ForumsFinancing Tips

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 2 "helpful" answers available (4 pts)
1 2 3 Previous Next
Post a new topic
Click to view token88's profile Mogul token88 38 posts since
Oct 13, 2008
30. Re: Want to build business credit, STAPLES turned me down Mar 31, 2009 10:19 AM
in response to: sharonvt55
LLCs are relatively new and that is why when someone applies for credit they are turned down. My friend had the same problem with his LLC as well. if you are looking for help email me at alexmartinez.1@netzero.net
Report as inappropriate
Click to view ONE.COMPANY's profile Professional ONE.COMPANY 8 posts since
Feb 11, 2009
31. Re: Want to build business credit, STAPLES turned me down Mar 31, 2009 12:32 PM
There was a time when Staples/Citibank issued a business line of credit with just a EIN/TAX ID, corporation documents, business documents and a business contact number. With the "credit crunch" they have tightened the criteria. Now, if you apply for their business line of credit, you will have to have a few trade lines or accounts reporting on your business credit profile with Dun and Bradstreet or Experian. The best way for you to establish your business credit profile is with "net accounts" that report to Experian and/or Dun and Bradstreet. Although at times Citibank utilizes Dun and Bradstreet, Experian has more weight though when it comes to them running a business credit check.

Depending on your business position, you may or may not want to fork over few hundred dollars for a credit builder program. In many instances, a basic profile with tradelines can be accomplished on your own. And if you are a business owner, then it should not be too difficult.

There is a guide available that can assist you in establishing your business credit profile for less than most "value meals". Email me if you would like some more specifics or download the guide.

Email - contact@cardaspublishing.com
Website - www.cardaspublishing.com
Report as inappropriate
Click to view ONE.COMPANY's profile Professional ONE.COMPANY 8 posts since
Feb 11, 2009
32. Re: Want to build business credit, STAPLES turned me down Mar 31, 2009 10:43 AM
in response to: sharonvt55
Corporations, LLCs are the ideal way to begin establishing a separate business credit profile. And even in todays economy there are companies that are willing to extend a few hundred dollars worth of trade credit. But your "paperwork" must be in order. At less than a year old, your company can begin the process of establishing business credit. Patience is a key point here also. It is going to take time to establish your basic foundation for business credit. Done properly yu can probably have a few tradelines reporting within 2 to 5 months. Just having a Duns number won't help. You need trade accounts reporting. And when you do have a few reporting, at a certain level, you will not have to personally guarantee certain tradelines.
Report as inappropriate
Click to view ONE.COMPANY's profile Professional ONE.COMPANY 8 posts since
Feb 11, 2009
33. Re: Want to build business credit, STAPLES turned me down Mar 31, 2009 11:08 AM
in response to: ONE.COMPANY
If you would like a guide on how you can establish business credit on your own go to this website:

www.cardaspublishing.com
Report as inappropriate
Click to view mike2all's profile Professional mike2all 7 posts since
Apr 15, 2009
34. Re: Want to build business credit, STAPLES turned me down May 2, 2009 9:37 PM
in response to: ONE.COMPANY
i can help (coach) anyone build business credit for their business w/tax id only....building credit for a business is like climbing a flight of stairs....you have to walk up the steps until you get to the top floor (bank financing).....it sounds like the person that started this thread tried to take the elevator insted of using the stairs...BUT IF YOU WANT TO BUILD GOOD BUSINESS CREDIT WITH THE SAME TAX ID NUMBER...STOP USING THAT TAX ID NUMBER TO APPLY FOR BUSINESS CREDIT ......UNLESS YOU ARE WILLING TO TAKE THE PROCESS ONE STEP AT A TIME FROM THE GROUND....if you want my help (credit coaching) .....i wont charge you 2500......email me at mhardnett@titanicmgmt.com for pricing...
Report as inappropriate
Click to view BizSolutions's profile Mogul BizSolutions 63 posts since
Jan 11, 2009
35. Re: Want to build business credit, STAPLES turned me down May 6, 2009 2:22 PM
I can offer some suggestions for you. Please email me at Monique@accuratefinancial.info
Report as inappropriate
1 2 3 Previous Next

More Like This

Most Recent Forum Posts

ATTENTION! If it's FREE would you use it?
4 hours ago

Craislist or Backpages - Which is Better?
6 hours ago

Need Help on Outsourcing? Call or Chat with Us
6 hours ago

I want to open a bakery
12 hours ago

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read