HOW DO I GET BUSINESS CREDIT WITHOUT USING MY SOCIAL SECURITY NUMBER?

I only not long ago proposed my own tiny commercial operation after examination my trainer have tons of income off of my idea. I’ve been perplexing to acquire commercial operation credit though I am carrying the problem, since I am the brand new business. I do not wish to use myself as the personal guarantor due to a little credit issues I have gained whilst in college, as well as co-signing for my ex. So if we have any tips greatfully feel giveaway to post them. Thanks for your time.

Tagged as: Business, credit, number, security, social, Using, Without

{ 6 comments… read them below or add one }

MadMan May 28, 2010 at 6:21 am: Sorry but you can’t. You will need to use your social or you will not get any money.
Credit Trauma May 28, 2010 at 6:24 am: Unfortunately, you’ll always have to use your social security number to apply for business credit. Why don’t you work on repairing your own credit so this won’t be an issue for you?

For a simple 8 step system to repair your credit, visit http://RepairCreditTrauma.com
tudorjason May 28, 2010 at 7:21 am: Have you obtained a Tax ID number (TIN)? It can be used instead of a social security number for businesses.

In today’s credit world, obtaining any financing may be a little difficult, at least at first. At my last job, my boss was able to establish a credit history from proving to banks that he could pay off regular bills on time, though he did use his personal credit card often because he was the president. Having a credit history for a business works differently than for individuals. When my boss would apply for credit, he would send over a list of credit references.

Good luck.
bdancer222 May 28, 2010 at 8:18 am: Most business credit cards will require a personal guarantee, even for large, well established companies.

If you are looking for other types of business credit, like a line of credit at the bank, you will need a whole lot of documentation on your business and if it’s new, you will probably still need your personal guarantee.

You can work at setting up credit with vendors and suppliers. Those that carry their own accounts will usually give you some kind of terms after the first pay on delivery order. You can also list your company with D&B but that will require financial documents.
Carly May 28, 2010 at 8:32 am: for help ; open the third & fourth link in: http://www.all-payday-loans.co.cc
Anand May 28, 2010 at 8:35 am: Why don’t you work on repairing your own credit so this won’t be an issue for you?

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