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6 Replies Last post: Oct 18, 2008 1:52 PM by dclgraphics

Business lines of credit using your EIN only.

Dec 19, 2007 9:18 PM

Click to view barbnett's profile Start-up 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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Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
1. Re: Business lines of credit using your EIN only. Dec 19, 2007 9:26 PM
in response to: barbnett
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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Click to view CorpCons08's profile Mogul CorpCons08 1,128 posts since
Nov 14, 2007
2. Re: Business lines of credit using your EIN only. Dec 19, 2007 9:31 PM
in response to: barbnett
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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Click to view Unsecured's profile Professional 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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Click to view CorpCons08's profile Mogul 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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Click to view Unsecured's profile Professional 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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Click to view barbnett's profile Start-up 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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