Banks HATE Start-Ups!

If your company is less than 2 years old, you will find it almost impossible to get a loan from a bank. So how can an entrepreneur eliminate that problem and add years to their corporate resume?

The answer is with the use of a shelf corporation.

What is a Shelf Corporation?

A true shelf corporation is a company that was formed years ago for the sole purpose of putting it on a “shelf” to age, and then resold after it has matured to a fundable age. These corps are free from any liens or encumbrances and have never conducted business or been attached to a Tax ID number.

Banks HATE start up companies. Most banks will not lend money to brand new business entities. Having a longer clean corporate history may help you get approved sooner for those cash lines and business credit cards.

Building business credit is much like building anything else, you start with a foundation and work your way up. Your business credit foundation is your business itself. Acquiring lines of credit without personal guarantees or using your personal credit scores means that you're going to need to establish your business foundation for building credit.

Benefits of a Pre-Established Corporation:

By owning a pre-established corporate entity, you are able to take advantage of the following benefits:

1. Instant availability & fast delivery
2. Show longevity of company filing
3. Immediately own a company with a filing history
4. Ready for immediate transfer as no stock are currently issued
5. May help when applying for contracts and financing

Contact me for more information if you are looking to avoid the obsatcles and pitfalls of most start up companies. 417.396.2883