Obtaining Funding for Businesses without Proof of Income

Distinction between Business Credit and Business Funding

• Business Credit:

  • Open lines of credit with other companies (e.g., Cringer, Grill, Uline).
  • Limited to using credit in specific stores.
  • Focused on building an 80 Paydex score.
  • Important: Lenders do not care about the 80 Paydex score.

• Business Funding:

  • Use the company (new or established) and the owner's personal credit.
  • 95% of the funding depends on personal credit.
  • Facilitates obtaining lines of credit and funding from banks.
  • The focus is on obtaining money, not just lines of credit.

Funding Strategy

• New LLCs: Potentially have no documented income.
  • Use