Posted on: October 26, 2017

This week we START the episode with a victory bell because we have a very special guest! If you take action, this conversation can change your Wholesaling business today.

Mike is the COO of Fund&Grow, an A+ Better Business Bureau-rated financial services firm that helps small businesses and real estate investors obtain unsecured funding (up to $250,000 and more) at 0% interest via creative credit card financing.


How Fund&Grow Helps Wholesalers

Tom Krol says Fund&Grow is a must-have. “It’s so simple, it’s such a no-brainer … I loved it so much that my wife even used it!”

Fund&Grow can help you obtain unsecured lines of credit that you can use for purchasing real estate, marketing, rehabs, or anything else business-related.

When we say “unsecured,” we mean you don’t have to use any assets or collateral to secure the funding –  and it will not affect your personal credit score.

If you’re brand new to Wholesaling, Fund&Grow is still incredibly valuable. Having this line of credit under your belt will help you start your business, and if don’t have a business entity they can help you set one up free of charge.

The only thing you have to do is qualify for the credit, and they can help you do that too: their sister company will help you aggressively remove late payments and any other items that may be hurting your credit.

Not only do they give you everything you need to get the credit, but they also make sure that you won’t have to pay any interest for at least 15 months. Plus, it all belongs to you and you can continue to use the business entity and accounts after you’ve paid off the credit.


If you want to see if you qualify to get more funding, go to Fill out the information and, in seconds, you will see the pre-qualification amount you can expect to receive within your first 30 days going through the program. This is a soft credit pull, so there won’t be any inquiry on your report.


Special Wholesaling Inc. Webinar

Not sure yet? Mike is putting together a webinar just for Wholesaling Inc. listeners. He will go through their process step by step, help you improve your credit, and answer more of your questions live.

If you want to learn what Mike’s step-by-step process is, go to and register.




If you are Ready to Explode Your Wholesaling Business, Click here to Book a Free Strategy Session with me right now!

Subscribe to Wholesaling Inc

Episode Transcription

Tom Krol: All right, guys. Well, I don’t normally start the podcast by ringing the victory bell, but I am super excited to share this information with you today. I am on the phone with a very special guest. He is an individual that has a service that helps wholesalers specifically. And I can’t say enough about this guy. I heard a lot of good things about his service, I’ve heard about him from my buddy [Clayton Morris 00:00:01:30] and [Joe McCall 00:00:01:30] and a lot of other people in the industry, a lot of big, big people and a lot of people who are just starting off, about how great he was and how great the service is. And what I want to tell you today is that I’ve implemented this service and I am super excited to tell you more about this individual. So welcome to Wholesaling Inc., the number one podcast for wholesalers in the country.
We are laser-focused real estate investors, laser-focused on wholesaling real estate. If you don’t know what wholesaling is, wholesaling is the art or the business of consistently finding low priced or discount priced homes consistently in your neighborhood. So it’s a great way to make a fortune in real estate in a very short amount of time. And today I have a special guest on the phone who I guarantee you is going to change your business right now. So I hope you guys are super excited. So first of all, his name is Mike Banks. Mike, can you hear me okay?

Mike Banks: Yep, I can hear you. Thank you for having me, Tom.

Tom Krol: All right. Absolutely. It is an absolute privilege and an honor to have you on this phone. You guys, I want to tell you that I have used his service that he’s going to tell you about in a second. It’s a have-to-have, it’s a must-have. It’s so simple. It’s such a no-brainer, and you don’t even really have to pay for it in kind of a weird way, which is really crazy and awesome and cool. And I used it, I love this so much my wife even used it. It’s awesome. And we are huge fans, we know a lot of people who are huge fans. So we are going to get started. So Mike, let’s get right into it. This podcast is all about not wasting any time. This is the no fluff, no BS zone. So let’s deep dive right now and get right into it. Tell everybody who you are and what you do and let’s get started. Let’s get right to the meat and potatoes.

Mike Banks: All right, let’s get into it. So what we do is we help investors, wholesalers, landlords set up business credit lines that they can use for purchasing inexpensive real estate. You can use it for your marketing budget, you can use it for covering the cost of rehabs, paying off higher interest loans, all that stuff you can use this funding for. And the name of the company is Fund and Grow. We’ve been in business for over 10 years. We’re on the Inc. 5,000 list the last couple of years. And like Tom just said, we’ve worked with a bunch of Tom’s friends in the industry. We bring on about 150 to 250 clients a month and we do about six to seven million every month in new business credit lines. So just to give you a little more info about that, these credit lines are unsecured, they do not report to your personal credit report so they won’t show up on your personal report. If you’re carrying a high balance, it will not affect your personal scores.

Tom Krol: Okay. So Mike, can I interrupt you for two seconds? Because I just want to make sure everybody really understands the power of what you are saying, because this is so key, guys. So first of all, the most important thing is, I know, Mike, you’re saying it’s a business line of credit. What about the people who are listening in like, “I just am starting, I haven’t even done anything yet. Does this even apply to me? Should I be concerned about this or even worried thinking about this right now?” What do you say to those people who are brand new, who don’t even have an LLC yet? Should they be contacting you, or what does that look like?

Mike Banks: 100%, they definitely should be. We work with a ton of people who haven’t even done their first deal yet, they’re looking to just start out. So getting this type of credit under your belt will help you start your business. And if you don’t have an entity, that doesn’t matter either. Because in our program we help everyone set up an entity. It’s free of charge, it’s included. So even if you’re just starting out-

Tom Krol: Free of charge. Bam. go ahead. I’m sorry.

Mike Banks: Yeah, no, it’s totally fine. Even if you’re just starting out it’s a perfect fit for you. And we work with people that have been investing for years and, like I said, people that are just starting out as well. So it really doesn’t matter. The only thing that really matters is qualifying, and we help you qualify. So let’s say you currently have a lower credit score. We have a credit repair company, it’s our sister company, that will help you remove any kinds of late payments or any negative items off your credit report. And they do that in a very aggressive fashion, because they don’t just send out letters, they call, they send out letters, they do it online, the disputes. It’s a four channel process. So the main focus of what we’re talking about here is setting up business credit lines. But for those of you who have lower credit scores, we also have the solution to help you guys qualify in a very short amount of time, a much shorter time than you would normally have to wait for those things to fall off.

Tom Krol: We’re going over a lot of information, guys, in a very short amount of time, but it’s really only because Mike and I are so excited about this. I can tell you there are so many people, you go to REIA meetings, you go to these big national meetings and local meetings, and you talk to real estate investors and cash buyers and sellers and all these people. And they all say, “Oh, I have the answer. I have the money.” Here’s what I can tell you. There are very few people in this industry who are real, who actually can get this done and can increase your credit score, help you set up an LLC at no charge, which I didn’t even know about that because I came with one.
But there’s very few people who actually are putting the borrower first and the person first to say, “Hey, we have the expertise. We’re here to help you.” Can you also, because you kind of went over it quickly, the secured versus unsecured? What does that mean? Because there’s some people who, they don’t understand what that means and what a huge benefit is, what you went over with the security. What does that actually mean for our listeners?

Speaker 1: Exactly. So when I say unsecured, that means you’re not using any asset or any collateral to secure the funding. With a hard money loan, for example, that’s a secured loan. It’s secured to the asset. If you don’t pay on the loan, you lose the asset and you lose all the money that you paid into it. Whereas with the business credit line, it’s unsecured. So it’s not tied to the asset. They’re approving you on that business credit line solely based on your credit score. But it doesn’t show up on your personal credit report. They just want to look at your personal credit, and that’s really the only qualifier.

Tom Krol: Bam. Yeah, and that is amazing. I can tell you for myself personally, this process, not only was it under promised and over delivered, which is my favorite kind of a service, and I’ve tested a ton out there, but it was very fast. And it was exactly … Mike’s team was calling me, because I’m busy. I have a lot of things, Mike. You know me, because you guys were pulling me the whole time and I was like, “Yeah, yeah, I’ll get to it.” His team stayed with me, and he does this, they do this with everybody. I was busy, and then we got amazing results. We got a ton of cash. It was insane. Plus, Mike, and I don’t even know if we’ve talked about this yet because we’re going so fast here, but can you explain how come the cash was … I’m not paying for the cash as far as the interest rate? Can you explain a little bit more about that?

Speaker 1: Yeah, absolutely. These offers come with zero interest introductory offers lasting up to 15 months. So they start you out with a zero interest introductory offer. So for the first, on average, 12 to 15 months, you’re not paying any interest on the balances that you’re carrying. All you have to do is simply make a minimum monthly payment, but there’s no deadline, so it doesn’t have to be completely paid off at a certain time. The idea is, the zero interest typically lasts up to 15 months, but these accounts will stay open for life. They’re yours to keep for life, and you can use them 10 years down the road if you’d like to.

Tom Krol: So the way that Mike does it, guys, is not only does he give you everything you need to do this, and they do a lot of it for you. So they put you in that position, but then additionally they’re actually putting you in a position where you can get … They leverage this so that you’re getting this money for up to 15 months without paying any interest at all. So just imagine in your real estate business, whether you’re just starting right now today or you’re thinking about it or you’ve already been wholesaling or rehabbing or landlording or whatever real estate investing you’re doing for 15 or 20 years, this is a game changer, because you’re filling all your coffers with cash, which is a key. So just overall, totally amazing. Every single aspect of this entire service, this is why Mike is so popular in this industry and they’re growing so quickly and they’re in ink and all of that good stuff, is because this is a full service that puts the person first, not the service, which I love. So I think it’s amazing, brother.

Speaker 1: Yeah, and we actually do it all for our clients. It’s a totally done-for-you service. We apply, we set up the business credit lines for you, and then we take it a step further and we follow up with each bank and we make sure that each application we submit is getting approved at the largest amount. Our team actually gets paid a commission to get our clients a larger amount on their credit lines. So we follow up, we have contacts at each bank that we work with on a daily basis. And this is really something that sets us apart in this industry, because we go that extra mile and we follow up on each application to make sure our clients get the most possible amount. Whereas there’s other firms out there that’ll tell you to call in and do it yourself, we take care of the whole process.

Tom Krol: I love it. So what we did was, we got with Mike and we said, “Okay, so what can we do for the listeners of the Wholesaling, Inc. podcast? We want our tribe, our rhinos, our fans, our followers, anybody who’s listening in, to be able to take a look at this.” I know you guys probably have a few questions. So what Mike has done is, he’s putting together a webinar for just our listeners, which is going to have some huge benefits in it. And Mike, the webinar is going to be So it’s wholesalinginc, wholesaling I-N-C .com/fund, F-U-N-D. And Mike is going to go together through a step by step process on exactly how they do it. They bring it in and they do everything, completely done-for-you service. Exactly what is involved, definitely 100% worth checking out, because that webinar is coming up very quickly, in about a week.
So you can register for it there now. Now, there are going to be a lot of people, Mike, who are going to say, “Well, do I qualify? How do I get in right now and get know any kind of a special benefit for coming in from Wholesaling, Inc.?” If somebody wants to find out if they’re preapproved right now, do we have anything for them, or how do we do that?

Speaker 1: Yeah, absolutely. There’s basically going to be two types of people, the people that are going to want to see that webinar and really learn about it and understand it completely, and that’s why we have that webinar. We go over everything in detail, we tell you exactly what we’re doing, to where you could just take the blueprint out on your own and do it yourself. But then for the other people who, they want to know, “Do I qualify right now? I don’t want to watch an hour long webinar.” So if you want to know what you qualify for right now, just go to And at that page you’ll be able to just put in your basic information, and in seconds you’ll get an automatic pre-qualification amount that you can expect to receive within the first 30 days of going through the program.
So it’s going to be a soft credit pull, there’s not going to be any inquiry on your report from it. And in seconds you’ll have a response and it’ll say you’re prequalified for 50,000 to 60,000, depending on your credit. We run your credit through our lending matrix and it responds with a very accurate prequalification. And then you’ll have the option to move forward right then and there and basically purchase the membership, because we have a 12-month membership, but we also have a performance-based option where you don’t have to put any money down up front, and you pay a percentage out of the credit that we set up for you. So there’s two different options.

Tom Krol: No-brainer. Now, what if somebody’s listening and they’re like, “Oh, Mike, I have bad credit. Should I bother going to check it out?” What do you say to those people?

Speaker 1: Well, I say you should definitely check the webinar out. We talk about credit repair, we talk about exactly how to qualify, and we talk about how your personal credit is involved in the prequalification process. So if you have bad credit, let’s say you need credit repair, we have a credit repair sister company, the name is Kaydem Credit Help, and they’ve helped our clients remove bankruptcies four years early. They’ve helped them remove all different types of derogatory items, and like I said earlier, they’re very aggressive with their dispute process. It’s not like some other companies that just puts you on a monthly fee and they hope you stay in the program for life. They charge a one time fee for credit repair, and we could even include a link in the show notes for that as well for those people that are just like, “You know what, I know my credit’s tanked right now. I only need credit repair.” And we can just send them the link as well.
But definitely check out the webinar, because there’s lots of info that you’ll learn about how to improve and enhance your personal credit in the meantime. We talk about ways to rebuild your credit on the webinar. So definitely check the webinar out, and then we’ll also include a link to the credit repair website as well.

Tom Krol: Mike, I love it. So if you want to find out if you’re prequalified right now, it’s wholesalinginc, wholesaling I-N-C .com/pre, for prequalify. So it’s P-R-E, pre. And if you want to register for the webinar, it’s, F-U-N-D, F-U-N-D. So check it out. I use it, my wife used it, we’ve had tremendous results from it. I know tons of people in the industry who use it who are happy with it. It’s worked for me personally. And to be able to get a large amount of cash, like I said, guys, I don’t care if you’re just starting out right now today or if you’ve already been in this for 20 years. To be able to get a tremendous amount of cash in a very short amount of time with no interest is such a key game-changer.
If you are interested in finding a real company and none of this BS about everybody who, “I can do this and I can do that,” and then they take one look at your stuff and they say, “Oh no, no, you don’t qualify.” This is the real deal. It works, it’s worked for tons of people I know, it’s awesome, and it’s fully vetted. I’ve done it myself personally and so has my wife. It’s awesome, I love it. And Mike is a good guy. He’s a trustworthy guy, he takes care of you from beginning to end. And believe me, I was a very bad client. I had to be chased around all over the place.

Speaker 1: It was like pulling teeth trying to get ahold of this guy.

Tom Krol: It was, it was bad. It was absolutely a nightmare. I will admit it. So you guys, that’s it. So the webinar to register, To check if you’re prequalified right now,, P-R-E. And we are going to put the Kaydem credit repair link in the show notes. So if you’re interested in just starting with credit repair, go ahead and do that too. And it’s awesome, guys, that’s going to be a great adventure. If you’re just starting off now it’ll really give you a big boost. Because Mike, you don’t have to use that money for … You can use it for marketing, right? You don’t have to use it for a house, right? You could use it for whatever you want.

Speaker 1: Absolutely. And one thing I didn’t mention was, you get rewards points as you’re using these accounts. So if you’re spending $5,000, $10,000, whatever it is every month on marketing, you might as well be putting it on a business card and not a personal card. A lot of you probably use a personal card right now for your business, which the problem with that is, you put debt on your personal report, your personal scores go down. With this it’s business credit, so it doesn’t show up on your personal report, and you’re generating rewards points so you’re getting cash back, you’re getting free travel. I don’t pay for travel ever any more. I get $1,500 cash back every couple months.
And one other thing is that you can literally cash these accounts out. It’s not a cash advance. You can cash these accounts out with a very low fee. It’s a 2% max fee, and you can have all the cash on these accounts. And this is just something you can’t do with … Hard money loans are great, but why not have this type of credit at your disposal in addition to going to your hard money lender?

Tom Krol: Yeah, hard money, it’s ridiculous. 10, 12, 15 points or a percentage and then one, two, three, four, even up to five points up front. There’s no question this is a better option. This is why I think that you’re growing as fast as you are, because there’s definitely a need in the market. So I am so relieved to be able to find somebody in the market who can do this. We have not promoted anybody in all this time, because everybody says, “I can do this and this and this and this,” and then nobody does it. Everybody has a story about why Mike is the first guy that came highly recommended. He went over and above, everything he said he was going to do he did, and then he did even more. And now I just found out, I didn’t even know that you guys helped with the LLC, as far as setting up business accounts. You guys, it’s a no-brainer.
If you want an awesome teammate, somebody you can count on, somebody who’s reliable, somebody who says and they do what they say they’re going to do, this is the company. So check it out,, to find out if you’re prequalified if you guys are interested in that first. But check it out. And Mike, I appreciate you taking time out of your busy schedule to be with us today. That was awesome of you, brother.

Mike Banks: Yeah, thank you so much for having me. And if anyone has any additional questions, get on that webinar, we’re going to do a live Q&A on that webinar. So if you have any questions, go ahead and get registered ASAP.

Tom Krol: It’s worth it. No doubt about it. So thanks very much. Have a great week, and we’ll see you on the webinar.

Mike Banks: Thank you.

Tom Krol: Thanks, Mike.

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