Page 188 - Winning The Credit Game Bundle (CK Patrick)

Just remember that with great power comes great responsibil-
ity: if you are going to move money internationally or make it
available to more members of your businesses, make sure to
keep close tabs on that spending to ensure you will be able to
pay all your invoices in full at the end of the month.
Once you have a Brex account, you will receive a Brex busi-
ness card. This card is secured by the money you have in your
Brex account, but it functions otherwise like a credit card. Brex
reports your successful (or unsuccessful) payments on this credit
card to Experian and Dun & Bradstreet.
I recommend that you use this card to make your invoice
payments moving forward. In a way, this allows you to count
your payment history toward your business credit history twice:
once when you pay the vendors, and again when you pay Brex
to cover those expenses.
Once you have built even more credit history by maintaining
Tier 1-3 vendor accounts and paying off a secured Brex credit
card for a few months, you will eventually qualify for an unse-
cured Brex credit card, which offers a higher limit and more
rewards that your business can use. An unsecured Brex credit
card represents tremendous purchasing power; by the time you
get there, you will have cultivated the necessary skills to use it
responsibly!

SEEKING INVESTORS

There are several tiers of investing, just as there are many tiers of
business credit. When you investigate an established company’s
investors profile, you may find information saying that it has
been through various “rounds” of financing. This can refer to
investing from different types of investors who have specific
business models for investing at companies in different stages of
development.
As you will see from this section, getting investors can be
quite a competitive and specialized endeavor. It can be even
more challenging than getting a bank loan since investors are

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