Shondy and Javelle Monroe of Dream 12 Properties
Shondy and Javelle Monroe have been in business since July of 2017. But after three years of using their own money and credit to run their business, it was time for a change. They started with Ty Crandall’s Credit Suite videos on YouTube and then initiated the process of working with Credit Suite.
Why They Needed Business Credit
They are a real estate reinvestment company helping distressed homeowners who must sell. Dream 12 Properties also works with abandoned homes. They buy these properties and fix them up in a flip situation and then sell them to new homeowners and other people who would not otherwise be able to afford a house.
The need for business credit was obvious. They had to be able to finance purchases, equipment, and appliances—all at the same time.
Building Business Credit—How They Succeeded
Shondy and Javelle first started working with Credit Suite in February of 2021. By May of 2021, they were working on establishing tradeline accounts for their business. By July of 2021, they were already seeking financing via Credit Suite. In October of 2021, they applied for the Credit Line Hybrid.
The cards they were able to get included:
- Citi AAdvantage- $6,300
- Chase Ink- $42,000
- South State – $17,500
- Home Depot – $7,500
- Lowe’s- $16,000
- Shell- $3,000
- Spinx- $500
- Speedway- $500
In addition, due to the good business credit and Fundability they had built with Credit Suite, they were able to get $32,000 from Fundbox and $50,000 from PayPal!
In all, they got $200,000 in business financing.
Shondy and Javelle also monitored their business credit through Credit Suite, and they reviewed their credit reports with our Business Advising Team. They even received a valuation of their business through Credit Suite. In fact, they were so happy with our business credit building program that they became a Credit Suite partner to help other business owners improve Fundability, build Business Credit, and access loans and credit lines.
Meeting Business Goals with Business Credit
When asked how they plan to use the financing, they said they are going to use the money for marketing, particularly digital marketing.
They’re very happy that they can stop using their own credit cards to finance their business—thanks to Credit Suite.
It’s been our pleasure to watch as Shondy, Javelle, and Dream 12 Properties have all grown and succeeded. The best is yet to come.
Want to find out how Credit Suite can help you attain your business goals? Try a free Business Finance Assessment now!