Business Funding Solutions: First Hand Experience
By Webmaster*SAM
JULY 2005
Readers,
I spent a good part of 2003 and half of 2004 working with a consultant that charged the company I work for about $10,000 to build $500,000 in business credit. The ordeal started the spring of 2003 after researching the process which I had not heard about, but seemed logical. Then I interviewed three of the reference that were given. All of them had to say only great things about the consultant and the success that had been achieved. Less than a month after I got the email offering the “Credit Building Services” we paid the fees and got the process started. The fees included $1,000 for expedited services.
To this point all of the process seemed professional and the communication was adequate. Then our 30-day “expedited” period when the corporation that the credit was going to be built for did not arrive and I started making phone calls. Following the calls and faxes for a month or two, nothing much happened. I finally demanded a refund. Then I was assured that in another month my “Corporate Package” would arrive.
It never did. Then another month passed. I demanded a refund. Finally, I was told that “Next Week *It will be there*” and certainly the corporate package was there. At this moment I thought the entire process had been turned around and some progress was finally being made. Finally.
Now it was a matter of time and the funding would soon be coming. So, I started my expansion plans. To end a long story that ended wasting about 200 hours of my time, about a $1000 in phone bills and several notches in a blood pressure meter, I managed to get a refund along with another business associate. In the end, out of about 30+ individuals who had paid anywhere from $8000 to $22,000 in fees for business credit/capital building, we were the only two who got a full refund.
However, the time during this ordeal was not wasted: What I did was research HOW to BUILD BUSINESS CREDIT and from those efforts over a period of one and half years and a few smaller payments and trail and error the business credit needed was built. The hard lesson that I learned was that the business credit building process can be done easily with the simple business skills, the right information to get started and the help of a few others who are seeking to do the same. I might add at a fraction –very small fraction of the cost!
Soon the Business Credit Building Membership was born, and I hope to help many avoid anything near the disaster I experienced.
Webmaster*SAM
Business Credit Building Editor
