About Us
Bright E. Erhabor
is a financial / mindset coach, a multifaceted entrepreneur, an IT enthusiast, and a motivational speaker.
As a motivational speaker and sales expert, his desire is to create an empowering environment that attracts individuals and groups with a growth mindset, prosperity consciousness, and a servant-leadership mentality.
Through this environment(community), he aims to foster the fulfillment of purpose and destiny, ultimately raising influential leaders who positively impact their surroundings and the marketplace."
WHO WE ARE
Dedicated to excellence and service.
Our mission is to empower entrepreneurs to achieve their biggest business goals with proper funding. We help business owners find the credit, capital, and support needed to establish and grow a thriving business.
Get access to up to $150k in business credit lines, Traditional Financing such as SBA Financing, and the widest selection of Alternative Business Lending products. Plus we empower your growth with coaching, motivation and accountability, and a community of like-minded business owners. We go beyond just financing – we give you the tools and support needed to take your business to the next level. Let’s work together to fund your dreams a reality.
Live Expert Coaching and Support
Personalized Funding Strategy
24/7 Online Access
OUR EXPERTISE
Dedicated to Finding You The Best Funding
Get the expert guidance you need to find the best funding option for your growing business. Let’s create the perfect funding plan to get your business the money it needs to grow!
OUR BLOG
Latest News & Article
How To Build Your Business Credit 101
A Step-by-Step Guide
Building business credit is an essential step for any entrepreneur aiming to secure funding, improve financial stability, and position their business for long-term success. Unlike personal credit, business credit reflects the financial health of your company impacting your ability to obtain loans, secure favorable terms with suppliers and attract investors.
At Billotech Business Solutions and My Credit Repair Doctor, we specialize in helping entrepreneurs and small business owners establish a strong business credit foundation. A good business credit score can unlock better financing options, improve relationships with suppliers and vendors, and enhance credibility and reputation.
Why Business Credit Matters
Our team at My Credit Repair Doctor can guide and help you fix your personal or business credit report.
As a business owner, having excellent business credit can:
- Unlock better financing options
- Improve relationships with suppliers and vendors
- Enhance credibility and reputation
- Reduce interest rates and fees
Step 1: Establish a Business Entity
To build business credit, you need a legitimate business entity. This can be:
1. Sole proprietorship
2. Partnership
3. Limited liability company (LLC)
4. Corporation
Our experts at Billotech Business Solutions can help you register your business and obtain EIN.
Step 2: Obtain an Employer Identification Number (EIN)
An EIN is a unique nine-digit number assigned to your business by the IRS. It's required for:
1. Opening business bank accounts
2. Filing taxes
3. Applying for credit
Step 3: Open a Business Bank Account
Separate your personal and business finances by opening a dedicated business bank account. This helps:
1. Track business expenses
2. Build a credit history
3. Improve financial organization
We recommend choosing a business-friendly bank with reporting capabilities.
Step 4: Establish a Credit File
Contact the three major business credit bureaus:
1. Dun & Bradstreet
2. Experian
3. Equifax
to verify your business existence and create a credit file.
Step 5: Build Credit with Suppliers and Vendors
Establish relationships with suppliers and vendors who report payments to credit bureaus. Make timely payments to demonstrate responsible credit behavior.
Step 6: Apply for Business Credit Cards
Apply for business credit cards to:
1. Build credit history
2. Improve credit utilization
3. Earn rewards and benefits
Choose cards with favorable terms and reporting to credit bureaus.
Step 7: Monitor and Maintain Your Credit
Regularly:
1. Check credit reports for errors
2. Verify payment history
3. Maintain a healthy credit utilization ratio (30% or less)
4. Avoid negative marks (late payments, collections)
Expert Credit Repair and Building Services
At My Credit Repair Doctor, our team of credit experts can help you:
- Improve your business credit score
- Remove errors from your credit report
- Develop a customized credit building plan
Get Started Today!
By booking an appointment Billotech Business Solutions and My Credit Repair Doctor to schedule a FREE Consultation and take the first step towards building a strong business credit foundation.
Phone: (888) 828-6998 or (718) 413-6059
Email: [email protected]
Website: https://billotechbusinesssolutions.com/
FAQs
Q: How long does it take to build business credit?
A: Building business credit can take several months to a few years.
Q: What's a good business credit score?
A: Aim for a score of 80+ (Dun & Bradstreet), 50+ (Experian), or 100+ (Equifax).
Q: Can I build business credit as a sole proprietor?
A: Yes, but consider forming an LLC or corporation for better credit separation.
Conclusion
Building business credit is a crucial stop for any business owner looking to secure financing and establish a strong financial foundation.
By following these steps and partnering with Billotech Business Solutions and My Credit Repair Doctor, you'll establish a strong business credit foundation and unlock better financing options for your business, that will in return build a robust business credit profile that will open doors to new opportunities and support your business's growth. Start today and watch your business credit - and your business thrive.
Testimonials
Real results from business owners just like you
Cheryl Reisner, a former bank lender from Shreveport, Louisiana. The suite’s business credit building process unlocked more funding options than she ever imagined, opening up new possibilities for her business. Cheryl believes every business owner can benefit from the Business Finance Suite, as it revolutionizes how they operate.
Louis, a Miami-based business owner found success using the Business Finance Suite, which helped establish a business credit profile. This enabled them to apply for funding without using their Social Security number, eliminating personal liability for credit applications. The speaker highly recommends this program to fellow business owners.
Edward from El Paso, Texas, struggled to secure funding for his small businesses until discovering the Business Finance Suite. Within a month, the suite helped set up his business correctly, establish trade lines and revolving credit, and now he’s on track to receive funding. Edward guarantees it’s worth the investment and only wishes he’d found it sooner.
