MY CREDIT IS VERY POOR AND I NEED TO ASTABLISH CREDIT FOR MY TAX ID. THANKS
2006-07-26 06:05:07 · 5 answers · asked by Anonymous in Business & Finance ➔ Small Business
You will need to first establish business credit. Here is an article that goes into great detail on how to establish business credit in 90 days.
Good luck!
2006-07-26 15:17:35 · answer #1 · answered by Paul McDonald 6 · 0⤊ 0⤋
For your very new business, get a business loan from your local credit union, if you can! Your not talking to experts but people with experience, experiencing the same things every day! So my advice to you is that the best way to establish credit is to bank with a credit union and find out ways from them or get a very small loan and pay it off with your payments from your payment plan that is how to establish credit, paying on time with each payment and just build up from there:-)
2006-07-26 13:19:05 · answer #2 · answered by Baby 5 · 0⤊ 0⤋
If the business is under your name, then creditor's will ALWAYS check your credit.
Contact the Duns and Bradstreet organization and see if they can help you in establishing credit through your organization.
You may also want to contact your local Small Business Administrative office (www.sba.gov).
2006-07-26 13:33:50 · answer #3 · answered by NyceGyrl 3 · 0⤊ 0⤋
Can't be done unless you securitize the credit card. (put up cash to the credit card company for the amount of a line you want to have)
2006-07-26 13:13:02 · answer #4 · answered by rhbuker 2 · 0⤊ 0⤋
Bank of america is offering a business credit card with no annual fee ..try to inquire with them. Goodluck to your new business.
2006-07-26 13:13:16 · answer #5 · answered by amber200271 2 · 0⤊ 0⤋