CELEBRATING 31 YEARS | SOLUTION CENTERS IN 20+ COUNTRIES
CreditBoost™ Program 101: Frequently Asked Questions
Our annual CreditBoost™ Program offers solopreneurs and entrepreneurs the chance to build/improve their business credit with lines of credit from $1K to $75K.
Frequently Asked Questions (FAQs)
About EnRoute Global CreditBoost™ Program:
What is the EnRoute Global CreditBoost™ Program?
The EnRoute Global CreditBoost™ Program is a unique solution that enables small businesses to establish and grow their business credit with a company line of credit up to $75K. The Program comes with perks that include complementary advisory, mentoring, and technology consultations from top advisors to Global 100 companies, helpful resources and tools, and a path to build sustainable growth for your small business. The CreditBoost™ Program features are all designed to help small businesses establish and grow their credit profile, while helping businesses make informed decisions for growth.
Does the EnRoute Global CreditBoost™ Program report to business credit bureaus only in the United States?
No, the EnRoute Global CreditBoost™ Program reports to business credit bureaus in several countries, including Belgium, Canada, European Union, Ireland, Luxembourg, UK, and the United States of America.
What is the EnRoute Global SMB Modern Day Workplace CloudBoost™ Practice?
Created just for the EnRoute Global CreditBoost™ Program, the EnRoute Global SMB Modern Day Workplace CloudBoost™ Practice Bundles offer a suite of platforms, tools, and technologies designed to enhance collaboration, productivity, and cybersecurity. It includes Microsoft Office 365, Microsoft Teams, Microsoft Apps, and robust cybersecurity tools, backup, and cloud storage solutions. Additionally, EnRoute Managed Services, such as XaaS, PaaS, IaaS, SECaaS, UCaaS, BaaS, and SaaS, are wrapped around the bundle offerings.
We invite you to review the full EnRoute Global SMB Modern Day Workplace CloudBoost™ Practice Bundles benefits, similarities and differences.
What is the best way to reach your Team?
EnRoute Global CreditBoost™ Program and Our team is dedicated to providing the resources and support necessary to help your small business succeed. If you have any additional questions, please do not hesitate to contact us via our Shop EnRoute Global Exchange or email - CustomerCare@EnRouteGlobalExchange.com. Thank you for considering EnRoute Global as a partner in your business journey.
EnRoute Global CreditBoost™ Program Eligibility:
Who is eligible for the EnRoute Global CreditBoost™ Program?
Any ambitious small or medium-sized business owner with a drive for success can qualify for the EnRoute Global CreditBoost™ Program and unlock the power of building strong business credit!
To be eligible for the EnRoute Global CreditBoost™ Program, you must be a formal business with a business phone number, company email, and company website. If you do not have these, we assist you achieve this as part of the Program.
You must also be an authorized officer and own at least a 25% equity interest in the company.
What are some of the requirements to be eligible for an EnRoute Global CreditBoost™ line of credit?
To be eligible for the EnRoute Global CreditBoost™ Program, you must be an authorized officer and own at least a 25% equity interest in the company.
Your business must be registered and have an employer identification number (EIN) in the US (or appropriate business number in your respective county - Belgium (KBO), Canada (BN), European Union (VAT), Ireland (CRO), Luxembourg (VAT), UK (CHN/VAT), however, if you do not have the respective number, we have services to assist.
Your business should have a valid business checking account. The authorized officer must be at least 18 years of age or older.
Only one of the five EnRoute Global™ Modern Day Workplace CloudBoost™ bundles are eligible under the EnRoute Global CreditBoost™ Program; however, a business owner may establish an additional line of credit under a different corporate entity with a separate EIN # (or applicable country business number).
EnRoute Global CreditBoost™ Program Application Process, Timeline and End-to-End Approval Workflow:
What is the EnRoute Global CreditBoost™ Program step-by-step application and underwriting process?
Step 1 is to complete and submit your EnRoute Global CreditBoost™ application for our underwriters to begin processing your application.
Once your application is approved, Step 2 will be for you to select one of five EnRoute Global SMB Modern Day Workplace CloudBoost™ bundles.
Step 3 will be to graduate to a higher bundle as your business grows. Your personal credit score will not be factored into the approval process; however, federal and provisional law requires that we verify the identity of the person applying to combat funding of terrorism and money laundering activities.
How long does the EnRoute Global CreditBoost™ Program approval process take?
Once you've completed, submitted, and provided all necessary information for your EnRoute Global CreditBoost™ Business Line of Credit application, it takes our underwriting team on average five to seven business days to approve an application; however, it may take longer to provide you with a decision or application process delayed further if additional information is necessary, and/or a manual review is required.
EnRoute Global CreditBoost™ Program Fees and Payments:
How much is the EnRoute Global CreditBoost™ application fee and processing cost?
There is no application fee for the EnRoute Global CreditBoost™ program. The processing cost is USD$24.59. This cost covers the cost of underwriting and verifying your business, as well as reviewing your application for the EnRoute Global CreditBoost™ program. Please note that this fee is non-refundable, even if your application is not approved.
What are the monthly subscription cost for the EnRoute Global SMB Modern Day Workplace CloudBoost™ Bundles?
The EnRoute Global SMB Modern Day Workplace CloudBoost™ pricing starts from USD$69.99 per month and varies based on the selected CloudBoost™ Bundle:
- EnRoute Global SMB Modern Day Workplace CloudBoost™ Newbie Bundle for USD$69.99 per month
- EnRoute Global SMB Modern Day Workplace CloudBoost™ Pro Bundle for USD$149.99 per month
- EnRoute Global SMB Modern Day Workplace CloudBoost™ Agency Bundle for USD$599.99 per month
- EnRoute Global SMB Modern Day Workplace CloudBoost™ Team Bundle for USD$2,999.00 per month
- EnRoute Global SMB Modern Day Workplace CloudBoost™ Growth Bundle for USD$15,999.00 per month
We invite you to review the full EnRoute Global SMB Modern Day Workplace CloudBoost™ Practice Bundles benefits, similarities and differences.
EnRoute Global CreditBoost™ Term:
How long is the EnRoute Global CreditBoost™ Program term?
The term for the EnRoute Global CreditBoost™ Program is 12 months. After the initial 12-month term, customers can choose to renew their line of credit account by reapplying and undergoing underwriting and verification.
Can a customer cancel their EnRoute Global SMB Modern Day Workplace CloudBoost™ Bundle subscription before the EnRoute Global CreditBoost™ term ends?
The short answer is no.
The detailed answer has a bit more color to it.
The EnRoute Global CreditBoost™ Program and EnRoute Global SMB Modern Day Workplace CloudBoost™ Bundles run in parallel and go hand-in-hand to provide a comprehensive solution for small and medium-sized businesses looking to build and improve their credit. During the 12-month term of the EnRoute Global CreditBoost™ Program, customers are expected to make timely payments on their EnRoute Global SMB Modern Day Workplace CloudBoost™ Bundle subscription, and it is essential to understand that the two are interdependent.
It's important to note that once a commitment is made, there are no exceptions to cancel, so prospective customers must be sure they can meet their obligations before applying. If there is any uncertainty about being fiscally responsible, it's recommended not to apply until your business is on solid financial footings or apply for the EnRoute Global SMB Modern Day Workplace CloudBoost™ Newbie Bundle or the lowest subscription tier under the EnRoute Global CreditBoost™ Program.
If a customer wishes to cancel their subscription before the end of the 12-month term, they will be charged a cancellation fee equal to the monthly subscription cost times the remaining months left on the contract. However, downgrading to a lower subscription tier is a possible option, but it is not guaranteed to be approved.
What happens if a customer is approved to downgrade their EnRoute Global SMB Modern Day Workplace CloudBoost™ Bundle?
If a customer request to downgrade their EnRoute Global SMB Modern Day Workplace CloudBoost™ Bundle is approved, a one-time fee of USD $49.99 will be charged for the downgrade. Please note that downgrade approvals are not guaranteed, and until the downgrade request is approved, customers are responsible for making the upcoming monthly subscription payment under the existing bundle subscription and terms of the EnRoute Global business line of credit. The downgrade request is subject to approval, and if approved, the existing line of credit account will be closed and reported accordingly, while a new line of credit account will be opened with the corresponding EnRoute Global SMB Modern Day Workplace CloudBoost™ bundle limit. It's important to note that any features and services included in the previous bundle but not in the new one will no longer be available.
EnRoute Global Security and Privacy:
How does EnRoute Global ensure the security and privacy of its customers?
At EnRoute Global, we take security and privacy very seriously. Our cloud services are hosted on secure platforms such as Microsoft Cloud, Google Cloud, and Amazon Web Services (AWS), which have their own robust security frameworks. In addition to the industry acknowledged security benefits of these platforms, we have implemented Digital Signature and Capture platform at an ANSI tier-4 data center, which has strict controls around data center access, fault tolerance, environmental controls, and security. We also ensure fully-secured data transmission between the users and cloud services, with 256-bit AES encryption (HTTPS). Our systems support Single-Sign-On (SSO) and SAML 2.0 protocol for login/product activation. Moreover, our Microsoft Office 365 services come with Microsoft Defender built-in security framework, which is known for its comprehensive and layered approach to security.
What are EnRoute Global’s system security and privacy policies?
EnRoute Global takes security and privacy seriously, and our policies comply with applicable regulations. We use various data points to verify your business, and have a transparent privacy policy that outlines how we collect, use, and protect personal data. We are committed to full transparency in data collection and protection and adhere to industry-recognized security practices to protect our customers' data.
We regularly review and update our security and privacy policies to ensure that we are continuously providing the highest level of protection and following the latest best practices in the industry. Our security policies are in line with the standards set by leading organizations such as the National Institute of Standards and Technology (NIST), the International Organization for Standardization (ISO), and the Center for Internet Security (CIS).