Archive | July, 2010

what does it mean if i buy an LLC with seasoned credit?

I’ve found websites that sell seasoned shelf corporations, some also with seasoned credit. What does that exactly mean? Are their already lines of credit established? It seems to me that, upon purchasing the LLC, the lenders would still want to look into the reputation of the seller, etc. In other words, is this too good [...]

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need to buy a shelfed corporation with limited upfront money?

i am looking to buy a shelf corporation with very little upfront money i have a small home base business that doing fine but could do better if i was able to obtain credit from droppershippers but need to have LLC for atleast 2 years and good credit i work full time and dont have [...]

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Would you pay $50K for a shelf corporation that has $1,000,000.00 line of bank credit.?

Purchases can only be used for real estate purchases such as,investment properties,new construction,rehab,condos etc. Why would I pay anybody anything for the ability to borrow??? Pay 50k so I have the RIGHT to borrow $1mm???? Sounds really silly. I can fill out a mortgage app or loan app FOR FREE and obtain the right to [...]

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Are there any "Corporate" (not business) credit cards available to businesses with $1MM in revenue?

It’s my understanding that "Corporate" credit cards are secured by the business, while "Business" credit cards are also secured by the underlying owners. My business is well established, has 4 yrs of tax records and has been profitable every year. How do I get a Corporate card that will accept my $1MM annual revenue? If [...]

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How do I get a corporate credit card after I get my TIN?

My company is relatively new and I need to get company phones, a vehicle, etc. Strictly for use by the company and employees. Usually you will get offers in the mail a few months after you get a Federal ID #. Try your bank, they may have a card. Try Advanta.

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corporate credit cards that report to personal credit?

Does anyone know if corporate credit cards report on personal credit. I have a corporation and I’m building corporate credit and would like to know af any cards that report on my personal credit profile. You have to check your card agreement to see if you have joint and severable liability for the card personally, [...]

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What are ‘insured depository institutions’ and ‘corporate central credit unions’.?

To remove the hold on my account at Treasury direct, I have been asked to have my identity certified by a authorized employees of insured depository institutions and corporate central credit unions. What are these? Are these regular FDIC insured bank. Insured depository institutions refers to financial institutions (banks, credit unions, etc.) that accept deposits [...]

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How do i establish my business/ corporate credit?

I started a new business 5 mos. ago. I have applied for a couple credit cards but i keep getting turned down. am i supposed to provide my SSN to all creditors. All lenders would require your social security, even for business credit. It sounds like you may have withheld that information on the business [...]

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It is work to hire a company that help you build corporate credit?

I got to build a good credit profile for a corporation and will like to know if it is work to hire a company that helps with the whole process i would get some inside info from an outsider for help

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How do I find corporate credit/debt ratings?

I need the credit rating for Wal-Mart. I’ve been to S&P, Moody’s, and Fitch, and I have no idea how to find out simply where the credit ratings are. None of the sites flat out lists such a link. Really is getting on my nerves… You can’t.

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