Wiseman Finance Press Releases

Separating Business Credit from Personal Credit!

Wise Man Finance (WMF), a business financing and consulting company is bringing more value to business owners. Having business credit has become more challenging in today’s market than ever before. This is why Wise Man Finance is now showing clients how to build business credit the right way. Many small business owners are familiar with the concept of business credit; however, business owners do not know where or how to start. Wise Man Finance solves this problem.

Separating business credit from personal credit is vital for small business owners. Many business owners have made the mistake of using personal credit to fund their business ventures. Using personal funds may work for the short term, but what about those who are in business for the long run? Personal finances can take your business only so far. For example, a personal credit card usually has the maximum limit of $25,000; whereas, a business credit card has a maximum limit of $75,000. Running a business requires access to large amounts of credit. To take this concept a step further, carrying large balances on personal credit can substantially lower your credit scores; whereas, carrying large balances on your business credit will not lower your business credit scores. This is just one advantage of why it is important to establish business credit.

“Over the past few years we have been asked by clients to develop a program to show small business owners how to properly develop business credit. In response, Wise Man Finance now offers a state-of-the-art program allowing business owners to build solid business credit” explained Joseph Ferriolo, CEO of WMF. “Small business owners can now properly establish business credit profiles with Experian Smart Business Reports, Equifax Small Business Financial Exchange and Dun & Bradstreet.”

Business Credit Programs

Clients have the option of two credit building programs offered by Wise Man Finance. The first program is a do-it-yourself program. The client is provided with online access to building their business credit at their own pace. They also receive email support if they need help along the way. The second program is the business credit coach. The client is assigned a business credit coach as well as online access. The business credit coach will walk the client through the entire process of building business credit the right way.

What Can Business Owners Expect to Learn?

Business Credit Reporting Agencies: Do you know what it takes to build business credit with the three major business credit reporting agencies; Experian, Equifax and Dun & Bradstreet? Well now you will. WMF will show you how to establish a new file or make sure your current file is reported accurately. You will have how-to instructions for getting set up "the right way" with each Business Credit Reporting Agency. The information is clearly spelled out and the methods have been tested and proven by thousands of clients.

Vendor Credit: A vendor line of credit is when a company (vendor) extends a line of credit to your business on "Net 30, 60 or 90" day terms. This means that you can purchase their products or services up to a maximum dollar amount and you have 30, 60 or 90 days to pay the bill in full. Does your business have vendor credit? Does the vendor report to the three major business credit agencies? Believe it or not the majority of vendor credit lines do not report to your business credit. Stop guessing! WMF will show you where and how to get your vendor credit reporting.

Revolving Business Credit: By definition this business credit allows your business to use, pay off, and reuse the credit line. In order to properly build business credit this is a necessity. Have you ever asked yourself the question which banks are the best banks to apply with? If I apply what are the requirements? Which ones only report to my business credit and not personal? Stop worrying! WMF will show you where and how to get your revolving business credit lines.

Small Business Loans: This is probably the most widely asked question. Where and how do I get a small business loan? Local banks are turning away new businesses and even tenured business when requesting a small business loan. Are there any banks still lending in today’s market? The short and simple answer is yes! Find out who the experts take their business clients to for a small business loan.

 

About Wise Man Finance Business Credit

Wise Man Finance is a business financing and consulting company. WMF has been helping small to medium sized businesses receive financing in a tough economic climate. WMF has helped thousands of business owners' start and grow their business credit. WMF is known for not only getting business owners money but giving their clients the education on how to properly use the business credit. To learn more, visit Building Business Credit.

Affordable Business Plans

Wise Man Finance (WMF) is a leader in small business financing.  With their division called Wise Business Plans, they are offering consumers professional business plans written for them at an affordable price.  Small business owners or those looking to start a business can now outsource their business plan writing to an experienced, reliable and reputable company.

Whether you own a small business or start-up company and are looking for a loan from a bank, leasing a new location, funding from investors, or just need to create a roadmap for your company’s success…Wise Business Plans can help you get started today. Wise Business Plans is the known leader when it comes to writing customized business plans. They have become the leader in the business plan industry for one simple reason; they write the business plan for you at an affordable price. You no longer have to worry about becoming an expert business plan writer. They take your business ideas and thoughts and put them into a tangible format that banking institutions require.

Wise Business Plan writers are professionals with years of extensive business writing experience. Each business plan is custom tailored to you and your business. The business plan writers will consult and provide valuable business knowledge for your business plan. Their experts understand business and will know how to present your ideas. Wise Business Plans believes in making plans affordable. They are unique because they do not charge thousands of dollars like their competition. In fact, they only charge $399.00, an unbeatable price for unbeatable service.

“We have found many new business owners do not have the time to adequately write their business plan,” explained Joseph Ferriolo, CEO of Wise Business Plans. “New and existing business owners need the assistance of a professional to properly lay out the information about their product or service. Business plans are becoming a requirement for bank loans, investors, and even obtaining a lease. Our expert writers ask the right questions to make sure your business has a winning plan. We are able achieve this for our clients without breaking the bank.”

Have a Business Plan Already? - Wise Business Plans can get your business plan updated by a professional. Each year business owners should look at their business plan and define new milestones. Has your business taken on a new direction, product or service? Your business plan is a guide to the future success of your business. But who has the time to sit down and rewrite a business plan while running a business? Wise Business Plans does! Let their expert plan writers update your plan today.

How Does It Work?

There are three simple steps in getting a professional business plan written.

Step One. You will speak with a "live" person! Their expert business plan writer will learn about your business and ask you the important questions to accurately complete your business plan.

Step Two. Wise Business Plans not only learns about your business they actually write the business plan for you. Their experts know what the banks are looking for and will write your business plan accordingly. In fact, they have successfully helped thousands of small business owners write business plans for Small Business Administration (SBA) loans.

Step Three. With your cooperation they will have your business plan completed in as little as 72 hours! Wise Business Plan writers know timing is everything. Therefore they make you and your business a priority.

“At Wise Business Plans we have streamlined the process to offer professionally written business plans at an affordable price,” explained Joseph Ferriolo, CEO of WMF. “According to the SBA it takes the average entrepreneur 400 hours to complete a business plan. Writing a business plan takes a lot of thought, time, and consideration. Handing off the business plan to experts is the smart thing to do. Let us do what we do best, write effective business plans.”

About Wise Business Plans

Wise Business Plans is a business writing company that caters to individuals and small business owner’s looking for business plans written for them. Our staff is experts with years of experience in writing business plans. We have written business plans for just about every industry out there. Chances are they already know a little about your industry. To learn more, visit Wise Business Plans.

Affiliate Program

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Wiseman Finance - Growing Larger

The leader in small business financing now has a new finance program for small business owners. Wise Man Finance has lead the country in helping small business owners with small business loans, unsecured revolving credit lines, and equipment leases. Wise Man Finance (WMF, http://www.wisemanfinance.com) is now able to provide funding for business owners with less than perfect credit scores. Over the years Wise Man Finance has earned an impeccable reputation for great service. Acquiring business financing and maintaining high customer service standards seems to be impossible in this market; yet Wise Man Finance has been able to accomplish this task by being rated the highest company in customer service by outside sources. Knowing the needs of business owners Wise Man Finance is now offering an “alternative financing program”. Wise Man Finance can help small business owners receive a cash advance up to $150,000 in as little as 10 days! We have found auto repair shops, restaurants, liquor stores, dry cleaners, medical offices, and retail stores to be a great fit for this type of alternative business financing.

Las Vegas, NV June 18, 2010 -- Wise Man Finance can help small business owners receive a cash advance up to $150,000 in as little as 10 days! Over the years Wise Man Finance has earned an impeccable reputation for great service. Acquiring business financing and maintaining high customer service standards seems to be impossible in this market; yet Wise Man Finance has been able to accomplish this task by being rated the highest company in customer service by outside sources.


Knowing the needs of business owners Wise Man Finance is now offering an “alternative financing program”.

Business Funds to Grow Your BusinessBusiness Funds to Grow Your Business

Traditional banks require a business owner to provide financials and collateral to secure a small business loan. This is not the case with Wise Man Finance’s merchant cash advance program. “A merchant cash advance does not require tax returns or collateral,” explained Joseph Ferriolo, CEO of WMF. “In fact, the business cash advance is based on the historical sales of the merchant’s Visa and MasterCard processing. We have found auto repair shops, restaurants, liquor stores, dry cleaners, medical offices, and retail stores to be a great fit for this type of alternative business financing.”

Pay Back

Paying back the cash advance is easy since the payments are based on your credit card sales. A small portion of each credit card sale goes towards paying back the merchant cash advance without interfering with your cash and check receipts. Since there are no fixed repayment amounts and no fixed repayment terms, this gives flexibility to the business if they are having a slow month. Even small business owners with low personal credit scores are able to obtain high approval rates. Qualifying for a merchant business loan is easy. The business just has to process at least $5,000 a month in Visa and MasterCard payments and be in operation for at least six months.

Additional Business Funds

After the initial advance is paid back 70%-80% of business owners renew and receive a new merchant advance. This is proof that businesses find this type of financing to be advantageous. The funds can be used for inventory financing, payroll, marketing, advertising, equipment, or working capital.
“We want business to know financing still exists,” Ferriolo stated. “We help the small business owner make it through the difficult times. Wise Man Finance puts a lot of time and research into strategically aligning themselves with business banks. Each bank we have partnered with has to meet our internal qualifications. We are excited to launch our new merchant cash advance program and know it will give small business owners more financing options.”

About Wise Man Finance

Wise Man Finance is a business consulting company that caters businesses in need of financing. The firm’s small business programs help businesses obtain unsecured working capital from $20,000 to $150,000 within 21 days with little to no paperwork. To learn more, visit http://www.wisemanfinance.com.

Even in Today's Economy

Even in Today's Economy, Wise Man Finance Offers Funding for Small Businesses

LAS VEGAS, March 11 /PRNewswire/ -- While big banks refuse to loosen their grip on credit, one business consulting firm wants small businesses to know the news is not all bad. In fact, by working with smaller business banks, Wise Man Finance (WMF, http://www.wisemanfinance.com) is able to provide funding for new and established small businesses in spite of the deepening recession.

Offering revolving lines of credit, streamlined Small Business Administration (SBA) loans and equipment leasing, WMF is filling a need shared by most small business owners and franchisees: the need for easily accessible funding, especially in the start-up stage.

"Big banks are usually tailored to larger dollar transactions, typically $100,000 to $2,000,000. They say there's not enough profit in working with smaller loans," explained Joseph Ferriolo, CEO of WMF. "In addition to that, they want to look at the applicant's financials, they want to see a track record of being in business for at least two years, they want to make sure the applicant is showing a profit, and they want collateral. Many times, that's a lien on the applicant's home."

In contrast, WMF works with new and existing businesses. The firm does not ask for business or personal financials, and even in the case of SBA loans, applicants are not required to provide collateral.

WMF is able to offer such a streamlined process because it works specifically with 23 small banks. The firm's clients can borrow up to $25,000 from the SBA. For revolving lines of credit, if the client meets certain criteria, WMF guarantees a minimum of $40,000.

Ferriolo founded WMF in response to his own needs as a small business owner. Throughout the 15 years he worked in the banking industry, Ferriolo owned small businesses, and like many small business owners, he repeatedly ran into the issue of funding. Through trial and error, he developed the system he now offers through WMF.

"A new business getting funding in this market is unheard of," Ferriolo stated. "But it is absolutely possible and we're helping to make it happen every day. The small banks we partner with have more relaxed financing requirements than the large banks, and they certainly are more stable right now than the bigger banks are. We are excited to let small business owners and franchisees know the credit market has not dried up for them."

About Wise Man Finance

Wise Man Finance is a business consulting company that caters to start-up businesses. The firm's small business programs help businesses obtain unsecured working capital from $40,000 to $100,000 within 21 days with little to no paperwork. To learn more, visit http://www.wisemanfinance.com.

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http://www.wisemanfinance.com

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