Thread: Corporate Credit & Shelf Corporations

We wholesale'm buddies.

If you need more info, or trying to raise capital for projects or investments...let me know.

(FYI. If you have heard of these tools being used to raise capital, PLEASE speak with me, and don't let someone scam or hustle you into believing a "to good to be true" story.)

Originally Posted by KingNasim

We wholesale'm buddies.

If you need more info, or trying to raise capital for projects or investments...let me know.

(FYI. If you have heard of these tools being used to raise capital, PLEASE speak with me, and don't let someone scam or hustle you into believing a "to good to be true" story.)

wow - 8 posts? you couldn't wait til 10 to blow your wad?

- chuck

Originally Posted by carendt242

wow - 8 posts? you couldn't wait til 10 to blow your wad?

- chuck

Haha. Hey, life is short right? I've been shafted in the past, so if I can help anyone trying to succeed...that's my turn on..

Nice sig

I just looked this up....

Here is my question, seasoned, "A" credit businesses are having a hard time getting business credit lines right now, and many of those with existing lines are having their limits drastically reduced or frozen. An obvious sign of the times.

I question how someone can obtain a credit line for a corp that has simply been registered for a few years yet has no books, no history, no references, nothing....

This may have worked over the last few years, but now?

Originally Posted by Spencer

I just looked this up....

Here is my question, seasoned, "A" credit businesses are having a hard time getting business credit lines right now, and many of those with existing lines are having their limits drastically reduced or frozen. An obvious sign of the times.

I question how someone can obtain a credit line for a corp that has simply been registered for a few years yet has no books, no history, no references, nothing....

This may have worked over the last few years, but now?

Excellent point. Depends how much funding you're looking to obtain. Also, shelf corps with an establish DNB build are used as "loop holes" to get funding. If you're just trying to get money without using the corp or credit build,....I'd say you'd be lucky to get $20k..and thats assuming you have good credit.

As a small company that is striving to survive I know all to well that trying to get capital especially in my line of work is a chore. We are at a serious impasse right now and trying to find any way to "finance" this situation is difficult.

Originally Posted by 503Tim

As a small company that is striving to survive I know all to well that trying to get capital especially in my line of work is a chore. We are at a serious impasse right now and trying to find any way to "finance" this situation is difficult.

There are ways to enhance your chance still. Business Credit, Business plan.

Originally Posted by KingNasim

Excellent point. Depends how much funding you're looking to obtain. Also, shelf corps with an establish DNB build are used as "loop holes" to get funding. If you're just trying to get money without using the corp or credit build,....I'd say you'd be lucky to get $20k..and thats assuming you have good credit.

So essentially purchasing a shelf corp is a round about way of buying a good DNB credit score? But, what about when they ask for documentation during underwriting? Tax returns, financials, references, etc, etc.

So assuming this worked, whats a reasonable amount of credit you could expect to be approved for using a shelf corp? Do the shelf corp sellers guarantee a credit approval? Looks like some of them are quite expensive for simply "chancing" a credit approval.

There are a LOT of guys scamming these corps, and some of them even have liens attached. I can help you get one that's clean and from CA.
NEVER can ANY company guarantee funding unless they have a lending license, or ites their own private money. I have clients getting as high as 75-80k,...and some get 2k or nothing. Personal Credit is a huge factor. Not only the scores, but also the experience. When you're applying at lenders, some will still allow stated applications. Those are the one's you're looking to apply at..