ForumsStarting a Business

Credit for a new small business, Tell us more about yourself and your business

Read the answer from " Milleisen " on Aug 24

Do you know about SCORE?? SCORE is FREE and can help.

LUCKIEST

Thank you millesien for the advice but everything you have told me I already did. As for personal credit all my car payment are paid the invetory is all paid for. I have assets and the only reason that I was seeking this advice I am trying to obtain a loan. If you would like send me a number to contact you so I can explain.

Thank you.

Hi Millisen is their some other way I can talk to you?

federal employment identification number

A good place to start is with suppliers. Establish office supplies, building supplies what ever under your business name. Once you have a relationship established apply for their credit under the business name. This is the easiest place to start. Next get a business credit card. You can do this under your name, however you will need to sign personally for it. After you have these and you start to get some cash comming in, go to your bank and apply for a very small line business line of credit. These steps will not make you ladden wtih working capital but it is a good place to start.