I am looking to get a business credit card or line of credit WITHOUT a personal guarantee. Any advice?
Jun 11, 2009
in
Business Line Of Credit
I currently have four business accounts (Dell, Staples, Office Depot and Exxon). I would like to get a business line of credit or credit card without a personal guarantee, so I can eventually have a business profile under my company name. All of my credit cards are in good standing. But I don't want to have my personal debt tied in with the business debt.
I keep getting offers from Advanta but they ask for the Social Security Number for the business owner. Where can I go to get business credit solely based on the company's Tax ID Number? All of the other credit card accounts were obtained this way.
Do you have any suggestions?
Like this post? Subscribe to my RSS feed and get loads more!
5 comments
caleb b on June 11, 2009 at 9:06 pm
Business credit cards come with a variety of reward options. Travel rewards, stay in hotel, cashback, savings on courier services etc. are some of them. The type of your business and services you require can be compared with various business credit card offers and the most suitable credit card can be applied for.
More money when you need it most
Business credit cards are specially designed to cater to large funding requirements of businesses. The credit limits on business credit cards are higher than normal credit cards. So, you are doubly sure to get that large expense properly handled without any anxiety.
Easy application process
If you have an established business, business credit cards are very easy to get. Small businesses or fresh startups need not worry here, because credit card companies are equally eager to give business credit cards to companies with good prospects and to those who show promise. So, even if you are just starting, you can get a business credit card.
Expert business help
Business credit card issuing companies have established a good online help archive with expert advice on how to run your business in a more productive way and to achieve the maximum. If you have any kind of problem it is very easy to tap into this knowledge pool and help yourself. Check out a list of popular business credit at: http://www.credit-card-gallery.com/Business_Card.html and apply online according to your choice.
Rick B on June 11, 2009 at 9:06 pm
Have you called American Express?
robert w on June 11, 2009 at 9:06 pm
forget about it . ur SS is ur business account.
visit daveramsey.com to learn to build business with out debt.
RJ on June 11, 2009 at 9:06 pm
Unless you have a cosigner or good credit, don't hold your breath
themandrill5 on June 11, 2009 at 9:06 pm
This is what everybody wants. A credit card for their business that doesn't affect their own personal credit rating.
Unfortunately, it's EXTREMELY difficult to do this. You must have a very large business that has been around for a long time, and have years and years of outstanding business credit built up.
I've worked for a guy who owns twelve furniture store franchises, and has for almost ten years, but his personal credit goes up or down along with the business because it's tied in.
There isn't much you can do about this, but for more info, read the following article:
http://webbizcredit.com/articles/?p=7