business credit cards without personal guarantee Apply For Business Credit Cards
When you are ready to apply for business credit cards, there are quite a few business credit cards you should consider. But first…are you interested in obtaining business credit cards without a personal guarantee? Let’s talk about the facts rather quickly before we move forward with the actual application process. Many business owners, when they apply for business credit, assume that that even if they tie their personal name to a business and apply for credit, that the business name will be acquiring a positive credit history. This is not true at all. If you set it up this way, then you are doing nothing but building your personal credit history. Even if the credit card says “business credit card”. We’ve talked extensively about how to build business credit, as well as how to start applying for these business credit cards without using your own personal guarantee. It takes a good year to 16 months in order to establish rock solid business credit. But first, you have to take small steps. In order to take giant leaps, this is what you must do. There is no need for redundancy here, so go read our business credit guide now, then come back. It will make so much more sense to you once you know how business credit is built. After you understand how the process of building business credit works, you can then start applying for business credit cards the right way – without using a personal guarantee. But first…are you a new business without any type of credit history? Or are you an established business with many years of business credit under your belt? Maybe you’re stuck somewhere in the middle? If you are not established, you already know that you need to start out small and work your way up. You already know that you need to establish 5 trade vendor accounts…vendors that will report to the 3 business credit bureaus. That’s the first step. After you establish 6 months of positive business credit history, then it’s time to move on to bigger loan amounts with various vendors and loan companies. Not too big though. Keep it small. Remember, you’re building it up slowly so that these institutions trust you – and they should have good reason to do so as long as you aren’t doing something that would be viewed as criminalistic in nature. If you want to find out how to shave 1 year off of this time, then you can looking into buying a shelf corporation. Or, if you would like to learn exactly how this process works for yourself and want to do it right the first time without screwing anything up, then you should enlist the help of a business credit service. American Express: Apply For Business Credit Cards One of the best and most valued business credit cards in existence is the American Express business credit card. With so many options and rewards, this card is clearly above the pack in terms of APR%, rewards, perks, etc. Find out more about this business credit card here.