How to get 100k of 0% Credit on a New Business | Moises Santos

How to get 100k of 0% Credit on a New Business | Moises Santos #shorts #credit #credithacks #finance

In this video I will be going over the simple steps you need to take to get ready for 0% funding.
Step 1. Go to the secretary of state website and apply for a new LLC.
Step 2. Then go to IRS.gov and apply for your EIN number (employer identification number) It's basically your company's social security number. Then you let the LLC age for a minimum of 90 days for the best approval odds with the highest limits.
Step 3.You will go to the DNB website to register your business, this allows for your business to start building its own credit.
Step 4. Then you are going to open a Chase business checking account using your brand new LLC’s EIN then you will deposit a minimum of $2,000 in the new checking account for a minimum of 21 days prior to your application day. This step is very important because you are establishing a relationship with Chase. Chase just so happens to be the hardest to get approved for, BUT they do give out the biggest card limits out of all the lenders, so Chase is very important!
Step 5. You are going to make sure your credit is above 700 preferably 740+ on all Bureaus Experian, Equifax and TransUnion , all personal credit cards are going to be paid under 30% utilization for best results!

Secretary of State website: https://www.sos.ca.gov/
IRS Website: https://www.sos.ca.gov/
DND website: https://www.dnb.com/marketing/media/d...
Chase Business Checking: https://www.dnb.com/marketing/media/d...

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