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Getting Corporate Credit for Amazon sellers (in USA, UK, Europe & rest of world) with Bruce Mack of Platinum Financing Group
Platinum Financing Groups is a financial consulting company that primarily funds clients.
Bruce Mack is a licensed financial advisor, speaker, trainer, and ex-banker.
FBA Seller work
This show is focused on those who already have revenue, and know how to do the basics and want to grow and are ambitious. One of the things you need to do is money because this is an inventory based business. That means it's capital intensive. There are many, many discussions that I've had at the 10 k collective mastermind, where one of the major topics is:
“How do I get more money to fund my business?”
Bruce Mack’s Background
The man to deal with that is Bruce Mack of Platinum financing Group, a financial consulting company that primarily funds clients. Bruce has a huge background in finance: He is a financial advisor, a speaker, a trainer. He was even a banker in his past life, so incredibly qualified to talk on this subject.
Bruce has Worked with a number of people in FBA space, including the first FBA seller to have $1-million day on Amazon.
He is also a passionate skier and was a ski instructor, which is one of his motivations in business.
TOPICS
UK based individuals with LLCs - can they get funding?
Yes, they can get domestic (US) funding regardless of where they are in the world - up to $50K in Domestic (US) business credit.
They would need to file for EIN number. Then consultants can work with them on small lines of credit
Then using credit cards up to $25K
For USA based people
$200K Credit is easily achieved.
They have Revolving lines of credit up to $75-200K
They can stack those and often get up to another $100K
Other programmes if a business owner and have a track record
What are the forms of lending that one can get as a business owner?
Revolving lines of credit programme
Additional credit cards
A mix of business and consumer cards.
At zero% APR for up to 21 months.
Licensed financial advisor - worked with MasterCard and Visa
If you want just one credit card, you don’t need Bruce or Platinum Financing.
But if you need 8-12 cards, you need him. If you're making multiple enquiries at the same time, the whole thing will implode. There’s an order and logic to flow, otherwise, you’ll get declined 100% of the time - and probably damage your credit rating in the meantime.
There is no term to pay it back. Monthly minimums for years (revolving)
Transcript
Ladies and gentlemen, welcome to the show. This is your host, Michael Veazey, with more wonderful knowledge for advanced or at least the moving Amazon sellers. This show is focused on those who already have revenue, and know how to do the basics and want to grow and are ambitious. And one of the things you need to do is money because this is an inventory based business. And that means it's capital intensive. And there are many, many discussions that I've had at the 10 k collective mastermind, where one of the major topics is how do I get more money to fund my business. So the man to deal with that is Bruce Mac of Platinum financing Group, a platinum finances of a financial consulting company that primarily finds clients and Bruce has a huge background. This stuff is a financial advisor. He's a speaker, a trainer. He was even a banker in his past life, so incredibly qualified to talk on this subject. So Bruce, warm, warm, welcome to the show.
Bruce Mack 1:46
Thanks so much, Michael. I really appreciate being invited to your show and look forward to chatting with all the folks that are on the podcast and what have you and give them some great information that they can take to the bank. Pardon the pun.
View all episodes
By Michael Veazey
4.3
33 ratings
Platinum Financing Groups is a financial consulting company that primarily funds clients.
Bruce Mack is a licensed financial advisor, speaker, trainer, and ex-banker.
FBA Seller work
This show is focused on those who already have revenue, and know how to do the basics and want to grow and are ambitious. One of the things you need to do is money because this is an inventory based business. That means it's capital intensive. There are many, many discussions that I've had at the 10 k collective mastermind, where one of the major topics is:
“How do I get more money to fund my business?”
Bruce Mack’s Background
The man to deal with that is Bruce Mack of Platinum financing Group, a financial consulting company that primarily funds clients. Bruce has a huge background in finance: He is a financial advisor, a speaker, a trainer. He was even a banker in his past life, so incredibly qualified to talk on this subject.
Bruce has Worked with a number of people in FBA space, including the first FBA seller to have $1-million day on Amazon.
He is also a passionate skier and was a ski instructor, which is one of his motivations in business.
TOPICS
UK based individuals with LLCs - can they get funding?
Yes, they can get domestic (US) funding regardless of where they are in the world - up to $50K in Domestic (US) business credit.
They would need to file for EIN number. Then consultants can work with them on small lines of credit
Then using credit cards up to $25K
For USA based people
$200K Credit is easily achieved.
They have Revolving lines of credit up to $75-200K
They can stack those and often get up to another $100K
Other programmes if a business owner and have a track record
What are the forms of lending that one can get as a business owner?
Revolving lines of credit programme
Additional credit cards
A mix of business and consumer cards.
At zero% APR for up to 21 months.
Licensed financial advisor - worked with MasterCard and Visa
If you want just one credit card, you don’t need Bruce or Platinum Financing.
But if you need 8-12 cards, you need him. If you're making multiple enquiries at the same time, the whole thing will implode. There’s an order and logic to flow, otherwise, you’ll get declined 100% of the time - and probably damage your credit rating in the meantime.
There is no term to pay it back. Monthly minimums for years (revolving)
Transcript
Ladies and gentlemen, welcome to the show. This is your host, Michael Veazey, with more wonderful knowledge for advanced or at least the moving Amazon sellers. This show is focused on those who already have revenue, and know how to do the basics and want to grow and are ambitious. And one of the things you need to do is money because this is an inventory based business. And that means it's capital intensive. And there are many, many discussions that I've had at the 10 k collective mastermind, where one of the major topics is how do I get more money to fund my business. So the man to deal with that is Bruce Mac of Platinum financing Group, a platinum finances of a financial consulting company that primarily finds clients and Bruce has a huge background. This stuff is a financial advisor. He's a speaker, a trainer. He was even a banker in his past life, so incredibly qualified to talk on this subject. So Bruce, warm, warm, welcome to the show.
Bruce Mack 1:46
Thanks so much, Michael. I really appreciate being invited to your show and look forward to chatting with all the folks that are on the podcast and what have you and give them some great information that they can take to the bank. Pardon the pun.