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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