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How to Access $250K–$1M in 0% Business Credit (Even in a High Interest Economy) | Ari Page
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- [00:00]
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Ari Page
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- [01:01]
Justin Colby
What is up? The science of flipping. Welcome back to another incredible episode. And I'm very fortunate to have this guest today because businesses, real estate investors, anyone is transacting in business understands where the economy's at today. And this guy is what I would argue should be at the forefront of all of our discussions on how to capitalize our business, how to get more financing, and in the financial state that the country is in right now, the founder of Fund and Grow Ari pages here. What's up, my brother?
- [01:36]
Ari Page
How's it going? Justin, thank you so much for having me on.
- [01:39]
Justin Colby
Yeah, you're, you're kind of the, the keynote in my world right now because I, I'm in the real estate space and I know you deal with a lot of real estate businesses, but in our space, man, financing is brutal. And as someone who actually is a client of yours, I really wanted this to be, you know, top of mind for businesses, all businesses. Doesn't have to be real estate to understand that there is funding out there. There is cheap funding. In fact, right now you have opportunities at 0% financing, right? And you're, you're getting people up to, you know, 250 grand in the first 30 to 45 days. And, and this is a 0%. And so I, I highlight that out of the gate because I think that's the first thing people want to understand is can financing be affordable these days? Can I have, you know, financing for operations, for marketing, for rehabs, for whatever the thing may be? And you do. And so let's jump right into that. You know, how Are business owners like myself, real estate investors or any vertical for that matter, really, you know, taking advantage of what you guys got at funding grow?
- [02:44]
Ari Page
Yeah. So there's so many loan products out there right now that we both know the interest rates are just creeping up on higher and higher and higher, making owning a home or investing as an investor in, you know, buying, flipping, rehabbing all of that, making it just more expensive than ever before. But what a lot of people are unaware of is, is that business owners have been taken advantage, taking advantage of business credit cards which give them funding introductory rates like zero percent. Literally zero percent. While we're talking, people can google zero percent business credit card. But the question is, how do you get approved for business credit cards that don't report to your personal. How do you get the high limits on those cards and how do you stack it? So you're getting up to 250,000 and it can really be used in one's business.
- [03:37]
Justin Colby
How much. How much business credit do you have, Ari?
- [03:41]
Ari Page
That's an awesome question. So right now I have over $1 million in 0% business credit cards and I actually have well over 2 million in total ability to borrow that could borrow on right now that I use. I can pay it down, I can borrow one. But the business credit cards are the least expensive of all of that type of funding. And I can draw down on them, I can pay them off, I can use them over and over without it being tied to a specific asset, without it being tied to a specific deal. And they're just kind of like the gift that keeps giving. And then when the interest rate is it is going to hit the card when the 0% is about to expire, then I do the card stacking process, move the money over and keep it at 0%.
- [04:24]
Justin Colby
Guys, this is going to be a fun episode. If you care about financing, if you want some capital for your operation, for marketing, for funding construction, I mean, you name it, these cards are there for your business. We're going to lean into this. You know, I know you've done this now for 20 years, brother, and you are the leader in the space for sure. Frankly, I actually don't even know who your competition. So in my mind, there is none. You are the company, you are the guy. And so first and foremost, everyone go follow Ari right now. Go look up, fund and grow. Go to the website. I am a client of his also just for vouching for his actual service, which is phenomenal over the top customer service. I mean it's. We'll get there, we'll get all, we'll get through all this kind of stuff. But you've done this for 20 years. You have how many billion, how many billions have you gotten in lines of credit?
- [05:12]
Ari Page
So we've set up $2 billion worth of this type of funding for, excuse me, for over 30,000 entrepreneurs. And we're really, really super proud of those numbers. We've been pushing them up further and further. We're more effective at getting funding for our clients now than ever before.
- [05:29]
Justin Colby
Yeah, I mean, you treat it like a business. Listen, most people, you know, they might go out there and you and I were talking about this even yesterday. You see all these people all over social media, right. And you know they're gonna go just tell you what credit card to get. They're not gonna treat it like a business the way you do. I mean, you literally, I was on the, on a zoom with your whole staff and your executive assistant and like your sales guys on the. I mean, I literally would felt like it was a white glove scenario. And it's because you treat it like a business. You take a look at your client, say, how can I best provide value to their client? And not everyone's the same, right? Not all clients are just doing it for the sake of doing it. They have an agenda more often than not, they want to utilize the money for certain purposes. And you guys really cater to the client.
- [06:11]
Ari Page
Yeah. And part of that is that a lot of the companies that, that attempt to do what we do, they apply for the cards for clients, but then they don't know how to provide service to give them things. For example, on how to use third, the third party services properly when they're spending the card with a vendor that does not accept credit card or how to use it properly for asset protection. So what really sets funding grow apart is that we provide a comprehensive set of services that go in tandem with the funding. So it's not just getting $250,000 of credit cards. It's also showing you how you can spend those cards without incurring fees. We're not telling you what to spend on or even giving suggestions. We're just showing you if you need to spend it with XYZ vendor and they don't accept credit card. How do you do that? How can you maximize your points so that you can fly the world for free as a business owner? Spending on the things that your business has to spend on anyway and just using the points, they're. They're giving points for free, for giving, for getting you access to credit. And so many business owners are not utilizing these little, these little tri tips and, and hacks that can really end up like I flew to Spain a number of years back with my entire family business class and it would have been $55,000 in tickets for nonstop from Orlando to the Barcelona and then Barcelona back to Orlando. And that trip for me was a $500 trip, not a $55,000 trip. And that's just because I'm using the points that my credit cards are providing by spending on my business, not making up any extra spending. No Dave Ramsey stuff here. We're not talking about spending 100 grand of made up expenses in order to earn 2% cash back of $2,000. But many businesses are spending 50,000, 100,000 on things that they have to do every single month. Might as well use cars that are generating you a, a 1%, 2% cash back on that.
- [08:20]
Justin Colby
There's no doubt. I mean we can get into all the hacks here in a minute. I mean there's just so much I want to be able to cover here because this isn't. Now listen, everyone knows my main vertical in business and I do several things, but main vertical, always has been, for almost 20 years now, is real estate. Right. And so in our world, you have a lot of people like me who would say, hey, I need to do this for marketing budget. I need to do this to go pay Lowe's or Home Depot for construction, whatever that might be. Right. But you don't, you're not limited. I mean you literally can service any, is it right to say any company, I mean anyone that has any level of operational cost or need for capital you can service.
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Ari Page
I would caution only against a few specific things like for example, marijuana or like investing in Bitcoin.
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Justin Colby
Yeah.
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Ari Page
Which you know, and those are solid businesses. It's just we wouldn't want to use this type of business credit cards for that. But for real estate and for marketing and for any business use for any type of brick and mortar when they're buying inventory or for Amazon resellers, I mean, the list just goes on and on. I would say the only few businesses that we, that we would recommend not using it for is if you're doing institutional investing or if you're doing something that's generally prohibited, like marijuana, for example.
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Justin Colby
Sure. Well, and listen, I have a question. I think some people know, like, let's just say you're a, I'm just gonna make up maybe a boring type of company. Maybe you're an Accounting firm. Right. But you have eight accountants in your firm and you know, things are getting a little slow and you need to cover some bills and cover some costs. Then it's the slow months. Right. So accounting is very seasonal and we're in tax season right now, so they're slammed. But let's say you're in the months that are low. Can you use something like this to go get work? True. Working capital. To pay your office rent, to pay, you know, office supplies, to pay the electrical bill. Can you use it in that format?
- [10:21]
Ari Page
Exactly. In fact, business credit cards are really easy to use when you're buying inventory and things like that. And payroll. That's where we would point our clients to these third party services that are specifically set up and designed to do exactly this. You set up an account with them and then you add your credit card into the account and then you tell them what you're trying to pay. You upload your invoice and then they make the payment for you. So payroll is something that can easily be paid for directly off a credit card. You could use a service like Bill.com or Melio payments or Zill Money or plastic. Plastic, for example, which is the word plastic, but it ends with a cube. That particular service allows you to add credit cards and then you can directly fund an escrow account. You can literally use the credit cards to buy for buying real estate, for buying virtually anything that your business needs. So if the vendor you're trying to purchase with does not accept credit card, and most do, but if they happen not to, there's ways to work around that. And we wouldn't want to do a cash advance. Cash advances are at a crazy interest rate. So we would want to use these third party services so that the purchase goes onto the credit card at 0%.
- [11:40]
Justin Colby
That's phenomenal. I mean, dude. Ladies and gentlemen, I really need you to listen to what this man's saying. And the affordability of what his company does is insane. The value, you almost can't afford not to do it if you're in business. Listen, we all are in business, right? Him and I have been in business almost 20 years now. I'm 44, he's 43. I started in 2007. You started in what, 2005. Right? Two and six. I mean, there are highs and low in all of our businesses. Like it just doesn't matter the vertical you're in. Be knocking the, the COVID off the ball one year and the next year might be your very worst year ever. But you're not going to quit. You're not going to give up. Find a bridge, right? Like, this is what we're talking about, dude. And there's so many other cool things that we're going to talk about. Like one really cool thing is you can pay payroll. Another cool thing for me as a real estate investor, I can buy ass. I can buy an actual property that I'm going to flip in three months and I'm going to make my money back. And it was zero percent. Talk about borrowing capital for us real estate investors. This is phenomenal, right? Like now again, let's call it what it is. Like, no one, you're not going to go probably get pre qual. And by the way, you tell me, but there's probably not a lot of people that are going to go get a $300,000 immediate approval. I would guess maybe, maybe some do, but I would say the vast majority won't. Let's talk about cuts. I'm sorry, go ahead.
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Ari Page
Let's drill down on that, because that's a great question. So usually when someone's getting started, they could prequalify from anywhere up to 100,000 down to, you know, 20,000 or if, if that's even a worse situation than less than that. But that's just what we would call their first batch or their first round, which means that that's the first round of cards that we're going for. That could be four or five cards. So then two to three months later, we're going to be doing another round, and that's the card stacking process. And I can drill down further into how cool and easy the card stacking process is because it's. It's actually pretty simple to explain.
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Justin Colby
Do it. Go. That's exactly it. What is the process?
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Ari Page
Okay. And I'm going to explain on the personal side and then we can extrapolate that to the business side. But essentially everyone watching this has a credit card of some kind. So let's say just for ease of this conversation, that it's a $10,000 Chase card. So I have a $10,000 Chase card and I've had it open for a couple of years. So it's not at any particular special interest rate. And I've been using this $10,000 business card in. Or personal card in my business. So I go, what the key here is, if I want to get more credit and I want to be able to convert this $10,000 existing credit line back to 0%, this is the way to do it. This is card stacking So I go back to the same institution, I go back to Chase, and most of the time, they'll allow you to apply for the exact same credit card. If not, then you apply for a very similar product, and they'll definitely allow you to apply for that. You can get multiple cards from almost every bank. So I go back to the same bank, apply for the same product, and let's say they only give me $5,000 because I already have 10. We might be thinking, hey, this isn't going in the right direction. 5000 is not very big. That's not enough to move the 10,000 over. However, this is the key that I take the 5,000, which has 0%, and on a separate call, I call the negotiator, I'm sorry, the underwriter. So I become a negotiator, and I call the underwriter at the bank. And the underwriter is basically someone who works at a bank who is the determiner. They determine these types of situations. And so I talked to the underwriter, and I merge the $5,000, 0% card into the older $10,000 card. The older card's been set up longer. It's got the seasoning, it's got the length of history. So I take the brand new card and I merge it into the 10. Now I have a $15,000 card all at 0%, back to only one product from that bank, and I merge the new card into the old one so that I didn't lose any seasoning. My history stays nice and long, and my limit just popped up. I didn't have to move money from the $10,000 card to any other card.
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Justin Colby
Yeah.
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Ari Page
So if there was a balance, I've just effectively brought that balance down to 0%.
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Justin Colby
As a real estate investor, one of the most challenging hurdles you'll face is figuring out how to fund your first project and then how to keep that money rolling in for all the projects that follow through while holding on to as much of your profit as you can. This is a challenge that today's Sponsor Fund and Grow knows all too well. But they've built a strategy that has helped tens of thousands of real estate investors access zero percent interest business credit for the first, third, tenth, and even hundredth deal. As you know, I don't recommend anyone uses their own cash to invest in real estate, especially when there are so many financial tools available like business credit cards. And today's Sponsor Fund and Grow will tell you the exact same thing, because they've helped tens of thousands of real estate investors and access these 0% interest business credit cards for the first, third, tenth or even hundredth deal of their own funding grow has been in helping real estate investors and business owners access funding since 2007. Their unique done with you credit coaching process is a great program for all those in the real estate space. Their team walks you through the entire process of building and leveraging business credit, helping you apply to high limit business credit cards at 0% interest and teaching you how to use those cards for expenses that typically don't accept credit cards like real estate deals, renovations, marketings or vendor payments. You stay in control of the account, there are no outrageous fees and you get expert coaching to help you put that credit to work in smart, strategic or ways. Want to know how much you might qualify for? Just head over to www.fundandgrow.com flipping PQ that is www.fundinggrow.com flipping PQ the free pre qualification takes less than 2 minutes and again that is www.fundandgrow.com forward/flipping PQ
- [18:17]
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- [18:27]
Justin Colby
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- [18:30]
Ari Page
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- [18:35]
Commercial Announcer
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- [19:01]
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- [19:20]
Justin Colby
Hank, what's going on? We haven't worked a case in years.
- [19:23]
Ari Page
I just bought my car at Carvana and it was so easy.
- [19:26]
Commercial Voice
Too easy.
- [19:27]
Justin Colby
Think something's up?
- [19:28]
Ari Page
You tell me. They got thousands of options, found a great car at a great price, and it got delivered the next day.
- [19:35]
Justin Colby
It sounds like Carvana just made Makes it easy to buy your car, Hank.
- [19:39]
Ari Page
Yeah, you're right. Case closed.
- [19:42]
Justin Colby
Buy your car today on Carvana.
- [19:46]
Ari Page
Delivery fees may apply.
- [19:48]
Justin Colby
And just for clarity, because I want to make sure I'm clear on it too. I have a personal card. I get the same card from the same bank, but a business version.
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Ari Page
No, in this case I was just giving an example. All, all in personal. So if it's a personal card, apply for another personal card. If it's, if it's a business card, then apply for another business card. Got it. So it's the same thing just on the business side.
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Justin Colby
Now here's a, just a personal question. Can you do that? Can you transfer a personal credit card to transfer it over to a business card?
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Ari Page
Absolutely.
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Justin Colby
Well, that helps people personally. Right? Because if you just think about what I know, and I'm limited, you're the expert here. But I know that the personal cards are really heavily predicated on my credit score. Right. In my income and all that kind of stuff where the business cards are not quite as predicated on my credit score. Right. I mean effectively they might have a soft pull, but it's not a hardcore credit pole based around the limits. Now if you get zero percent, obviously they want some level of guarantee, your
- [20:48]
Ari Page
credit score, but they're also including the business's profile which can help when it comes to income. But a lot of this is predicated off of the business owner having good personal credit. If you have good personal credit, that's when they'll approve you and they'll report it to the ein number of your business and the tax ID number. That's where they're not reporting it to your personal credit. So that's the. There is no getting 0% credit cards without some form of a personal guarantee.
- [21:16]
Justin Colby
Yep. Yeah.
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Ari Page
So but once they've approved you, then it reports to the business.
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Justin Colby
And just for clarity, some people are going to think this is some hack. If they have bad credit, you still need good credit. I understand these are business cards and we're talking about business lines of credit, but you still need good credit to be able to get approved for something. Right. Whether it's 10 grand, 20 grand, 100 grand, 200 grand. And so just understand that. I think I was asking more of a personal question because wouldn't it make sense for the limited stuff I know about credit, if I'm able to move a personal credit cards balance to a business card, I'm freeing up a lot more of personal credit that isn't necessarily viewed the same way. And maybe I'm wrong here. Right. So Dun and Bradstreet, which is looking at my EIN vs TransUnion and experience
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Ari Page
jump in real quick. So we have situations where we're. Well, we will apply it like Chase or US bank where they also have Personal cards, where a client will have personal cards. In fact, we, we generally try to go first to banks where they already have existing relationships. Existing relationships should at this point be at the put at the top of the list. If I have an existing relationship, a Bank of America or Chase or U.S. bank, I'm going to go there first. Now, if I have useless 20,000, $30,000 personal cards because they're 18%, if I have these cards sitting there and then I apply for a US bank business card and I get approved for 15,000, you can bet I'm going to do what Justin suggested. I'm going to go into my personal and I'm going to ask that underwriter, can I migrate 5,000, 10,000 off of this $20,000 card on my personal and move it over to the business? Because they see you as a total exposure. They don't care if it's reported to the business side. If it's reported to the personal side, the bank sees your total exposure and you can actually have a conversation with them and they will happily divide it up how you see fit. The, the total exposure really matters little to them.
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Justin Colby
Wow, that's amazing. I mean, this can really help. This is a odd way of looking at this, helping you more personal, right. Like if you need to, if you need to free up credit personally, you want your credit report. Right. Like you want your personal credit score to bump and you have I'm making it up 50 leverage on your credit cards, your credit score is not going to get to the higher numbers. Right. But if you can take off 30% of that, move it over into the business credit cards, the TransUnion Experian, they're going to look at your personal credit a lot of better and your credit score is going to go up. Correct?
- [23:47]
Ari Page
Yes. And to add to that, you can also now use the business credit cards a lot easier without worrying about them affecting your score. Because when you use a personal credit card, the more you put on that card, the more it pulls your personal score down.
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Justin Colby
That's right.
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Ari Page
And then that precludes you from being able to do the card stacking process. So if you want to be able to do the card stacking process, it's kind of important that you're doing it using business credit cards that don't report to the personal credit report that way, like you were just mentioning, your personal scores go higher, you can still leverage using the business credit cards. And then when it comes time to doing the card stacking process and getting new 0% cards, your credit score hasn't taken a dip in the meantime, it's
- [24:30]
Justin Colby
like you should have a coaching program around this.
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Ari Page
And I wanted to mention that that is probably perhaps one of the biggest things that funding grow does is the teaching and the education and the. The basically the nurturing for the entrepreneur surrounding all of this. We're not telling them where to spend it. We're not even offering places to spend it. We're simply saying, you tell us where you need to spend and we will help you make that transaction go through. Once you have business credit cards. Because sometimes when people get business credit cards or credit cards in general, they don't know how that can translate like a credit line to just spend within their business. And we show them how to do that and how easy it is.
- [25:09]
Justin Colby
This is just so phenomenal. I mean, listen, we're. We're. We started the episode by just talking about the, the challenges right now in the financial sector, right? Interest rates are not easy. You know, my. Because I'm in real estate. I mean, I don't think they're going to get that much better. I think people got spoiled during COVID But the reality is something like this is a maneuver that most people, most business owners are not aware of. I know you have serviced 30,000 clients, but I don't even know how many businesses in. I mean, you service everyone listening to this right now, if you're listening to this, you're probably a business owner. There would be no reason for you not to do this. So again, back to credit. This is not touching my credit. Right. They do a soft pull is my understanding.
- [25:49]
Ari Page
Right.
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Justin Colby
Which is not a hard pull on my credit score. And so it moves little to nothing.
- [25:56]
Ari Page
Doesn't move it at all.
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Justin Colby
And it doesn't move it at all. Right. And so I'm just saying things that perfect. Correct me when I'm, you know, close. But to me as. And I own multiple businesses. Right. Just as you do. But I. This would even be beneficial for anyone that even owns an LLC as a. They're about to get started as. As a business. Right? Like this. This just only helps absolutely everyone because you're not banging your credit to go do it. It gives you a credit availability and then you start to have options. Like a lot of people think that you need money. I'll use real estate because I'm in real estate. It's my thing. A lot of people think you need money to be in real estate and you just don't. And part of it is because you borrow other people's money. Well, I don't like borrowing other people's money as much as I like borrowing free money. Free money is, is the best money to borrow and this is exactly what it gives all entrepreneurs.
- [26:46]
Ari Page
Yeah, when you look at other people's money in terms of hard money, you're looking at spending a lot, 15, 20% more if you're lucky. And so when you're looking at the 0% credit cards, this is the cream of the crop when it comes to banking products. When I say offering it to you at zero percent, I literally mean zero percent. It's a simple interest loan. You are paying back the exact amount that you borrowed and no more. And so that's truly different when it comes to investing. And most, most entrepreneurs aren't even aware of products that carry such a low interest rate. And so not only are we helping small business owners and people that make that are just breaking out of their nine to five, breaking out of the corporate world, getting into becoming an entrepreneur. We also help businesses that are, that are earning six figures, that are earning seven figures, that need funding for a variety of things that they simply don't want to be tied to specific assets or specific deals. Really want floating money to use for whatever growth scale.
- [27:56]
Justin Colby
Right. I, you know, I bring my company and I want to 5x my company. Well, there's cost associated with that, whether it be office based personnel systems, whatever. Right. In marketing, like I don't want to have to use the cash flow. Right. So bear with me on the, the numbers. If I'm, if I'm bringing in 100 grand a month, I don't have to rip the whole 100 grand up and now grow my company out of the 100 grand that I'm normally making. Why not use free capital to build the growth so that when you get to the growth, now you're making, if you're 5xing it, you're making $500,000 a month and then you can pay back the 0% capital. I mean, I don't care what level of business you're in, it would be foolish of you not to consider something like this.
- [28:39]
Ari Page
Yeah. And we have many situations where instead of a small business just spending out of their bank account, which those transactions can't be reversed, they'll use a business credit card. And when they're dealing with different vendors that they're unsure about, not only does that free up that cash that a hundred thousand coming in now they have more cash to spend because they're using the credit cards to purchase things with their vendors. But Sometimes we end up working together with vendors who are not reputable. And you can't reverse a transaction directly out of your bank account. If you pay them by check, if you pay them by cash, if you pay them out of your bank account, you can't reverse that, but you can reverse transactions on a credit card, whether it be a business credit card or a personal credit card. And so this form of asset protection is huge for small businesses that are interacting with other businesses and contractors that they simply are unsure of. And certainly after you've interact with that business enough, you, you can trust them and know. But there's many times where if you, if you can see that a business doesn't accept credit card, go online and start googling them and you'll find out very quickly why they don't accept credit card because they're not a great company. So companies that offer credit card usually are the ones that stand behind their work. And they know that at the end of the day that their customers aren't going to charge back on them. And that's, that's the key there is for people to use chargeback when they're interacting with the business. And they've used their business credit card, they purchased something that wasn't as described. You can call the back of the credit card, you just look in the back of the credit card, call that phone number, and. And they'll reverse the transaction. It's called a chargeback. And so we've had many customers have to use that to defend their custom, to defend their businesses from fraudulent transactions that they thought were a legitimate company.
- [30:29]
Justin Colby
I wish I would have done this in the beginning of 2024. And you're well aware of the nightmare I've gone through in my real estate business. If I would have paid these contractors with my credit cards, I would not be in the position I am today. Because even as recently as last month, I got a message from a tenant that she feels like her floor is like a trampoline. And you're like, what? Well, it turns out he just. The contractor just laid LVP with no subfloor. So now I got to go back in. I got to go spend more money to put in a subfloor and then more lvp. Meanwhile, the tenant needs to vacate. Meanwhile, I'm paying a mortgage and, and I could just charge him back on faulty work and get my money back.
- [31:12]
Ari Page
And as opposed to having to pursue him and sue him right now, I'm
- [31:16]
Justin Colby
gonna spend more money to go pursue him and sue him and probably has no money. This is why he did this. Right? And so I'm gonna get no, no juice out of this rock. So, anyways, I would tell you real estate investors, I mean, you do a lot in the real estate space in terms of your clientele. What do you, what do you see cool hacks with this program in the real estate space?
- [31:35]
Ari Page
So I see it. We work together with a lot of what we call affiliates, which is essentially different educators and teachers. And what we've found is that entrepreneurs being able to get access to this funding moves their deals forward faster than they ever thought possible. They thought that they were going to have to collect a whole bunch of cash first, that they weren't going to qualify for the larger loans. But suddenly, when they have cash on hand, when they are able to put skin in the game that's not based on the DSCR loan or on a mortgage or on a business line of credit, but they can actually get this easy funding that comes in really quickly, very accessible, that is just able to spur a lot of business that wouldn't be happening otherwise. And many times the coaches have to kind of break down to the students. This is how a credit card can help you. Most people aren't thinking in terms of credit cards. They're thinking in terms of traditional financing. So that's kind of one of the things we have to break out of that mindset and that model. And just think of like back in the day, it used to be that the banks would, you know, just loan 500,000 to a business fairly easily, one bank. But now they kind of mitigate it. They split it up, and you might get 50,000 from one bank, 75,000, 25,000. And so these, the business credit cards have, have brought a different form of funding. Instead of these massive loans, they're much smaller, broken up between many institutions. And it seems that over the years, this is what this type of funding is just being pumped out more and more and more right now with the interest rates being as high as they are, mortgages and all these traditional loans have slowed down. But if you look at the bank's numbers, the business credit cards are continuing to be pumped out at higher and higher numbers. And then if we look at the default rates, default rates of business credit cards, very low in comparison to personal credit cards. So our. So the clients that are business owners generally tend to use these responsibly. The banks see business credit cards as kind of like a purple product that are bringing in a royalty type of client that they then are able to offer business insurance and a whole plethora of other products that are for this specific suite of clients. Business owners are courted essentially by the banks using these 0% offers and you
- [33:56]
Justin Colby
just, you pull them all together for us. So I don't need to go deal with Wells Chase us like you just say, hey, here are your five best offers. Take these, let's go to the next. Let's you know, as a client and I know this, but I want everyone to understand what I know and I want them all to be your client. So first of all get over to fund and grow right fundinggrogu.com go get a hold of Ari page like go apply and what you gave me a website the other day that I thought was super cool. Isn't there just a quick website that they go to?
- [34:24]
Ari Page
So if they go to funding grow.com flip they're going to see two things on the screen. One of them is the pre qualification tool and then the other one is a webinar presentation that I've created. So what people can do is they could click on that pre qualification link and they can immediately get a printout of exactly how much funding they can get. Now it's important to note that like Justin's mentioned multiple times, there is no inquiry from doing this. It is a soft pull. We are going to look at your credit but it's a soft pull. It will not affect your score in that way. Like an attorney, we can tell you in black and white exactly how much funding we can get for you on the first batch as well as how much we can get for you over the life of the program. And there's no cost to that pre qualification. That's just something that, that will allow us and you to determine your, your, your credit worthiness and how much funding, how much business credit cards you can get.
- [35:21]
Commercial Narrator
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Justin Colby
Learn more@chase.com SapphireReserve cards issued by JP Morgan Chase bank and a member FDIC subject to credit approval.
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- [36:16]
Justin Colby
AT&T business, wireless connecting changes everything
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Commercial Voice
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- [36:37]
Justin Colby
Carvana is so easy. Just a click and we've got ourselves a car.
- [36:41]
Ari Page
See, so many cars.
- [36:43]
Justin Colby
That's a clicktastic inventory. And check out the financing options, payments
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Ari Page
to fit our budget. I mean, that's Clickonomics101.
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Justin Colby
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Ari Page
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Justin Colby
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Ari Page
Delivery fees may apply.
- [37:06]
Justin Colby
I mean, say that website again, because this is all free, guys. Just go to fundinggrow.com forward/flip, go see how much you can get. Maybe it's 20 grand, maybe it's 50 grand, maybe it's 70 grand. Who knows? But you might as well go see. It's totally free. It doesn't bang your credit. You're totally fine. And by the way, I would take it because 0%, right? Like, just take the free money. You know what the best part of that part is? Free money, right?
- [37:30]
Ari Page
You.
- [37:30]
Justin Colby
You always have costs associated to your business. We all do. Okay? I don't care if you're an author. Well, you travel to go speak on stage, right? Like, you have costs. Don't be silly. Let that cost be on. On a line of credit. I see a lot of different verticals in the real estate space that I'm just super excited about, right? From marketing to, you know, material costs to paying the contractor, to paying payroll, while, you know, the flip is in the middle of flipping and paying payroll. I mean, there's just so many benefits here. There's another benefit that you and I were joking about of, like, what about the points? What about the travel points? Right? The airlines, the hotels? Like, people don't even sometimes think about that, right? Like, you're going to travel. I'm going to take my family somewhere every single year. Now, in my case, it's a lot of places, but, like, why would I ever have to pay for that? The answer is I shouldn't, right? I mean, and you have points associated with all this.
- [38:30]
Ari Page
Yeah. You know and you don't even have to use them all for airline. You'll be able to fly anywhere you want for free as well as be able to get cash back. Like funding grow every quarter receive 10, $15,000 of cash back. So we're getting paid for using the very credit cards that we have to use anyway. We use it for things like our electric bill. We use it for pay per click marketing. We use it just for a variety of different things that we, that you, you could pay for out of your bank account. You could pay for with a, with a check. But why do that? Why not pay for using a business credit card where we can get, and if we get, when, when we get a card that has a higher cash back amount, we swap it out for that card.
- [39:12]
Justin Colby
Yeah, well, in, you know, you mentioned it earlier, but I want to bring it back up because we didn't go very deep on it. When you, you know, 0% usually lasts what, 12 months, maybe 18 months. So then you just go do that again. Go find more. Like what's the process? They're like, okay, this sounds great, but what happens in a year when my 0% up?
- [39:32]
Ari Page
Yeah, we have clients that have 600, 700,000 in, in this type of funding. When I look through the database and I sort it by the amount of funding, I have to scroll for quite some time to get down to even where clients are just at the 250,000. Yeah, I mean, obviously these are clients that have been with us for some time. Some of them have been signed up for two years. And so the long and short of it is the more that you keep that you use the credit cards, the more that they're going to give you more of the credit cards. If you, if we sign you up for credit cards and you don't ever use them, it's going to be hard to get you more. That's an important, important thing to mention. Spending on the cards is important in order for us to be able to do the card stacking process. Otherwise they say, well, you had a $20,000 card, but you only ever used it for $3,000 last year. So putting big purchases and paying them off is important too.
- [40:26]
Justin Colby
Yeah, getting. So what's the process of getting more?
- [40:30]
Ari Page
Right?
- [40:30]
Justin Colby
So let's just say I go get approved for 50 grand as an example. And I'm like, man, I'm about to. Whatever the case is, I have this big marketing budget coming up next month or, or, you know, I want to go buy this $50,000 rental, but I need more on this 0% line, is there a process to that? How quickly can you go get more? What do you have to do to go get more? If the initial number was good, but then this new thing pops up and you need more of that.
- [40:59]
Ari Page
So let's say that we've already done one round for the client, they've got started and then they have something pop up and they need more funding. What they would do is reach out to their, their counselor here at Fund and Grow who ushers them through the program and they, on, they would contact the correct department on their behalf and they would start the application process, which starts with the review. So we would review what their score looks like. We'd review which cards we believe they'd most likely be approved for that. We'd be able to get the higher limits on that, have the most lucrative 0% rates. Then we saying that everything's matched and perfect for that and there was, there's nothing that we need to do. We would then move forward and apply for them. Then after that is where our consulting services of working together with the client. This is where two thirds of the funding come in. We then show the client and describe to them exactly how to interact with the underwriters. And it's a pretty simple thing because we give them the phone number. They legally, they have to be the one doing this. We wish we could do it for them, but we can't. They have to do this. So then once they've spoken to the underwriter and they've transmitted the information that we've told them to, which is basically the perspective we need to, to speak to the underwriter from the perspective that will, that will give them the most confidence in that, in that client's business. And so we teach the client how to create that confidence. There's no kind of lying or misrepresentation. There's nothing untoward going on there. It's all just about in the way that the business is presented to the underwriter. Now that can be the difference between a decline or a $50,000 approval. And like I showed you before, Justin, in our software, one third of the funding coming in comes from the applications. Two thirds of the funding, the lion's share, 70, 60, 70% of it comes in for, from the negotiations. That's where when that client talks to the underwriter, they're like, oh, now I'm talking to you, Justin. All right, cool. Let me get you, go ahead and get you approved. So a lot of it is about this identity theft, identity, you know, this, that and the other really talking to that person, verifying things. These are things that we can't necessarily verify. Some of it's going to be about the business. Now this, this whole process is where two thirds of the funding comes in for, from that simple interaction with the, with the, with the underwriter. Then they approve it and then the client will report back to us how much was approved on that call. And then, you know, we can look at what their total aggregate amount of funding was for that batch.
- [43:35]
Justin Colby
Goodness gracious. This is just a, you make it easy. A, you make like you're just service oriented. Right. You make this as easy as possible for us. Is there like. And you may not be able to answer this, so it might be too deep. But like, is that like within the first 30 days or would that be too soon? Like when could you go? Let's just say I get approved and I get 50 grand, like the example, but I gotta use that 50 grand. And then in 34 days this opportunity comes up or I want to make this higher or I have to cover this bill and I need another 30. Are we like, is that just too fast to turn around or is there actual.
- [44:12]
Ari Page
Yeah, that would probably be a little too fast.
- [44:15]
Justin Colby
Yeah, yeah, yeah.
- [44:16]
Ari Page
Now there is limited situations where we did move forward like that and we got the client the extra 30 they were looking for. But if they had followed our recommendations and we had waited the three months, then we would have gotten them probably 60 or 70,000 on the second badge.
- [44:34]
Justin Colby
Right, right. So yeah, just really pick and choose. Right? Like what, do you need it now or do it and get more later?
- [44:41]
Ari Page
Yeah, because we could take them to other banks that we didn't take them to on the first batch, but they're going to then look at those inquiries and say, well, why are all these inquiries on there? And we can help the client talk around it and explain why those are on there, that they're using that for their business as well. But it might, it might hamper the total amount.
- [44:59]
Justin Colby
This is, this is so easy. I would say. Well, let me, let me rephrase the question. I was going to go, what do you think people need to know? What do you think is, is misunderstood in this space or something you feel like you should probably clarify? Because people just, they either don't know or they misunderstand the reality of what all this is.
- [45:19]
Ari Page
I think that a lot of people don't realize how easy it is to use business credit cards in lieu of traditional financing. Most people are just going to go for traditional financing. Because it's what they know, it's what they've heard of. They've never heard of using business credit cards like this. It sounds strange to have to use third party payment services and to have to piecemeal multiple credit cards together. And the question is, how badly do you not want to give all your profit to the banks? Yeah, it's like, do you want to save money? Do you want to get easy access to funding? I mean, there are some people that will go on Shark Tank and give away 50% of their company for $50,000 when you could get access to 250,000 and 0% credit cards and be completely in charge of your own business. So I couldn't explain to you why sometimes people will go and give away half their business for no good reason at all.
- [46:13]
Justin Colby
Ari, that was a brilliant analogy. It's not even the same example. Yeah, people give away 50% of their business for like 50 grand, 25 grand or whatever the number is. Or you go find funding grow, you go find Ari and you just get 0% capital. And so, so what happens after 0%? It just goes your normal 15, 18% normal credit card stuff.
- [46:36]
Ari Page
So now that's the card stacking process. We show people how to keep it at 0%, pretty much ongoing. But that would also mean that they need to be a client of ours. Now the cool thing is, is that we show them how to do this. When we're teaching you how to interact with the negotiator, guess what we're doing? We're not just showing you where to fish, we're teaching you how to fish. The part of our program we haven't spoken about so far is, for example, like the building that I'm sitting in right now, close to $2 million. Building funding grows Headquarters was purchased using corporate funding. Had nothing to do with credit cards, but it also was is not in my name. It's 1, 100 fully in the business's name. So we help our clients with the business credit cards, but we're, we're showing them how they can eventually qualify for paydex, Dun and Bradstreet based corporate financing. That has nothing to do with their personal credit report. It's not personally guaranteed. Whether it shows up or not, it's not personally guaranteed. Like I have multiple office buildings that I've personally purchased that have nothing to do. Well, I say I personally, but they're all in the business name. But, but mine, it's, it's all. It was first based off of building up using the business Credit cards getting my scores higher and higher then transitioning over to Dun and Bradstreet based financing. Corporate financing that truly is 100% in the business's name. At first you have to use the personally guaranteed business credit cards because you don't have, it's like your business is like a high schooler. It doesn't have a credit score yet. It just graduated. So that has to be built up, fund and grow. Will help every client that comes to us for business credit cards. We will help them build, build their payback score, build their Dun and Bradstreet and be able to qualify for all types of corporate based financing that has nothing to do with personal guarantees.
- [48:31]
Justin Colby
Yeah, I mean now we're next level. Now we're like you know, buying you know, big boy real estate on loans that are not personal. And that's where I start to get really excited. So there is a process to essentially turn your 0% year over year so you essentially can stay in 0% financing for a very long time.
- [48:54]
Ari Page
Yes.
- [48:55]
Justin Colby
Does it work in the same way? You know, personal credit cards, they were taught at some point. I think it was Robert Kiyosaki who's teaching like you give them a call. These are personal credit cards. Give them a call, ask for the promotional rate. Can you kind of do the same thing with the corporate cards overtime?
- [49:11]
Ari Page
Well it used to be that we could call and we could ask for the, for the checks. Oh right, where, where they would then send you out a check that you can spend off of your credit line. It would have a intern, it would have some type of a special rate to it. It's hey, Justin has this 25000 card for 18 that he never uses. So if I send him these convenience checks and tell him that between this month and this month it's going to be at this particular, it's going to be at 0%. Anything he does on that credit card with these convenience checks is at those percent. So than that. But now that kind of fell out over the, you know, the, the basically the last like five, six years as the economy kind of went up and down. Those types of convenience checks are more, they're not consistent across. All, all different. All. Yeah, but, but what you can do is you can call that same bank and you can apply for another credit line from them and then merge the two together.
- [50:13]
Justin Colby
If I have two businesses, I could do this in two separate businesses essentially. Yeah, because it's all still PG by me.
- [50:22]
Ari Page
Exactly. That's the key. The key is that it's all still based off of your good credit. So now funding grow for our paid members allows two people to be part of the membership. So imagine that you have good credit and your partner has good credit. Now we could use the same entity. We could use multiple entities. We could help set up an entity. It doesn't matter. That's all taken care of within the program. We will help someone get an entity set up. They just pay the state filing fee. So getting the entity set up is not an issue if they don't already have it. But the key thing here is the individual business owners good personal credit because we can use any entity to properly keep it off of their credit report. Of course it's got to be, it's going to be their entity. Of course.
- [51:05]
Justin Colby
Yeah, of course.
- [51:05]
Ari Page
That's, that's easy. It's way easier to set up someone an entity than it is to get them good credit.
- [51:11]
Justin Colby
No doubt. Ari, first of all, this has been incredible. I mean you literally are just. I, I think you're at the tip of what everyone should be doing in the business space. This is why we're here. Go to funding grow.com flip to just see how much you're going to qualify for. Go check out Ari. Go check out funding grow. I think anyone listening to this, anyone watching this, you need to get going on this. It doesn't make like mentally to me we were talking yesterday and I'm just like bro, let's just go like it doesn't make any sense for any business owner to not do something like this. So thank you very much again. Go follow Ari all over social media. Ari page. What's your handle on like Instagram for for example?
- [51:55]
Ari Page
I think it's Ari page three.
- [51:58]
Justin Colby
Okay. And then fun to grow.com forward slash flip would be where you want to go to get pre qualed. You have a lot of can. Can someone find a way to like get on a call with one of your team members? Is there a way that they could do that to ask further questions?
- [52:11]
Ari Page
Yeah, absolutely. So if you go to the link fundandgrow.com flip and then you choose the pre qualification option and then do the pre qual directly below the pre qual you'll see the Microsoft calendar tool pop up and then boom. Just click when you want to talk to our people and they will give you a free business development call that and regardless of whether you qualify for our program or not, we're going to show you how to qualify for funding. You may not be able to sign up and pay us anything, but we can at least point you in the right direction. If you don't qualify, what do you need to do to qualify? So we're very passionate about getting people access to funding and whether that means you need to put some work in ahead of time. We're the only company out there that actually is willing to put in that work ahead of time.
- [52:57]
Justin Colby
I love that. Dude. You're phenomenal. Guys, if this episode you know some people, you happen to have a friend or two or parents or family members that could probably use this information. Please share this with at least two of the friends and family members. And by the way, make sure you give a five star review for this episode. That is RA Page. I am Justin Colby and this has been the Science of Flipping. Thank you and make sure you share this with some friends. We'll see you on the next episode.
- [53:23]
Commercial Narrator
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Justin Colby
Learn more@chase.com Sapphire Reserve cards issued by
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Ari Page
JPMorgan Chase bank and a member FDIC
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- [54:17]
Justin Colby
AT&T Business Wireless connecting changes everything with
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Justin Colby
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Ari Page
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- [55:16]
Justin Colby
Thank you for listening.