how do i apply for credit with a federal tax id number instead of my ssn?

Question

i got a federal tax id number for my business and i need to know how to use it to apply for credit as opposed to using my ssn and my personal credit

Answer 1

You have to be incorporated, and then you can get a loan with a commercial business lender for your business, not personal use.
And if you are a an inc. you can get business credit cards as well. If you are not an inc. everything is still based on your credit and ssn.

Answer 2

Well that is very simple even though you have a EIN you cannot get credit for your business until you get a Brad & Dunnstreet # once you have aquired this number then a credit file for your business will have been created and then you can go about the business of aquiring business credit which is also fairly simple and none of this requires your personal credit or ssn. Good luck and Godspeed.

Answer 3

It's up to you. I used a tax id number when I did contract work because I didn't want other companies to have access to my private social security number. Identity theft hadn't yet become national news, but my friend already had been a victim of it. Some people use a tax id number instead of social security to separate their business from their personal, as in the case of a sole proprietorship.

Answer 4

First, how is your business owned? If it is a corporation you will have to provide financial data. I don't think any credit services track federal id numbers.

If it is a partnership or a sole proprietor the partners and you or you only for a proprietorship situation are fully liable for the firms debts. So it will always be your credit that is checked.