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How to Become a Credit Counselor
How Can a New Immigrant Build Their Credit?
How to Build Credit for a Young Adult
How to Build Your Credit in 60 Days
How to Build a Business Credit Profile
How to Build Business Credit With No Personal Guarantees
How to Build Your Credit Back Up From Chapter 7
How to Build Unsecured Lines of Credit
Building Corporate Credit
How to Build Corporate Credit Through Separate Divisions
How to Build Corporate Credit Without a Personal Guarantor
How to Build Corporate Credit Using a Dun & Bradstreet Account
How Long Does It Take to Build Good Credit?
How Kids Build Credit
How Is a Credit Score Determined?
How Do Lines of Credit Work?
How Long Do Bankruptcies Remain on Credit?
How Long Does Information Stay on a Credit Report?
About Credit Repair
About Credit History
About the Fair Credit Reporting Act
About Credit & Buying a Home
How to Obtain Credit Reports
How to Compare Consumer Credit Counseling Services
About Equifax Free Online Credit Reports
About Consolidated Credit Union
About Consolidated Credit Counselors
About Credit Scores
About Consolidated Credit Counseling Services Scams
Clean up Your Credit Report
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Summary: Building business credit with no personal guarantees requires accruing a small amount of credit card debt, getting a small government loan and paying each off in a timely manner. Gain credibility with the bank as a new business with information from a financial manager and currency trader in this free video on finance.
Roger Groh is the founder of Groh Asset Management. He manages portfolios for many types of customers, including customers seeking growth, income, stability or international customers.read more
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"I'm Roger Groh. We're here today to talk about how to build your corporate credit history without any personal guarantees. Well think from the banker's point of view, if you have a startup company and you have no revenue, no history and you're an unknown, a banker is probably not going to feel very good about giving you money because they want to know how they're going to get paid back and they don't know. So in the past, they've demanded that you, a key person in that company could be an owner, could be an officer, but a key person in that company would have to guarantee the note so that is the company didn't pay it, you were obligated to. The question is, how can you do, how can you build credit history without in fact signing a note? Well think small in the beginning. You can usually get a credit card even a small one for 500 dollars or a thousand dollars in the corporate name. Try that first. Second thing is, get a government loan. Again, very small government loan and where the government will guarantee the payments on it, maybe an SBA loan as an example and make your payments on time and the goals in there are really not to use that money, but to make the payments on time so that you have a credit history with no personal guarantees that you can show to a banker when the time comes to really borrow money. When you need to expand, when you need a new office, when you need new employees, whatever it might be. That's how you build business credit history with no personal guarantees. I'm Roger Groh."
eHow Article: How to Build Business Credit With No Personal Guarantees
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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