“Why Most Fail To Get Business Credit And How to Fix It…”

It’s enough to drive you mad…

Big banks got $245 billion in government bailouts under the Troubled Asset Relief Program (TARP)

Sticking US taxpayers with the bill.

That was in 2008.

Did small business lending loosen up?

Were new businesses finally able to get credit to hire employees?

Actually buy equipment and expand?

Business Credit Not By a Long Shot…

In fact, according to a July, 2010 report by the U.S. Small Business Administration (SBA)…

41% of small business owners report they can’t get enough financing – up from 22% in 2008.

Not only that, loans to new small businesses fell a whopping 33% between 2008 and 2009.

But who cares, right?

While big banks ratcheted-down lending to small businesses…

There’s a silver lining and a big one at that.

(I’ll get to that in a moment)…

The simple fact is, banks are still lending.

They’ve just raised the bar, when there was almost no bar before.

In the 2000’s, lenders gave credit to any business with a dream and a wish.

New businesses got monster credit lines – even if they didn’t deserve them.

As long as lenders kept their defaults low, nobody cared.

Then the real estate market and the banking markets crashed.

Those risky small businesses stopped paying their credit cards and loans…

And small business credit defaults shot through the roof.

In fact, business credit card issuer Advanta’s credit card defaults not just shot through the roof…

Yes, shot to the moon reaching 57% in July, 2009.

They filed for bankruptcy later that year…

And were seized by the FDIC in early 2010.

So, where’s the silver lining?

Actually, there are two silver linings.

At Last! Business Lending is Breaking Out of a deep-freeze…

First, according to a July, 2010 survey by the Federal Reserve.

Lenders are loosening credit restrictions for first time since 2006.

That’s great news…why?

Because it means they’re lending more money to more small businesses.

And second…$30-billion Small Business Jobs and Credit Act recently passed.

Unlike the TARP bailouts which helped big banks…

This bill helps small businesses directly.

It will give community banks the power to leverage $30-billion fund.

And to extend up to $300-billion in new loans to new businesses.

And small businesses.

So the big question is…

How Can You Get a Piece of This Gargantuan Business Credit Pie?

While banks are relaxing their lending restrictions…

Would you actually expect them to return to pre-2008 levels?

Listen, the game of business credit has changed for good.

The simple fact is, you need a new strategy.

Following business credit-building advice even 2-3 years ago…

This simply won’t work today.

Banks have more flexibility and freedom to lend to small businesses.

Still they’re also being watched like hawks by Federal watchdogs.

They’ll make more bets on safe small businesses….

Yep, not risky bets on unproven companies.

What it means to you?

Well, your company must become more creditworthy.

What Makes a Business Creditworthy?

Banks expect to see your company has experience handling credit.

In fact, many business credit lines…

As an individual…

Having too many credit accounts might look bad to prospective lenders….

(Although it’s myth than reality, provided you don’t carry large balances).

Now, for most businesses, it’s just the opposite.

Each credit account on your company’s credit report a reference and endorsement of your company.

Today, you need at five tradelines showing on your business credit reports.

And that’s just to get approved for basic business credit cards.

Have you even got gas cards?

And to get approved for branded credit cards and business loans…

You’ll need at least 10-20 seasoned tradelines.

How Does a Company Become More Creditworthy?

Step 1: “bulking-up” company’s credit with low-hanging credit accounts.

They won’t ask for much or any business credit history.

And they’re easy to get.

Then, you’ll move on to the next tier, and so on…

After 3-6 months, you should have $10,000 to $50,000 more business credit.

And you’ll be poised to ride the coming business lending windfall.

Why you want to check out the Easy as 1,2,3 System…

Because I walk you through every step of establishing business credit.

Getting and building business credit (and may be fast and easy).

No matter if your business is new or well-established.

I reveal top lenders you’d use to apply for credit at each stage.

This dramatically boosts your approvals.

If you want to qualify for business loans and financing…

Now’s the time to act.

Click here to learn how you can get the Easy as 1,2,3 System dubbed “the new smarter playbook of business credit” right now on a risk-free basis…

Business Credit