Charles NoonanPresident, Landbank University · Real Estate Developer & Instructor

HOW BANKS APPROVE YOU FOR BUSINESS FUNDING💰#entrepreneur #businessfunding #businesscredit #ytshorts

17 Nov 2024 · 0 min

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0:19

Short conversational transcript (YouTube short) where two speakers discuss business funding anecdotes and basic qualification questions. They mention a largest funding amount ($398,000), a very low credited score referenced as '6, 20', and that a newly formed business (opened 'yesterday') can obtain funding the same day after registering (corporate formation + EIN). The speakers ask about qualifications needed for funding.

Questions this video answers

$398,000

"6, 20" (as spoken in transcript)

They say a business can get funding 'yesterday' — i.e., the same day it's formed (corporate formation + EIN).

Most amount of money I ever got somebody funded. $398,000. Damn. What'd they do with it? Buy more real estate. Love it. Lowest credit score somebody ever had that you got funded.
6, 20.
Were they. Were they surprised?
Yeah.
They was going crazy.
Yeah. Absolutely.
Fire. How long does a business have to be established to get money? Yesterday. Yesterday? Yeah. Meaning, like, open a corporate. Like, you get your corporate raise, you get your ein. They can come to you and get funding in one day? Yes. What qualifications do they need to get funding?
700 credit score. Have LLC open. Have a personal credit. Good personal credit profile. At least three personal credit cards. Good. Age? At least two years. Two to three years age.