What companies offer corporate credit to new business without personal guarnantee?
Answers:
None.
You will need to offer up your own personal guarantee to build credit for the company.
If you owned a bank, would you give unsecured credit to a company, in which the owner himself/herself isn't confident enough of success to promise that they bills will be paid?
You don't want to put your money on the line, neither does the bank.
The best way to build credit is to personally guarantee a small credit line. You can ask the line to be limited to a small amount. You also, need to be honest on the taxes, showing all of the profit for those first two years.
It is possible after two years of profit, if all owners have good credit, that you can qualify for an SBA loan to get you off the ground.
It is difficult to find financing at first, but still if you can make it, there is not better feeling than having your own business.
Good Luck
NEBS, ULine.
Are you yellow pages listed? that makes a big difference!
also, there is a large list of vendors at www.bhmh.net that may be helpful to you.
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