Video Link: https://www.youtube.com/watch?v=kt-XS2WPLiI

25-03-2012 19:24 wbnr.co http://www.businesscreditsherpa.com Business Credit With No Personal Guarantee 4 Steps To Business Credit Success Credit cards and lines of credit are important for a business, especially in the beginning when the accounts may be low on cash but bills and payroll may still need to be paid. Getting a card or a loan may not be difficult but most likely a bank will request the business owner to personally guarantee the account. In other words, the owner will be personally liable for any debts owed to the bank regardless of the status of the business organization. Why is this done? Because the banks want to get paid if the business goes bankrupt. Can the owner get corporate credit cards without personal guarantee? First of all, the business needs to have good credit scores with all three credit bureaus. In order to do that, a good way is to find stores, vendors and suppliers that would be willing to open a line of credit for a small amount in the name of the business only. It will likely be only a few hundred dollars but it is a start. As long as the debts are paid off on time and the payment history is reported to the credit bureaus, the credit history will be building up and the scores will be increasing. Having just one account will not help much. The business needs to have several accounts, including both loans and revolving lines of credit, to build a solid credit history and qualify for business credit cards without personal guarantee. Lenders ask for several important ...

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Business Credit With No Personal Guarantee: 4 Steps To Business Credit Success - Video