Growing Your Business Today With Other People’s Money
Ty Crandall is the CEO of Credit Suite, a company offering concierge coaching to help entrepreneurs obtain business credit and financing. With over 18 years of experience in the financial industry, Ty specializes in business credit scoring and repair. He is also an international speaker, podcast host, and the author of Perfect Credit and Business Credit Decoded.
In this episode…
Opening a business is an exciting venture requiring significant capital. If you’re an experienced business owner with established credit, acquiring a new loan is effortless. For novice entrepreneurs, building a business credit portfolio requires patience and resources to develop a credit history. How can you receive capital while simultaneously building credit?
In pursuit of their ambitions, it’s not uncommon for entrepreneurs to risk their credit scores — sacrificing their personal assets for innovation. New entrepreneurs’ credit scores typically reflect the risks they’ve taken to launch their businesses. Without evidence of their company’s cash flow or collateral, entrepreneurs can struggle to be approved for a bank loan. Rather than applying for a loan, Ty Crandall, a business credit expert, recommends emerging organizations pursue building lines of business credit.
On this episode of the Living Legacy Podcast, Brian Fouts welcomes Ty Crandall, the CEO of Credit Suite, to discuss how to build your business’ credit without a credit history. Ty explains the difference between personal guarantees and business credits, how owners can enhance their business credit profile, and the impact of the economy on credit availability.
