Category: 
June 2, 2010
Usually 5.5 percent.
I’m 14, and am interested in starting an energy corporation consisting of LLC subsidiaries. It would be formed as soon as possible, preferably when am 16 – 18.
This company would have to be a C-corporation. I was planning on forming it in the State of Nevada, but their age limit is 18. I s there any state with low tax costs that has a lower or no age limit?
See http://www.BiznFin.com/online-jobs.html
i hope it will be helpful in resolving your problem keep using answers.yahoo.com
I have heard this is the new thing and the way to go to help businesses get started. By purchasing a shelf corp but I have yet to find anyone who has actually closed the deal plmk if you guys have any further information or help
I think you mean "shell corp" not "shelf corp"–as in a dormant company that hasn’t actually done any business.
The answer should be no as to getting business credit. You can’t actually show that the shell has done any business, let alone that you signed the tax returns.
I made a deposit from the line of credit to the business bank account to purchase fixed assets.In what account do I post transactions to the credit line and the interest?
Take a look at this discussion in the QuickBooks Community Forums…
http://www.quickbooksgroup.com/webx/forums/Banking/338/0
The bank informed me that you have to wait 6 months to re apply for a line of credit if you are denied. So I would like to know what range do my credit score have to be in order to get approved. Thank You
Try Prosper.com. People lending to people. It would be a personal loan but you could use it for business purposes. It helped a gal I know open up a bait shop!!
I need to learn where and how to get a business unsecured line of credit.
it’s called a credit card. Until your business grows, YOUR credit is the same as the businesses.
I need a BUsiness line of credit or Loan for @ $40K … Its a new Business no Business Credit History and My credit is @ 670 . where can I get this and I also have 20% for down if needed
Revolving lines of credit are extremely important to a small business. The SBA has developed and offers loan products that address your need. A new program called the Patriot Express revolving line of credit maybe a consideration. However, this loan is targeted to the military community and spouses. A regular SBA loan is also something you can apply for. I would encourage you to visit SBA.gov All banks can participate in this program. You are require to have a 10% injection of your own money and you must demonstrate an ability to debt service the loan. These requirements can be shown by having a sound business plan in place. If you need assistance in packaging your request please feel free to contact me direct. Good luck on your venture.
we have used personal money until now. we had to relace the engine 3 weeks ago—now we would like a credit line to work off. any ideas?
Talk to the banker where you do your business checking; however due to the short time in bus., your best bet is getting as many unsecured business credit cards and operate off those credit lines.
Im trying to build a large business credit line without personal gurantee on a Tax Id on a nevada corpation i set up. Whats the fastest way to establish large credit line using D&B, Expierian Business and Business Client check to get the lines i need to do business without gurantee (Personal). Without buying trade lines. Please tell me the fastest way and most economical.
Work with a local bank to have them start you out on small loans based on business volume. You can also get them to extend credit based on your receivables. That’s the fastest way to grow.
If you don’t have any revenue, there’s no way to get a credit line without a personal guarantee.
I have a business credit card with a high credit limit, but this account does not show up on credit reports from all three crediting agencies. I asked the card issuer why this is, and they tell me that it will only show up if i have negative history (late payments, bankruptcy) but it does not show my on time payments or any sign i even have this available credit line in my name. I am trying to build good credit history, but this doesn’t even add into the evaluation of it, and it is the best thing i have going right now. Any one know why this is?
The same reason an authorized user on a card can be negatively affected if the card holder messes up.
It doesn’t make sense but that’s how they do it.
If the company runs into problems they have to have someone to turn to and that’s you. Being able to burn you if things go bad is their only leverage.
