How do I get a Business credit card with bad credit?
Author: admin19 Jul
raymond m asked:
I am trying to consolidate my bills and get my credit clear so I can start a business.I have very,very bad credit and I am tryiing to start a business. How would I get a credit card for my business with extremly bad credit. And who will except me?
I am trying to consolidate my bills and get my credit clear so I can start a business.I have very,very bad credit and I am tryiing to start a business. How would I get a credit card for my business with extremly bad credit. And who will except me?
5 Responses for "How do I get a Business credit card with bad credit?"
You may be able to get a secured card to start with.
It’s all tied to your social security number. Business doesn’t matter.
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Before applying for a small business credit card that fulfills your needs, shop around. Search online or contact the different card companies to find out the fees and the interest rates. Select the one, which has the lowest fees as well as interest rates.
Just like a credit card for personal use, be smart with using your small business credit card. If not used judiciously, it can land you in debt problem.
A small business credit card is a big help for small business owners if used sensibly. It can solve the financial problems that the small businesses face.
the real answer is that you probably wont
business credit cards must still be guaranteed by the owner’s personal credit
on every application that you come across they will be asking for the owners ss# and there is no way around it
We are often asked why it is important to build a strong business image and credit. There are two answers to that question. The first and the most obvious answer is that it is important to build strong business credit in order to Secure Business Financing. However, not all businesses require external financing; often entrepreneurs will refer to family and friends for startup capital. This is where the second reason, Emergency Financing takes precedence.
If your business is experiencing strong growth such as a need to expand warehouse space, inventory, or work force, and the financing of such operation is beyond that which is available from friends and family, a strong business image and a strong business credit profile can aide in securing financing with lower rates and quicker approval times.
Begin your search online by typing “strong business credit” (just like that in quotes) into google or yahoo. That should give you a head start on the programs that are out there.
Ilya Bodner
Small Business Owner
Initial Underwriting Group
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