Frequently Asked Questions
Interest Rates and Financing
At J. Galt, we work with a network of lenders who offer competitive interest rates tailored to the specific financing needs of our clients. The interest rates can vary depending on various factors such as the type of funding (property, equipment, vehicles, etc.) and the individual circumstances of your business. To provide you with accurate interest rate information, it’s important for us to understand your unique situation and requirements. I would be happy to discuss your specific financing needs further and connect you with our team of experts who can provide you with personalized information on interest rates and financing options.
The interest rates on loans can vary depending on various factors, including the type of loan, the lender, your business’s creditworthiness, and the current market conditions. At J. Galt, we work with a network of lenders who offer competitive interest rates to our clients.
It’s important to note that we do not have a fixed interest rate as it is determined by the lenders themselves. However, we can assure you that we strive to connect you with lenders who offer favorable interest rates based on your business’s credit profile and financial stability.
The specific interest rates you may qualify for will depend on several factors, such as the purpose of the loan, the loan amount, the repayment term, and the overall risk assessment of your business. Lenders will evaluate your business’s credit history, financial statements, cash flow, and other relevant factors to determine the interest rate they can offer.
During the application process, our team will work closely with you to understand your financing needs and objectives. We will review your business’s financials and credit profile and present your information to lenders who can provide the most competitive interest rates based on your specific circumstances.
It’s important to note that securing the most favorable interest rates requires a strong business credit profile and financial track record. If your business credit is still in the early stages of development, the interest rates offered may be higher initially. However, as your business builds a solid credit history and demonstrates strong financial performance, you may be eligible for lower interest rates on future loan applications.
We understand the importance of obtaining financing at favorable interest rates, and our goal is to connect you with lenders who offer competitive terms. Through our network and expertise, we strive to help you access the most advantageous loan options available based on your business’s unique needs and financial standing.
At J. Galt, we have established partnerships with a network of banks and financial institutions that understand the value of business credit and offer financing options without requiring personal guarantees. While we cannot disclose the specific names of these banks due to confidentiality agreements, we can assure you that we have a strong network of reputable lenders who are willing to extend credit based on the creditworthiness of your business.
Our team has carefully curated these partnerships to provide our clients with access to the best financing options available. We have built relationships with banks that have a track record of working with businesses and understand the importance of separating personal and business finances. These banks recognize the potential of your business and are willing to provide funding based on the strength of your business credit profile.
When you become a member of J. Galt, we will work closely with you to assess your business’s financial needs and match you with the most suitable lenders from our network. We will guide you through the application process, help you prepare the necessary documentation, and present your business in the best possible light to these lenders. Our goal is to secure financing for your business without the need for personal guarantees, allowing you to protect your personal assets while fueling your business growth.
It’s important to note that each lender may have specific requirements and criteria for approving business credit applications. Our team of certified credit analysts will work closely with you to understand your business goals and connect you with the lenders that align with your needs and objectives. Together, we will navigate the financing landscape and help you secure the funding you need to support your business’s success.
At J. Galt, we work with a network of lenders that offer business financing solutions without requiring personal guarantees. These lenders understand the value of business credit and are willing to extend credit based on the creditworthiness of your business rather than relying solely on personal guarantees. While we cannot provide an exhaustive list of specific banks, we have established relationships with various financial institutions that prioritize business credit.
Proof of these lender relationships and their willingness to provide financing without personal guarantees can be found in the success stories of our clients who have secured funding for their businesses through our program. We have helped numerous businesses obtain credit lines, loans, and other forms of financing without personal guarantees, which demonstrates the effectiveness of our approach.
When you become a member of J. Galt, our team will guide you through the process of building your business credit and connecting you with the right lenders. We will provide you with the necessary resources, education, and support to position your business for financing opportunities without personal guarantees. Our goal is to help you access the credit you need to grow and expand your business while protecting your personal assets.
Please keep in mind that individual eligibility for financing without personal guarantees may vary based on factors such as your business’s credit profile, financial standing, and specific lender requirements. We encourage you to schedule a consultation with one of our certified credit analysts who can provide personalized guidance based on your unique situation and goals.
When it comes to selling your business with a credit line attached, there are a few factors to consider. While having a credit line can be a valuable asset for your business, it’s important to understand the implications it may have on the sale process. Some potential obstacles to selling with a credit line attached include:
Transferability: Not all credit lines can be easily transferred to a new owner. It depends on the terms and conditions set by the lender and the specific agreement in place. Some lenders may require the credit line to be paid off or may have restrictions on transferring it to a new owner.
Buyer’s Perspective: Buyers may have their own financing preferences and may prefer to secure their own credit lines rather than taking over an existing one. They may also want to evaluate the terms and conditions of the existing credit line to ensure it aligns with their business goals.
Valuation Considerations: The presence of a credit line may impact the valuation of your business. Buyers may consider the debt obligations associated with the credit line and adjust their offer accordingly.
It’s important to have open and transparent communication with potential buyers about the credit line and its terms. Additionally, consulting with a business broker or professional experienced in business sales can help navigate any challenges related to selling with a credit line attached. They can provide guidance on positioning your business, negotiating terms, and finding solutions that work for both parties involved.
Yes, we can assist with refinancing SBA loans. Refinancing an SBA loan can provide various benefits such as obtaining better loan terms, reducing interest rates, or accessing additional capital. However, it’s important to consider certain factors before pursuing a refinancing option:
Eligibility: To refinance an SBA loan, you need to meet certain eligibility criteria, which may vary depending on the lender and specific loan program. We can assess your situation and determine if you qualify for refinancing.
Loan Terms: Refinancing allows you to renegotiate the terms of your existing SBA loan. This includes adjusting the interest rate, repayment period, and monthly payment amounts. Our team will work closely with you to explore the best options and help you secure more favorable terms.
Financial Assessment: As part of the refinancing process, we will evaluate your financial situation, credit history, and business performance to assess your ability to repay the refinanced loan. This helps us determine the most suitable refinancing options for your specific needs.
Benefits and Considerations: Refinancing SBA loans can provide benefits such as lower interest rates, improved cash flow, or consolidating multiple loans into a single payment. However, it’s essential to carefully review the terms, fees, and potential impact on your overall financial situation before proceeding.
Our experienced team at J. Galt can guide you through the refinancing process, provide personalized recommendations, and connect you with our network of lenders who specialize in refinancing SBA loans. We’ll help you explore the available options and find the best solution that aligns with your financial goals.
At J. Galt, we have established relationships with a wide network of lenders across various industries. Our extensive lender network includes both traditional financial institutions and alternative lenders, offering a diverse range of financing options. Some of the lenders we work with include:
National and Regional Banks: We collaborate with well-known national and regional banks that provide competitive loan programs and financing solutions tailored to different business needs.
Credit Unions: We have partnerships with reputable credit unions that offer competitive rates and flexible terms for business loans, lines of credit, and other financing products.
Online and Alternative Lenders: We have connections with online lending platforms and alternative lenders that specialize in providing quick and accessible funding options for small businesses, startups, and entrepreneurs.
Non-Profit Lenders: We work with non-profit lenders who focus on supporting community development and small business growth by offering affordable financing options.
Asset-Based Lenders: Our network includes asset-based lenders who provide financing based on the value of your business assets, such as inventory, equipment, or accounts receivable.
It’s important to note that the availability of specific lenders may vary based on factors such as your location, industry, and financial profile. We customize our approach to match your unique needs and connect you with the most suitable lenders from our network.
During our consultation, we will assess your specific requirements, financial situation, and goals. Based on this evaluation, we will provide you with personalized recommendations and introduce you to lenders who align with your business needs. Our goal is to help you access the financing options that best fit your circumstances and support your business growth.
Credit Building and Eligibility
Yes! Business credit and corporate credit are not the same, although they are related.
Business credit refers to the credit history and financial reputation of a business entity, typically associated with its Employer Identification Number (EIN). It involves the creditworthiness and borrowing capacity of the business itself.
Corporate credit specifically refers to the credit established by a corporation, or a business entity separate from its owners or shareholders. It relies solely on the creditworthiness of the business and its ability to demonstrate responsible financial management, prompt payments, and a positive credit history.
While business credit can include corporate credit, it can also involve other types of credit, such as trade credit, vendor credit, or small business loans secured by personal guarantees. The distinction is important because building strong corporate credit can help separate the business’s creditworthiness from the personal credit of the owners, providing more financial flexibility and growth opportunities.
At J. Galt, we understand the nuances of business credit and corporate credit. Our program is designed to assist you in establishing and building strong business credit profiles, which can eventually lead to independent corporate credit. We work with you to navigate the complexities of credit building, providing guidance and strategies to enhance your business’s creditworthiness and funding options.
Remember, separating personal credit from business credit is an important step in achieving financial autonomy for your business. Our team is here to support you on that journey and help you unlock the full potential of your business credit.
Monitoring your corporate credit reports is a crucial aspect of maintaining a healthy and accurate credit profile for your business. It’s recommended to monitor your corporate credit reports on a regular basis to stay updated on any changes or inaccuracies that may arise. While the frequency may vary depending on your specific business needs and circumstances, a general guideline is to review your corporate credit reports at least once every few months. Regular monitoring allows you to:
Identify errors or discrepancies: By reviewing your credit reports, you can quickly identify any inaccuracies, such as incorrect information or unauthorized accounts. Detecting and correcting errors promptly is essential to maintain the integrity of your corporate credit profile.
Track credit performance: Monitoring your corporate credit reports enables you to track the performance of your business credit over time. You can assess factors like payment history, credit utilization, and overall creditworthiness, giving you insights into how lenders and creditors perceive your business.
Prevent fraud and identity theft: Monitoring your corporate credit reports helps detect any suspicious activity or signs of fraud. Unauthorized accounts or inquiries can be early indicators of identity theft, and by monitoring your reports regularly, you can take immediate action to mitigate any potential damage.
To simplify the monitoring process, there are credit monitoring services available that provide real-time alerts and notifications of changes to your corporate credit reports. These services can help you stay proactive and address any issues promptly.
At J. Galt, we understand the importance of monitoring corporate credit reports. We can provide guidance on effective credit monitoring strategies and recommend reputable credit monitoring services to help you stay on top of your business’s credit health. Regular monitoring will give you peace of mind and ensure that your corporate credit remains strong and accurate.
No. From the finance standpoint of what we offer to members, that is outsourced to different lenders. We are, however currently exploring avenues that would report on your behalf. At the time of this response, we do not have that in place yet.
The income requirements to qualify for lenders can vary depending on the specific loan program, the lender’s criteria, and your business’s financial profile. Lenders typically evaluate your business’s income or revenue to assess its ability to repay the loan.
The income requirements can vary significantly based on factors such as the loan amount, the repayment term, the type of loan, and the lender’s risk appetite. Some lenders may have specific minimum income thresholds or revenue criteria that you need to meet to be eligible for their loan products.
It’s important to note that different lenders have different underwriting guidelines and may consider various factors beyond just income. They may also evaluate your business’s profitability, cash flow, debt-to-income ratio, credit history, and industry risk, among other factors.
During the loan application process, our team at J. Galt will work closely with you to understand your business’s financial situation and connect you with lenders whose eligibility criteria align with your specific circumstances. We will review your income documentation, financial statements, and other relevant information to ensure you are matched with lenders who can provide financing options that are suitable for your business’s income level.
To increase your chances of qualifying for loans and obtaining favorable terms, it is generally beneficial to have a steady and reliable source of income. Lenders want assurance that your business has sufficient cash flow to cover loan payments and operating expenses. Demonstrating a consistent track record of revenue generation and profitability can strengthen your application and improve your eligibility for different loan programs.
Ultimately, the income requirements will vary depending on the specific lender and loan program you choose. Our team will guide you through the process and connect you with lenders who are most likely to consider your income level and provide suitable financing options for your business.
No problem! That is why we are here. We can get you started the right way and in a way that not only works, but also lasts.
The establishment of business credit is not automatic or guaranteed simply by being in business for a certain period of time. Building business credit requires intentional actions and adherence to specific credit-building practices. Several factors can contribute to not having established business credit even after being in business for 20 years.
Here are some possible reasons:
Lack of Separation between Personal and Business Finances: If you have been using personal credit to finance your business activities, it can hinder the establishment of distinct business credit. Keeping personal and business finances separate is essential for building a solid business credit profile.
Limited Credit History: To establish business credit, you need a track record of credit usage and timely payments. If you haven’t actively sought credit in the name of your business or haven’t reported your business payments to credit bureaus, it may result in a limited or nonexistent business credit history.
Lack of Reporting by Creditors: Some creditors or lenders may not report your payment history to business credit bureaus, especially if you have been working with smaller vendors or suppliers who don’t typically report to credit bureaus. This can contribute to the absence of business credit information.
Lack of Awareness or Knowledge: Building business credit requires understanding the process and taking the necessary steps. If you were not aware of the importance of establishing business credit or the specific actions needed, it may have delayed the process.
Credit Inquiries in Personal Name: Applying for credit using your personal information instead of your business’s EIN can prevent the establishment of business credit. It’s essential to apply for credit using your business’s information to ensure it contributes to your business credit profile.
However, it’s never too late to start building business credit. By implementing proper credit-building strategies, such as obtaining business credit accounts, making timely payments, and reporting your business’s payment history to credit bureaus, you can begin establishing and strengthening your business credit profile.
At J. Galt, we specialize in helping businesses build and establish credit on their EIN. Our experts can guide you through the process, provide valuable insights, and offer tailored solutions to help you build a strong business credit foundation. Contact us to learn more about our services and how we can assist you in establishing and growing your business credit.
Yes, we can! It will have no impact on your current business score, either. Business credit is very different from personal credit in many ways. That is just one of those ways. Submit a request, and we will be happy to help for FREE.
Every client is different. The members that engage and work with us and take care of their obligations to creditors have a tremendously high success rate.
By building business credit on your EIN number that is robust and solid with the J. Galt Finance Suite credit build platform. Also, by working with the certified credit specialist assigned to your business membership.
The time it takes to build business credit can vary depending on various factors, including the current state of your business’s credit profile and your proactive efforts to establish and manage credit. While there is no fixed timeline, building business credit typically takes several months to years to achieve significant progress.
The process of building business credit involves establishing trade lines, making timely payments, and demonstrating responsible credit behavior. It takes time for credit bureaus and reporting agencies to collect and update the information on your business’s credit history. Therefore, it’s important to start building business credit as early as possible to establish a solid foundation.
In the initial stages, you can focus on setting up your business entity, obtaining an Employer Identification Number (EIN), and opening a dedicated business bank account. This helps separate your personal and business finances, which is crucial for building business credit.
Next, you can start establishing trade lines with vendors and suppliers who report payment information to business credit bureaus. By making consistent and prompt payments, you demonstrate your business’s creditworthiness and establish a positive credit history. Over time, as you add more trade lines and maintain good credit practices, your business credit profile will strengthen.
It’s important to note that building business credit is not solely about acquiring credit. It also involves actively managing your credit accounts, monitoring your credit reports, and maintaining a good credit utilization ratio. Regularly reviewing your credit reports and addressing any errors or discrepancies is crucial to ensure the accuracy of your credit profile.
While there is no guaranteed timeframe for building business credit, with consistent effort and responsible credit management, you can start seeing positive results within a few months. However, achieving strong business credit scores and establishing a solid credit profile may take a year or more.
At J. Galt Finance Suite, we understand the importance of building business credit and offer comprehensive solutions to help businesses navigate the process. Our team of experts will guide you through the steps to establish and manage your business credit effectively. By leveraging our resources and expertise, you can expedite the process of building business credit and position your business for future growth and financing opportunities.
If you have built your business credit and then stop actively using credit or making new credit transactions, it is possible that your credit score may not improve further or could potentially decline over time. This is because credit scores are based on recent credit activity and a history of responsible credit management.
When you stop using credit or making new credit transactions, there are no new positive credit data points being reported to credit bureaus. Creditors and lenders use this reported data to assess your creditworthiness and make lending decisions. Without ongoing credit activity, there is less information available to evaluate your creditworthiness, which can result in a stagnant or declining credit score.
Additionally, credit scoring models often consider the recency of credit activity when calculating credit scores. If you have a period of inactivity or lack of recent credit transactions, it can impact the scoring algorithms, potentially leading to a decrease in your credit score.
To maintain a healthy credit score, it’s important to continue using credit responsibly and actively managing your credit accounts. This involves making timely payments, keeping credit utilization low, and periodically using your credit accounts for small purchases. By demonstrating ongoing responsible credit behavior, you can maintain and potentially improve your business credit score over time.
At J. Galt Finance Suite, we provide guidance and resources to help businesses navigate the process of building and maintaining business credit. Our experts can help you develop strategies to ensure ongoing credit activity and responsible credit management, maximizing your chances of maintaining a strong business credit score.
Yes! It takes a bit longer to reach the promised land. Like personal credit, business credit has a starting point, and we all have to walk before we run. But the answer is YES!
You can. The statistics show that for those that try to do it themselves. It will typically take 5-7 years to accomplish what J. Galt can accomplish in 10-14 months. Plus, most business owners are busy building their business and do not have the time that it would take to focus that much energy on doing it themselves.
The sky is the limit. Business credit is based on utilization and payment history. The more you use and the earlier you pay it off, the higher the limits can go.
Depending on whether or not you have any encumbrances tied to your EIN like UCC filings, the typical client sees results their second month with an escalated build from that point month over month.
No. Utilization and payment history and how timely you are in the payoffs has a large impact on the amount of credit you are qualified to receive.
For select vendors that report to Dun and Bradstreet, Business Equifax, and Business Experian you may have to use a personal guarantee in the early stages of your credit building process. However, there are many others that still report and do not require any personal guarantees. It depends on the type of credit that fits the needs of your business.
Corporate credit is tied to your EIN, and business credit typically has your EIN and a personal guarantee associated with your social security number.
Every membership is different. There are a lot of different factors that may come into play while building your10 business credit to the $50K marker. However, that is just the bottom side of what we typically do. The credit goal for many businesses is frequently much higher. You may need 100’s of thousands or perhaps a million dollars plus. Each business is different, and we approach every member journey specific to their business needs and goals.
Personal Credit and Debt
Building business credit and maintaining a separate credit profile for your business can have a positive impact on your personal credit. When you establish business credit and manage it responsibly, it allows you to separate your personal and business finances. Here’s how it can impact your personal credit:
Limited Personal Liability: By building strong business credit, you can reduce your personal liability for business debts. This means that business credit obligations are separate from your personal credit, protecting your personal assets in case of business-related financial difficulties.
Decreased Reliance on Personal Credit: When you have a solid business credit profile, lenders and suppliers may be more willing to extend credit to your business without requiring personal guarantees or relying solely on your personal credit. This reduces the need to use personal credit for business expenses, freeing up personal credit capacity.
Improved Credit Utilization: Business credit utilization doesn’t impact your personal credit utilization ratio, which is an important factor in personal credit scoring. By using business credit for business expenses, you can keep your personal credit utilization low, which can positively impact your personal credit score.
Separation of Credit Profiles: Building business credit allows you to separate your personal and business credit profiles. This separation helps prevent business credit issues from negatively impacting your personal credit score. It also gives you the opportunity to establish and grow a strong business credit history independent of your personal credit history.
Enhanced Borrowing Power: As your business credit profile strengthens, it can increase your borrowing power as a business owner. This can provide you with access to better financing options and favorable terms for your business, reducing the need to rely on personal credit for business needs.
However, it’s important to note that while building business credit can have positive impacts on your personal credit, it’s crucial to manage both credit profiles responsibly. Late payments or defaults on business credit obligations can still have indirect effects on your personal credit if they are personally guaranteed or reported on your personal credit report.
It’s recommended that you consult with a financial advisor or credit expert to understand how your personal credit may be affected by your business credit activities and to develop strategies for managing both credit profiles effectively.
No, incurring debt is not the only way to raise your credit score. While responsible borrowing and timely repayment can positively impact your credit score, there are other strategies to improve your creditworthiness without taking on unnecessary debt.
Build your business credit on your business EIN. Pay off the debts associated with your SSN# using better credit opportunities with higher limits and better rates, typically, only tied to your business EIN.
Business Valuation and Cash Flow
Cash flow mapping and QuickBooks are two different tools used in financial management, particularly for tracking and analyzing cash flow within a business.
Here’s the difference between the two:
Cash flow mapping is a financial planning and forecasting technique used to project future cash inflows and outflows over a specified period, typically monthly or quarterly, based on historical data. This helps business owners and financial professionals better understand their cash position, identifying potential shortages, surpluses, and opportunities for optimization.
QuickBooks is a popular accounting software used by businesses to manage their financial transactions, including income, expenses, invoices, and bank reconciliations. It offers a range of features and tools that simplify accounting processes, such as bookkeeping, budgeting, and financial reporting. QuickBooks allows businesses to track their income and expenses, categorize transactions, generate financial statements, and perform various other accounting functions. It provides a centralized platform for managing financial data and automates many manual tasks, making it easier to maintain accurate and up-to-date financial records.
While QuickBooks provides comprehensive accounting capabilities, including cash flow tracking and reporting, cash flow mapping is a separate financial planning technique that focuses specifically on projecting and visualizing cash flow patterns. Cash flow mapping can be done manually or with the help of specialized cash flow mapping software or tools. QuickBooks can be used in conjunction with cash flow mapping techniques to track and analyze actual cash flow data, compare it with projected cash flows, and make informed financial decisions based on the insights gained.
When using cash flow mapping software, you typically need to input various data points related to your business’s cash inflows and outflows. The specific data required may vary depending on the software or tool you are using, but here are some common data elements you might need to include:
Revenue: Input your expected or historical revenue figures, which can come from sales, services, or any other sources of income for your business.
Expenses: Include all types of expenses, such as rent, utilities, salaries, inventory costs, marketing expenses, loan payments, and any other regular or one-time expenditures your business incurs.
Receivables: If you have outstanding customer invoices or accounts receivable, enter the expected payment dates or estimated collection amounts for better accuracy in your cash flow projections.
Payables: If you have outstanding bills or accounts payable, input the due dates or expected payment amounts to reflect the timing of your cash outflows.
Seasonal Variations: Consider any seasonal fluctuations or trends in your business, such as peak sales periods or months with higher expenses. Adjust your cash flow projections accordingly to reflect these variations.
One–Time Events: Account for any significant one-time events or expenses that may impact your cash flow, such as equipment purchases, loan repayments, or tax payments.
Cash Reserves: If you maintain cash reserves or savings for emergencies or specific purposes, factor them into your cash flow mapping to account for inflows or outflows related to these reserves.
Future Projections: Based on your business strategy and market conditions, input any anticipated changes or growth factors that might affect your cash flow, such as planned expansion, new product launches, or changes in pricing.
Remember, the more accurate and detailed your input data, the more reliable your cash flow projections will be. Regularly update the data as your business evolves and compare the actual cash flow with your projected cash flow to make adjustments and improve your financial planning.
Vendors
No. If you know the underwriting criteria of other lenders and vendors you are welcome to solicit their business. even if you do not know that information, you can solicit whomever you would like. However, the likelihood of needing them when we have already pooled all the best within our suite of lenders and vendors is not too likely.
There a several business credit monitoring services out there that we have access to and will recommend for your use.
General Inquiries
The J. Galt Finance Suite follows a systematic process to assist members in building business credit on their EIN (Employer Identification Number). Here is an overview of the steps involved:
Initial Consultation: The process begins with an initial consultation where a J. Galt representative discusses the member’s business goals, credit needs, and answers any questions. This consultation helps determine the member’s specific requirements and tailor the program accordingly.
Account Setup: After the consultation, the member’s account is set up in the J. Galt Finance Suite platform. The member receives login credentials to access their account, where they will find a suite of tools and resources to assist them in the credit building process.
Education and Guidance: The member is provided with educational materials, videos, and resources that explain the key concepts of business credit and how to navigate the program effectively. These materials help members understand the steps involved and the importance of building strong business credit.
Business Credibility: The member proceeds to complete various steps to establish business credibility. This includes entering accurate business information, such as the business name, address, entity type, EIN, phone number, website, and business licenses. These steps help ensure consistency and accuracy in business data across different sources.
Business Credit Reports: The member’s business is connected to the major business credit bureaus, such as Dun & Bradstreet, Experian, and Equifax. This connection allows the member to establish business credit reports with these bureaus, which are crucial for building business credit.
Vendor Accounts: The member gains access to a network of reputable vendors that extend credit to businesses. By utilizing these vendor accounts and making timely payments, the member starts to build a positive payment history, which is a vital component of business credit.
Business Credit Cards: The member is guided on how to obtain business credit cards that are specifically designed to help build business credit. These cards, when used responsibly, contribute to the member’s payment history and demonstrate creditworthiness to lenders.
Financing and Lending: As the member’s business credit profile strengthens, they gain access to various financing and lending options. J. Galt has partnerships with lenders who are willing to extend credit to businesses with strong credit profiles, providing members with opportunities for funding and growth.
Ongoing Monitoring and Support: Throughout the credit-building process, the member receives ongoing support from J. Galt’s team of experts. Members can monitor their progress, access educational resources, and seek guidance whenever needed to ensure they stay on track with their credit-building goals.
Continued Credit Building: Building business credit is an ongoing process. J. Galt’s program provides a roadmap for continued credit building, helping members maximize their credit potential and expand their access to funding as their business grows.
It’s important to note that the specific details and timelines may vary for each member, as the credit-building process is influenced by various factors such as the initial credit profile, industry, and business circumstances. However, the J. Galt Finance Suite provides a comprehensive framework and guidance to help members navigate the process effectively and achieve their business credit goals.
On average you will spend around 4 hours your first month in amalgamated time (15 minutes here and there) meeting with your consultant and inputting data. Thereafter you will most likely spend a total of 1-1.5 hours per month for the next 11 months refining aspects of your member journey and credit build.
Typically, from beginning to end, the process will take approximately 10–14 months, depending on the needs of your business and what you want to achieve.
