Business Credit | NEW Updates During The Recession 0:00 Intro 1:00 What is business credit? 1:35 What will happen in the business credit space 6-9 months? 3:55 What can you do with business credit during recessions? 5:35 Can you still get business credit when banks tighten lending? 7:45 How business credit can accelerate real estate investing 10:18 Parting words for business credit during the recession Melvin's YouTube Channel: https://www.youtube.com/channel/UCnmjcXw0MikU0oaBmUDStGg How can we use business credit to save your business and real estate investments during a recession (technically.....we already are in one!) Well in this video we bring back our dear friend, Melvin Johnson of Maaj Capital to talk about how business credit can SAVE your business during a recession. I sat down with Melvin to give an overview of business credit and how to use business credit to save your business during a recession. So just remember business credit is credit for your business, whether it be a business line of credit or business credit card. It's credit attached to your business EIN number as compared to personal credit attached to your social security number. We get into the state of lending and how it will effect business credit and Melvin provides actionable steps to be able to secure business credit during times where banks tighten their lending requirements. Building Business Credit: $0 to $2.5 Million In 9 Months https://youtu.be/k9C8FlzEtLE 📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/thekwakbrothers ⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com 📊 Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: https://www.facebook.com/groups/bestreigroup 📡 PROTECT YOUR ONLINE DATA AND ACTIVITY WHILE CLOSING DEALS AND GENERATING NEW LEADS WITH NORDVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=40858 🔊 Our Podcast Channels: 📻First Deal Experience: 🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B 🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923 📻Property Management Automated: 🔹Spotify: https://open.spotify.com/show/1LTAeRg2ZAT1ATI1mdtWM0 🔹iTunes: https://podcasts.apple.com/us/podcast/landlording-automated-podcast/id1504548975 GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com #recession #businesscredit #realestateinvesting Given the current financial climate of the country, many banks are tightening their lending on the personal loan/credit side of the house and we can very well see that as well for the business credit. But if you have an established relationship with a bank/lender you may have some leverage for continuing business credit relationship with them. Now if you are looking to secure business credit right now, find a bank and begin building a relationship with them. What does that look like? Well open an account, do business with them, and don't mess it up because that's how you start building that relationship with them to secure more business credit. So what can you do to build a better relationship with a Bank to increase your business credit viability? Just maintain a good relationship with them and continue during the coming recession. If you maintain a good relationship through hard times, the good times will be even better. Also banks want to build a relationship with the business owners to give you access to business credit! 😃 Thanks for Subscribing & Liking our Video! ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.