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Let me educate you on the process for building your business credit or working with you on building your personal credit. One of the ebooks, and the information that I offered to you guys, is about the CPN giving you a better education on how to develop the CPN and on how to benefit from that CPN. So that being said, I wanna let you all know we do offer a CPN services again. So, if that's something that you're in need of, we definitely can help you with those services.
Another point is on the business side, business credit side, those that have purchased the ebook, I hope that you found it beneficial in terms of the micro lenders around the country that are willing to help lend you money once your company is established. So, a lot of people think that they have to go through traditional financial institutions in order to get funding. And that's not the case anymore. There's a peer-to-peer lending that you can go to. There's a venture capitalist you can go to and your investors. So you have quite a few. As a matter of fact in the bank secrets ebook, I give you a few of those categories plus again, it also gives you all the micro lenders around the country as well.
So, talking about... Let's stay on the subject of business, we're gonna talk about these systems that people use in business. And most of us, we're familiar with the business credit tier system. And what the business credit tier system is a series of step you go down to build up the business credit side. Now, understanding that the business credit is basically Net-30s like Grainger, [02:44] ____ Uline, Bags & Bows. Also, your business credit it has nothing to do with business funding. This is the system that's used, for most people, this is what they sell you. It doesn't have nothing to do with obtaining a Visa, Mastercard, American Express or business credit lines. So that's what this system is and we're gonna go over that system as well as we're gonna talk about the business bank system.
Now, the business bank system, it doesn't have all of these steps that you have to go through. The business bank system is a more direct way of getting things done so you can actually get unsecured funding. So that would mean your American Express, Visa, Mastercard, your business lines of credit. So, that's the reason that I thought it would be very important to let you know that the difference between a business credit tier system which focus mainly on business credit and then the business bank system which mainly focus on getting you business funding. So, let's look at... Let's compare and contrast the two. With the business credit tier system, they do focus on finding a good, a favorable SIC code just as well as the business bank system, we do the same method. Another thing that happens is that after you find a good favorable SIC code, then you move on and you incorporate under the business credit tier system and then you open up a bank account.
Now, the difference is with the business bank system, you have... Instead of you just having a one bank account, you have three bank accounts. You have a checking, a savings, and an expense account. And so, it's a purpose of why you should have those and why it's important to set your business up with those three accounts. So, moving on with the business tier system, they set up your Dun & Bradstreet Credit, iUpdate. Most of the time, they don't need to focus on the credit builder. However, with the business bank system, we encourage you to use the business... Use the credit Dun & Bradstreet Credit Builder and then after you use the Dun & Bradstreet Credit Builder, you file your UCCs, you update your financials. So, that's a few contrast. Moving on, now, with the business credit tier system, this system mainly says, well, you just need to get into 411, setup a website, and do a corporate email. With the business bank system you do, not only the 411, but you do all of your government registration, your corporate registration. That's your on and off line. So you have your corporate website and your corporate email, but we just take it a few steps further because these third party verifiers, this just gives you legitimacy as a corporation. Okay? So that's the benefit of under the business bank system