Business Credit Builder Program
Get your business set up the right way to meet lender and credit issuer approval requirements.
HIGH-Limit Revolving Credit Cards
Creditability with our Aged Corporation's
Business Credit without a Personal Guarantee
Why Our Business Credit Builder Program?
With our Business Credit Builder Program, your business credit lines will encompass four tiers/levels of credit, to include:
Net-30 Vendor Accounts (3 tradelines)
Low-End Revolving Accounts (3 tradelines)
Mid-Range Revolving Accounts (4 tradelines)
High-End Revolving Accounts (4 tradelines)
Top tier creditors will include: MasterCard, VISA, Discover, and American Express business accounts.
Clients will finish our program in 120 days, with 14 tradeline accounts, $100,000 in business credit, and an "A" business credit rating established under their company name, provided they have followed our program guidelines.
According to the United States Department of Revenue, most business loans and credit lines are available today don’t come from big conventional banks. Instead, most business loans now come from alternative lenders and investors.
And these alternative lenders only typically offer 1-2 limited funding programs, ruining your chances of getting a good loan and minimizing the amount of money you can get if you don’t meet the requirements of these specific and limited types of loans.
At Lends Well, we work with all legitimate types of funding programs available today, offering funding through hundreds of investors and lenders through a multitude of different funding programs. These lenders all offer their own different and unique lending requirements, so it’s tough to navigate these alone and know all your options… which is where we help.
Ever Thought About Buying An Established Aged Business, Instead Of Starting A New Company?
We do offer Aged Shelf Companies. Companies that we formed ourselves, placed up on the shelf and have maintained all the State required records and fees. We guarantee in writing that they are all clean and pristine. They do not have EIN#, bank accounts, trade lines, D&B credit scores. They have never been used and this is the reason we can make such a guarantee.
Who uses Shelf Companies and why?
To save the time and effort involved in creating a new company. Let’s say you have a real estate closing or transaction and would like to use a Corporation or LLC and need it right away. In most cases, our shelf companies will come with a PDF copy of all your Articles the same day you order, and you can utilize them that same day. In many cases a bank account can be established for the entity the same day.
To have the ability to bid on contracts. Some jurisdictions require a company to be in business for a certain length of time in order to bid or qualify for consideration.
Leasing equipment. Often leasing companies don’t like to lease to companies that are less than six month old.
Perception in the market place that the company has a longevity. Maybe you have been a sole proprietor for many years and now have decided to incorporate. You don’t want to appear to new or potential customers that you “just started”, but rather have been in business for awhile.
Privacy. The reality of the world we all now live in is there is very little privacy or the ability to have privacy. We are often lead to believe that anyone seeking privacy must be “trying to hid something” or they are “doing something illegal”. Therefore, if we have “nothing to hide” we should file and display all of our personal and business dealings for public review, approval and consumption. This is simply not true. There are many legitimate, legal and varied reasons for one wishing to keep ones personal and business dealing out of the prying public eye. Fortunately Wyoming is a State that still believes citizens can and most importantly still have a RIGHT to do so. Wyoming still has the Old West mind set that if you want privacy, you have a right to it. That's why most of our aged corporations are in Wyoming.
These corporation buying lists change without notice. Unless otherwise noted, these aged corporations were incorporated by us and put on the shelf. These aged shelf companies come with Certificates Of Good Standing from the state, Articles of Incorporation from the state and one year of Registered Agent Services. All state fees are paid up to the renewal date of the Wyoming shelf corporation unless otherwise noted. If you choose to purchase a Corporate Binder the following will be included: 20 pre-printed stock or membership certificates, corporate seal, and suggested meetings minutes.
These aged shelf companies for sale can be registered in any other state as a foreign company doing business in that state, if you need an aged company in a different state.
Unless otherwise noted, most aged corporations do not have EIN’s issued yet (except the Texas Corporations which do have EIN numbers and a few others). These are clean aged shelf companies. They have never been used and as such have no credit or assets. Photo ID and copy of credit card required for all aged sales.
Our largest inventory of aged companies are Wyoming aged shelf corporations and these include Public Record Address Service for the first year. We also have aged corporations for sale in the other states listed below. Corporate Binders are not included in our prices, they can be ordered for $100. Any changes that are made after an order is placed will incur a $100 change or restocking charge.
Our Aged Corporation States:
Alaska, Arizona, California, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Montana, Nebraska, New Mexico, New York, Ohio, South Dakota, Texas, Utah, Wisconsin
Get the Business Loans & Credit Lines You Want and Need, When You Need Them and Even when Banks Might Say “NO.”
Our program is a full-service program, not a "Do it Yourself" program. It does not involve a "Coach" since we complete the steps for you.
Over $10 billion lent to 50,000 small businesses globally.
Better Pricing For Community Businesses
Lends Well "Business Credit Building Program" was created with a big idea: to have a high approval rating for our clients by building a strong creditable Business Credit Profile that stops lenders rejections at its tracks. When you work with us, you’re not working with a faceless and gigantic banking organization. Right away, you’ll be assigned to your own personal Finance Care Specialist who will work directly with you to develop your Finance Blueprint with all the funding options you can qualify for now.
And, your blueprint maps out the steps to get you even more (and perhaps even better) loans and credit lines in the future. It’s easier when you know what they want and need and how to boost your own business credit profile.
Once your select the Custom Package you’d like from the options Below, our team goes into action working with lenders and investors to get your business prepared for approval, while building your Business Credit Profile.
Your Dedicated Finance Care Specialist helps you get approved, negotiates rates and terms, and helps you through all aspects of the funding process until your loan proceeds are in your bank account.
With our help, and when you know how, you can get a business loan or credit line:
Regardless of Personal Credit Quality
Even with No Assets to Pledge as Collateral
Even with No Revenue
By working with all legitimate funding sources and a wide range of loans and credit lines, we can often get you approved for multiple loan and credit line options, maximizing the amount of capital you receive.
Custom Funding Packages:
Build Your Business Credit Profile With Our Do It Yourself Blueprint.49.97 US dollars
Build Your Business Credit Profile in 120 Days With (14 Tradelines).798.97 US dollars
Build Your Business Credit With Our Shelf Corp Aged 1 Year - 2 Year.5,898.97 US dollars
Build Your Business Credit With Our Shelf Corp Aged 2 Years & Up.4,698.97 US dollars
Build Your Business Credit With Our Shelf Corp Aged 6 Months - 1 Year.2,798.97 US dollars
Working Capital Loan Frequently Asked Questions
What is the Paycheck Protection Program?As a part of the CARES Act and Consolidated Appropriations Act, 2021, the Paycheck Protection Program provides small business loans with up to 100% forgiveness to help businesses impacted by COVID-19. The objective of this program is to help businesses retain their workforce and assist with operational expenses. These loans are meant to help small businesses cover employee salaries, total payroll support, rent, utilities, and other business related debt-obligations. The Paycheck Protection Program has the following terms: Payment deferral: No payments until the SBA pays the lender for the forgiven portion5 or No payments for the first 10 months after the covered period if the borrower fails to apply for forgiveness by the end of that time period Fixed interest rate of 1.00% Can elect a covered period between 8 and 24 weeks6 5-year term repayment loans made on or after June 5, 2020 Loan forgiveness of up to 100% of the principal amount2
Is your small business eligible for the program?For a first PPP loan:Generally, eligible businesses that were in operation on or before February 15, 2020 – including sole proprietorships, self–employed individuals, and independent contractors – with 500 or fewer employees can apply for a first PPP loan. For second PPP loan:Generally, eligible businesses that were in operation on February 15, 2020 – including sole proprietorships, self–employed individuals, and independent contractors – with 300 or fewer employees, have used or will use the full amount of their first PPP loan before disbursement of second loan and can demonstrate at least a 25 percent reduction in gross receipts in the first, second, or third quarter of 2020 relative to the same 2019 quarter can apply for a second PPP loan.4
What businesses, organizations, and individuals are ineligible for a First Draw PPP Loan?"You are ineligible for a PPP loan if, for example: You are engaged in any activity that is illegal under Federal, state, or local law; You are a household employer (individuals who employ household employees such as nannies or housekeepers); An owner of 20 percent or more of the equity of the applicant is presently incarcerated or, for any felony, presently subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction; or has been convicted of, pleaded guilty or nolo contendere to, or commenced any form of parole or probation (including probation before judgment) for, a felony involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance within the last five years or any other felony within the last year; You, or any business owned or controlled by you or any of your owners, has ever obtained a direct or guaranteed loan from SBA or any other Federal agency that is currently delinquent or has defaulted within the last seven years and caused a loss to the government; Your business or organization was not in operation on February 15, 2020; You or your business received or will receive a grant under the Shuttered Venue Operator Grant program under section 324 of the Economic Aid Act; The President, the Vice President, the head of an Executive Department, or a Member of Congress, or the spouse of such person as determined under applicable common law, directly or indirectly holds a controlling interest in your business; Your business is an issuer, the securities of which are listed on an exchange registered as a national securities exchange under section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f) Your business has permanently closed.
Who is not eligible for a Second Draw PPP Loan?An applicant is not eligible for a Second Draw PPP Loan if the applicant is: excluded from eligibility under the Consolidated First Draw PPP IFR;35 a business concern or entity primarily engaged in political activities or lobbying activities, as defined in section 3 of the Lobbying Disclosure Act of 1995 (2 U.S.C. 1602), including any entity that is organized for research or for engaging in advocacy in areas such as public policy or political strategy or otherwise describes itself as a think tank in any public documents; any business concern or entity: for which an entity created in or organized under the laws of the People’s Republic of China or the Special Administrative Region of Hong Kong, or that has significant operations in the People’s Republic of China or the Special Administrative Region of Hong Kong, owns or holds, directly or indirectly, not less than 20 percent of the economic interest of the business concern or entity, including as equity shares or a capital or profit interest in a limited liability company or partnership; or that retains, as a member of the board of directors of the business concern, a person who is a resident of the People’s Republic of China; any person required to submit a registration statement under section 2 of the Foreign Agents Registration Act of 1938 (22 U.S.C. 612); any person or entity that receives a grant for shuttered venue operators under section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act; any entity in which the President, the Vice President, the head of an Executive department, or a Member of Congress, or the spouse of such person as determined under applicable common law, directly or indirectly holds a controlling interest in the entity, where: “controlling interest” means owning, controlling, or holding not less than 20 percent, by vote or value, of the outstanding amount of any class of equity interest in an entity; “equity interest” means: a share in an entity, without regard to whether the share is transferable or classified as stock or anything similar; a capital or profit interest in a limited liability company or partnership; or a warrant or right, other than a right to convert, to purchase, sell, or subscribe to a share or interest described in (A) or (B), respectively; “Executive department” has the meaning given the term in section 101 of title 5, United States Code; “Member of Congress” means a Member of the Senate or House of Representatives, a Delegate to the House of Representatives, and the Resident Commissioner from Puerto Rico; and For the purpose of determining whether a person has a controlling interest in the entity, the securities owned, controlled, or held by the President, the Vice President, the head of an Executive department, or a Member of Congress, shall be aggregated with the securities held by his or her spouse as determined under applicable common law; any issuer, the securities of which are listed on an exchange registered as a national securities exchange under section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f), where the terms “exchange,” “issuer,” and “security” have the meanings given those terms in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) (except SBA will not consider whether a news organization that is eligible under subsection (c)(4) is affiliated with an entity, which includes any entity that owns or controls such news organization, that is an issuer); an entity that has previously received a Second Draw PPP Loan; or an entity that has permanently closed.
Will I be approved for a PPP loan if my business is in bankruptcy?No. If the applicant or the owner of the applicant is the debtor in a bankruptcy proceeding, either at the time it submits the application or at any time before the loan is disbursed, the applicant is ineligible to receive a PPP loan. If the applicant or the owner of the applicant becomes the debtor in a bankruptcy proceeding after submitting a PPP application but before the loan is disbursed, it is the applicant’s obligation to notify the lender and request cancellation of the application. Failure by the applicant to do so will be regarded as a use of PPP funds for unauthorized purposes.
I have income from self-employment and file a Form 1040, Schedule C. Am I eligible for a PPP Loan?"You are eligible for a PPP loan if: you were in operation on February 15, 2020; you are an individual with self-employment income (such as an independent contractor or a sole proprietor); your principal place of residence is in the United States; and you filed or will file a Form 1040 Schedule C for 2019 or meet the requirements below. However, if you are a partner in a partnership, you may not submit a separate PPP loan application for yourself as a self-employed individual. Instead, the self-employment income of general active partners may be reported as a payroll cost, up to $100,000 on an annualized basis, as prorated for the period during which the payments are made or the obligation to make the payments is incurred on a PPP loan application filed by or on behalf of the partnership. Partnerships are eligible for PPP loans under the CARES Act, as amended by the Economic Aid Act, and the Administrator has determined, in consultation with the Secretary of the Treasury (Secretary), that limiting a partnership and its partners (and an LLC filing taxes as a partnership) to one PPP loan is necessary to help ensure that as many eligible borrowers as possible obtain PPP loans before the statutory deadline of March 31, 2021. This limitation will allow lenders to more quickly process applications and lower the burdens of applying for partnerships/partners. The Administrator has further determined that permitting partners to apply as self-employed individuals would create unnecessary confusion regarding which entity, the partner or the partnership, applies for partner and LLC member income, and would generate loan proceeds use coordination and allocation issues. Rent, mortgage interest, utilities, other debt service, operations expenditures, property damage costs, supplier costs, and worker protection expenditures are generally incurred at the partnership level, not partner level, so it is most natural to provide the funds for these expenses to the partnership, not individual partners. In addition, you should be aware that participation in the PPP may affect your eligibility for state-administered unemployment compensation or unemployment assistance programs, including the programs authorized by Title II, Subtitle A of the CARES Act, or CARES Act Employee Retention Credits. On June 26, 2020, SBA issued additional guidance for those individuals with self-employment income who: (i) were not in operation in 2019 but who were in operation on February 15, 2020, and (ii) filed a Form 1040 Schedule C for 2020. See “How To Calculate Maximum Loan Amounts – By Business Type,” Question 10 posted on SBA’s website
If a seasonal business was dormant or not fully operating as of February 15, 2020, is it still eligible?"Yes, in evaluating eligibility, a seasonal business will be considered to have been in operation as of February 15, 2020, if the business was in operation for any 12-week period between February 15, 2019 and February 15, 2020. This approach aligns the eligibility criteria for seasonal businesses being in operation with the time period for calculation of a seasonal employer’s maximum loan amount from section 336 of the Economic Aid Act and makes PPP loans available to seasonal businesses that operate outside of the original, more limited time frame.
I have determined that I am eligible. What is the maximum loan amount?For a first draw PPP loan, the maximum loan amount will be 250% (or 2.5 times) your average monthly payroll costs for 2019 or 2020 or for a 1-year period before the date on which the loan is made. For a second draw PPP loan, the maximum loan amount will be 250% (or 2.5 times) your monthly average payroll costs for most industries. If your business is in food services or accommodations, the maximum loan amount will be 350% (or 3.5 times) your monthly average payroll.
How do I calculate the maximum amount I can borrow?To understand how the SBA determines the maximum size of your PPP loan, we recommend reading the SBA guidance released on this topic as of January 17, 2021. PPP: How to Calculate Maximum Loan Amounts for First Draw Loans Second Draw Paycheck Protection Program (PPP) Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts
How is the loan amount determined?For a first draw PPP loan, your loan amount will be 250% (or 2.5 times) your average monthly payroll. For a second draw PPP loan, your loan amount will be 250% (or 2.5 times) your monthly average payroll for most industries. If your business is a restaurant or accommodations, your loan amount will be 350% (or 3.5 times) your monthly average payroll. Your monthly payroll includes wages, tips, group life, disability, vision, and dental insurance, retirement benefits, and taxes. For purposes of calculating "Average Monthly Payroll", most applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For seasonal businesses, the applicant must use the average total monthly payments for payroll for any 12 week period selected by the employer between February 15, 2019 and February 15, 2020, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly payroll may be calculated using the time period from January 1, 2020 to February 15, 2021, excluding costs over $100,000 on an annualized basis for each employee. For Sole Proprietors, Independent Contractor, or Self Employed Individual 2019 Schedule C Even if 2019 1040 has not been filed, need to complete 2019 Schedule C for the SBA application Note if you also pay W2 wages we will also need: Q1-Q4 2019 941s (or 944) Optional (may increase loan amount): Q1-Q4 2019 State unemployment tax filings Evidence of retirement contributions Evidence of health insurance contributions / premiums Additional documentation for payroll verification may be required or considered acceptable beyond those enumerated in Federal statute to determine eligibility. We require payroll verification to determine eligibility and size of your loan. Your account manager will reach out to obtain this documentation.
Can I request a recalculation of my First Draw PPP loan?No. Funding Circle is not accepting requests for recalculations of first draw loans made before August 8, 2020. However, if you apply for a second draw, we will ensure you receive the maximum loan amount you are eligible for.
1 If your business is organized as a general partnership, your credit score may be impacted.
2 Weekly payments for capital loans have different minimum qualifying criteria than the daily payment option.
3 Approval and funding times may vary between lending partners.
4 Fee is waived for 6 months if a $5,000 initial draw is made within 5 days of opening account.