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3 Replies Last post: Feb 15, 2009 6:22 AM by Dereshki

Secured Credit Card for a Business

Oct 29, 2008 5:21 AM

tdennis7 1 posts since
Oct 29, 2008

Hello,

A few companies used to offere secured credit cards for Businesses where you could send in a deposit and get a credit card with a credit line in that same amount. Its good for building business credit for new companies and for those business owners with less than perfect credit.

It seems that the companies that offered these cards are not doing it any more. Bank of America and Wells Fargo. Does anyone know of any financial organizations offereing secured credit cards to businesses? It would seem that with the current credit crunch a secured card would be a win-win for all concerned.

Thanks in advance!

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LUCKIEST 7,926 posts since
Aug 6, 2007

1. Re: Secured Credit Card for a Business Oct 29, 2008 8:24 AM

Secured Credit Card for a Business, Welcome

Tell us more. Go to Members page and share some info.

Thanks

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Fortis 239 posts since
Jul 24, 2008

2. Re: Secured Credit Card for a Business Oct 29, 2008 9:27 AM

From a lending stand point though secure credit cards are generally a red flag of troubled history. Have you considered talking to a credit repair company? We dont offer that service but have been using a good company for clients for years. If your interested send me an email.

Thanks

Collin
Fortis Capital
cobringer@gofortis.com

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Dereshki 44 posts since
Nov 29, 2007

3. Re: Secured Credit Card for a Business Feb 15, 2009 6:22 AM

Hello
If you build your credit for your business you can get UNSECURED business credit card. I got it without personal credit scoor.

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ForumsFinancing Tips

This Question is Possibly Answered

Secured Credit Card for a Business

Oct 29, 2008 5:21 AM

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