How do i establish my business/ corporate credit?

July 8, 2010 3 Comments

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 credit card apps??

Complete truth on your applications is a must. If they smell that something isn’t right, you’re not going to get any credit. Also make sure your business address and information is legitimate because they verify that as well.

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Corporate Credit

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3 Responses to “How do i establish my business/ corporate credit?”

  1. rushcygx1 July 9, 2010 at 12:37 am

    All lenders would require your social security, even for business credit. It sounds like you may have withheld that information on the business credit card apps??

    Complete truth on your applications is a must. If they smell that something isn’t right, you’re not going to get any credit. Also make sure your business address and information is legitimate because they verify that as well.
    References :
    http://www.bizcovering.com/Small-Business/Tips-for-Getting-a-Small-Business-Loan.56626

  2. shellanswerman July 9, 2010 at 1:25 am

    banks dont loan to broke people or new businesses, which is why they want to be able to come after YOU if things dont work out.

    Hence the SSN.
    References :

  3. jess q July 9, 2010 at 1:37 am

    For startups and new businesses, I would recommend

    http://www.angelbusinessloans.com
    References :