whats the easiest business credit card to get????? also whats one that will not ask me for MY ssn number???????
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Easiest business credit cards?????
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Most of them will ask you for the SSN/SIN (SIN - Social Insurance Number in Canada). Try Capital One`s Small Business Card.
-------------------------
Daniel the Denim Doctor
-------------------------
Daniel the Denim Doctor
If you do not live in Canada, how is this possible? The easiest lines of credit with a business account is Staples.
If you do not live in Canada, how is this possible? The easiest lines of credit with a business account is Staples.
yea, i have staples already ... but i have a list of things that was also suppose to be easy to get but it seems like they are also making it harder for you to start credit.... any other places that may be easy to get
I found this online from another forum that I think can help many people.
Establishing business credit is tough, especially for a new business. But remember: It CAN be done, and it`s easier than you think. Follow these steps, and you`ll be on your way to an excellent credit profile.
Here is what I have learned:
~Set up a Corp business. Smart to protect yourself and the only type of business that allows you to keep your business credit and personal credit seperate. LLCs and Sole are okay for contract work or property investment, but you still should get a Corp to manage them.
~Once you get your EIN, through registrastion, set up your business phone. You will need to make sure it is at an address not the same as your home (because it is not looked upon favorably by the lending world) and the phone will need to be registered in the 411 directory. Quite a few have had success with calling the local phone company and getting a call forwarding number. It is a business number that automatically forwards to any desired phone. Make sure it will list with 411 before signing up however.
~After receiving your first phone bill, go to www.staples.com and fax in copy of application along with copy of phone bill to apply for business credit. Use professional letterhead for coversheet. You should receive the standard $750 credit line with no personal guarentee (herein referred to as "PG").
~Also during this time go to www.dnb.com and register your business to receive a D&B number. It will take 30-40 days to receive it in the mail. If you want to establish business credit sooner, you can pay for the credit builder ($399), but it`s not required. After you have at least 5 business accounts reporting, you`ll receive a paydex rating (similiar to FICO for personal credit).
*REMEMBER - a paydex score will only take into account your payment history. Unlike personal credit, this is counted in days. For example, if you pay your invoices 14 days late, it will be reported as such. If you pay your account off before the statement or invoice comes, it will be reported as such. The bottom line: Pay your invoices on time, and you will get a better paydex score.
~Set up the following business accounts, and make at least one purchase, you want to pay this off BEFORE the first statement hits:
*1. UPS - www.ups.com
2. FedEx CONTACT Revenue Services Department 1-800-622-1147 press 4 then 1
3. Barnes & Noble CONTACT Purchase order department 1-212-414-6000
4. Quill Corporation 100 So Schelter Lincolnshire, IL 60069 CONTACT Credit Department 1-800-634-3090
*5. Viking 8200 East 32nd St No. Wichitas, KS 67226 CONTACT Credit Department 1-888-454-5457
6. Rapid Forms 301 Grove Rd Thorofare, NJ 08086 CONTACT Billing Departement 1-800-257-5287
*7. Nebs - www.nebs.com
*11. Office Depot www.officedepot.com Apply online
(*- Really easy to get)
~Need a cell phone? Once you have a EIN and D&B# apply for a business account. Usually T-Mobile is the easiest to get credit with, but I`ve heard that Sprint, cingular, and Verizon are easy to get as well. Nextel? Good phone, but you have to jump through a lot of hoops, and you usually have to put down a deposit.
~If you have at least 30-45 days to use, the following companies automatically report to D&B creating your business file:
-FedEx
-UPS
-Staples
-Viking
-Nebs
-Office Depot
~Once you have a paydex score of 75+, you can apply for Lines of Credit (herein referred to as "LOC") or business Credit Cards without any sort of PG. The cards/accounts desired are:
Enterprise Rent a Car (Corp. Rental) www.enterprise.com
Wells Fargo Bank (Visa/Mastercard) www.wellsfargo.com
Bank of America (Visa) www.bankofamerica.com
American Express (Green/Gold) www.americanexpress.com
Chevron www.chevron.com
Mobil www.mobil.com
MBNA Bank www.mbna.com
Wells Fargo (Line of Credit) www.wellsfargo.com
Bank of America (Line of Credit) www.bankofamerica.com
Union Bank (Line of Credit) www.unionbank.com
Cal Fed www.calfed.com
United California Bank www.unitedcalbank.com
Most companies will not ask to see financials for loans of 50k or less.
I hope this helps, and I wish the best of luck to you in your pursuit of credit
Best Buy - Status; 1-800-811-7276
Borders (734) 477-1039 - Fax Application (877) 254-9229 - Status Update
BP/Amoco Status Update (800)365-6204
Chevron/Texaco Business Card Status Update (888) 243-8358
Citgo Fleet; (734) 477-1039 - Fax Application (877) 254-9229 - Status Update
Citi AA: 888-662-7759
Citibank Status:800-645-7240, 800-288-4653, 800-750-7453
Conoco - Status Line, automated 1-866-289-5622
Experian Business:888-211-0728
ExxonMobil Business Card(800) 903-9966
HD Commercial800-685-6691
HDMC Sondee 877-969-9030.
Home Depot MC:877-969-9039 (Sondee/Sedonia?)
Key Bank:800-254-2737
Lowes - Status; 1-800-445-6937
Lowes - Underwriter;1-866-232-7443
Lowes Fraud/UW: 800-444-1408
MBNA - 1-800-673-1044
Meijers MC (801) 517-5560
Office Depot - Staus Line, automated 1-800-767-1358
Office Depot;800-767-1358, 800-729-7744 automated line to check status.
Office Max - Status Line, atomated 1-800-283-7674
OFFICEMAX STATUS: (800) 283-7674
Philips 66: 866-289-5630, 800-610-1961
Phillips 801-779-7369
Radio Shack;1-800-442-7221
Sam`s UW:800-301-5546, 866-246-4282
Sears - Status; 1-800-599-9710
Shell Fleet Card Status Update(800) 223-3296
Shell: 800-223-3296, 866-438-7435
Shell; 800-377-5150
Staples - Status Line, automated 1-800-767-1275
Staples: 800-767-1291, 800-282-5316
Sunoco Corporate Card(800) 935-3387,(800) 278-6626
Sunoco: 800-310-4773
Target: 800-440-5317
Tiffany:800-770-0800
VALERO (800)324-8464 ACCOUNT STATUS
Valero;1-877-882-5376
Walmart;800-301-5546, underwriting 877-294-7548
Wright Express; 888-743-3893
These links will take you to the application page, or a page that has the application link on it.
• Amazon.com - www.amazon.com
• Best Buy - www.bestbuy.com - www.bestbuybusiness.com
• Citgo Fleet - www.citgo.com
• Conoco / Phillips 66 / 76 - www.conoco.com
• Dell Computers - www.dell.com
• FedEx / Kinkos - www.fedexkinkos.com
• Home Depot - www.homedepot.com
• HD Expo - www.expo.com
• Home Depot Master Card - www.homedepot.com
• Lowes Commercial - www.lowes.com
• Nebs.com - www.nebs.com
• Office Depot - www.officedepot.com
• Office Max - www.officemax.com
• Quill.com - www.quill.com
• Rapid Fuel - www.rapidfuel.com
• Shell Fleet - www.shell.com
• Staples - www.staples.com
• Sunoco Corporate - www.sunoco.com
• TechDepot - www.tectdepot.com
• TigerDirect - www.tigerdirect.com
• Uline - www.uline.com
• Wright Express - www.wrightexpress.com
Here is what I have learned:
~Set up a Corp business. Smart to protect yourself and the only type of business that allows you to keep your business credit and personal credit seperate. LLCs and Sole are okay for contract work or property investment, but you still should get a Corp to manage them.
~Once you get your EIN, through registrastion, set up your business phone. You will need to make sure it is at an address not the same as your home (because it is not looked upon favorably by the lending world) and the phone will need to be registered in the 411 directory. Quite a few have had success with calling the local phone company and getting a call forwarding number. It is a business number that automatically forwards to any desired phone. Make sure it will list with 411 before signing up however.
~After receiving your first phone bill, go to www.staples.com and fax in copy of application along with copy of phone bill to apply for business credit. Use professional letterhead for coversheet. You should receive the standard $750 credit line with no personal guarentee (herein referred to as "PG").
~Also during this time go to www.dnb.com and register your business to receive a D&B number. It will take 30-40 days to receive it in the mail. If you want to establish business credit sooner, you can pay for the credit builder ($399), but it`s not required. After you have at least 5 business accounts reporting, you`ll receive a paydex rating (similiar to FICO for personal credit).
*REMEMBER - a paydex score will only take into account your payment history. Unlike personal credit, this is counted in days. For example, if you pay your invoices 14 days late, it will be reported as such. If you pay your account off before the statement or invoice comes, it will be reported as such. The bottom line: Pay your invoices on time, and you will get a better paydex score.
~Set up the following business accounts, and make at least one purchase, you want to pay this off BEFORE the first statement hits:
*1. UPS - www.ups.com
2. FedEx CONTACT Revenue Services Department 1-800-622-1147 press 4 then 1
3. Barnes & Noble CONTACT Purchase order department 1-212-414-6000
4. Quill Corporation 100 So Schelter Lincolnshire, IL 60069 CONTACT Credit Department 1-800-634-3090
*5. Viking 8200 East 32nd St No. Wichitas, KS 67226 CONTACT Credit Department 1-888-454-5457
6. Rapid Forms 301 Grove Rd Thorofare, NJ 08086 CONTACT Billing Departement 1-800-257-5287
*7. Nebs - www.nebs.com
*11. Office Depot www.officedepot.com Apply online
(*- Really easy to get)
~Need a cell phone? Once you have a EIN and D&B# apply for a business account. Usually T-Mobile is the easiest to get credit with, but I`ve heard that Sprint, cingular, and Verizon are easy to get as well. Nextel? Good phone, but you have to jump through a lot of hoops, and you usually have to put down a deposit.
~If you have at least 30-45 days to use, the following companies automatically report to D&B creating your business file:
-FedEx
-UPS
-Staples
-Viking
-Nebs
-Office Depot
~Once you have a paydex score of 75+, you can apply for Lines of Credit (herein referred to as "LOC") or business Credit Cards without any sort of PG. The cards/accounts desired are:
Enterprise Rent a Car (Corp. Rental) www.enterprise.com
Wells Fargo Bank (Visa/Mastercard) www.wellsfargo.com
Bank of America (Visa) www.bankofamerica.com
American Express (Green/Gold) www.americanexpress.com
Chevron www.chevron.com
Mobil www.mobil.com
MBNA Bank www.mbna.com
Wells Fargo (Line of Credit) www.wellsfargo.com
Bank of America (Line of Credit) www.bankofamerica.com
Union Bank (Line of Credit) www.unionbank.com
Cal Fed www.calfed.com
United California Bank www.unitedcalbank.com
Most companies will not ask to see financials for loans of 50k or less.
I hope this helps, and I wish the best of luck to you in your pursuit of credit
Best Buy - Status; 1-800-811-7276
Borders (734) 477-1039 - Fax Application (877) 254-9229 - Status Update
BP/Amoco Status Update (800)365-6204
Chevron/Texaco Business Card Status Update (888) 243-8358
Citgo Fleet; (734) 477-1039 - Fax Application (877) 254-9229 - Status Update
Citi AA: 888-662-7759
Citibank Status:800-645-7240, 800-288-4653, 800-750-7453
Conoco - Status Line, automated 1-866-289-5622
Experian Business:888-211-0728
ExxonMobil Business Card(800) 903-9966
HD Commercial800-685-6691
HDMC Sondee 877-969-9030.
Home Depot MC:877-969-9039 (Sondee/Sedonia?)
Key Bank:800-254-2737
Lowes - Status; 1-800-445-6937
Lowes - Underwriter;1-866-232-7443
Lowes Fraud/UW: 800-444-1408
MBNA - 1-800-673-1044
Meijers MC (801) 517-5560
Office Depot - Staus Line, automated 1-800-767-1358
Office Depot;800-767-1358, 800-729-7744 automated line to check status.
Office Max - Status Line, atomated 1-800-283-7674
OFFICEMAX STATUS: (800) 283-7674
Philips 66: 866-289-5630, 800-610-1961
Phillips 801-779-7369
Radio Shack;1-800-442-7221
Sam`s UW:800-301-5546, 866-246-4282
Sears - Status; 1-800-599-9710
Shell Fleet Card Status Update(800) 223-3296
Shell: 800-223-3296, 866-438-7435
Shell; 800-377-5150
Staples - Status Line, automated 1-800-767-1275
Staples: 800-767-1291, 800-282-5316
Sunoco Corporate Card(800) 935-3387,(800) 278-6626
Sunoco: 800-310-4773
Target: 800-440-5317
Tiffany:800-770-0800
VALERO (800)324-8464 ACCOUNT STATUS
Valero;1-877-882-5376
Walmart;800-301-5546, underwriting 877-294-7548
Wright Express; 888-743-3893
These links will take you to the application page, or a page that has the application link on it.
• Amazon.com - www.amazon.com
• Best Buy - www.bestbuy.com - www.bestbuybusiness.com
• Citgo Fleet - www.citgo.com
• Conoco / Phillips 66 / 76 - www.conoco.com
• Dell Computers - www.dell.com
• FedEx / Kinkos - www.fedexkinkos.com
• Home Depot - www.homedepot.com
• HD Expo - www.expo.com
• Home Depot Master Card - www.homedepot.com
• Lowes Commercial - www.lowes.com
• Nebs.com - www.nebs.com
• Office Depot - www.officedepot.com
• Office Max - www.officemax.com
• Quill.com - www.quill.com
• Rapid Fuel - www.rapidfuel.com
• Shell Fleet - www.shell.com
• Staples - www.staples.com
• Sunoco Corporate - www.sunoco.com
• TechDepot - www.tectdepot.com
• TigerDirect - www.tigerdirect.com
• Uline - www.uline.com
• Wright Express - www.wrightexpress.com
Capital One is one of the easier credit cards to get and it is available in the United States and Canada!
RC,
Awesome bit of information you`ve added there, thanks very much for that. It`s a good resource.
Streamland,
I see what RC is getting at. Credit cards can be one of the more difficult credit products to be approved for. If you set up other lines of credit with service and product suppliers, that will be sure to report your account activivties, it will become incresingly easier to build your credit rating over time. And really not that much time either. These companies are a little more lienient with lines of credit because they are looking to hook you in as a long term customer (your business would actually be the customer), and they know that by giving you a line of credit for what they sell only, you will be sure to shop there.
Ciao
I have a business checking account with Washington Mutual as well as my personal accounts with them. They gave me a business line of credit. They offered it to me when I went in to deposit a check. It took 5 minutes and the card came in a few weeks.
Excellent Information. Have anyone actually went this route and receive a cash line of credit from a bank (not credit cards) ?
I am working with a company that is suppose to be doing all the steps describe above to get my new restaurant funded.
Raising,,
This is good information....
What I am wondering is if that applys to VOIP Also. I have vonage and I`ve been with them for almost 5 years.. same number same everything.
But... I don`t get a phone bill I can view it online and print it and that`s about it..
-------------------------
Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net
This is good information....
What I am wondering is if that applys to VOIP Also. I have vonage and I`ve been with them for almost 5 years.. same number same everything.
But... I don`t get a phone bill I can view it online and print it and that`s about it..
-------------------------
Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net
Well,
I established my Cell Phone Account with T-Mobile by using the company`s EIN So when I get the Bill it comes in as Hispanic Marketing Strategies Inc. Attn: Edgar Monroy..
So I know for a fact that it`s set under the Corp. I tried Verizon, Sprint, and Cingular They all wanted 500.00 deposits since I didn`t have Business Credit.
What you might want to do is: After you incorporate wait 6 months, open a merchant Account (Payment Gateway) and as long as you pay it off it shows like you have something revolving out there.
Also, once you incorporate do not Go over to Capital one and APPLY...
Wait for them to send you the invitations.
Once they have your information is much easier to verify it.
-------------------------
Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net
I established my Cell Phone Account with T-Mobile by using the company`s EIN So when I get the Bill it comes in as Hispanic Marketing Strategies Inc. Attn: Edgar Monroy..
So I know for a fact that it`s set under the Corp. I tried Verizon, Sprint, and Cingular They all wanted 500.00 deposits since I didn`t have Business Credit.
What you might want to do is: After you incorporate wait 6 months, open a merchant Account (Payment Gateway) and as long as you pay it off it shows like you have something revolving out there.
Also, once you incorporate do not Go over to Capital one and APPLY...
Wait for them to send you the invitations.
Once they have your information is much easier to verify it.
-------------------------
Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net
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