Interview 001 Ty Crandall Shares His Expertise on Business Credit

Summary

Ty Crandall is a business credit expert and the author of two best-selling books on credit. In this interview, Michael and Ty discuss a range of topics including the EIN number, obtaining and maintaining business credit, vendor accounts, and much more. Whether you are a brand new business owner or not, this discussion will clarify and inform on many topics relating to credit, so take notes and re-listen if you have to. Here we go!

Covered in This Episode

  • 01:15 – Ty talks about his love of money, business, and capitalism.
  • 03:53 – What about business intrigues Ty the most?
  • 05:56 – A key takeaway for Michael every time he watches Shark Tank.
  • 08:56 – How can you obtain money for your business?
  • 11:51 – What is the EIN number?
  • 13:21 – How can you obtain a business loan if you want to start an investment business?
  • 14:24 – How can you get a credit card that is not personally guaranteed?
  • 16:49 – At what point should someone actively start building their business credit?
  • 18:46 – Steps to follow in order to build business credit, if you are a brand new business owner.
  • 20:33 – What is a vendor account?
  • 23:43 – How long does the process of getting cash credit from vendors take?
  • 26:43 – How can you get cash credit or a business loan for your business?
  • 28:41 – Ty shares information and resources on building business credit.
  • 30:24 – Ty talks about business credit repair.
  • 31:30 – Other resources on building business credit – Ty’s book and podcast.
  • 33:10 – What to do if you are contacted by Dun & Bradstreet Credibility?
  • 36:49 – What is Ty’s 6 year old son going to do when he grows up?
  • 37:57 – How can you contact Ty or his business, Credit Suite?
  • 38:44 – The question Michael didn’t ask Ty that most people do ask him.

Links Mentioned

http://www.creditsuite.com
http://www.creditsuite.com/EIN
http://www.podcastchart.com/podcasts/the-business-credit-and-finance-show
https://www.youtube.com/channel/UCfBY8CR8hKrHEAtEU5U0vcQ
http://abc.go.com/shows/shark-tank
https://www.ondeck.com
http://www.officedepot.com
http://www.uline.com

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By | 2017-01-23T16:04:37+00:00 January 22nd, 2016|0 Comments

About the Author:

Michael Quarles is an accomplished real estate broker, contractor and expert specializing in residential real estate. Michael bought his first property before age 20 and has contracted thousands of deals since then. As an active and current investor understands what it takes to be successful in today’s market. Michael is well known for YellowLetters.com, the largest marketing company for real estate investors, 1800Sell4Cash, BSFF Academy, where he teaches real estate investing, and the creator of Wholetailing. Effectively turning the industry into a hands off virtual and systemized business. Michael was at the forefront of buying real estate nationwide on a large scale. A popular podcast personality, Michael has been on or hosted over 250 podcasts. He lives in Central California with his beautiful bride, four boys, a wonderful MIL he calls mom, and a family member who is a retired Catholic priest. His life has been blessed from the love of dirt and it is his passion to create abundance and prosperity in those who desire greatness.

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