Your Business Credit Foundation

Banks and lending institutions are going to go over a 20 item checklist before they approve your business for any kind of financing.  Whether you are looking for a line of credit, a business credit card, or a bank loan, lenders want to make sure that you have a solid corporate foundation so that they are confident you are going to pay back the loan.

Many of these items seem to be quite simple to accomplish.  At least this is what you think.  One of the items on the 20 item check list is making sure that your business is listed in the directory assistance data base under your business legal name.  This is what most people know as the 411 directory.  Many lenders will call the 411 directory assistance and ask for your business phone number under your business legal name.  If in fact your business legal name isn't listed along with a proper business phone number, it will be quite difficult for that lender to justify approving your business for business financing.

Your business phone number and legal name must be listed in the 411 assistance directory.  Lenders use it to make sure you have a good solid corporate foundation.

One thing to keep in mind when trying to submit your phone number and legal business name to directory assistance is that each phone network might have different information.  For example, if you are a Verizon Wireless customer and you call directory assistance, your business legal name with a proper phone number might very well be there.  However, if you then call from a friends phone and they are an AT&T customer, your legal name and business phone number could be wrong or not there at all. 

Our system will guide you step by step on how to be 20 item lender compliant so you can be approved for true unsecured business financing.

So the concept seems pretty easy but it 's usually not the case.  Our system offers a free submission to all the assistance 411 directories.  Both your business legal name and business phone number will be listed so that if in fact lenders do check, you are in good standing.  Our system will take you step by step on how to be in compliance with all 20 items.

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