,000, etc. Got denied based on the length of the profile. We asked since there was a denial for personal - can we use our LLC [that is 4 years old and capturing around $5,000 in revenue monthly from 2 rental properties] with her profile? I understand that it will not be maximum funding, but we could get an amount based on her profile. They said that this was not possible to use her as a guarantee and then I use my guarantee later. Which, I know is not correct. Are there any banks we should try to get funding from on her thin file, given that she's a 50% owner of the business? Thanks, Gordon
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Poll Time: Where Are You in the Process?
🟩 I’m building my credit 🟨 I’m ready to apply for funding 🟥 I’ve been denied and need help Vote below ⬇️ (If you’re in the red, FundFlow Mastery can literally change the game for you.) Hit Upgrade to get expert strategies for quicker success. Upgrade to the next level https://www.skool.com/fundflowmastery/about
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Poll Time: Where Are You in the Process?
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