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.
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