how can you build business credit fast?
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!!
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2 comments
Ms. Patt on September 28, 2009 at 7:18 am
After you have estabished your company (Filing with yoru state) and you haev your docs registred, apply for a Dunn number (free) http://www.dnb.com. They have a Credit builder link but they charge a fee. Read thr giudelines and this will help you fast.
To get the credit you need will take about 6 months or so. Apply at Staples, Dell and maybe a gas card. Use only 50% and pay twice in 1 month, this will show two payments before your 3rd bill is sent out. Then after the third month, apply for a Visa and/or MC with the lowest APR and by then you should be ok. Just be sure to pay on time and if you can, make two payments within a 30 day period for at least 6 months and you should be straight! Good luck to you…
Mohtashinur on September 28, 2009 at 7:18 am
use a savings accont.