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| Unfortunately, the majority of new businesses fail. Why? These are many reasons why – the majority fail due to the lack of operating capital. Others simply go under due to the mistakes made by venturing out on their own without support or guidance. Establishing a strong corporate entity with corporate credit can greatly reduce the risk and increase the odds of success. Corporate credit is our business. Our experienced team applies the philosophy of teaching our clients what to do and not do to ensure financial success for the long term. |
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| Oceanview helps small business owners, entrepreneurs, and real estate investors: |
• Secure the capital needed through our network of banks.
• Shield them self’s from liability
• Reduce their tax burden |
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| Not Needed |
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• Shelf Corporation
• Income documentation
• Minimum years of business are not needed what so ever |
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| Oceanview Credit Solutions offers multiple Corporate Credit programs. 70% of our clients fit into our Tier 1 program. This would involve developing unsecured business credit in the range of $150,000- $300,000. We use our network of over 300 banks and 3000 vendors to develop the credit profile of your company. |
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| Our legal firm will handle all of the paperwork, incorporation, bank submissions and credit building. If your credit score is an issue, then we will need you to provide a temporary CFO with a credit score of 720 or better. This CFO should have an existing relationship with you, as we will be listing them as an officer for 3-18 months. The CFO could be yourself or anyone you elect to stand in that position on a temporary basis. This CFO is not required to have a day to day role in the business. |
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| The individual revolving credit lines will range anywhere from $10,000 to $200,000. The variables your company brings to the table will determine the levels of the funding rounds. The goal is to build your company’s banking connections to develop a strong reputation. This reputation will result in better limits and APRs as we go through the program. The first round of funding will begin 2-8 weeks in, again, depending on variables of your company. The entire program can last from 3-12 months, again, depending on variables. There are no restrictions or collateral requirements on the funds. Upon receiving the first round of financing you could transfer business debt placed on your personal credit cards to the new corporation. |
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| Our legal team will build the corporate profile with D&B, Intelliscore and Smart Business to get your corporate score in excess of 80. Our legal team will then guide you for the first 12 months managing the bank submissions and credit building. Your only responsibility will be running your business and making the payments on time. |
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| The level 2 program is designed for existing businesses with financials to provide and ranges from $300,000 to $1,000,000 in larger credit lines. |
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| The Newhope Program is designed for clients who don’t possess the requirements for our Tier 1 program. The Newhope program allows those with 660+ to obtain an estimated $50-75K. |
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Oceanview’s Program for Corporate Credit |
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| Oceanview offers 4 programs with individual qualifying needs and timelines; |
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| Tier 1 – Yet to be created or young businesses. Looking for $150,000-$300,000 |
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Requirements
• 720+ credit score
• Clean credit history, no derogatory mark.
• Maintaining a clean profile through the program, this includes avoiding mortgage changes and additional car loans during the program |
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Timeline
• Weeks 2-4 : incorporate and structure the company. If you are already incorporated, 1-2 weeks to review it for issues pertaining to tax liens, existing loans and hidden financial problems
• Weeks 3-8 : Business Bureau registering and the first round of funding
• Months 4-8 : Aggregate totals of credit secured
• Months 9-18 : reducing of APRs, increasing of Limits, removal of Personal Guarantors |
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| Tier 2 – Existing businesses with history – larger funding rounds and aggregate totals. Looking for $150,000-$1,000,000 |
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Requirements
• 700+ credit
• Clean personal credit history, no derogatory marks
• Clean business profile
• Existing paydex score of 80+
• 2 years in existence
• 2 years tax summaries
• Existing business bank account
• Any other financials of a positive nature; PLs, Receivables |
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Timeline
• Weeks 1-3 : review the corporation for issues pertaining to tax liens, existing loans and hidden financial problems
• Weeks 3-6 : Business Bureau registering and the first round of funding
• Months 2-8 : Aggregate totals of credit secured, depending on amount requested
• Months 7-12 : reducing of APRs, increasing of Limits, removal of Personal Guarantors |
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| Tier 3 – Existing businesses with strong history – larger funding rounds and aggregate totals. Looking for $1,000,000+. This is a custom program that must be underwritten to ensure the company is too strong for Tier 2 |
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Requirements
• 680+ credit
• Clean personal credit history, no derogatory marks
• Clean business profile
• Existing paydex score of 80+
• 2 years tax summaries
• Existing business bank account
• Any other financials of a positive nature; PLs, Receivables |
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Timeline
• Weeks 1-3 : review the corporation for issues pertaining to tax liens, existing loans and hidden financial problems
• Weeks 3-6 : Business Bureau registering and the first round of funding
• Ongoing : Aggregate totals of credit secured, depending on amount requested |
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| Newhope Project – companies and individuals who don’t have the requirements for Tier 1 – funding totals are not guaranteed, but estimated at $50,000 - $75,000 |
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Requirements
• 660+ credit
• No Bankruptcies
• If an existing business, clean business profile
• If positive financials are available, please provide them |
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Timeline
• Weeks 1-3 : To set up a corporation or review the existing corporation for issues pertaining to tax liens, existing loans and hidden financial problems
• Ongoing : Rounds of funding |
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Oceanview’s Prices |
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| (prices below are averages and can vary for different situations) |
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Newhope Program
Down - $1,500
Costs for legal and financial services – 13% of credit lines
Tier 1 Program
Costs for legal and financial services – $1,000 if incorporated or $2,000 if corporation needs to be established PLUS12% of credit lines established.
Tier 2/3 Programs
The fees for these programs are custom depending on the cariables of the corporation.
“Business Credit Builder” Program -
NO PERSONAL CREDIT SCORES ARE REQUIRED!!
Our Program is as follows
$1500 gets you
- D&B registration
- 80 paydex rating (like a 740 fico)
- 4-5 business credit lines
- Cash and Vendor lines totaling $50,000
Paperwork needed
- Contract - attached
- Business profile questionnaire - attached
- Credit Card processing for the $1500 (or check to Oceanview Credit Solutions) - attached
- Copy of Article of Incorporation
- Tax ID#
- Copy of Business phone bill
SBA – Loans with Collateral
These structured loans carry a backend service fee averaging 3%
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CFO Qualifications |
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| Oceanview offers 4 programs with individual qualifying needs. When it comes to someone being a qualified CFO – the areas of interest would be scores, revolving debt ratios, account history, negative items, and inquiries. We will always give a free consultation to give the best game plan to become accepted into one of our programs. Our programs only require a single officer of the company to possess the personal credit scores below; |
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| FICO scores of 660+ will get you into our most basic corporate credit program. |
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| FICO scores of 720+ will qualify you for higher limits assuming the profile is void of derogatory marks such as; |
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- late payments
- judgements
- collections |
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| BANKRUPTCIES will exclude you from all programs and credit repair is available. |
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Personal Credit Repair |
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| Oceanview offers a nationally renowned personal credit repair service. Our prices are very affordable, although prices and timeframes alter with different credit issues. |
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| Oceanview offers a FREE consultation to help you understand what needs to be done, how long it will take and what the fees will be. |
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| As a client you will receive assistance not just with the repair of derogatory marks, but general maintenance of the accounts |
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Additional Services |
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| By becoming a client of Oceanview Credit Solutions you immediately gain access to hundreds of specialists in various fields. These companies have been approved by our corporation as trustworthy businesses and will often provide services at a reduced price for our clients. Examples are below; |
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• A/R Financing
• Accounting
• Advertising
• Affiliate Programs
• Business Law
• Custom Programming
• Customer Service Infrastructure
• E-Commerce Engineering
• Graphic Design
• Human Resources
• Incorporation Services
• Internet Connectivity
• Logo and Branding Design
• Marketing
• Networking and Cabling
• Payroll Services
• Print Media
• Project Management
• Search Engine Optimization
• Staffing and Recruiting
• Supply Chain Management
• Telephone Systems, Install and Support
• Web Design
• Web Hosting |
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Oceanview’s Other Business Funding Programs |
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| Oceanview offers assistance with Collateralized loans, such as SBA programs. Hard money loans are also available periodically. Please contact a representative for current offerings. |
