Is Shelf Corporation funding real?
This is going to be a fairly short posting on the world of shelf Corporation funding. Whenever you search the Internet, you get conflicting views on what you could obtain with a shelf corporation in terms of business funding.
The issue to me here is to make sure whomever offer you this service can explain why this would help getting the bank to fund your business. For example, will the transfer of ownership at this point negate the age of the company? Is it a case that the bank may not have ask about this but when they do, it would change their view on the company’s age?
Some quick pointers to approach all these providers with out there.
1. Make sure your payment for service is secured. Make sure Credit cards are your preferred way of payment at all times. Lots of promises out there and not many can deliver.
2. Make sure the provider can explain why they can provide you the service that would get funding. Please note that they can’t guarantee the funds but they should be able to explain that their approach has gotten funding in the past and the chances are good in the future.
3. Research the providers and their names. Lots of time they may already have some bad reputation out there on the Internet so this would help to eliminate those repeat offenders. Of course they may use an alias to offer the business so look out for that. Who knows tell them you want to do a background check and see how they react.
4. The issue of secrecy to me can be tricky. Many of these providers will not provide any information to you during the process as they claim you will circumvent the process. Most times this does not make sense as if you could do that then why would you pay them in the first place. There are legal ways for them to protect themselves in this arena, so stick with first principle, know what is going on, we are all adults.
5. Make sure they explain the time lines on these properly. What I have seen is that most of them do miss their own deadlines so often. Let them explain to you each step and what is the time allowed realistically. Also make sure that they present risk at each step of the process.
The more I experience these companies, the more I realize that they refuse to abide by conventional terms mostly because they have no intention to deliver as promised. In other words its to get your money and drag things out while they try to scam others.
This method of shelf corporation funding could help to satisfy your funding needs but its not an easy maze to navigate in todays credit market.
