My Business Credit helps business owners pre-qualify for business financing by providing access to credit scores, educational resources, and lender matching. For businesses that don't automatically pre-qualify, they offer coaching services to improve their creditworthiness and access capital.
Funding
Funding not disclosed
Founders
Product
Problem
Many small business owners struggle to access necessary capital due to imperfect or limited business credit histories, hindering their ability to grow and scale their operations. Traditional lending institutions often require extensive credit history and strong financials, creating barriers for startups and businesses with limited operating history. This lack of access to funding can stifle innovation and prevent businesses from reaching their full potential.
Solution
My Business Credit offers a platform designed to help business owners pre-qualify for funding and build strong business credit profiles. The platform provides a free pre-qualification scan that analyzes over 150 data points to assess a business's funding eligibility. For businesses that do not initially pre-qualify, My Business Credit offers a step-by-step credit building software, educational resources, and coaching services to improve their creditworthiness. The platform also provides access to a network of over 200 lenders, offering a variety of funding options, including startup funding, working capital loans, and revolving lines of credit.
Target Audience
My Business Credit primarily targets small business owners, startups, and real estate investors seeking funding for growth, expansion, or real estate projects, particularly those with limited credit history or who have been previously denied funding.
Features
- Free pre-qualification scan analyzing over 150 data points related to business credit, lender compliance, and online footprint
- Step-by-step business credit building software with video tutorials and coaching
- Access to a network of over 200 lenders offering various funding options
- Tools to identify and correct errors on business credit reports
- Resources for establishing a credible business presence, including assistance with business registration, virtual phone/fax setup, and website creation
- Access to business credit cards and vendor lines of credit
- A community forum for connecting with other business owners and professionals