“Ok, there is all this talk about business credit, but why shouldn’t I just keep using my social?”
I cannot tell you the amount of times that I have seen business owners apply for, and procure loans using their social security number. When you get a new loan it lowers your personal credit score and raises your Debt to Income. By putting business debt onto your personal credit profile you risk losing everything you own should the business close, and you are not protecting your other assets. Risk management is an invaluable service we provide. When a business closes and the owner is left with a huge amount of debt because he or she did not establish business credit it usually ends with a bankruptcy. Call one of our representatives today to find out how business credit can help you!
Business credit uses an EIN number and personal credit uses a social security number.
RTS Credit Solutions List of Available Credit
Net 30 Merchant Accounts, National Hardware Store Line of Credit, Gasoline Card, Electronics Store Credit Card, Printing Company Line of Credit, Automobile Lease, Computer Equipment Line of Credit, Department Store Credit Card, Business Equipment Lease, Major Credit Cards, Computer Company Credit
Rome was not built in a day!
This is a major undertaking and a responsibility that all companies should start doing right away. You cannot expect to walk in and get $250,000 right away. It is a stringent process that few understand. You simply must establish a corporate credit score, and the sooner you start the faster you will have one. You can expect to have a score in less than six months, and have commercial lines in as little as twelve months. If you try to do it yourself it can easily take four years. We have made the process easy to understand. In essence, we have taken a freight train and condensed it down to the size of a VW Bug for the small business owner.
If you have never heard of business credit you are like 97% of the business owners out there. There is no school, trainer, magazine, etc., that teaches this process like we do. The creditors simply do not want you to know you can get credit without giving them the farm!
