September 16th, 2006 | 
Author: 
Ron Lerman asked:
Obtaining credit for your business is very achievable. It is possible to obtain credit under the business name without the use of your personal credit score or guarantee. At the same time this does not mean that you never have to use your own credit or personal guarantee.
An unsecured line of credit for a small business has its own requirements when it comes to providing a credit check or personal guarantee. Most companies will grant credit directly to the business, without the need for a credit check or guarantee. The credit grantors are willing to take risks on the business because their target market is the start-up or small business owner.
There is almost always a credit check on a business, personal credit check and guarantee. This however, does not mean that it will show on your own credit report. The ability to have loans and credit for your business that don’t show on your credit report helps your credit score and ability to obtain future credit. In fact, many of our clients have obtained over $1,000,000 in business credit that doesn’t show on their own credit reports.
One area looked at frequently for loan approvals is the DTI or Debt to Income ratio. Two others are the available revolving credit and the amount of credit outstanding. By using your businesses credit that only shows up on a business report and not your personal report you help the ratios and improve your chances of obtaining more credit and access to capital when you need it most.
Banks Business Loans
Obtaining credit for your business is very achievable. It is possible to obtain credit under the business name without the use of your personal credit score or guarantee. At the same time this does not mean that you never have to use your own credit or personal guarantee.
An unsecured line of credit for a small business has its own requirements when it comes to providing a credit check or personal guarantee. Most companies will grant credit directly to the business, without the need for a credit check or guarantee. The credit grantors are willing to take risks on the business because their target market is the start-up or small business owner.
There is almost always a credit check on a business, personal credit check and guarantee. This however, does not mean that it will show on your own credit report. The ability to have loans and credit for your business that don’t show on your credit report helps your credit score and ability to obtain future credit. In fact, many of our clients have obtained over $1,000,000 in business credit that doesn’t show on their own credit reports.
One area looked at frequently for loan approvals is the DTI or Debt to Income ratio. Two others are the available revolving credit and the amount of credit outstanding. By using your businesses credit that only shows up on a business report and not your personal report you help the ratios and improve your chances of obtaining more credit and access to capital when you need it most.
Banks Business Loans
About Wade Henderson
Wade Henderson: Domestic and International Business Finance since 1995 specializing in challenge situations. "We prefer to find a way to get your loan done as opposed to finding a reason to turn it down.” Connect with me on Google+
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