Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

How to Build Business Credit in 2023 | Andrew Imbesi

How to Build Business Credit in 2023 | Andrew Imbesi

FromRyan Pineda


How to Build Business Credit in 2023 | Andrew Imbesi

FromRyan Pineda

ratings:
Length:
62 minutes
Released:
Apr 24, 2023
Format:
Podcast episode

Description

Do you want to get more capital for your business? This episode is for you! Ryan and Andrew Imbesi discuss the importance of business credit and how it can be used to get more capital. Andrew, who has an eight-figure business, has helped several hundreds of people to obtain capital for their businesses through credit and gotten millions of dollars in credit approvals. Are you living The Wealthy Way? Take my free quiz with the link below and get FREE access to my new course “Business Builder Academy” where I go over all the fundamentals of building a 7-figure business. https://www.wealthyway.com/book______________________________________________________Here's how my businesses can help you:Want to be coached by me on real estate investing? Apply at http://www.wealthyinvestor.com/case-study/ytLooking to grow in your faith and business? Join the premiere community for Christian entrepreneurs and business people. Develop your leadership, discipleship, and your faith at https://wealthykingdom.com/Are you an entrepreneur who wants to build their personal brand on social media? Go to https://wealthycreator.ioWant to utilize a full service social media agency? At Pineda Media, we film, edit, post, and personally coach you to create top level content and build your personal brand. Apply now! https://www.pinedamedia.com/Want to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in my real estate deals! Go to https://pinedacapital.comNeed tax and accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/For a free consultation with my team go to https://RyanPineda.com______________________________________________________My other social media channels:Subscribe to my real estate only channel "Wealthy Investor" https://www.youtube.com/c/futureflipper1Follow me on Social Media: https://www.instagram.com/ryanpinedahttps://www.tiktok.com/@ryanpinedahttps://www.twitter.com/ryanpineda______________________________________________________Connect with Andrew!Instagram - @andrewimbesiWebsite - https://www.bogegroup.com/homeAndrew explains that business credit doesn't report to your personal credit report, and there are many benefits of using business credit instead of personal credit. Bridge loans are another way to get business credit, where a person with credit card debt can get approved for a business credit card by paying off their personal credit first. They get a loan from a new creditor to pay off the personal credit, whom they pay back (plus a little extra) from the new business credit they can now obtain. This can be a great stream of passive income for the new creditor, and the typical bridge loan can be paid off within about a month and a half.Andrew suggests using relationship managers to get in touch with the bank. It's also important to have credit cards from both big and small banks. He notes that banks prefer borrowers to churn through their cards by spending and paying off the balance.Using gold or platinum cards can also offer additional benefits worth exploring. While a brand new LLC can get business credit, banks might say no if the borrower's personal credit is already bad or if they've opened too many new credit cards. This is where bridge loans and relationship managers come in handy!
Released:
Apr 24, 2023
Format:
Podcast episode

Titles in the series (100)

The Ryan Pineda Show features inspiration, content, and top guests from all industries. This includes business, real estate, social media, sports, health, and entertainment.Ryan Pineda is an Entrepreneur, Real Estate Investor, Influencer, Retired Pro Baseball Player, and Best Selling Author. Visit RyanPineda.com to learn more about how we can help you! For inquiries please email media@ryanpineda.com