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How to build business Credit with out a Personal Guarantee

Discussion in 'Business & Tax Advice' started by CenTex Hosting, May 12, 2010.

  1. CenTex Hosting

    CenTex Hosting Jr. VIP Jr. VIP Premium Member

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    I wanted to see if there is any interest on how to build your business credit with out a personal guarantee here on BHW.

    No I am not going to try and sell you anything. I just have a process that if you follow it you can start to build credit in just your Business name. I wanted to see if there is any interested. Before I start putting it together and putting up here on BHW.



    Yes this is 100 % legal no black hat to it.


    If we have enough people saying they are interested I will put the first section up this week.

    Billsboardonline
     
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  2. OnlineMom

    OnlineMom Newbie

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    I would be interested!
     
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  3. oxonbeef

    oxonbeef BANNED BANNED

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    I would find it interesting however every country has different financial qualifications.
    Would your method work in other countries other than your own?
     
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    Last edited: May 12, 2010
  4. bom75

    bom75 Registered Member

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    I am interested.
     
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  5. gsmktg

    gsmktg Registered Member

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    interested too, have been thinking about starting a real business so pelase do post!
     
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  6. MagicMike

    MagicMike Power Member

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    Yes, definitely interested... would like to see your information... thanks!
     
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  7. iluvvegas

    iluvvegas Regular Member

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    me tooooo!!! interested!!! all the bells and whistle's of how to do this... would be very interested!
     
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    Last edited: May 12, 2010
  8. danadams27

    danadams27 Newbie

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    Me Too...I just Inc.'d a few months back so I'd be interested in this.

    I wouldn't get approved for a BBQ with my credit so the business name might help.
     
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  9. renkman

    renkman Newbie

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    Yeah I'd be interested in this.
    Posted via Mobile Device
     
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  10. CenTex Hosting

    CenTex Hosting Jr. VIP Jr. VIP Premium Member

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    OK it sounds like this is needed. I will go ahead and get this worked up. This is not an over night solution. This is the real way to build your business credit. On what they are looking for how they check different locations.

    You will be setting up real accounts with different suppliers of products placing orders and so on. By the end of the year you will have credit cards for home depot, visa or mastercard, open line of credit are just a few.

    I will get the first part of the post ready to go.

    Billsboardonline
     
  11. suave

    suave Regular Member

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    I would like to be part of this, I think its time to start creating a credit line for my company specially if this is whitehat
    Regards
    Eddie
     
  12. CenTex Hosting

    CenTex Hosting Jr. VIP Jr. VIP Premium Member

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    yes nothing blackhat about it. I used to work for Dun and Bradstreet so I know how the credit system works which companies report that will give you a score. Which companies that you need to apply to first.

    Even know the companies that ask for a personal Guarantee and you can leave your SS# off and still get appproved.

    Billsboardonline
     
  13. corvettespeeder

    corvettespeeder Regular Member

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    Yes, I am actually looking into this right now. I have a corporation and my personal credit sucks. So I would love to figure out a way to make this happen. I wonder if I would be able to buy a house with my business credit.
     
  14. C.S.A.

    C.S.A. Junior Member

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    The old artofcredit boards (may they RIP) had a lot of good info on this. Creditboards.com also has a bunch of useful info.

    I'll be interested to see how your method differs from the standard "apply for dozens of reporting LOC's, order one or two things, wait 6 months" approach.

    If you've got a few favorite reporting accounts, I'm all ears - the lists on creditboards seemed a bit out of date last I looked.
     
  15. lawton

    lawton Jr. VIP Jr. VIP Premium Member

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    I'm going to follow this also, I would be interested in finding out the method
     
  16. myroto83

    myroto83 Newbie

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    Wow, I was just speaking to my partner about not being able to scale because of credit limitations, this is just what I was looking for! Looking forward to the process.
     
  17. CenTex Hosting

    CenTex Hosting Jr. VIP Jr. VIP Premium Member

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    ok I have started the other thread on how to start building your credit please go here and get started.

    Code:
    http://www.blackhatworld.com/blackhat-seo/business-tax-advice/199238-how-build-business-credit-out-personal-guarantee-guide.html#post1770477
     
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  18. lehpet

    lehpet Registered Member

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    YES! :flowers:
     
  19. innovalist

    innovalist Supreme Member Premium Member

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    It would be amazing if you could build your business credit online... how could that be done?
     
  20. CenTex Hosting

    CenTex Hosting Jr. VIP Jr. VIP Premium Member

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    One of the first things that you need to do is set the company up as an LLC or a COPR. after you do this you will need to get an EIN and a DUNS number.

    Brady