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Advanced Fee Loan Scams
There are a handful of companies across the U.S. and in Canada that advertise that they offer a business credit building package, and some that they are 'verified lenders'. All but a few of these are legitimate. In part, the internet has created a breeding ground for scammers to collect money from people looking to start new businesses, and offer no, or very little in exchange.
Listen to a Testimonial from a client that obtained financing through business, not personal, credit Click Here
Initial Underwriting Group is a privately held company that specializes in helping both start-ups and existing companies establish and build business credit while acquiring alternative business financing. Initial Underwriting Group requires an upfront fee however, this fee is value based, and covers the time and expenses involved with building the client's business credit.
Beware of Scams. Scams involve collecting an upfront fee in order to get the small business owner the business financing that was advertised. Loan scams require an upfront fee to pay for alleged insurance on the money since they don't ask for collateral, or payment for processing the business loan. This is a scam tactic. In some cases, once the consumer pays the fee, the 'company' is never heard from again. In other instances, empty promises are made and the 'company' drags the process on and eventually stops corresponding with the client. Initial Underwriting Group is different. IUG first reviews your situation and only asks for a payment if hired out to build the client's business credit, and give consultative advice on helping with business credit image.
We ask that you do a bit more research when it comes to building business credit. When comparison shopping make certain that companies have an SBA logo like we do at the bottom of the site, and are mentioned in national publications. Feel free to contact us directly or click here to learn more about our group of experts.
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Why Paydex not Fico Score?
The Paydex Score is the business credit score equivalent to your personal FICO score.
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Small Business Loans
A business has the ability to build a credit score for itself that is not associated with personal credit.
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Business Credit
Personal Credit and Business Credit should be kept separate as much as possible.
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Personal vs. Business
You have a fabulous small business idea, but you need a business loan.
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Small Business Accounts
Have an account for a rainy day.
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