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Business Credit Card

Features And Benefits

  • Visa/MC Corporate Credit Cards Funds come in the form of business Visa/MC credit cards in the company name These cards are non vendor specific i.e. The cards will NOT be cards that can only used with certain stores, like a Macy’s, Staples, or Home Depot card.

  • Introductory 0 Rate on Purchases and/or Balance Transfers for the first 6-12 months on most, if not all the cards.

  • Rates as low as 6.99% – 17.99% or so on purchases after the Introductory Period. Rates vary based on strength of the guarantor’s personal credit profile.

  • Pre revenue and startup companies can apply and receive these cards also, as well as established companies Biggest factor for approval is strength of personal credit.

  • These Lines of Credit Do Not Report To Personal Credit as long as accounts are in good standing. We’ve compiled a list of lenders that will not report the client’s accounts to the client’s personal credit report Clients keep their business and personal credit separate.

  • Possible additional promotional rates in the future. We can teach clients how to use ac counts strategically, so that after the initial 0 rates expire, they can increase their chances of getting additional promotional rates in the future Some past clients consistently get 0% on Balance Transfers for 12-18 months, with just a one time 2-4% balance transfer fee.

  • No collateral required Clients don’t have to tie up personal assets to obtain financing.

  • Revolving Accounts Lines of Credit can stay open for the life of the business.
  • Up to $150,000 in Business Credit for business entities less than 2 years old.

  • Up to $250,000 in Business Credit for business entities more than 2 years old.

  • Accounts will report to client’s business credit profile every month which will help the company be more likely to get higher approval amounts and better terms on other Cards, Loans, and Lines of Credit in the future.

  • We provide the client a Fast, no cost Funding Estimate usually available within one busi ness day Clients need to submit a one page pre qualification form and a three bureau per sonal credit report This way they have a reasonable expectation of approval amounts.

  • Most clients receive one or more ‘Instant Approvals’ where a lender approves their ap plication in 48 hours and sends out the cards right away In this case, the client can receive 30-50% of the total funding they are going to receive within about two weeks.

  • Clients typically receive all cards in as few as 15 days, nearly always within 30 days.

  • Balance Transfer Checks Clients who use their accounts properly for the first 6 months or so may be offered Balance Transfer Checks by the lenders They can use these checks to make a deposit right into a business checking account, allowing them to be completely liquid.

  • Credit Limit Increases available after properly servicing the accounts for a few months Past clients have doubled and tripled their limits on some cards within 15 18 months, with some clients building up to 50 000 to 100 000 per card Clients must request increases.

  • MWCC has over two hundred relationships with national, regional and local commercial bankers, underwriters, and investors Our relationships with these lenders help to ensure that our get clients the highest approvals and best rates available, specific to their situation.

Some Potential Uses

  • Cash Flow Management Tool Helps a new business owner keep his cash on hand for things like payroll, while they can use the cards for other things that they can pay with CC for, like:
  • Buying product/stocking the shelves
  • Launch Marketing Campaign/Advertising/Branding
  • Upgrade business systems/infrastructure
  • Upgrade storefront
  • Operating Capital
  • Real Estate Investors can use the funds to purchase materials for a rehab project
  • Balance Transfer Checks can be used to turn the Credit into Cash, which can then be used for down payment or purchase of equipment or property, or for any other cash transaction.

Business Credit Card Applicants

Completed pre qualification form

Guarantor with a strong personal credit profile (700+)

A business entity (LLC, C Corp, or S Corp is preferred by Sole Prop is okay)

A business EIN(Not required for Pre Qualification / Funding Estimate)