Time for Step 5. After just a few months of building your business credit profile in steps 1-4 you will then have multiple trade lines reporting on your business credit report and then be ready to secure larger lines of credit. These lines of credit can be secured without a personal credit check and without a personal guarantee so say good bye to personal liability and hello to a real corporate credit profile that can securely build your business.
You may begin with some revolving “starter” accounts with such well known retailers such as Home Depot, Staples, Shell, Chevron and then as these accounts report to your business credit reports you will then progress to larger lines of credit with limits from $2,000 to $25,000 with Costco, Dell, Amazon, BP, Chevron, Apple, and many more. In step 5 it is common to see approval limits that are much higher than they were previously in step 4. As you show responsible usage of the limits they can be increased and your score and reputation will continue to grow.
Again remember the power of business credit as these lines of credit will have been obtained without a personal guarantee or using the social security number of the business owner. Some of these lines of credit are regular business credit cards that can be used at any location to buy anything business related. Don’t forget you didn’t use your personal credit to secure these loans and if something goes wrong with the business you will not be affected personally. Peace of mind is priceless. On top of all this we offer a $50,000 guarantee that you will be approved for at least $50,000 in business credit, and this guarantee applies regardless of your personal credit condition. Step 5 truly helps you harness business lending power!