Need capital in your business, fast? Today, we’re talking about another way to get a capital infusion through business credit. https://www.youtube.com/watch?v=J_qT49JxLlIThe problem is that most business owners who want financing don’t get as much as they could, because they haven’t worked on the qualification process.That’s where CreditSuite can help. Ty Crandall has become a recognized authority in business credit building, business credit scoring, and business credit repair. So if you want to improve your fundability, build business credit, or get loans and credit lines… tune in now!Table of contentsBreaking into the Business Credit WorldCredit ReportingBusiness Credit vs. Consumer CreditThe Right Time to Build Business CreditBusiness Credit Cards vs. Consumer Credit CardsLeveraging DebtBuilding Business Credit Separate from Personal Credit1. Create Separation2. Get Your Credit In Line3. Find Companies that Report to Business Credit Reporting AgenciesFinding the "Sweet Spot"4. Start ImmediatelyBusiness Credit Gives You OpportunitiesTy Crandall’s OfferBook A Strategy CallAccess to cash is critical for a business owner. While you don’t want to rely solely on credit for your business cash flow, you don’t want to be stuck in a spot where you need it and don’t have it.Breaking into the Business Credit WorldTy Crandall's first company was a mortgage company that he quickly grew into a 7-figure company. And he rode that wave right up until the subprime mortgage crash, when things started to go south. While he thought he had access to plenty of capital, it turns out that wasn’t the case. After a few late payments, as he figured out how to navigate a failing business, the unexpected happened. His credit card companies actually shrunk his credit limit down to what he owed, so that he could not spend anymore, which effectively tanked his credit score. Then they pulled the money out of his personal bank accounts, depleting his cash stores. When something like this happens, other areas of your life can snowball—checks can bounce, and you can’t use credit to get out of the hole. Ty worked overtime to get out of this hole, but he couldn’t find quality credit information anywhere. During this period, he learned about business credit, and realized that the information was nearly impossible to access. So he decided to compile information about business credit himself, and begin teaching people how to use it and why. Credit ReportingMany people don’t understand the scope of credit reporting, because it happens in the background. Ty shares that a lesser known practice of consumer credit reporting is transparency from company to company. So if you have a late payment on one credit card, and not the others, the other companies will still know because it's in your report. Since all the companies have access to this information, your other credit providers can choose to lower your limits on that reporting alone. That’s what happened to Ty when his credit imploded. Business Credit vs. Consumer CreditBusiness credit is a “hidden gem,” even though it has been around longer than consumer credit reporting. If you’re a business owner, having business credit can help keep your business separate from your personal credit, so that you can have more privacy and safety... and avoid negative outcomes in uncertain financial times. [11:20] “The main scores that are used are just based on how you paid in the past. That’s it! It’s just a mathematical interpretation of how you, on average, pay your bills. And I love that! How easy is credit, if we’re scored just based on: Do we pay on time? Do we pay late? Do we pay early? How late do we pay?”Consumer credit has many factors built into the score, and can take years of diligent monitoring to get to the top. But with business credit, you can build your score in as little as one month by getting a single account that stays in good standing ...
Ty Crandall – How to Lever-Up Your Agency Without Personal Guarantees
The Digital Agency Growth Podcast
Ty Crandall is an internationally known speaker, author, and business credit expert. With over 17 years of financial experience, Ty is recognized as an authority in business credit building, business credit scoring and business financing. He currently serves as the CEO at Credit Suite. With Credit Suite, Ty consults with and advises companies on business […]
Episode 3 - Business Credit Building with Ty Crandall
Let's Be Frank
Ty Crandall is the CEO at Credit Suite. Credit Suite is home to the Business Finance Suite, the leading business credit building and finance software in the country. They are dedicated to helping customers get business credit and financing for their business as well as helping clients offer business credit and funding to their customers through the most cutting-edge financial solution available today.To know more about Credit Suite and Ty Crandall, you can go to https://www.creditsuite.com/EIN to get a FREE step-by-step guide.You can go to https://lets-be-frank.simplecast.com to hear more episodes of the Let’s Be Frank podcast.
344 - All About PPPs with Credit Suite's Ty Crandall
The Thoughtful Entrepreneur
Ty Crandall is CEO of Credit Suite. Crandall's business helps you get approved for a business loan even when you can’t qualify for one with no cash flow or collateral requirements. He is also the author of two of the bestselling books on consumer and business credit. Credit Suite is here to help your business build credit.
How to Use Business Credit to Build Your Credit Repair Business - Ty Crandall
Credit Repair Business Secrets
My guest for this week is the leading authority on business credit. He is the CEO of Credit Suite, author of two best-selling books about credit and a frequent contributor on radio, television, as well as magazines such as Entrepreneur, Inc, and Forbes. And I’m also proud to say that he’s spoken at every Credit Repair Expo we ever held.So please help me welcome this week’s Credit Hero - Ty Crandall!Ty started his journey as an entrepreneur in the mortgage industry, but the 2008 stock market crash pushed him almost to the verge of personal bankruptcy. At the time, he was already familiar with credit repair because he often used it to help his mortgage business clients get approved for home loans. Knowing that lots of people would need help repairing their credit, Ty made the shift and started building his business.When he discovered the vast potential of business credit, he dedicated himself to learning as much as he could about it. It was right around that time that he started working on Credit Suite. Over time, he became one of the leading experts on the subjects of business credit building, business credit scoring, and business financing.Today, he’s going to share some amazing insights about business credit, so stick around and learn about all the ways it could help you build your credit repair business.Key Takeaways for This Week:How did Ty Crandall get into the business credit industry? (2:16)What is business credit? (4:28)How to start building your business credit profile (6:33)Does your entity structure affect your ability to get business credit? (8:51)Steps you should take after establishing fundability (11:02)How long does it take to build up a business credit profile (13:21)Ways of getting business funding when you’re just starting out (14:48)The benefits of adding business credit repair to your service range? (18:00)Ty Crandall’s number one tip for making it as an entrepreneur (23:17)Additional Resources:Get a free trial to Credit Repair CloudSign up for the Credit Hero ChallengeDownload Ty Crandall’s Business Credit Secrets GuideMake sure you subscribe and stay up to date with our latest episodes!
How to Get a $150,000 Credit Line and Build Business Credit with 17 Year Expert Ty Crandall, CEO of CreditSuite.com
Ecommerce Exits Podcast | Inside look at Building, Buying, Selling and Scaling Ecommerce Businesses
Ty Crandrall, CEO of CreditSuite.com discusses the various credit and financing options available for ecommerce business owners in this time of crisis. WHAT YOU’LL LEARNWho is Ty Crandrall?Parallels of the 2008 Mortgage Crisis with the Current Covid-19 CrisisNew Credit Opportunities available in the Current CrisisThe importance of the 3 C’s in Financing: Cash Flow, Credit and CollateralHow to Establish Business LegitimacyTips in Building Business CreditKEY POINTSThe crisis now offers financing for small businesses which were not available during the 2008 crisis.New plans financing up to $2 million made available by the US Government offers loans at rates as low as 3.25% with long term payment plans (ie. 30 years) to help buoy the small business in these times. One can also secure a loan to ensure that employees are continued to be paid during business closures. The guidelines for these are being finalized.Alternative lenders may provide loans just on the strength of one of the 3 C’s.Establish the business credit and not just the personal credit. Entrepreneurs need to show that the business is able to stand on its own in order to secure the credit it wants.Account receivables may serve as collateral in securing financing.Data congruence across all agencies is important in order to establish business legitimacy.For guidance on financing or steps to get funding started, visit the Credit Suite website. You may also contact 877-600-2487 directly for inquiries.MENTIONED IN TODAY'S EPISODE:https://www.usa.gov/disaster-financial-helpcreditsuite.com/ein - to learn the steps of building your business creditcreditsuite.com/monitoring
How To Access Capital For Your Business, FAST, Bonus Episode with Ty Crandall
Get All the Cash You Need to Survive & Thrive the Coronavirus Economy Click to find us on Apple Podcasts and other podcast players. Roland has been sharing a series of live Zoom calls on his Facebook page. We’ve been sharing some of this super helpful content on the podcast. Today, Roland and Ty Crandall talk about leveraging SBA loans, availability, and strategy to access crisis funding, how to grow and maximize your business credit, and so much more! For the record, this call/episode was aired on March 21st, 2020. “It’s really going to be critical to get in front of it… People who are acting decisively and moving quickly will be in the best position.” Roland Frasier Ty Crandall is a Business credit expert who helps entrepreneurs get capital by improving 'fundability,' building business credit, and access loans and credit lines. “I feel like a weatherman in a hurricane. I’ve spent the last 12 years preparing for this moment. I had a mortgage company in 2008 when everything went down - wrong place wrong time. But I realize that thereafter that there was a lot of financing that I could have got”. Ty Crandall. If you're enjoying the podcast, make sure you're subscribed and share this episode with your business leading friends. It will be entrepreneurs that help our world recover! Listen Today For • Q & A from real entrepreneurs asking today’s questions • Expert Advice for different kinds of companies, including service-based companies, hotels, restaurants, and Veteran small businesses. • An overview of the SBA Disaster relief loans. • Alternative Lenders that actually makeup 90% of loans. • The Three ‘C’s that determine your ‘fundability’: Cash Flow, Credit, and Collateral. What’s your strong point? Have all three? Listen to Ty’s advice on the best route to pursue. • The relationship between your credit, cash flow, and the term length of your loan. • A caution on applying for credit cards on your own. • Why you are better off applying for credit from multiple sources as opposed to one. • So much more! “There’s tremendous opportunity right now to get capital for your business, not only for immediate cash needs but also for going forward. There are 50 billion dollars in SBA money that’s come online, and all kinds of other stuff”. Roland Frasier Click to find us on Apple Podcasts and other podcast players. 🎧 References Mentioned In This Episode Ty's company, CreditSuite.com Loans for Vets Clean up your LexisNexis.com Report. Contact & Follow Roland On Facebook On Instagram Through his Website Follow Business Lunch Podcast On Twitter On Instagram Thanks so much for joining us this week. Want to subscribe to Business Lunch with Roland Frasier? Have some feedback you’d like to share? Connect with us on ApplePodcasts and leave us an honest review! Your feedback will not only help us improve the show, but it will help us connect with more high flyers like you. Click to find us on Apple Podcasts and other podcast players.
Business Financing Inside and Out with Ty Crandall - Episode 581
Investing in Real Estate with Clayton Morris | Investing for Beginners
Did you know that there's currently more capital available to businesses today than ever before? It seems counterintuitive post-2008 financial crisis, but the truth is that the tightening of bank regulations opened up a lot of options for alternative lending. Today's guest, Ty Crandall is a widely-recognized authority in business financing and credit building. He is the CEO of Credit Suite, where he advises clients on business credit building and scoring. On this episode of Investing in Real Estate, Ty is sharing the ins and outs of business credit. If you're ready to grow your business credit, this episode is for you! This episode is sponsored by Keeps! Keeps has revolutionized the way men are treated for hair loss. Thanks to Keeps, you no longer have to go to the doctor’s office for your hair loss prescription. Now, you can visit a doctor online and get your hair loss medication delivered to your home. No more waiting rooms and no more pharmacy checkout lines. Get doctor attention and discrete drug delivery, all from the comfort and privacy of your own home. If you're ready to take action and prevent hair loss, go to keeps.com/investing to receive your first month of treatment for free. Book a call with our team: https://go.oncehub.com/morrisinvest
Credit often gets a bad wrap because of the way it\'s sold and used by businesses and individuals alike. But lines of credit are vital to the life of a business. Our feature guest today is the expert on the subject of business credit. While we do get into that, we also get into his personal story and his Kick in the Gut moment.Meet our Feature GuestTy Crandall is an internationally known speaker, author, and business credit expert. With over 17 years of financial experience Ty is recognized as an authority in business credit building and is the author of two books on credit named Perfect Credit and Business Credit Decoded and has been featured by Entrepreneur, Inc, and Forbes.Ty currently serves as the CEO at Credit Suite where he has helped create and grow one of the biggest and most credible business coaching operations in the United States.Connect with our Feature GuestCreditSuite.com/einMost Entrepreneurs Are Do It Yourselfers.Is That You? Here\'s the MOST Complete DIY Business and Marketing Strategy eLearning System on the Internet.