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.Â
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!
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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.Â
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.Â
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.
App Coming Soon
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.
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.