Business Credit for Beginners | What is PG? | Top 5 FAQ's

[@KelvinMcNeil]

🎓Join GreenScale Academy: The Most Comprehensive Business Credit & Real Estate Funding Community Ever‼ If you're ready to break generational curses and build wealth click the link below to join the family and get mentored by Kelvin McNeil ➡ go.greenscaleacademy.com

[@LouJefe]

Dope video

[@KelvinMcNeil]

Clarification: In this video I got a little too excited when talking about WHEN you should PG. I stated “you should PG everytime” If you have great personal credit. In reality, what I was trying to say is you should PG only when necessary once you’ve established business credit. However, as stated in this video.. when you’re just getting started I recommend leveraging your good credit to PG when possible to get approved for vendors & gas cards etc that would otherwise be difficult to obtain as a start-up business. As you continue to grow your business’ credit profile, you’ll want to focus on letting your business stand on its own two feet.

[@lorainec38]

Kelvin is so awesome again bringing us sustainable information. Because of Kelvin we have open our restuarant with his vendors list. We now have 12 vendors that we can pay 30 days out. BOOM! Kelvin is real! Love ya

[@gathonmcgowaniii5575]

I can't afford the virtual office at this time. I'm using postal so far. I don't have any business credit yet. Great nuggets thank you. I

[@KelvinMcNeil]

It’s okay to use your home address until you can afford one or for good.

[@DD_12XSquared]

Good information!

[@vencebuchanan]

Great video!!

[@nakeshagordon]

Thank you for sharing McNeil

[@duaneragas2130]

Thank you for always sharing!

[@El-kstreetzvending]

🙏TRUE STORY🙏 I set up an appointment w/ this Influential gentleman but b4 I did that I spoke w/ D&B the day b4 & his words lined rt. up to his words👍Rt. on point,,THANK U KEVIN,,,4 the ENCOURAGEMENT 💯& Guidness,,Ur the real MVCM='s,,,,MOST VALUEABLE CREDIT MENTOR...💯💥👍🔥😉

[@annerturner3694]

Kevin, after watching your first video on business vendors tier 1 and tier 2 I was amazed how much knowledge I gain. I subscribed. Thank you for helping small business owners to scale to the next level. God Bless you!

[@KelvinMcNeil]

Absolutely, my pleasure. Thanks for subscribing!

[@LouJefe]

I was wondering 💭 I been paying these business net30s I’m like how long I gotta do this, thinking 🤔 to myself. You just saved me a lot of money!!!! 💰 😂 Frfr thank you 🙏 You just got a new Subscriber!!!

[@KelvinMcNeil]

No problem. Thanks for subscribing. Once you get some non Net 30s you’ll be set.

[@duende_arbol]

I just found this channel and I'm really here for the information, but I'm having a hard time paying attention bc I keep cracking up. I love your sense of humor!

[@KelvinMcNeil]

Thank you!

[@gynamcelwee8070]

You are amazing! Thank you, King!

[@KelvinMcNeil]

and so are you. Thanks Queen!

[@stephaniebrown3410]

I'm delighted to be here! NEW SUBBIE💛🌞

[@KelvinMcNeil]

Welcome Stephanie! I’m glad you’re here.

[@candiacewilmore835]

How can I set up a time to talk to you . I didn't see it under the video

[@KelvinMcNeil]

calendly.com/greenscalecredit/business-credit-coaching

[@MsPks]

Great information

[@KelvinMcNeil]

Thank you!

[@FoodTrucksForDummies]

Thanks for the break down on PG. blessings Kevin

[@RachelMcNeil]

Thank you for sharing your knowledge I need to schedule a one on one business consultation with you.

[@KelvinMcNeil]

Anytime! 😅

[@TravisPernell]

Good info, bro!

[@georginagraham5809]

Hi Kelvin, great content, keep it up! I have business credit history but Dun and Bradstreet said there's no credit history on their website? Does that mean the credit card companies didnt report my credit history?

[@GudFella7]

Just gained a new subscriber, i appreciate u for all tha game❗️

[@KelvinMcNeil]

Thanks for subscribing!

[@nacorbyculver6478]

Would like a one on one as well

[@KelvinMcNeil]

calendly.com/greenscalecredit/business-credit-coaching

[@krichard87]

These videos are so helpful

[@valeriefreeman1402]

Awesome

[@timothyobi1]

Can you elaborate more on why virtual office is better than virtual address?

[@KelvinMcNeil]

Quite simply a virtual office is real. “Virtual addresses” are only mailboxes. No different than P.O. Boxes, except when you goggle the address it will show a random retail space that’s affiliated with UPS, FEDEX etc or it will be an actual post office location. However, a virtual office is a real office space that you share with other businesses. Think of a high rise building that has a list of businesses on the wall that says which floor each business is on. This is a virtual office because you can actually hold a meeting there once reserved. Far different than just some random place that’s giving you an address you can list.

[@valeriederiso7904]

I am new to your channel! I love your channel it have showed me a lot within thirty minutes!!! How can I get one on one coaching/advance from you?

[@KelvinMcNeil]

Hello Valerie! Welcome to my channel. You can book a coaching session with me here calendly.com/greenscalecredit/business-credit-coaching

[@redeem7677]

Great video as always. Can I receive physical mail where I can go pick them up from a Virtual Office?

[@arcticwolfx8]

New subscriber and i appreciate your videos man, as well as the humor in them lol. so far i have no paydex score and im looking to build my business credit fast, im starting at tier 1 accounts like Quill etc, but would you recommend using PG to apply for tier 2 accounts sooner like gas cards, costco etc? my credit score is decent at 733, i just figured i would get your opinion.

[@KelvinMcNeil]

If you don’t mind PG’ing, yes you have excellent personal credit so it will help you get gas cards straight out the gate.

[@arcticwolfx8]

@@KelvinMcNeil You're the goat! i appreciate the hell out of you fam.

[@KelvinMcNeil]

@@arcticwolfx8 and I appreciate you too. 💯

[@annasmart2478]

Hi Kelvin! I love listening to your videos. Very helpful! Are you still available for a business credit consultation? When I tried to sign up in the description, the firm showed personal consult.

[@KelvinMcNeil]

Hello Anna! Thanks watching. Yes, I’m still available. Here’s the link calendly.com/greenscalecredit/business-credit-coaching

[@clevewestmoreland8265]

🔥🔥Thank you for helping all of us and giving great info 💪🏾 Is their any guidance on how to create an Experian and Equifax commercial account🙌🏾

[@KelvinMcNeil]

No problem! Just get vendor accounts that report to Equifax. No extra steps required

[@rashabradley5579]

Can you provide some insight on which banks are best to use when opening a business bank account?

[@KelvinMcNeil]

Already made a video covering this. Check it out, you’ll find it on my channel.

[@rashabradley5579]

@@KelvinMcNeil thank you. Which video is it? I’ve looked through all of your business credit vids and can’t find it. I apologize in advance if its in plain sight.

[@KelvinMcNeil]

@@rashabradley5579 kzbin.info/www/bejne/nmXGnpZ7nJVpoLc

[@jauquilmason8687]

@Kelvin McNeil is it too late to schedule a consultation??? I need help.

[@KelvinMcNeil]

No it’s not. You can still book if needed at calendly.com/greenscalecredit/business-credit-coaching

[@BroRhy-TheInspirationGuy]

Thanks for your videos. Can I use my register agent address for my LLC instead of a virtual office?

[@KelvinMcNeil]

Yes, as long as this address is also listed as your business address everywhere else including the Secretary of State.

[@joaquinc808]

Kelvin McNeil my registered agent off is a CPA office, do we have to ask them for permission to have the address under the business address as well? or is it something that is completely acceptable and sometimes expected to have on both lines of article of organization?

[@scottsellers8967]

Good day, what are your thoughts about Davinci office space?

[@KelvinMcNeil]

I'm not familiar with them but when I looked at their website I saw they offer the types of virtual offices I recommended in this video which is great.

[@nonstopboogie137]

Will having an apartment as my business address hurt my chances of being approved for business credit, Net 30’s, etc.?

[@KelvinMcNeil]

Not during the early stages.

[@nonstopboogie137]

Thank you. Is it too late to pay for a one on one session?

[@KelvinMcNeil]

@@nonstopboogie137 no, it’s not too late. Here you go: calendly.com/greenscalecredit/business-credit-coaching

[@OrchidCatherine]

Kevin, thank you for so nice videos! 13:39 I still don't understand the issue of a virtual address. If I register LLC with a virtual address and I get EIN with the same virtual address - is it bad? Should I change it to a virtual office address? Is it so important if I have a very small business?

[@KelvinMcNeil]

It’s okay when you’re 1st starting out but when it’s time to graduate to tier 3 commercial vendors or you’re ready to apply for funding you’ll need a virtual office if you have an E-commerce business.

[@GLOW_WITHIN1]

@@KelvinMcNeil clearly understood.

[@tezt3740]

About the virtual officeadress ..I live in miami beach and most use the same office address and have virtual business address (only ) but chase bank or any other bank even nkbc ..didn't recognize as business address for business account ( they offer virtual office but how would that be different if it's the same address) I'm confused by this

[@freemusicdownload8909]

do we have to send all parcels to virtual addresses?

[@KelvinMcNeil]

Anything that lists your business address as your shipping address will go to your virtual office & then they’ll forward it to your home.

[@KelvinMcNeil]

I don’t recommend ever listing your home address as your shipping address for business purposes, because this could create a duplicate business credit report/profile.

[@leejones4140]

I have business fuel cards do these report to Exxon Mobil business pro Fuelman RTS Carrier Service

[@KelvinMcNeil]

Most gas cards report to Experian at minimum. IDK who RTS reports to, you should call and ask.

[@dante009.5]

Ay bro, when it comes to a company like ecredible are they only advantageous when you use them to link your utility bills, etc.? Or do they report regardless?

[@KelvinMcNeil]

Even if you don’t link any bills to your account the subscription you pay to eCredable BusinessLift itself reports regardless. The accounts you link are just additional trade references that can also be reported separately.

[@dante009.5]

​@@KelvinMcNeil Gotcha! It asks for a social though, is that cool? Its still non-PG, right?

[@KelvinMcNeil]

@@dante009.5 yeah it’s no PG. They have to verify your identity.

[@dante009.5]

@@KelvinMcNeil understood! And to confirm, all of the linked accounts have to be under my businesses name? For instance my utility bill, cell phone bill, internet, etc? I appreciate the prompt replies...You really are putting people on and setting up people 4 success

[@KelvinMcNeil]

@@dante009.5 either your business name or the business owner’s name.

[@monicafuselier4069]

I would love to schedule a one-on-one

[@KelvinMcNeil]

calendly.com/greenscalecredit/business-credit-coaching

[@Camille-d8b]

Can I get a virtual office a different state from where my business is registered.

[@KelvinMcNeil]

I wouldn’t recommend it.

[@sebrinadaniels2996]

Kevin, I can't tell you how much I enjoyed your video. Even though I had heard a lot of the info before, your presentation in an informative, relaxed, educational way helped me to UNDERSTAND more of what I NEED to, CAN, and SHOULD do to make the necessary changes. Your honesty also helped take a lot of the edge off, and even though my plate is full, I'm sure it'll get done. I feel I have an ally. Thank you. Subscribed.

[@KelvinMcNeil]

Yes, you have an ally in me. Thank you for watching and subscribing! I appreciate you and I'm glad you found this video enjoyable.

[@roses4me451]

@@KelvinMcNeil You are the G.O.A.T. Kelvin! I like your videos because your are straight and direct with your content without all the "sound effects, bells & whistles". This is great content. I will be in touch. Thanks for sharing. #ANOTHERONE

[@KKing-hn3iz]

One on One please and thank you!

[@jaggymo10]

year l8r.. lessgetit

[@KIDDBIZEE]

I’m currently using a virtual office with regus and I got declined the fuelman card because of it. What should I do ?

[@KelvinMcNeil]

They told you it was the reason for your denial? If so, are you sure it’s a virtual office & not a virtual address? Some vendors just don’t like ‘em regardless. I don’t recommend VO’s unless you have no other option.

[@KIDDBIZEE]

@@KelvinMcNeil it’s a virtual office 🤷🏾‍♀️

[@ravenlynn1213]

What is NAV?

[@KelvinMcNeil]

A business credit monitoring service that helps you build credit. kzbin.info/www/bejne/d6qUXntofpZph7M

[@destlovee1452]

I have my virtual address with postal1 I was told I shouldn't use them anyone have a reason why? Also when I signed up for my LLC i used my personal address how do I update it for the IRS? Is there a form I need to fill out.

[@KelvinMcNeil]

www.irs.gov/faqs/irs-procedures/address-changes/address-changes

[@destlovee1452]

@@KelvinMcNeil Thank you so much!

[@KelvinMcNeil]

@@destlovee1452 you’re welcome!

[@teeso4476]

@@KelvinMcNeil Hi I need clarity on the business address vs. Physical address usage. Virtual office vs. Virtual address? I used my physical home address for my LLC per the state requirements as well as for the IRS/EIN. I use the ipostal virtual address for my business address/shipping needs, is that right? How do I maneuver between the two addresses? Which is the correct way to avoid future issues?

[@KelvinMcNeil]

@@teeso4476 no state requires you to use your personal address as your business address. You must chose 1 and stick with it. Having two different addresses listed will cause automatic denials. Update your address on IRS.gov (EIN), Secretary of State, and all 3 credit bureaus (D&B, Experian, and Equifax)

[@mauricealford7415]

Kevin im a owner operator with a trucking business do you have a course where u help owner operator with not so good personal credit but have a ein # as well db # get a line of business credit thanks

[@KelvinMcNeil]

You can schedule a business credit coaching session and I’ll help you get started.

[@jermainemcintyre1936]

How can schedule a one on session with you

[@KelvinMcNeil]

@@jermainemcintyre1936 calendly.com/greenscalecredit/business-credit-coaching

[@tremaynemoody7170]

I need a coaching session

[@KelvinMcNeil]

calendly.com/greenscalecredit/business-credit-coaching

[@harrismovementllc9972]

Hello there . I have a serious question. I've watch your video on KZbin when you was explaining business credit and how to establish business credit an my question is I'm making a box truck business I will be getting my LLc an everything else on this coming Friday , now once I start establishing credit with using vendors an I reach that 80 credit score can I purchase my 26ft box truck with my business credit even if I haven't actually earned money yet ? Please get back to me ASAP thank you so much

[@KelvinMcNeil]

Yes you can if you leverage your credit. Hopefully you have a good credit, if not I can assist you. Otherwise you will need to continue building your business credit.

[@tarajahudson1245]

Is it too late to schedule a 1 on 1?

[@KelvinMcNeil]

No, it’s not. calendly.com/greenscalecredit/business-credit-coaching

[@debrarandolph3556]

I would like a one on one with you please

[@KelvinMcNeil]

calendly.com/greenscalecredit/business-credit-coaching

[@debrarandolph3556]

Hi Kevin I would like a one on one with you.

[@KelvinMcNeil]

@@debrarandolph3556 calendly.com/greenscalecredit/business-credit-coaching

[@corderiodrumwright5804]

Have some questions that i think you can help me out with 🙏🙏

[@KelvinMcNeil]

Sure. What’s up?

[@corderiodrumwright5804]

Yes thank you for your time I have a home address instead of a virtual address what is the best way apply a virtual address or should i keep it ??? My next question is I already set up 3 net 30 account for my small business what would be the next step into building my business??? LAST question I would like to have a one on one with you when the time is available for you....thank so much your time

[@demetriusnickens6803]

How do I get in contact with you

[@KelvinMcNeil]

How may I help you?

[@demetriusnickens6803]

Need help with business accounts for my investment business.. like hone depot or lowes or sams ..my business is buy houses and land

[@demetriusnickens6803]

May help filling out business online accounts

[@KelvinMcNeil]

@@demetriusnickens6803 you can schedule a one-on-one here 👉🏾 calendly.com/greenscalecredit/business-credit-coaching

[@jamesjenkins5038]

One on One Please

[@sabrinahorn8125]

Great video! So if I have already created my LLC using a virtual address vs a virtual office will I be able to switch that with the SCC in my state before proceeding with opening my business banking account and applying for trade lines?

[@teeso4476]

Yes I need this answer as well because I only have a virtual address as well.

[@HeadfulofHair]

I remember you said to buy things at the end of the month like the 26th, but I can't remember when you said to pay the bill, did you say pay BEFORE the statement is generated? Thanks in advance!

[@KelvinMcNeil]

Pay your bill as early as you like after the INVOICE is generated.

[@HeadfulofHair]

@@KelvinMcNeil Thanks sooo much for responding! And thanks for your time helping others build & repeat!

[@NoahIII]

So are you not afraid of defaulting on your business loans and card with PG? That terrifies me

[@KelvinMcNeil]

Absolutely not. You are in control of your financial health; no one else.

[@6daylogistics497]

Awesome info

[@tarajahudson1245]

Is it too late to schedule a 1 on 1?