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15 Replies Last post: Aug 3, 2008 9:22 PM by Bridge

Why am I still being denied business credit?

Sep 28, 2008 2:20 PM

Click to view LadylikeDiva4's profile Professional LadylikeDiva4 3 posts since
Sep 28, 2008
What am I doing wrong can someone please tell me the name or send me a site where I can apply for credit int he Business name only I tried OfficeMax and I was still denied.
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Click to view lindaucf's profile Start-up lindaucf 1 posts since
Sep 28, 2008
1. Re: Why am I still being denied business credit? Sep 28, 2008 3:10 PM
in response to: LadylikeDiva4
I am not an expert, but I do have some experience in this as I have had my own business for 4 years. Forst, if you are a sole proprietor business, it is your personal credit that will be looked at. Second, if you are an LLC or inc. company, and a newbie, again, it will be your personal credit for quite a while that will be the main consideration. Creditors look to see if you have any accounts in the business name that you have that are creditors. If you have companies that you deal with that offer you any terms, such as net 30 accounts, it helps if they report these to the business credit agencies. You can refister your ccopmpany with dunns and bradstreet and also Experian has a business credit monitoring sesrvice. IOf you check into these you caan also keep track of your businesses credit score.
I hope this helps, as only you knoow what your personal credit score is.
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Click to view jesse5621's profile Professional jesse5621 4 posts since
Sep 28, 2008
2. Re: Why am I still being denied business credit? Sep 28, 2008 11:20 PM
in response to: LadylikeDiva4
Hi,

Try going for a business credit card first (visa, mastercard). I find them to be easier to obtain than the store credits.
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Click to view dcs1960's profile Authority dcs1960 3 posts since
Jun 4, 2008
3. Re: Why am I still being denied business credit? Sep 28, 2008 11:38 PM
in response to: LadylikeDiva4
Try going to www.CreditCards-N-Motion.com I applied for a business credit card there and got approved quickly. They have a good choice of business credit cards that you can apply for that will meet your needs. I own a business and it was a good start for me to build business credit.
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Click to view affiliatesun's profile Mogul affiliatesun 44 posts since
Sep 2, 2008
4. Re: Why am I still being denied business credit? Sep 28, 2008 11:51 PM
in response to: LadylikeDiva4
I work for a service called Advanced Merchant Capital that gives interest free money to businesses and bad credit is OK. I've posted and helped out many other people on this forum with Advanced Merchant Capital. It is a Visa/Mastercard Merchant service and everyone I signed up to this service has been compelely satisifed.

If you feel like this is a need for you, shoot me an e-mail at absolutegreatness@gmail.com. I will give you all the information on this INTEREST FREE Cash Advance.
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Click to view Fortis's profile Mogul Fortis 239 posts since
Jul 24, 2008
5. Re: Why am I still being denied business credit? Sep 29, 2008 11:09 AM
in response to: LadylikeDiva4
LadylikeDiva4,

Good afternoon, hope all is well. I have a coupl of questions. Are you looking to build business credit in order to obtain financing? Can you just let the credit naturally happen? Is your personal credit the reason why business credit is being denied?
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Click to view GABWINTRONIC's profile Start-up GABWINTRONIC 1 posts since
Sep 26, 2008
6. Re: Why am I still being denied business credit? Sep 29, 2008 12:41 PM
in response to: LadylikeDiva4
We have in bussines 3 years, But we need some working capital.

Thanks

Gabriel Mercado

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Click to view LadylikeDiva4's profile Professional LadylikeDiva4 3 posts since
Sep 28, 2008
7. Re: Why am I still being denied business credit? Sep 29, 2008 1:33 PM
in response to: Fortis
Yes my personal credit score is below 700 and this is why I want to established credit only in the Business name. I am a start up business.
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Click to view Fortis's profile Mogul Fortis 239 posts since
Jul 24, 2008
8. Re: Why am I still being denied business credit? Sep 29, 2008 1:47 PM
in response to: LadylikeDiva4
I think you will find it very hard to avoid using your personal credit in the next couple years of business. After the first 2 years you will graduate from the "startup" category it becomes easier to avoid using personal credit with strong business financials.

What type of finacing are you seeking that you need to establish business credit?
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Click to view zookfind's profile Authority zookfind 5 posts since
Sep 11, 2008
9. Re: Why am I still being denied business credit? Sep 29, 2008 2:07 PM
in response to: LadylikeDiva4
Try the link for business at www.zookfind.com and www.iwant2search.com
You might just find the answers your looking for
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