I used to do things the traditional way, whether at home or at work.
There was a time I needed a loan for my company's expansion project so I naturally approached my bank for a loan.
I have diligently taken great care to build my business credit so that I could take advantage of it one day that I would need financing.
At the bank, I was surprised to know that my request for a loan was disapproved.
What use is my small business credit if I'm not able to use it when I need it? I tried to look for a solution and finally found the secret to getting business credit from a shelf corporation.
I couldn't believe that it was so much easier to get a huge amount of financing through a shelf or aged corporation.
It is a company or corporation that was established years ago but kept inactive until someone buys it.
That way its credit history is impeccable and it will be easier to get a loan through it.
If I had known it would be that easy, I wouldn't have bothered getting all worked up not being able to use the business credit I built up for years.
Aside from getting financing, a shelf corporation has other advantages.
Due to the fact that it was established a long time ago, it adds credibility as a long standing company.
You can also bid for contracts that are reserved for companies that have been in business a long time.
I think it is a great way to get funds when you need it right away.