- Name
- Ilya Bodner
- Company
- Initial Underwriting Group
- E-mail
- Contact Ilya Bodner (Initial Underwriting Group)
- Website
- http://www.initialunderwriting.org
- Office Phone
- (614) 231-3519
- Fax
- (877) 752-4300
- Description
- "Breaking down the barrier to small business financing." Contact Initial Underwriting Group today for your small business loan needs, and visit us on the web at www.initialunderwriting.org.
About Us...
They say that each second a few new businesses start in the United States. It seems like everywhere we turn a venture capitalist or angel investor is grabbing on to the next big hit.
"Where do small businesses find the capital needed to take them to the next level?"
Initial Underwriting Group (IUG) was founded to discover the answers to that very important question. We are here to demystify the myth of Angel Investors and Venture Capitalists, to tell the truth about Business Loans, and most importantly we have devoted years of research to helping small business owners utilize our research. We reached out to our relationships from the past, built new ones, and now direct small business owners to the companies that can help them find a creative way of financing.
More about IUG...
What is IUG?
Initial Underwriting Group is a group of underwriters that help small business owners obtain financing based on business credit as opposed to personal credit.
Why does IUG want to help me?
Because chances are, we can.
What is the criteria to get approved?
A Dun & Bradstreet Profile, strong business credit and vendors reporting a Paydex Score of 75 or higher. All of which we can help get accomplished.
Who is Dun & Bradstreet?
They are the largest business credit reporting agency in the United States.
How do I get started?
Go to our online application. This will determine whether IUG will be a good match for you.
Is there a fee involved?
To fill out the application is free. If you come aboard as a client there is an upfront�fee collected to cover administrative costs involved with building and maintaining your�business profile and Paydex Score.
How long does it take to get the financing?
Generally, it takes 3 to 6 months.� All will depend on�how fast, using our help,�the small business owner can get the Paydex Score above 75.
What is a Paydex score?
This is the term used for a business credit score. Think FICO for personal credit.
Why should I become Incorporated?
It is a requirement for our lenders. Also, there can be tax advantages in doing so.
Why is having Strong Business Credit important to a Small Business?
Strong Business Credit is essential to small Businesses for many reasons. For one, it enables you to obtain funding for anything from expansion, and equipment, to payroll. Strong Business Credit also can help you achieve better rates on loans, insurance premiums, and even leases.� Additionally, Strong Business Credit allows the small business owner to separate the personal credit from business obligations.
Do I need good personal Credit to build my Business Credit?
No. Your personal credit is completely seperate from your Business Credit.
Can I get any kind of Credit right away?
Yes! As soon as you are a client we will get you approved for various lines of credit through different companies. We will use this to build a Strong Business Credit.
Why can't I just use my personal credit to obtain business financing?
The more you use your personal credit to finance your business, the more your personal credit score, your FICO score, drops. Each time you use your personal credit to obtain a loan for your company, or even just to apply for a loan, your FICO score will go down a few points. This has chances of ruining your personal credit. Strong Business Credit and the process of building the credit has little or no impact on personal credit.
What types of Businesses are you able to help obtain Strong Business Credit?
We have helped all kinds of Businesses. Everything from Real Estate Investors, to people buying Franchises, to Inventors. If you have a Business, chances are we can help you.
I am not actually in Business yet. Do you still think you would be able to help me build Strong Business Credit and obtain a loan?
Absolutely! We can help with everything you need to get started, whether you are looking for help writing a Business Plan, or need help getting your Small Business Incorporated. Our programs are customized to your needs as a Small Business trying to grow.
What our clients are saying...
"We greatly appreciate Initial Underwriting Group for helping us obtain a business loan after we had exhausted all other avenues"
Shane - Ohio
nutritionforumonline.com
"Initial Underwriting Group put me in touch with the right avenue to obtain a loan for $30,000 to start my business."
Jim - Arizona
