A shelf corporation (also called an aged corporation) is a company that has been legally formed and registered with a government authority but has no business activity, assets, or liabilities. It has essentially been “put on a shelf” to age over time.
Boost credibility with clients, suppliers, and lenders.
Help meet certain contract or lending requirements that specify a minimum company age.
It can take time to incorporate a new company. A shelf corporation is already formed, so you skip that step.
Some lenders prefer businesses that have been in existence for a while. (Though most will still require real financial records, not just age.)
The most common mistake we see business owners make is use a business to access funding that is over two years old that lack sufficient financials. If the business bank statements are insufficient or lack profitability you want to consider using an organization, such as our fundable shelf corp that is in good standing, clean, compliant, and in the proper industry code so it is not consdiered high risk.
When It Might Make Sense:
An entrepreneur might benefit from using a shelf corporation if:
Time-sensitive opportunities require a business of a certain age.
The entrepreneur is building credibility quickly in a new market.
They’re prepared to operate transparently and ensure compliance.
Every entrepreneur deserves the ability to have a fundable business in order to maximize fundability, you should determine how to access funding.
AJ, Founder, and Owner of shelf-corps.com is a member of the Army Reserves, as a non-commissioned officer he holds a security clearance and is airborne qualified as a Psychological Operations Sergeant. When he is not jumping out of planes he is providing education and resources to both veterans and non-veterans on how to access funding. While working as a loan broker, AJ and his team of professionals identified that there is a void in the market that will bridge the gap between entrepreneurs and funding institutions. This is where a shelf corporation comes into the discussion. You as an entrepreneur must have a fundable business before you can access business funding. Look below to see how we can assist you in achieving your goals.
Should you pay experts to help you? We clarify that in this video.
The services we provide while are 100% optional provide unique benefits of working with us versus doing it yourself.
Having a checklist is vital in order to access funding. See how we can assist.
Watch this video to see how we debunk this misconception.
The services we provide while are 100% optional provide unique benefits of working with us versus doing it yourself.
It is important to visualize how to get access to funding yourself for free.
Frequently Asked Questions on using a Fundable Shelf Corp to have a fundable business.
Who is the fundable Shelf Corp for?
A United States Citizen looking to get access to funding. Most business owners do not have a fundable business, and likewise need one-on-one assistance to increase their fundability. Our program is designed to work with entrepreneurs that are lacking the fundability of credit, cash flow, or collateral. As you can imagine, if you have great credit (700+), great cash flow ($10k+ per month), and collateral (100K+), it is common sense to get access to funding. We enjoy working with the SBA due to the transparent requirements of needing a loan package without a minimum credit score, time-in-business, or revenue per month.
What is the cost of the fundable shelf corporation?
We charge $1,000 for the fundable Shelf Corp.
What gets us started?
We allow clients to sign the contract and then pay a deposit of $1,000.00. This way, we can onboard a client.
How do we pay for the shelf corp?
We allow clients to pay either by wire or check. Either option will pay the deposit, which is the same way you will pay us after you are funded.
How do I obtain the wiring instructions?
After you sign the contract, we will send the payment instructions via email.
What is provided?
Here is what is typically required for a SBA loan that we can assist you with:
Lender-compliant business plan. This describes your business, services offered, ownership, amount of funding requested, use of funds, business owner's personal history, etc.
NOTE: If needed, our Grant covers the development of a business plan at no cost.
Commercial lease. The lease must be to the operating business applying for the SBA loan. The lease term must match the SBA loan term. The lease must be subordinate to the SBA loan.
NOTE: We can provide you with a bonafide commercial address and a compliant lease if needed.
Compliant business entity. The business applying for the SBA loan must be in good standing with the Federal and State governments.
NOTE: If needed, our Grant covers the cost of filing a new business entity for your loan application.
Detailed list of collateral. For the SBA to consider the loan "fully secured," the applying business must own enough qualifying assets.
NOTE: We can provide you with up to $5M of collateral if needed.
Financial statements. Standard business financial reports include a Personal Financial Statement (PFS), Balance Sheet, and Income Statement. NOTE: If needed, we can assist you in creating strong financial statements.
Creditworthiness. Although credit requirements vary, you'll typically need a 140 FICO or higher.
NOTE: If required, we can facilitate the creation of a more robust credit profile through a legal-based model.
Are you a lender?
We are not a lender. We are a team of professional technical advisors that provide loan packaging and loan brokering services.
How long does this take?
It normally takes a week to put a Shelf Corp in the business owner's name, afterwards, we can immediately apply for funding. The SBA allows us to get matched in as little as two days, and they do offer same-day funding in most cases.
Why is this service around?
Many clients have not heard of services like ours before, or are only familiar with companies that repair credit and then apply for credit cards. With that being said, there is a huge void in the funding space of helping a client holistically get qualified. We intend to help clients become fundable by increasing their Credit, cash flow, and Collateral. We are licensed, bonded, and insured to provide the assets as collateral from our balance sheet to yours. These assets are transferred using Generally Accepted Accounting Principles, as we follow the accrual method of accounting. We will be able to transfer these assets to you once a contract is received.
How long have you been in business?
Our team has been in this space for over a decade.
How much funding can I obtain?
Normally, the funding is determined based on your business plans' use of funds. When you define your uses of funds, it will be described qualitatively and quantitatively. This will determine the funding amount, but on the flip sid,e we will have to justify how we will pay the lender back using financial projections. We do this for our clients for free.
Do you charge a performance fee?
We charge an optional performance fee if the client needs assistance before or after their capital raise. Paid after the funding is received.
What are you paying for?
Our program is designed so that everything is free. You are simply paying for the assets being used as collateral. Did you want to use your home or car as collateral? If so, you might not need our program. Accounts receivable are used as collateral through our program.
What is a Fundable Shelf Corporation?
A Shelf Corporation, also known as a "aged corporation," can be a valuable asset for entrepreneurs seeking funding for their businesses. These pre-established entities come with a history and can enhance credibility, making it easier for clients to secure loans or attract investors. By presenting a shelf corporation, financial consultants can demonstrate a proven track record, which can significantly improve the chances of obtaining funding, as lenders often prefer working with companies that have an established presence.
Furthermore, a shelf corporation can expedite the process of business formation, allowing clients to focus on their operations rather than the lengthy setup. This efficiency can be particularly beneficial in fast-paced industries where time is of the essence. By leveraging the advantages of a shelf corporation, financial consultants can provide their clients with a strategic edge in the competitive funding landscape, ultimately fostering growth and success for their businesses.
Shelf corporations can be a secret to accessing unsecured funding that you might have not have even considered; However, most aged shelf corporations are focused on accessing lines of credit and credit cards while our shelf corporations are designed to obtain maximum funding with the SBA.
Use this link below to schedule a one-on-one call to ensure this program is a good fit for you before you sign the contract.
Phone:(469) 940-5254
E-Mail: Sales@shelf-corps.com
Address: 1910 Pacific Ave Suite 2000, Dallas, Texas 75201
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