Shelf Corporations
Shelf Corporations are the
ultimate wealth building tool if you are looking to buy a business, grow a
business or invest in real estate. Shelf corporations are also known as seasoned corporations and aged
corporations. These pre-established companies open the door to business
loans no matter what your investment criteria is when seeking
funding.
Shelf corporations with
corporate credit allow you to access financing if you have a clean and
responsible credit history. Why is a clean personal credit history so
important? All though a corporation can obtain stellar corporate credit on its
own, its always important to maintain a healthy personal credit history because
when you are seeking business loans from banks, the financial
institution who will facilitate the business loan whether you are
personally guaranteeing the loan or not will require that you have a
clean credit history and a strong credit score.
Business loans have
different lending guidelines than their counter parts in the corporate credit
arena such as the credit card programs and vendor trade credit that people
confuse real live cash funding with. Business financing does require you
to have a clean credit history. Your past will come back to haunt you if you
have derogatory items on your report. At the end of the day the lender doesn’t
care that you went through a rough spot in life. They only see the derogatory
items on your report and will not move past that. Once they seen your report
and they turn you down you will not be able to see that particular financial
institution for another six months. That’s why it’s important to put your best
foot forward when seeking a business loan.
We encourage our clients to
clean their credit before buying a shelf corporation, we will never submit a file for funding if the borrower
has derogatory items on their report. For the majority of our clients they are
very receptive and adamant about cleaning their credit. From time to time we
get those who do not like to hear the truth about their poor credit and will
continue to shop them selves around until they hear “yes we can fund you†only
to be turned down later.
We encourage you to
monitor your credit through services like freecreditreport.com. It’s free for
the first 30 days then small nominal charge every month their after. It’s worth
it to use the services on monthly bases for the rest of your life. Freecreditreport.com
uses the experian score system which is about as accurate it’s going to get
when it comes to monitoring your credit online. The other two bureaus do not
have the best scoring system in place and their scores tend to differ
significantly.
Although you will not know
your true fico score until a lender pulls your credit report. Don’t wait till the last minute when receivables dry up and your need to
keep you business afloat. Our services are for those who care about building
wealth by being proactive about their credit history. Shelf corporations with
corporate credit are powered by SeasonedCorporations.com.