Jack McColl is a 27 year old entrepreneur that grew up in Washington state. He now lives in Miami, FL and has his own two 7-figure businesses, which he has helped build through business credit. About 13 months ago he was approved for his first business credit card and ever since then has been approved for ~$450k in credit limits and is now striving to teach others how to optimize credit.
A major turning point for Jack was in his travel company back in 2017 when they acquired a big loan to help get hotel inventory. The first two years of the business scaled very slow, but after the loan they massively accelerated and took market share from their competitors, which lead to them acquiring their business in a 6-figure acquisition. The power of borrowing money to scale blew his mind. It was a make or break in his business. He then discovered the easiest way to borrow large amount of money was through business credit cards.
Jack’s e-comm store and e-comm service business are now both 7-figure businesses. Credit Stacking launched in March of 2021, and he expects to bring on 1,000+ students this year alone. His goal is to help 1,000 entrepreneurs get approved for $100,000 in credit limits to assist them in starting or scaling businesses by using the knowledge he’s acquired over the years.
View Jack’s case study going from 0 business cards to $300k in approved credit in less than a year: https://go.creditstacking.com/start-case-study
Connect with Jack on Instagram.
What You’ll Learn in This Episode
- The importance of credit in both personal and business life
- How business credit is credit different than personal credit
- What do you do with so much credit?
- How an average person builds business credit