Ways to Use Corporate Credit to Earn More

“How can corporate credit really make me more money?”

We asked 5 start-up founders what they invested their company’s credit into. From leveraging revolving credit lines during seasonal swings to paying for essential tools and subscriptions, there are several ways that businesses owners have used credit to grow their businesses.

But first…

We have to show you how owners are multiplying their profits with credit…

Meet Adriana. 

She started her own jewelry line a couple years ago. Her business was growing slowly. Five months ago, she decided to join Corporate Credit Secrets to help her get business credit. She soon got approved for $100K business line of credit.

In the past few weeks, she’s already used over half of her line and paid it back. She invested $50,000 in inventory and $10,000 in marketing. She made $81,362 in sales and she has an average profit margin of 40%.

Let’s do some math:

This means she earned a 34.9% ROI in just ONE MONTH (22,937.50/60,000). Let’s say she does this every month without increasing her sales volume. That’s a 418% RETURN PER YEAR!

Think about it. If you can build a stellar credit profile and secure $100K like Adriana, all you’d have to worry about is where you’re going to put the piles of cash that your business will generate.

And just in case that wasn’t inspiring enough, this is how 5 other startup owners use corporate credit to improve & grow their companies…

♦ Credit Cards Make Bookkeeping Easier

“You can use your credit card to do business online with ease and make smooth and faster transactions with contractors, vendors, and suppliers. Most cards come with online record-keeping tools that you can use to manage your accounts, which certainly makes bookkeeping easier. The year-end account summary can be used to track, manage, and categorize your business expenses. This will come in handy even if you use an outside professional to navigate your audit and pay your taxes. It also makes employee spending easier to monitor.”
-Kris Lippi, I Sold My House

♦ Leverage Revolving Credit Line for Seasonal Swings

“Our business model is very seasonal, revolving around students’ schedules and static exam dates. As a result, we see massive seasonal shifts in cash inflow and outflow. To accommodate these volatile cash movements, we leverage a revolving line of credit to finance operations during peak times, followed by account receivable collections in the following weeks to pay the line back down. Having a revolving line of credit enables us to get quick access to larger amounts of capital to sustain operations during breakneck periods, followed by the ability to pay it down quickly without incurring fees or penalties. For small businesses with seasonality which cause swings in cash flow, it’s a powerful tool.”
-John Ross, Test Prep Insight

♦ Purchase and Maintain Equipment

“During hectic seasons, we may need help ensuring we have enough equipment. We also need to keep what we have up and running. Our clients rely on us, and we rely on credit to purchase new equipment to serve them. We also utilize our credit line to fund maintenance since it’s usually much cheaper than buying new vehicles.”
-S. White, Novus Maintenance

♦ Pay for Essential Tools and Subscriptions

“My business relies on various online tools and digital subscriptions for day-to-day tasks and to provide a comprehensive service to clients. These include collaboration apps, analytic tools, web development software, and many more—all of which are critical to my business’s continued operation. This is why I choose to pay for these tools with credit, as I can make scheduled and automatic payments that ensure zero interruptions to our work processes. It also means I enjoy various benefits, such as points that I can exchange for rewards and the opportunity to build up my creditworthiness.”
-John DiBella, NetLocal Digital Marketing

♦ Backup Business Funding

“Set your credit as backup funding in your lowest cash flow times to sustain business operations. Stock raw supplies and equipment you’ll be needing during peak seasons. Good credit will provide you with more flexible funding options for your business. By using your credit as a backup business funding solution, you won’t risk touching your personal savings or taking a high-interest loan.”
-Tim Hill, Social Status

Want a step-by-step program to take you through the process of getting corporate credit for your company so you can get approved faster?

Join Corporate Credit Secrets Today

Been in business a while? Think you already have a credit profile for your company?  Odds are – you don’t. Make sure to lookout for tomorrow’s post – we’ll show you what you need to do.

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