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Where can you get a credit card for your new business with its tax ID instead of your Social Security number? |
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Staples will
I would like to know that as well. The only thing I have been able to find out is you can pay ($200 or more) for a list of business and credit card companies that will extend credit to a business with no personal guarantee even if the business is new. I have been tempted to pay for that "list" then post it all over the internet.
The only business that I have found that will issue a credit card using the buisness TIN only is Staples.
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Business Credit is separate from Personal credit - that is important to remember as a small business owner. Many business owners, just like in this question, have bad credit but that is not to be confused with business credit. Just like Equifax reports credibility of an individual the business has a credit reporting agency that reports on its stability as well. The key is to get your business registered with the credit reporting agency so that lenders can feel confortable issues out loans, credit lines, or extended terms to the business. Bad credit or lack of credit is no longer an obstacle that prevents the small business owner from finding financing or funding their small business. Small business loans are available to those who have incorporated their business, have a corporate tax id and are willing to keep up their business profit and the business credit score.
A handful of companies help with that online right now, I suggest searching the web. That will allow you to view the companies that help with that service.
First answer by ID1061321738. Last edit by Ibodner. Contributor trust: 29 [recommend contributor]. Question popularity: 61 [recommend question]
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