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!

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 want anyone looking for a commerical loan to stay away from this company. TX Southwest Business Solutions in Allen, TX is run by Richard and Maria Orozco (214-715-2777). They are loan sharks, who pose as commercial wholesale lenders who ask for 0 deposit — and say (in the application) they will return your deposit if they cannot secure a business line of credit. They are referred business by other wholesale lenders in Texas and Colorado — if you work with Maritime Commercial or anyone else, ask them FIRST to whom they refer business, if at all.

I have filed complaints with the BBB of Greater Dallas, FTC, and Consumer Protection Agency. They have not responded to multiple attempts by the BBB. Now, I am filing with the State Attorney General and State Office of Consumer Affairs.

Don’t let these people delay the start of your business or run away with your money.

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 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 only need the insurance to qualify for a business line of credit, so the amount to insure only needs to be ,000.00 (as opposed to 1 million that I keep getting quoted for a premium of at least 0.00

I have a very high credit score (770) and want to secure as much business line of credit as possible. I would take a million if they would give it. Problem is of course gross income. I don’t mind being personally responsible but is it legal to apply for say 5 50k lines of credit on the same day and get them within the next week or so.

I am trying to obtain a business line of credit for me and some friends of mine. I have ran into a brick wall, and with everything that’s going on in the market now. I want to know if any one know what banks are still lending? Please no negative answers, I know that bank are still lending just need to find them. And NO BROKER’S!!! they will rape you on fee’s I am looking for a direct bank.

I stood guarantee for the business line of credit. The business is almost gone and the loan stands at 95,000 USD. Bank is coming after me. What do i do ? Personal bankruptcy has been suggested by friends. what are the consequences of personal bankruptcy? I am so very worried. Is there a nicer resolution for this? My credit score is very good right now.

I was going to enter into a business partnership with my cousin and her husband told her no so I said I’ll just start from home and work on expanding that way. I was wonderingif anyone knew where I could get a business line of credit or a grant to get the startup?

I could no longer make regular 850.00 mo.pymts. I have been paying 350.00 pr. mo while trying to work with bank by sharing all my info. including new job info.,tax returns,monthly ex penses, etc, They denyed request for loan modification, they feel me and spouse make enough money, and at the end of this month they will write it off and turn it over to their in-house collection agency. I have no problem paying back money I owe, I just can”t pay 850.00 pr. mon. WHAT CAN I DO TO PROTECT MYSELF FROM WAGE GARNISHING, AND OR BEING SUED. MONIES FROM MY IRA ACOUNTS HAVE ALREADY BEEN DEPLETED AT THE BEGINNING STAGES OF BUSINESS BEING CLOSED, SO THERE IS NO LUMP SUM OF MONEY FOR ME TO NEGOIATE WITH, THIS WAS A BUSINESS LINE GUARANTEED BY PERSONAL SIGNATURE. HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!

I am interested in using the busienss credit coop to start a business line of credit. Does anyone know what the actual service they provide is?

I bought my second home cash using the equity line from my first house.Then I opened equity line on my second home and bought third home using that money. I bought my fourth home using the same formula. Now my fourth home is free and clear and I think the bank may be reluctant to open equity line of credit on my free and clear home, as my credit report will show too much loan. If I make LLC for the fourth home and get business line of credit, I know I will be the grantor, will my name show on the credit report. Will it be easier way to open line of credit?

Sometime ago I applied for business LINE OF CREDIT through Bank of America. The guys took there own sweet time and when I already found a solution, they approved me.
My question is, would it affect my credit history in anyway, if I keep the line of credit and dont use it? OR you would suggest to simply reject their offer and close the allocated line of credit? Any help will be appreciated. Thanks

What is the advantage, if any, of using a business line of credit over a credit card, when both have the same rate of 9.95%?

I am seeking a business line of credit or personal line of credit for 0,000 to purchase an existing business. I would rather not have to provide business financials to tha bank b/c I want to have the cash already in hand when I make the offer to the owner. My credit scores are all in the 720-740 range. I need a quick approval and funding, where should I apply for this?

I’m looking to open a business line of credit and was wondering which banks I should target. I live in South Eastern Michigan.

I started a company with another person and he asked me to apply for business line of credits for the company to use. He then max-ed out the money on the credits. I’m now no longer with the company, but that person is not responding to my requests of him taking over the line of credits responsibility. What I can do? Thanks

I have a small business on eBay and I would like to purchase more products. I applied for a Business Line of Credit at Bank of America and I was denied. My credit score is between 690 & 710. Is there another bank or easier way to get approved for a loan?

I stood guarantee for the business line of credit. The business is almost gone and the loan stands at 95,000 USD. Bank is coming after me. What do i do ? Personal bankruptcy has been suggested by friends. what are the consequences of personal bankruptcy? I am so very worried. Is there a nicer resolution for this? My credit score is very good right now.

I need a BUsiness line of credit or Loan for @ K … Its a new Business no Business Credit History and My credit is @ 670 . where can I get this and I also have 20% for down if needed

Can Anyone tell me a few websites for Business Line of Credit or loan, that do not require personal guarantee? I tried to Google it already but i just got a bunch of junk sites. Thanks for the help.

This question is for the business owners. What is the interest rate on your business line of credit? And how much is your line of credit? I just want to get a feel for what people are paying and what credit lines business owners are working with. Thanks!

I did the first 2 steps: 1. Getting Certified through the Secretary of State and 2. Calling the IRS and getting an EIN (Employee Identification Number). After doing some research I thought getting a small business line of credit wouldn't be hard but I'm kind of stuck here.

Last year (2007) I sold my business, but left my business line of credit open. This year 2008 I have dipped into the line of credit. My question is, could I write off the “business line of credit” interest on my personal 2008 returns?

I have excellent credit but am trying to establish business line of credit to fuel my RE investment business. Attended a brief seminar on the subject last night but not willing to pay ,000 for the "package" that goes into detail. Can anyone point me to a website where I can learn the step-by-step details of how to develop unsecured lines of credit for my Sub S corporation?

I am purchasing a small business that has been in existence for 1 and a half years. I am using an SBA loan for the purchase.

Referring to the future, how do they determine what my business line of credit will be? My companies net profits are 160k. (After debt payment it is around 110k). Formulas are welcome!