Mr. Smith you know what you are talking about. I am currently building my second company business credit through a company i paid 600 to help me. All the info you are talking about it very accurate. Say what's up to your subscriber.
Your ability to explain tone and delivery 10 out of 10 tap into children as well. You are easily a Mr. Smith, the children will comprehend, and you appear relatable. Blessing to you
I’m learning so much from this channel. I just got my Nav and my business had an account with Experian business but I had no idea. Some info day have for me need to be updated but emailed them today. I’m on Nav premier now, thanks to you. I’m building both business and personal credit. I have been watching every steps from your videos.
CHOOSING A BUSINESS NAME, question may it be my first and last name llc Or does it need to be fancy, eye catching? Does specific business names approvals or does matter.
Go daddy, Wix, Shopify all give you an email option with the domains for a business number you can use Google voice if you want something free to start
@@ndp7282 on the dun&bradstreet website you scroll down to the one that says free www.dnb.com/products/dnb-credit-insights.html?BrandedCampaign&campaignid=20535421435&adgroupid=152846286450&creativeid=687277363659&gad_source=1&gbraid=0AAAAADqO_0uJ-zGLzAx0fFrzoSwrbzWN8&gclid=Cj0KCQjwjLGyBhCYARIsAPqTz18y0RFwGXq-ZOUk642nazQLR15ljl1MBPhQOls256PjOnzEwYYuim8aAm2AEALw_wcB&gclsrc=aw.ds#comp-grid
Hi Stephen...interested in launching a new LLC for real estate investment. What NAICS code can I utilize (besides the 1 for real estate)? I've learned that real estate seems to be 1 of the riskier types of businesses which receive either very low funding from banks or none at all.
So at this point with your new business have you got the Sam’s Mastercard and what all was needed. Because I see you said you have only the NAV reporting now on your other video. Just want to clarify if we need these accounts and will they report
I did get the Sam’s club mater card but this one was PG, check the different times these videos came out. April 1st I already had NAV reporting, and a few days after ecredible for business reported so I had a total of 2. I’ll be making a video about the Sam’s club Mastercard in the upcoming weeks but I’ll be talking about when I got the card with No PG the first time.
Hey Stephen, another question: do most of those business credit card trade-lines require a inquiry hit on my personal credit? I’m trying to be strategic about when to acquire a new credit card and business loan this year. I already have 4 inquiries on my Experian report.
@@Mr.West602 it’s possible, it’s been almost 2 years since last I applied. Look for an option that says net 30 terms there was a PG and No PG option when I recorded this video.
We already have 4 trade lines but we need one more, preferably a card over a net 30 account. Do you have any recommendations besides AtoB gas card & Nav? We recently switched banks so our bank account is new which is why we can't get the AtoB gas card. we have nav, shirtsy and e-credable so far.
Hey bro, in order to get 100k in funding, should I be building a banking relationship for six months with a consumer banking account or a business account? Ive had PNC consumer for 3 years and they approved a small PL. I’ve had Chase 3 months and Navy fed for 1.5 months. U think I should focus on navy fed?
Those are all really good places to get funding 👍🏾 you don’t necessarily need a consumer account but it does help you build a better relationship. If you already have a good credit score with no derogatory marks I wouldn’t worry about it as much, however if you’re still rebuilding or your score is below 660 I would look at adding some consumer account (checking & savings) and make small deposits for 90 days maybe $50 every 2 weeks in both checking and savings.
Man thanks for the fast response! Thanks to you, my Experian is 740+ and the other CRAs hover between 695-720, with NO derogatory marks. You’re legit. Appreciate the feedback.
Hey Stephen! I want to purchase Nav Prime. I’m about to check out does it matter if I sign up for the monthly payment or the quarterly payments? I want to pay the quarterly price will it work the same?
Hello, I have been building my credit and I was actually on tier 2 but some accounts fell off and now my sub and Bradstreet has been sitting at a 78. I wanted to get my paydex back up to 80. I was going to go with granger but I’m seeing that no one is speaking about them anymore. Do you know why that is? Thanks in advance.
This is totally not true! No Net 30 account will help you build biz credit. Net 30 accounts are trash. Build strong personal credit so you can PG real bank cards. You WILL have to PG. Dun & Bradstreet numbers are worthless and so is a paydex. Simply ask any bank. Teach the correct information.
I have a very good personal credit score and I was denied a fairly simple business credit card because I didn’t establish business credit for this new company I started. (Less than 30 days old) you need both a good personal credit score and establish business credit to maximize your lending potential. Net 30’s are not trash and they do help you start the process. I agree with you about PG’s, I have another business credit video where I explicitly state you can’t avoid it and having good personal credit is essential. Appreciate your comment and feedback
@@1newstart01start4 I was trying to but the issue was my business credit. Also as a reference my personal credit limit was over 15k and I had 1 percent utilization. I have a couple of friends who was able to get approved with pg but once you do build that business credit you are more likely to get approved.
Totally agree with Stephen PG can only get you so far. I had great credit scores but wasn’t getting approved the bigger lines of credit until working on business trade lines. By doing so I’m over 500k in LOCs.
this channel is wildly underrated
Thank you! 🙏🏾
Mr. Smith you know what you are talking about. I am currently building my second company business credit through a company i paid 600 to help me. All the info you are talking about it very accurate. Say what's up to your subscriber.
Thank you for watching 🙏🏾
@Successwithstephensmith of course I am glad you popped up on my feed. I am going to Bing watch your all videos.
Thank you for this info. I felt like I was in a holding pattern ✈️ while I cleaned up my personal credit.
It’s definitely best to do this while you’re rebuilding! You can get a couple nice accounts in the meantime 🙏🏾
Very detailed and a professional presentation
Thank you!
Your ability to explain tone and delivery 10 out of 10 tap into children as well. You are easily a Mr. Smith, the children will comprehend, and you appear relatable. Blessing to you
Thank you!!! 🙏🏾
Thanks Stephen! Well explained and easy to digest! Got a New Subscriber! Keep up the good work!
Thanks for watching! 🙏🏾
I’m learning so much from this channel. I just got my Nav and my business had an account with Experian business but I had no idea. Some info day have for me need to be updated but emailed them today. I’m on Nav premier now, thanks to you. I’m building both business and personal credit. I have been watching every steps from your videos.
Thank you!!!! I’m glad you like the information
Great info ... Explained, clearly!!
Thank you!!!! 🙏🏾
Great video haven't seen one with an actual list. 🔥
Thank you!!! 🙏🏾
Yes sir been waiting!!!! 🔥 🔥
YES!! 🙌🏾
Nice
This is an amazing informative video Stephen
Thanks for watching, I appreciate you!
Video on business bank account? For those who dont have actual buisness account despoits etc
I can definitely make a video on business bank account options 💯👍🏾
Bro!!! You are the best and i am a huge fan
Great information and excellent presentation! WOW
Thanks for watching 🙏🏾
Thanks man for the content!
You’re welcome!
You’re the best!!!
Thank you!
Thanks!
You’re welcome!! Thank you 🙏🏾
Hey Stephen about to purchase that 1+1 now... Can we talk business credit and structure...
Yes definitely
Ok paying for it now...give me a few days to prepare questions...
CHOOSING A BUSINESS NAME, question may it be my first and last name llc
Or does it need to be fancy, eye catching?
Does specific business names approvals or does matter.
I would pick something broader than that in you want something that separates you from your personal.
Who we fill ncis code etc? Video on business setup
I might do that one next because the business bank account goes hand in hand with the set up process
For floor and decor card what do you mean that you changed your business to FURNITURE… How do you change your business to Furniture and Home stuff?
On the floor and decor application I used an NAICS code that would apply to that type of industry
Also may you recommend a business number, email, and website COMPANY to where i can purchase all of that? so im not shopping around
Go daddy, Wix, Shopify all give you an email option with the domains for a business number you can use Google voice if you want something free to start
How do you find your payed score
@@ndp7282 on the dun&bradstreet website you scroll down to the one that says free www.dnb.com/products/dnb-credit-insights.html?BrandedCampaign&campaignid=20535421435&adgroupid=152846286450&creativeid=687277363659&gad_source=1&gbraid=0AAAAADqO_0uJ-zGLzAx0fFrzoSwrbzWN8&gclid=Cj0KCQjwjLGyBhCYARIsAPqTz18y0RFwGXq-ZOUk642nazQLR15ljl1MBPhQOls256PjOnzEwYYuim8aAm2AEALw_wcB&gclsrc=aw.ds#comp-grid
Hi Stephen...interested in launching a new LLC for real estate investment. What NAICS code can I utilize (besides the 1 for real estate)? I've learned that real estate seems to be 1 of the riskier types of businesses which receive either very low funding from banks or none at all.
general business naics code or business services you should find a few that can still work
So at this point with your new business have you got the Sam’s Mastercard and what all was needed. Because I see you said you have only the NAV reporting now on your other video. Just want to clarify if we need these accounts and will they report
I did get the Sam’s club mater card but this one was PG, check the different times these videos came out. April 1st I already had NAV reporting, and a few days after ecredible for business reported so I had a total of 2. I’ll be making a video about the Sam’s club Mastercard in the upcoming weeks but I’ll be talking about when I got the card with No PG the first time.
Hey Stephen, another question: do most of those business credit card trade-lines require a inquiry hit on my personal credit? I’m trying to be strategic about when to acquire a new credit card and business loan this year. I already have 4 inquiries on my Experian report.
All of them are no PG so they won’t affect your personal credit
@@Successwithstephensmith That’s huge. Thanks again.
Llc vs sole individual business will either get more funding than other entity? When i go get ein from irs..
Corporations look best, but the best would be an LLC
Flooring deco is asking for PG. Did it change
@@Mr.West602 it’s possible, it’s been almost 2 years since last I applied. Look for an option that says net 30 terms there was a PG and No PG option when I recorded this video.
Did you use a virtual office or brick & mortar??
Virtual address
I’m starting a bank that aim to only provide loans to people. What business structure should I choose?
Definitely a corporation
We already have 4 trade lines but we need one more, preferably a card over a net 30 account. Do you have any recommendations besides AtoB gas card & Nav? We recently switched banks so our bank account is new which is why we can't get the AtoB gas card.
we have nav, shirtsy and e-credable so far.
www.roadflex.com/signup
Hey bro, in order to get 100k in funding, should I be building a banking relationship for six months with a consumer banking account or a business account? Ive had PNC consumer for 3 years and they approved a small PL. I’ve had Chase 3 months and Navy fed for 1.5 months. U think I should focus on navy fed?
Those are all really good places to get funding 👍🏾 you don’t necessarily need a consumer account but it does help you build a better relationship. If you already have a good credit score with no derogatory marks I wouldn’t worry about it as much, however if you’re still rebuilding or your score is below 660 I would look at adding some consumer account (checking & savings) and make small deposits for 90 days maybe $50 every 2 weeks in both checking and savings.
Man thanks for the fast response! Thanks to you, my Experian is 740+ and the other CRAs hover between 695-720, with NO derogatory marks. You’re legit. Appreciate the feedback.
you're welcome!@@wadestephens4750
How can one reach out to you? I want to know which address I would have to use. Awaiting for you to response.
Info@successwithstephensmith.com or you send a message from the website www.successwithstephensmith.com
How about Chewy?
I actually didn’t know Chewy had net 30 accounts
@@Successwithstephensmith I don't know. I was asking. I do see that they have an affiliate program.
Hey Stephen! I want to purchase Nav Prime. I’m about to check out does it matter if I sign up for the monthly payment or the quarterly payments? I want to pay the quarterly price will it work the same?
Yes the monthly or quarterly will both work the same but you’ll save more if you choose the quarterly
@@Successwithstephensmith Thank you! Also do you recommend paying for the additional SBSS?
Bro how do you know all this?!
Time and research I’m old lol 😂
Hello, I have been building my credit and I was actually on tier 2 but some accounts fell off and now my sub and Bradstreet has been sitting at a 78. I wanted to get my paydex back up to 80. I was going to go with granger but I’m seeing that no one is speaking about them anymore. Do you know why that is? Thanks in advance.
Hello, how are you? I’ve personally never used Granger thats the only reason I don’t talk about but you can definitely use them
Stephen, I'm trying to better understand. Does Nav require PG?
NAV doesn’t require a PG none of these net 30’s listed will require a PG
What is pg
This is totally not true! No Net 30 account will help you build biz credit. Net 30 accounts are trash. Build strong personal credit so you can PG real bank cards. You WILL have to PG. Dun & Bradstreet numbers are worthless and so is a paydex. Simply ask any bank. Teach the correct information.
I have a very good personal credit score and I was denied a fairly simple business credit card because I didn’t establish business credit for this new company I started. (Less than 30 days old) you need both a good personal credit score and establish business credit to maximize your lending potential. Net 30’s are not trash and they do help you start the process. I agree with you about PG’s, I have another business credit video where I explicitly state you can’t avoid it and having good personal credit is essential. Appreciate your comment and feedback
He is actually correct. I had a decent credit score over 700 and I was denied because I didn’t have established business credit.
Did you PG?
@@1newstart01start4 I was trying to but the issue was my business credit. Also as a reference my personal credit limit was over 15k and I had 1 percent utilization. I have a couple of friends who was able to get approved with pg but once you do build that business credit you are more likely to get approved.
Totally agree with Stephen PG can only get you so far. I had great credit scores but wasn’t getting approved the bigger lines of credit until working on business trade lines. By doing so I’m over 500k in LOCs.