Banks Business Credit card / line of Credit options secured / NO credit check?
Question:
This question is amid at the banks/ financial for business. I am a small business, not looking to provide lenders with financial / tax fillings. ( why - the past two years I have been doing the business as part time and file little business income ) I am looking for a business line of credit or a business credit card, my business has no credit history and I am looking to secure it with cash - I prefer no personal credit check ( I do have good credit ) I am just having some extra funds and prefer to secure it. Based on this information I am almost unable to find any lenders in Canada to help ( how ever in the US secured business credit is dime a dozen - just not in Canada. So the run down is I am looking for a secured business line of credit / business credit card with very Little questions asked or providing extensive financial / tax papers/ and preferably N0 credit check Any advice from the industry ?
Answer:
The first question is what are your long term goals? If you simply want one card try Wells Fargo bank they have a very good secured business credit card.
If your goal is to eventually obtain larger lines of credit or loans I suggest that you
1) open business accounts with both Wells Fargo or Bank of America they both have secured business credit accounts
2) Open a secured credit card with Wells Fargo and a secured line of credit with Bank of America.
3) Both will be excellent sources to help build your business credit profile
For Additional information
DaJuan Tircuit
http://businesscredit.wordpress.com...
www.rhemafundingsolutions.com
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