First let me say that I DO NOT want to know how or pay you to obtain business credit without a personal guarantee!

I own a small business and I am incorporated, with an EIN and seperate business bank account. I am interested in possibly obtaining a business credit card, or a business line of credit. I was looking at some different banks/card and I notice the majority would like a personal guarantee. I have no problem with that, I just would like to know how it will affect my personal credit. Does the business credit card/line of credit show up on my personal credit report? Is there a hard inquiry when applying and/or giving my personal guarantee? If I apply for a business credit card/line of credit with a bank/credit card company that I currently have a personal credit card through does the business card affect that personal card? Any information would be great. Seems like all the info out there is about getting business credit without a personal guarantee, and paying for that info. Thanks!

I have had my business for over 2 years and still cant figure out how to open a line of credit with just my tax id. Most companys want my social to use with it but my personal credit is not the best. Any suggestions on how to get business credit started ? Thanks,

I’m starting a business with a partner, we’re incorporating and planning on having 50/50 ownership. We’ll want to apply for a loan or credit line and banks will naturally be checking our credit histories. Here’s the issue: my credit history is good, perfectly clean, and improving. My business partner has some big credit card balances from starting the business, has missed some payments… his credit is bad. I’m thinking maybe I should be the 100% owner initially, so my partner’s credit doesn’t become an issue. Later on after we’ve established business credit we can change to 50/50 ownership. Does that sound like a good strategy?
Thanks for the comments re my partner’s credit issues. As background, he is great in retail, customer service, and started the business- currently owns it. Definitely needs help with the financial aspects, and I think the partnership will work well.

There is a company called Express Business Credit Services in Las Vegas 702-503-8953 that establishes corporations, and creates lines of credit for your business without using your personal credit.

without being the personal guaranteur? we are profitable, have been around for 4 years, have an average account balance of 100K and only are seeking a LOC for 60K

i’ve got a call and the rep went like my platinum membership with the 00 small business CREDIT LINE has been approved and they wanted to see if i would’ve liked to activate the proccestin of it and he said the interest rate is zero and there ain’t any kindda proccessing charges…i’ve never applied for one but i kindda need this and i really don’t know what can i do with a credit line…apart from phishing call and all that i just wanna see what is the benefit of credit line and how does it work.

Now verizon is saying that its illegal?

I run a small business making around 100k a year but this phone bill & all these business lines are killing me 300+ a month!!

So i connected my credit card machine,fax,phone & internet to one phone jack & everything works fine.

Will i get taken to jail if i just switch to one residental line instead of 2 business lines that i really dont need?

My husband and I own and operate a small business with aout 300,000.00 in sales each year. we have grown VERY quickly. We now need a small business line of credit or loan to obtain more equipment.

We applied through bank of america. Our credit scores are not bad. They ranging from 640-715. They denied us for stupid reasons. (not having enough personal credit history…my husband is 30 hes had credit forever!) Now, we are frustrated!

has anyone else had a problem or found a company that is easy to work with good credit?

Its ridiculous that everything in life revolves around a computer generated FICO score.

Any advice?

Will establishing a business line of credit help our personal credit rating? My wife owns a small business and we have received many offers for credit so she’s curious.

I need a business line of credit for my startup business. Can someone point me in the right direction?

I have a business credit card that I use for personal expenses. I am going to discontinue doing this at the advise of my credit card company (Chase). However, I recently decided to increase my credit line from ,500 to ,000 for no reason really. They declined it and sent me a letter stating that they received their information from Experian. The letter’s tone is negative overall.

Will their declining of my credit line increase request negatively affect my credit score? Keep in mind that it is a business card.

Thanks.

Do credit bureaus differentiate between personal and small business credit scores? If so, does building up a small business credit score encompass the same practices as building personal credit? If one has a personal card with a particular creditor, then open a small business, would that creditor use any of their payment history/credit lines as some sort of a guide to extend small business credit? TIA.

i am finding out it seems very hard to get a line of credit for a job today. does any one have any type of idea on how to get a line of credit for a job that has funds all ready allocated for the work. the funds are to cover labor and materials until a 45 day draw is released for the work. i use to just give the bank the contract and they would give me 100,000 no problem. do i need to look at banks in other country’s or what. is the American dream dead. please help

I would like to do this for free.
Set my company up with all 3 business credit agencies
Get my business 5 vendor lines of credit that report to the agnecies
Help me get 3 business credit cards in my business name only
Show me how to get 1 bank loan that reports to the credit agencies

also do you have to pay on your principal every month or can you pay on line of credit and wait until the end of the year?

I am about to start my own LLC and need a small line of credit. Instead of trying to get a business loan, I was thinking of a small business credit card. I only need about 00.00. Does anyone know how long a company needs to be in business to qualify for a decent small business credit card?

I owned a small corporation and my mother took out a interest only line of credit loan against her free and clear house and loaned it to me for my buisness. my buisness did not work and was forced to shut down.Is thier any way my mothers loan can be forgivin with either because of a "bad investment" without losing her house.Is thier anything i could do or any channels i may go down to investigate this further? I at this point am paying only the interest on it personally every month.

I have a business credit card with a high credit limit, but this account does not show up on credit reports from all three crediting agencies. I asked the card issuer why this is, and they tell me that it will only show up if i have negative history (late payments, bankruptcy) but it does not show my on time payments or any sign i even have this available credit line in my name. I am trying to build good credit history, but this doesn’t even add into the evaluation of it, and it is the best thing i have going right now. Any one know why this is?

I am in the process in opening a large daycare from home. I am currently renting the house. I live in Southern CA.
My goals are to build my business, build a line of credit for my business, and purchase this house within a year. (The house is worth 0,000 in today’s market, down from 0,000 last year at this time).
I spoke to some companies that promise me lines of credit, but they also want me to incorporate my business and give them 00.00 to help me. I simply do not have that kind of money, and I do not want to waste money on something that is not necessary.
Specifically, I do not see why I need to incorporate my daycare. Can I still build credit without it? I also do not understand how to establish a business line of credit, nor do I know if I will be able to buy a home with it later on.
Lastly, my personal credit is not good, so I cannot rely on that to purchase a home.
Any comments? Suggestions?
Thanks!

I would like to sell shoes, clothing and handbags.

I am a potential businessman, and I wou dlike to know if it is possible to get a line of credit or business credit with less than perfect credit. I have most of thi things that I need, I just need a way of getting them with the right amount of capital.

I am trying to incorporate and i would like to build business credit fast to apply for a loan. I have a good co signer.. My credit I am working on… and ( what is the difference between business line of credit) I believe that is not the same thing as money. I need a partial loan because we only will have part of the money. Serious assistance please. I already went throught a company that was to help build business credit and because i waited a year to start working with them they closed the account. *** I guess if you dont’ open in a year you are SOL> I will report them to the bBB because we were not told there is a time limit to use their services to help build business credit. ** so definately serious help please. We are trying to see if we can open seriously by november or at least have 80 percent of items completed to open befoer applying for a loan. ( Oh yes i have a great business plan!!)
Please no solicators for your own company. I just need some help from my yahoo partners whom are serious. I have decided to jump in and take the plunge. Thanks!!

Im looking for applications to banks that offer a business line of credit of ,000 or more.

I am in the early stages of a start-up and am wondering how I can get a business credit line when the business has no credit history. Is it based on the owners’ credit?