Business F.A.C.T.S. Membership FAQs:

How do I get started?
Once you have signed up for our program and confirmed your membership, we will create an account with a unique username and password for you to use. This will be your way into the platform, and you can begin going through the steps to create a bankable business.

How long will it take to build business credit?
That depends – if you are focused on completing the required steps, you could see results in the form of a business credit report, as soon as you register your company with the credit bureaus. This could happen in a matter of days or weeks. If life gets the best of you and you are slow to take the required steps, then this process will take longer. The ideal time frame to start getting reporting trade lines of credit within the first month and strong business credit scores within three months.

Will I ever be “done” building credit?
Just like your personal score, a business credit score is never “done”. These scores are fluid and they change. You will always want to pay attention to and strengthen your company score. The good news is the stronger your score gets the more you can potentially get in funding.

What if my personal credit score is bad?
Not a deal breaker – the great thing about business credit is that it is separate from your personal score. This separation of scores allows anyone, with any personal score to build a business credit profile for funding.

What if I get stuck on a step?
If you are stuck on a step, you can refer back to our virtual coaches in the system or your live coach to give you direction and guidance. You can also contact one of our trusted partners or vendors in the system if it applies. If you are still stuck, open a help desk ticket with your questions and we will do our best to get you the answers you need.

Can I get more funding?
It depends – as you continue to solidify your business credit profile it is very likely you will continue to get larger amounts of capital from lenders for your business. If you still want more capital and your personal credit is in a good place, there are many lenders you can work with.

Can I build a credit score for more than one business?
Of course! Each company you set up can have its own credit score. However, the platform is only designed to input information for one business at a time. If you would like to send multiple companies through the process all at once, let us know and we can talk about options for opening up multiple accounts for you.

Can you help set up my business?
Yes – this is the first step in the compliance process. We are happy to help with this important step.

Where can I find my business credit score?
Inside the system you are shown how many reporting business credit trade lines your business has and you are provided with easy links to access your full business credit reports and scores.

How important is it to complete all steps?
The true question is- How important is it to you to be compliant and get the most business funding possible? Lenders needs to “check all their boxes” when considering approving you for funding and if you skipped a step and fail to meet even one requirement you may be turned down. We recommend completing ALL steps.

Can I skip a step and go straight to funding?
If you are not already lender compliant,
we don’t recommend it. Lenders need to “check all their boxes” when considering approving you for funding and if you skipped a step and fail to meet even one requirement you may be turned down. We recommend completing ALL steps.