How can you use it?
How can you use it?
After the completion of our online application, you become a member of our Business to Business Network.
What makes us unique is that we report the business transactions of the B2B Network to the business credit bureaus. The new leverage of power is one step in preparing businesses for the instability of an economic structure that primarily benefits large corporations.
The biggest challenge is awareness of business credit. This is where NBC steps in. We make sure you are credit-ready.
How it works
- A client within the B2B Network contacts you to perform a service or provide goods
- Provide the services or goods within your contractural agreement
- The client provides you a receipt
- Submit the paid receipt to NBC
- NBC submits the paid transaction to the business credit bureaus
- Your business credit score goes up
- Your business is in a better position to build or improve your banking relationship
A few facts
- Small businesses use personal credit 46%
- do not know business credit score 72%
- do not know how to interpret business credit score 82%
Why must you use it?
Why Must you use it?
Large corporations such as Google, Facebook, Amazon, Alphabet, and Netflix took complete advantage of these demographic groups in their use of ads and the choice of brands. Convenience is the common denominator that increased revenue. Yet, these same groups do not receive the same type of rewards as the corporations.
How it works
NBC intends to turn the use of algorithms upside down. Personal credit is very important when banks and other financial institutions make decisions. Business credit and personal credit run along the same track for a short while. When they split NBC steps in to make sure that the information that is reported to Dun & Bradstreet, Equifax, and Experian are monitored and reported accurately. The greatest challenge that NBC addresses are simply reporting. The credit bureaus do not know that the transactions are taking place, because they are not being reported.
The best part is that you do not have to stop doing what they love to do!
A few facts
- Female adults who use the internet in 2021 93%
- Hispanic use of the internet in 2021 95%
- African American use of the internet in 2021 91%
When will you use it?
When will you use it?
NBC targets businesses owned by minorities or women because they encompass most of the decision-making consumers in the United States. On March 11, 2021, President Joe Biden signed The American Rescue Plan Act of 2021. The $1.9 trillion plan is designed, in part, to help families impacted by the Covid-19 pandemic. According to a study at the University of Georgia, African American buying power surpassed $1trillion in 2016 and is projected to reach $1.5 trillion in 2021.
The harsh reality came to the surface that many businesses owned by women or minorities, especially African Americans, do not have a relationship with banks. As a result, businesses suffered, closed, and continue to struggle to reopen. Although business loans are becoming available to minority-owned businesses many of the traditional financial institutions are not willing to assist because of insufficient credit.
WHY WE CARE
29% of small businesses fail because they run out of capital.
First, consider why small business lending exists in the first place. Though many small businesses seek capital to finance exciting opportunities, still others apply for small business loans to bridge financial gaps.
In fact, running out of capital is the second most common reason that small businesses fail. 29% of small businesses that fail do so for this reason.
Almost half (42%) fail because there’s no market need for their products or services, which can also translate into a capital shortage.
Other reasons for failure include:
- 23% failed because they didn’t have the right team
- 19% were outcompeted.
- 18% failed because of pricing and cost issues.
- 17% failed because of a poor product offering. [1]
A FEW FACTS
- Have outstanding debt 70%
- financial needs are met 48%
- approval rate for merchant cash advances 85%
Credit
Solutions
It’s your turn
business
solutions
Sometimes
you need some help.
Our Vision
To serve as a B2B network that extends the wealth and financial stability of businesses or organizations owned by women or minorities and those who support them.
Our mission
Success is at the core of our existence. Our business models integrate the future of technology, marketing, financial and education. NBC extends our wealth of knowledge and skills to a community of brothers and sisters.
Our Purpose
Reclaim the wealth of contribution built on the backs of women and people of color.
Our story
Entrepreneurship is nothing new to the Black community. Booker T. Washington believed that solutions to the problem of racial discrimination were primarily economic and that African American entrepreneurship was vital. Thus, he founded the league to further the economic development of African American businesses in order to achieve social equality in American society. Members in the league included small business owners, farmers, doctors, lawyers, craftsmen, and other professionals. The league maintained directories for all major US cities and incorporated African American contacts in numerous businesses.
While African Americans make up just 14% of the population, we are responsible for some $1.2 trillion in purchases annually. Further, consumers of color are showing an out-sized influence in several key consumer categories, and are increasingly demanding that businesses do and be better.
According to a Nielsen study, “Black buying power continues to increase, rising from its current $1 trillion
Budgeting, investment, taxes, and banking are taboo because there is a distrust of associating money unless it is in our wallets or purse. Networking Business Credit embraces the philosophy and business practices of Booker T. Washington. It is our goal to build an interdependent network of businesses and organizations owned by minorities and women. Within the network, we will emerge business and credit. These business practices will and must be taught to younger generations.
On March 11, 2021, President Joe Biden signed The American Rescue Plan Act of 2021. The $1.9 trillion plan is designed, in part, to help families impacted by the Covid-19 pandemic. According to a study at the University of Georgia, African American buying power surpassed $1trillion in 2016 and is projected to reach $1.5 trillion in 2021.
The harsh reality came to the surface that many businesses owned by women or minorities, especially African Americans, do not have a relationship with banks. As a result, businesses suffered, closed, and continue to struggle to reopen. Although business loans are becoming available to minority-owned businesses many of the traditional financial institutions are not willing to assist because of insufficient credit.
NBC offers a three-prong solution:
- After the completion of an online application, they become members of our Business-to-Business Network.
- Small Business is Big Business is the pulse of the B2B Network. What makes us unique is that we report the business transactions of the B2B Network to the business credit bureaus. This new leverage of power is one step in preparing our businesses for the instability of an economic structure that primarily benefited large corporations.
- NBC’s ultimate goal is to reach a global B2B audience in multiple languages, cultures, and currencies including Bitcoin. Our greatest tool is an extensive library of courses and workshops that we continue to develop for startups to businesses that have relied upon personal credit for decades. As we cast our net, the courses will be translated into spoken languages and ASL.
Our Status
NBC is at its proposal state. We are seeking investors, professionals and leaders who are willing to contribute to our vision to serve as an important business that will create strides in and around our communities.
Imani is a member of Networking Business Credit. During a casual NBC event, she is one of the featured guests. During her ten minute pitch, she tells of an upcoming expansion of her boutique retail business.
Damon, also a member of NBC, introduces himself as a general contractor to arrange a meeting with Imani. During his meeting with Imani, Damon realizes that he will need plumbers, electricians, HVAC, interior decorators and painters.
Two weeks later, Damon and Imani sign a contract to secure his services. When Imani makes her first payment to Damon, NBC will report that transaction, to the business credit bureaus.
Damon subcontracts with interior decorators and engineers in the network. When Damon pays his subcontractors, NBC will report those transactions. Get the picture?
A NETWORKING event initiated BUSINESS transactions that NBC can report to the CREDIT bureaus.
What is Business Credit?
The video is not an endorsement of any business or services. It is solely for educational purposes.
How Do I Know If I Need Networking Business Credit?
What is Business Credit?
If you ever thought about starting a business, or you are currently a startup, own an existing business, or invest in real estate, then you’ve probably heard the phrase “business credit.” what is business credit
But what exactly is business credit? Happy you
Business credit is the ability for a company to obtain borrowed money that it can use to purchase products or services which is based on the trust that payment will be made in the future.
You get business credit from a credit grantor, whom you agree to pay back the amount that you spent plus any additional interest charges or fees, at an agreed upon time frame.
Now that you know the definition of business credit let’s go over the five types of business credit your company can obtain:
What is revolving business credit?
With revolving business credit lines, you have a set credit limit which enables you to make charges up to that limit. You have the option to either pay your balance in full or carry a balance (revolve the debt) and make a payment. Most business credit cards are a type of revolving credit for a company which you can get either unsecured or secured.
What is charge credit for business?
With charge credit, your company also has a set credit limit but the main difference is that you have to pay the total balance in full each month. This prevents your company from accumulating debt since you are unable to revolve debt.
Installment credit – With this type of business credit a lender loans your company a set amount of funds and you agree to repay that amount and interest in a regular monthly installment with a fixed payment for a set length of time. A business loan and commercial auto loan are typical examples of installment credit.
Service credit – Any agreements your company has with service providers are all credit arrangements. You receive internet service, cell phone service, web hosting, etc., with the agreement that your company will pay for the service every month. Keep in mind not all service credit accounts are reported to the business credit reporting agencies such as Dun & Bradstreet.
What is take credit?
Trade credit which is also known as vendor credit or supplier credit is when a business allows your company to buy products or services up to a set credit limit and pay for the total outstanding amount on the invoice within 10, 15, 30 or 60 days depending on the agreed upon net terms.
Why do you need business credit?
Business credit is necessary if you plan to use credit to make daily or major purchases for your business, such as marketing expenses, travel costs, equipment or inventory, or you want to be able to take advantage of the convenience that credit provides. It’s also important to realize that business credit goes beyond just purchasing power, in that your company’s creditworthiness plays a crucial role in future funding opportunities.
Business credit, like personal credit, is what you should build before your company actually needs it. The fact is your business may need access to credit to cover unforeseen expenses so it’s best to plan ahead and start the business credit building process now.
How do you get started?
The first step in establishing credit in your company’s name is to structure your business as a separate legal entity. If you haven’t filed the paperwork then you’ll need to do that before anything else.
Next, you’ll need to obtain your business tax identification number also known as a federal tax identification number (FIN) or an employer identification number (EIN). Once you’ve done this, you can open a business checking account in your company’s name using the EIN number.
Remember, business credit is not only about getting access to financing; it has become the driving force for setting terms on business lines of credit, business loans, insurance premiums, lease payments, and trade credit. With a strong business credit profile, you can receive more favorable rates and terms giving your company optimal use of its funding ability.
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Our app is under development as we gather the requirements, user interface, and user experience. If you or your company would like to be a part of the development team, please contact us below.
Building the Future
Why Choose Us?
It’s time to reclaim the wealth of our contribution to the economic strength that has been built on the backs of women and minorities with a disproportionate return. We can do it based on our own will.
Trust Worthy
We share a leap of faith while practicing accountability to our past, present, and future. The strength of our core values reflects the demand for diversity and inclusion.
Experienced
We bring to the table over a hundred years of experience from many walks of life, education, downfalls, and successes.
Approachable
We value our experience, education and expertise, but our stories are the pinnacle of how we maintain our dignity and foster a culture for today and tomorrow.
Remember
When Sisters Meet
They Sho’ Nuff Matter
Did you know?
All human brains start as female brains until the male brain is flooded with testosterone. But there they part paths. Men think in a linear fashion; women are circuitous and programmed to collect information. A woman’s brain has four times as many connections between the left and right hemispheres as a man’s. All of those signals hurtle down the superhighway into her right brain – the home of emotional memory, intuition, and experience. A woman not only reads – she attaches feelings to what she’s reading. A woman’s heart is in her brain – tell her a story that is filled with emotion, and explain why your brand is relevant to her.
If African Americans alone were a country, they would be the 15th largest economy in the world, with AA Women controlling the lion’s share of it. This is a very important thing for consumer goods and media companies to get a handle on as this proves the need for more multicultural strategies. Another thing seen in this report was that shows depicting a diverse cast were the most successful ones amongst all shows on television. Shows such as “This Is Us” and “Blackish” are enjoyed and watched across all ethnic lines, which can only mean having a more diverse cast equals strengthening of viewership.
Online Purchases
Online Purchases
- 78% of women in the US use the Internet before making a purchase
- Women account for 58% of all total online spending
- 33% research products and services online before buying offline
Black Women
Black Women
The digital sphere saw huge domination from Black women with the expansion of such movements as "Black Twitter." The report analyzed data that saw that women of color, particularly Black women, had the most economic control, with spending power being in the trillions.
Women's Earnings
Women's Earnings
- Women influenced $90 billion of consumer electronic purchases in 2017
- The average American woman is expected to earn more than the average American male by 2028
- Women account for $7 trillion in consumer and business spending in the United States
Asian Women
AAPI Women
Asian women who don’t see themselves represented look at outlets such as YouTube to see those like them as influencers in industries such as beauty and fashion. Asian women seek inspiration from Korean and Chinese beauty trends in big-box retailers, with major brands tapping these women who are viewing YouTube videos for advice on how to better suit their purchasing needs. US-born Asian women were most interested in products catered specifically to them.
What Women Buy
What Women Buy
Women make or influence 85% of all purchasing decisions, and purchase over 50% of traditional male products, including automobiles, home improvement products, and consumer electronics.
Latina Women
Latina Women
With Latina women graduating at higher rates and entering the workforce in large numbers, their multi-generational influence gives more insight into how they are spending their money. The study showed that Latina women saw themselves as 100% American and at the same time 100% Latina. Though they are modern and adapt to trends they see in the country, they are keen on keeping the tradition intact.
Remember
When Sisters Meet
They Sho’ Nuff Matter
Did you know?
All human brains start as female brains until the male brain is flooded with testosterone. But there they part paths. Men think in a linear fashion; women are circuitous and programmed to collect information. A woman’s brain has four times as many connections between the left and right hemispheres as a man’s. All of those signals hurtle down the superhighway into her right brain – the home of emotional memory, intuition, and experience. A woman not only reads – she attaches feelings to what she’s reading. A woman’s heart is in her brain – tell her a story that is filled with emotion, and explain why your brand is relevant to her.
If African Americans alone were a country, they would be the 15th largest economy in the world, with AA Women controlling the lion’s share of it. This is a very important thing for consumer goods and media companies to get a handle on as this proves the need for more multicultural strategies. Another thing seen in this report was that shows depicting a diverse cast were the most successful ones amongst all shows on television. Shows such as “This Is Us” and “Blackish” are enjoyed and watched across all ethnic lines, which can only mean having a more diverse cast equals strengthening of viewership.
Online Purchases
Online Purchases
- 78% of women in the US use the Internet before making a purchase
- Women account for 58% of all total online spending
- 33% research products and services online before buying offline
Black Women
Black Women
The digital sphere saw huge domination from Black women with the expansion of such movements as "Black Twitter." The report analyzed data that saw that women of color, particularly Black women, had the most economic control, with spending power being in the trillions.
Women's Earnings
Women's Earnings
- Women influenced $90 billion of consumer electronic purchases in 2017
- The average American woman is expected to earn more than the average American male by 2028
- Women account for $7 trillion in consumer and business spending in the United States
AAPI Women
AAPI Women
Asian women who don’t see themselves represented look at outlets such as YouTube to see those like them as influencers in industries such as beauty and fashion. Asian women seek inspiration from Korean and Chinese beauty trends in big-box retailers, with major brands tapping these women who are viewing YouTube videos for advice on how to better suit their purchasing needs. US-born Asian women were most interested in products catered specifically to them.
What Women Buy
What Women Buy
Women make or influence 85% of all purchasing decisions, and purchase over 50% of traditional male products, including automobiles, home improvement products, and consumer electronics.
Latina Women
Latina Women
With Latina women graduating at higher rates and entering the workforce in large numbers, their multi-generational influence gives more insight into how they are spending their money. The study showed that Latina women saw themselves as 100% American and at the same time 100% Latina. Though they are modern and adapt to trends they see in the country, they are keen on keeping the tradition intact.
Winning is great, sure, but if you are really going to do something in life, the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday.
If we accept and acquiesce in the face of discrimination, we accept the responsibility ourselves and allow those responsible to salve their conscience by believing that they have our acceptance and concurrence. We should, therefore, protest openly everything… that smacks of discrimination or slander.
masculinity
The topic of masculinity, what it is and how it is expressed in both immediate and popular culture, is one that always seems to be spurred on or perhaps made more visible by conversations which happen on social media, usually centering around how men showing each other affection seems to be taboo.
Intimacy
What little intimacy we do allow is then filtered through a homoantagonistic lens, replete with phrases like “no homo” and other declarations of our straightness. There is a problem with the ways in which masculinity is practiced by and around cis-het men, and we need to expand the ways in which we conceptualize and practice this masculinity.
Spiritual Strength
Spirituality means something different to everyone, but is often thought of as our relationship with our creator or that which is larger than us. Though spirituality is something that extends beyond religious involvement, it is often most supported and cultivated in our society within traditional religious spaces, like churches or mosques.
If there is no struggle, there is no progress. Those who profess to favor freedom, and deprecate agitation, are men who want crops without plowing up the ground, they want rain without thunder and lightning.
Grown men can learn from very little children for the hearts of the little children are pure. Therefore, the Great Spirit may show to them many things which older people miss.
I’m hungry for knowledge. The whole thing is to learn every day, to get brighter and brighter. That’s what this world is about. You look at someone like Gandhi, and he glowed. Martin Luther King glowed. Muhammad Ali glows. I think that’s from being bright all the time, and trying to be brighter.
step 1
Application
Each business or organization must complete an online application. The online application will serve as a database to determine the needs of potential clients. We will collect a bare amount minimum amount of information. Based on the answers provided, the marketing team will make contact.
- Name, Email, Phone, Zip Code
- Website address
- Citizenship
- Individual, Business or Organization
- Type of Business/Organization
- What is the best time to reach you?
- Networking, Business, Credit
- Referral
- Preferred method of contact
step 2
Assessment
While completing the application, we request the applicant to choose 1 to 3 areas in which they are interested: Networking, Business and/or Credit.
Our marketing team will make contact based on the answers. Although business credit is currently the core of our focus, we want to make the best of our resources.
Networking involves making contact with people during social and virtual meetings. It will also encompass education, workshops, conventions, and travel.
Business operations focus on how to start a business, entrepreneurship, marketing, advertising, and an established business or organization. Under this umbrella, we will teach and share about means of wealth such as investment, banking, finance, and real estate.
Credit is the core topic that will address personal and business credit. We will teach and emphasize how to work with credit bureaus, Better Business Bureau, financial portfolio, and taxes.
step 3
Achievement
As part of our continuing education, we will offer classes, workshops and seminars taught by professionals. We call it “Achievement for Us, By Us”. The individuals or groups may receive a certificate of completion that will include the brand of Networking Business Credit.
There is no limit to the type of certification that a person may receive. The beauty of this concept is for members to enter a marriage in what they love to do while building the community. This will be helpful whether a person or group is interested in networking, business or credit. For example, we may extend classes on Financing, CPR, Dance, Holistic Health, Information Technology, Self-Defense, Cooking, etc.
Many of the classes will be taught by members of the network. As the network expands, we will invite guests to teach.
the budget
Proposed Budget
The proposed budget will provide a solid foundation to establish the basics of the business as the revenue for services expand. NBC will generate revenue through online membership, advertising, multimedia presentations, and seminars. With the use of modern technology, we will be able to reach an international audience to bring multiple streams of income for members.
Equipment | $10,000-$125,000 |
Incorporation Fees | Under $300 |
Office Space | $100-$1,000 per employee per month |
Inventory | 17-25% of total budget |
Marketing | 0-10% of total budget |
Website | About $25 per month |
Office Furniture and Supplies | 10% of total budget |
Utilities | About $2 per square foot of total office space |
Payroll | 25-50% of total budget |
Professional Consultants | $1,000-$5,000 per year |
Insurance | An average of $1,200 per year |
Taxes | Variable |
Travel | Variable |
Shipping | Variable |
Release Schedules
- Days 1-15 Gather documents
- Days 12-20 Complete deliverables
- Days 18- 20 Initial Draft
- Days 20 – 30 Final Draft
- Days 30 – 35 assign design teams
Domains
- Domains and subdomains
- Test across multiple domains
- Test across multiple operating systems
- Meet standards for various device types
- Social Media Content
Technology Platforms
- WordPress Content Management
- HTML, CSS, JavaScript, PHP, SQL
- Mobile App Development
- Video and Audio
- Intranet and Internet
Technical Team
- Security and firewall
- Website developers and designers
- Database management and analytics
- Linux server administrator
- Hardware and servers
Contact Us
Networking Business Credit endorses diversity, supports equal rights, and does not advocate, support, or practice discrimination based on race, religion, age, national origin, language, sex, sexual orientation, or mental or physical handicap, whether covered by applicable legislation or not, except where affirmative action may be required to redress individual or social handicaps of people from disadvantaged groups.