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Credit servicing |
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GVA, Inc. offers
Credit Building Program for Expat Individuals who arrive in United
States & Small & Medium Size Enterprises. |
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| Individual Credit Program: |
Obtaining credit
without a credit history is an obstacle for expat community. GVA
is prepared to help you overcome this issue when you enter United
States. We guide you to start with a manageable amount of credit
to build a positive credit history and a valuable lending relationship.
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| Our Process |
As a new borrower,
you will attend a FREE phone consultation with GVA Credit Counseling
representative. |
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- We will offer a complete review of your financial profile.
- We will help you prepare complete monthly budget.
- Guide you on ways to apply and get approved for credit on -
- Credit Cards
- Personal loans (Secured/Un-secured)
- Car loans
- Home Mortgage/Loans
- Be your counselor whenever you need assistance on your credit
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| Contact us by writing to
sales@globalvalueadd.com.
One of our associates will get in touch with to understand your requirements
in detail. |
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| Business Credit Program: |
The
goal of Business Credit program is to develop a credit profile using
Tax ID number rather than the owner's social security number. This
separates the client's personal credit from the business credit.
Developing a credit image for the business conserves cash and building
a corporate credit profile can keep the company out of "no credit
/ high risk" and "high interest" categories, thereby saving money. |
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| What does the Business
Credit Program do? |
- Obtain a business credit under the business name that is separate
from the personal credit report.
- Put the businesses in compliance with the lending markets and
increase their chances of business credit.
- Build business credit reports.
- Increase the likelihood of obtaining credit, loans, etc by
improving the business image.
- Reduce the use of personal credit for business and thereby
separate business from personal life.
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A Business
Credit Program is put together so that business accounts can be
established without personal guarantees, whereby, vehicle leases,
credit lines or loans under the corporate id number. |
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| Why is Business Credit
useful? |
- If personal credit is used for business, the amount of credit
available to get the things required for the family will be slashed
i.e., Protect your personal credit score
- If personal credit is used for business purposes and the business
fails, the risk of losing everything is more.
- When personal money and assets are used for financing, the
personal credit is damaged as getting finance requires personal
credit check and every time a credit check is made, the credit
score takes a hit.
- Meet current and future lending needs
- Have cash in your business when it's needed
- Ability to extend your cash flow
- Build credibility for your business
- Business Credit Interest is tax deductible
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| Types of Business Credit: |
| Types of Business Credit: |
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Lines of credit with individual vendors
i.e., vendor credit or trade credit- This is the most common,
easiest to get & therefore the most talked about such as the
credit associated with a particular store like an office supply
store.
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Cash credit - But for investments that really
matter for your company's growth you need access to cold, hard
cash - that you can spend when, where and how you want.
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| Packages
Offered: GVA offers two different Business Credit Packages. |
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| Basic: |
- Credit Profile Created in Days
- Applications and Forms Completed For You
- PaydexT Score Obtained For You
- Reference Guide To Trade Lines
- Business Information Report Review
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| Standard: |
- Incorporation in Any State
- We Obtain Your EIN Number For You
- Rapid Credit Profile
- Obtain Your PaydexT Score or Rating
- Complete Guide to Trade Lines
- We Prepare All of Your Paperwork
- Obtain Your Business Info Report
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| Factors affecting company's
Business Credit Profile: |
The
factors that are taken into consideration by potential creditors
(lending institutions, banks, etc.), and also by potential vendors
and even clients before deciding to grant credit, extend a loan,
or engage your company in a business venture are as follows: |
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Assets: This is the most
important measure. What is your company worth? Does your company
have the capital or liquid assets to effect repayment? How healthy
is its balance sheet? How much operating capital does it have?
This is probably the most significant and most often considered
factor when deciding whether your company or corporation is
credit-worthy.
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Ability: Can your business
or company repay its loans? How reliably has your company repaid
its loans in the past? Were the payments timely? How much credit
has been granted to your company? By Whom? How much debt has
it incurred? Are there any outstanding or unused lines of credit?
All of these questions play a significant role in a creditor
deciding on your company's ability to pay its loans.
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Acumen: How long has your
company been in business? How healthy is your business? How
is it run? What type of economic environment is it operating
in? How is it's stock performing? How many people does it employ?
Are there a significant number of judgments or liens against
it? Does it readily disclose these things? The ability of your
business to stay in business is also a very important factor
that is considered by others when you are trying to establish
business credit.
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| How do I get my Business
Credit rating to improve? |
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Timely payment.
Every time you make a payment on time, to a company or business
that is itself rated by any of the Firms mentioned above,
a record is being made in your credit profile. It is important
that the business you deal with also report to the various
agencies as this ensures that your experiences, and payments,
are duly recorded. |
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Keep your debt in check.
This means that you incur only as much debt as you need operationally,
and that you keep tabs on credit lines and other debt-financing.
The more debt your company has, the more net worth or income
it must have in order to not have it impact negatively in
your Credit Profile. Too much debt or too many potential debt
expenditures may negatively impact your credit worthiness |
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Keep your Consumer Credit Profile
in good standing. Although the Consumer and Corporate
Credit Profiles are completely different and are not supposed
to have relevance to each other but prospective lenders or
credit providers may indeed examine the consumer credit profile
of the owner(s) in order to establish business credit worthiness.
Having your Consumer Credit in good standing can positively
impact how your Corporate Credit Worthiness is perceived. |
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Play an active role in your own
Profile. It is very important that you actively review,
and play an active role in the maintenance of your credit
profile. Make regular reports to your profile, contribute
all that you can, and ensure that any entries in your report
are accurate. It is also a worthwhile measure to compare and
contrast your profile with other companies or corporations
that are similar to yours to see what the trends are, where
you fall in that group, etc. |
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It isn't enough to simply have
a Corporate Credit Profile. In order to stay ahead
of the pack in these highly competitive markets, establishing
a well thought out business credit profile, and improving
its standing, can pay huge dividends for you and your company. |
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| Contact us by writing to
sales@globalvalueadd.com
and one of our associates will get in touch with to understand your
requirements in detail. |
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