I have a tax id# for my business. How do I establish a line of credit?
Sep 06, 2009
in
Business Line Of Credit
I set up my music publishing company and I am registered with ASCAP. I am ultimately looking for about G "start up money" to grow my business into a mulitimillion dollar company. But in the immediate future, I only need about 00 to build my home studio/office. My personal credit is being established because I learned that an insufficient credit history is the same as having bad credit. But I want to use my tax id# as an alternative short term solution until I am in a better position to execute my business plan. If you have any leads, please share. Thank you.
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2 comments
Super Rach on September 6, 2009 at 2:07 pm
When you start your business loans are going to be based on your personal credit.
Sheepish TinTin on September 6, 2009 at 2:07 pm
Get all your legal business documents/certifications and proofs of ownership and present it to a bank. Get a close friend to refer you to his bank to establish your identity… present a feasibility study if you have one…make sure you have no bad credit standing