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Earning Your Cred:Understand & Leverage Business Credit

Featuring Speakers From:

•Basics of business credit•Why business credit is important•Business credit vs. personal

credit•Establish & grow business credit•What can improve a credit

score?

Meet the speakers…

Andres ThomasCustomer SuccessKabbage, Inc.

• MODERATOR• Case studies from business

owners who have leveraged business credit

Brian WardSenior DirectorBusiness Information ServicesExperian

•Business credit and loans•Kabbage credit: data vs. biz credit

Spencer RobinsonHead of Data OperationsKabbage, Inc.

Brian WardSenior DirectorBusiness Information ServicesExperian

Why is Business Credit Important?

Why is Business Credit Important?• Survive• Sustain• Grow

“May the odds be ever in your favor”

Why is Business Credit Important?

Why is Business Credit Important?• Gain leverage in your business relationships

Why is Business Credit Important?

Why is Business Credit Important?• Reduce personal risk

Understanding Credit Reporting• Your credit bureau report is at the heart of building business credit• Credit data is collected from a wide range of sources

Primary Factors of Your Score

Score factors include, but are not limited to: • Derogatory public records: collections, liens, judgments and bankruptcies

• The status, recency, frequency and dollar amounts of any applicable liens, judgments or bankruptcies

• Trends in slow payment of obligations

• The number of business credit inquiries or applications that are generated by the business or owner

• The number of trade experiences, balances outstanding, payment habits, credit utilization and trends over time

• Years in business, line of business or SIC code, size of business and other demographic data

Just the Facts: Business Credit

You can view any business’s credit report

Your consumer score has no impact on your business score and vice versa

Personal scores are not the same scale as Business scores

Build Your Business Credit

• Act like a business– Establish accounts in your business name, not

your personal name

• Be visible – Ensure that your good behavior is reported

• Borrow then pay on time– Stay current to agreed upon terms

• Monitor your company’s profile– Check and correct outdated information– Be alerted of important changes in your

company’s name

Get Started Today1. Use the tips we provided

Get Started Today1. Use the tips we provided2. Verify your business credit report at:

SmartBusinessReports.com

1. Use the tips we provided2. Verify your business credit report at:

SmartBusinessReports.com3. Learn how to improve your business

score:SmartBusinessReports.com/scoreplanner

Get Started Today

Spencer RobinsonHead of Data OperationsKabbage, Inc.

Business Credit for Loans

+ Are you a business?

+ Do you have any existing liabilities?

+ Do you have existing business relationships?

+ Will you try to pay back a loan?

+ Can your business support the payments?

+ How/where will the loan payments come from?

+ Etc.

What do lenders look for?

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Kabbage Data Enhances Traditional Data

• Verifies business entity

• Historic business relationships

• Payment history

• Focus on historic behaviors

• 360° view of business model

• Verifies business entity

• Focus on the current behaviors

Kabbage Data Business Credit Profile

The more services you link, the better we understand your business.This allows us to possibly increase your credit line.

Who is the Kabbage Customer?

Customer service is already amazing, the UI is

very impressive, and it’s an incredibly fast

service! Not sure what could improve at this

point!

“ Honestly you guys are a god send for small

businesses and, in my honest opinion, doing more

to kick start the economy than our government.

Thank you!

“”

+ 1-25 employees

+ Years in business > 1 year

+ Industry: All small business verticals

+ May or may not exist in traditional business credit databases

+ Varying needs for capital over a period of time

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”

Andres ThomasCustomer SuccessKabbage, Inc.

Kevin Pereira: Wet Shave ClubShortly after starting his own business, Kevin Pereira found himself with a good problem to have: his company, Wet Shave Club, was growing too quickly.

“We were in a situation where we couldn’t keep up with the membership requests we had,” Kevin said. “We were getting more and more members, but we didn’t have the inventory to fill all of our requests. We needed working capital from somewhere.”

Cristina Garza: Accountingprose.com

Having access to a line of credit from Kabbage helped free up working capital and empowered Christina to be more proactive in her hiring.

“I was able to lean on Kabbage to hire four new employees and cover payroll. With more people, I could take on more clients, so I was able to see returns quickly.”

Annie Kamiya: Curtis Kamiya MusicLike many small business owners, Annie and Curtis Kamiya were working seven days a week for their small business. Their business was growing, and they were looking for a loan to bring on additional staff so they could focus on launching new online project.

“We knew we had something to offer, but we just needed a little breathing room to accomplish our goals,” Annie said. “It was important for us to have extra working capital so we could make sure that bringing on new staff was the right move, without needed extra income to cover the expenses.”

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