Obtaining Corporate Credit

Obtaining Corporate Credit

Obtaining corporate credit is very important as it establishes credibility for your business and it separates the liabilities of the business from those of the owners. There are several different ways that you can go about obtaining corporate credit. It is a good idea to start doing this in the early stages of your business. Even if you don’t need to access it then you will have all the groundwork completed for when you do need to be obtaining corporate credit.

One of the most common ways of obtaining corporate credit is applying for a business credit card with a company you already have a history with. This will help to reduce the amount of risk they associate with your business. The credit limits may be very low when you are first obtaining corporate credit but using it wisely can give you a solid business credit history to build on in the future.

You will likely have to provide detailed information about the type of business you are operating and the assets and liabilities of the company. There are several hoops you have to jump through for obtaining corporate credit but don’t be discouraged. As the amount of time you are in business increases and you show a steady history of paying your debts on time you will have no trouble obtaining corporate credit.

The statistics don't lie!

Most new business fail within a year. The number one reason for this failure is "lack of adequate financing"

A little insider information might be ALL that is standing between your VERY profitable business, and becoming just another statistic!

Before you spend a small fortune and all that energy creating a new enterprise, we suggest you take the time to put your financing in place BEFORE you need it!

Find out whether your corporate credit knowledge is up-to-date, or you are about to get blind sided by the banking system, like we did. (Things have really changed in the credit industry!)
Do you know how to get a LARGE amount of unsecured corporate credit?!

We didn't see it coming. We thought we knew the business credit system. We had our "professional" lawyer and accountant on retained. Then there was an unfortunate event that led us to sit down and publish this information. It is our hope that another unsuspecting entrepeneur won't be upset, or lose their dreams due to a lack of good, current information. To read more of that story click here

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Readers Comments

Patti and Rob,
Thank you very much for the interesting and enlightening ebook regarding corporate credit. Your offer to me to purchase this book came at the exact time that my husband and I needed some help.
We formed an LLC in December with the intent of opening a sports pub and grille. We have good personal credit, but were unable to secure enough financing under our LLC for our projected $250,000 restaurant project. Only a $10,000 SBA loan through a local bank, and, actually, I'm not sure that wasn't with a personal guarantee!! We had been thinking very seriously about using credit cards to secure the $100,000 we still need, but, after reading your book, have completely reconsidered. Knowing that we can build corporate credit prior to opening our business is so reassuring.
We now plan on using your steps over the next several months and waiting until we can totally use corporate credit to move forward with our restaurant or any other business.
I feel very relieved and so much better now that I have a plan of action.
Thank you both so much!!

Rosanne B.