Tuesday, November 17, 2009

Are small business credit cards hard to qualify for?

I am about to start my own LLC and need a small line of credit. Instead of trying to get a business loan, I was thinking of a small business credit card. I only need about $5000.00. Does anyone know how long a company needs to be in business to qualify for a decent small business credit card?

Are small business credit cards hard to qualify for?
I have heard two years, but I got one after a year or so. Be prepared to enter personal information, too. That can help your chances of getting approved.





There are some good FAQs here:


http://www.e-wisdom.com/credit-cards/bus...
Reply:You will qualify for a business card only if your business is listed in the business credit ratings (I can not for the life of me think of it right now) similiar to your personal credit reports.





If you are "about to start", then you can forget about getting it in the LLC name, your own credit reports will be pulled and based on that information you may or may not get a credit card.
Reply:not very long from experience. A couple weeks but it depends on your personal situation. It's a good idea though because the business card gives you points so...
Reply:First try the bank where you have your account, then try a small local bank who gives SBA loans.....





Then try bank of america.
Reply:Dear friend,


Always remember that any business credit cards are more


difficult to get approved than personal credit cards, because


for personal credit cards, the bank is convinced with your


monthly income or even with your personal savings bank


account but for any business credit card, the bank needs to


see the performance of the company and at times the profit


and loss a/c or the balance sheet etc.


It is advisable, if in the event of business credit card taking


long to be approved, get a personal credit card and use it


for the same purpose.


If you need ladies items, you may visit this Yahoo hosted site


magnetic-jewelry-fashion.com and if you can sell these


products, you may contact them for wholesale prices.


Best wishes for your business.
Reply:It wil depend upon bank

shoe care products

No comments:

Post a Comment