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1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)

6 Replies Last post: Dec 21, 2007 4:07 PM by barbnett

Business lines of credit using your EIN only.

Dec 19, 2007 9:18 PM

barbnett 6 posts since
Dec 19, 2007

Are there truly lenders and credit card companies that will give a new business a line of credit using the Company's EIN only?

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LUCKIEST 7,935 posts since
Aug 6, 2007

1. Re: Business lines of credit using your EIN only. Dec 19, 2007 9:26 PM

Yes, but BE CAREFUL. Try Googling "new business a line of credit using the Company's EIN only"
Good luck, LUCKIEST

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CorpCons08 1,128 posts since
Nov 14, 2007

2. Re: Business lines of credit using your EIN only. Dec 19, 2007 9:31 PM

I hate to contradict LUCKIEST, but business loans/lines have a "personal guarantee" no matter if you use your companies EIN or not.

CC08

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Unsecured 4 posts since
Dec 19, 2007

3. Re: Business lines of credit using your EIN only. Dec 20, 2007 1:07 AM

in response to: CorpCons08

That is where your wrong. There are lenders (rare but out there) that do not require personal guarantee on the loan/line. Businesses that have been in business for 2+ years with business owners showing good credit history (however the line or loan will not show on personal credit report, but used for evaluating credit worthiness) could get lines of credits/ loans without personal guarantee.

I HAVE THOSE PROGRAMS, NO JOKE

contact: joevasallo@yahoo.com

full disclosure docs
checkout www.ezunsecured.com for more info.

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CorpCons08 1,128 posts since
Nov 14, 2007

4. Re: Business lines of credit using your EIN only. Dec 20, 2007 1:09 AM

in response to: Unsecured

True, they are rare and I agree with you on that.
The only thing that is still important to realize which you stated is that the personal credit history is still reviewed during underwriting.

CC08

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Unsecured 4 posts since
Dec 19, 2007

5. Re: Business lines of credit using your EIN only. Dec 20, 2007 1:14 AM

in response to: CorpCons08

Of course they use it for underwriting, it is coming from a bank, it is NOT hard money but these debts will not affect personal credit rating.

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barbnett 6 posts since
Dec 19, 2007

6. Re: Business lines of credit using your EIN only. Dec 21, 2007 4:07 PM

in response to: LUCKIEST

Thank you Luckiest. I will give Google a try.

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This Question is Not Answered

Business lines of credit using your EIN only.

Dec 19, 2007 9:18 PM

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