Episode 130 – Understanding Business Credit with Ty Crandall

Share the joy

In this episode of Business Growth Time, we discuss “Understanding Business Credit with Ty Crandall.”

Listen to Episode via Podcast:

Watch the Episode on Video:

About Ty Crandall:

Ty Crandall is an internationally known speaker, author, pod show host, and business credit expert. With over 18 years of financial experience, Ty is recognized as an authority in business credit building, business credit scoring, and business credit repair. Ty is the author of two popular books on credit named Perfect Credit and Business Credit Decoded. He is often interviewed on radio and news shows, TV programs, and magazines including Entrepreneur and Inc. Ty currently serves as the CEO at Credit where he has helped create and grow one of the biggest and most credible business coaching operations in the United States.

Time Stamped Show Notes:

04:46 – Let’s get to know Ty Crandall

05:59 – Ty Crandall | Business Credit Expert

08:04 – Personal credit to build the business

09:47 – Business Credit: What It Is and Why You Need It

09:35 – Transition in business credit

Small businesses can start exactly the same way, right from the inception of the business and the more credit you build then the more reliance of personal credit gets distant in distant away.
Walmart buys using 80% credit financing
Lack of knowledge is a barrier

11:06 – What’s interesting about Business credit?

12:17 – How to Build Business Credit: Get Your Business Established.

The business really should take on that risk on its own credit profile, so the risks you are taking are on the business, not tied to personal credit.
Have a good personal score and then you also have the business credit profile and score, which reflects most of what we’re used to with entrepreneurs taking risks.

15:22 – Step-by-Step Guide to Getting the Business Credit You Need

When you’re filling out an application for credit or financing make sure that what you’re putting there reflects into a legitimate credible business.
Get credit by using office supply places, Uline, Officemax, and even Costco, then pay off amounts, and this helps build your credit. This gives you a start to building business credit.
Be sure to register your business phone with 411.

22:31 – How long does it take not to touch your personal credit anymore?

24:10 – Adding Your Child as a Credit Card Authorized User

The key is to really get it and then use it and the more you’re using it, the higher your future limits will be.

28:22 – How Ty Crandall can help you build your credit?

Go to their website CREDIT SUITE, tap into the free information, it’s a great place to get started.
Grab the free stuff, grab that free guide it’s been downloaded over two million times

29:52 – Entrepreneur’s Guide to Building Business Credit

Make sure that the information you’re putting in an application is congruent.
Have a website and email that is line with each…rather than using a gmail. Phone numbers have to be consistent because their data gathering for credit is scouring all points of your business.

37:09 – Connect with Ty Crandall

To learn more about Ty Crandall, visit his website here.

For his Facebook page, explore here.

For their Instagram, check this out.

For his YouTube Channel, watch here.

For their company website, check this out.

_____________________________________________________________

We really hope you got lots of value out of this. If you feel so inclined, we would love to hear from you by leaving us a review on iTunes.

_____________________________________________________________

TO LEARN MORE ABOUT JANET AND WHAT SHE OFFERS:

Sign-up and learn more here:

Janet’s Social Strategies 101 Community