What is the cost for Building Corporate Credit

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What is the cost for Building Corporate Credit

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Gilberts

posts: 29

Mar 28, 2008 1:46 PM ET Quote Report Abuse

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Is there another way to build corporation credit beside paying $5,000 to a business credit building company?

The corporation is 17 years old but never had a business checking account, there has never been any revenue. All funding were paid from a personal checking account for research and development.

The corporation has a D&B number.

Gilbre

robertj

posts: 1458

Mar 28, 2008 5:34 PM ET Quote Report Abuse

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Gilbre:

The "best" way to build credit for a company is pretty much the same as personal credit. That is to have a payment history.

Are you looking to bring capital into the company?

-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Gilberts

posts: 29

Apr 04, 2008 11:12 AM ET Quote Report Abuse

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Yes Robert, in a few weeks I will need to have the finances to launch the concept we had discussed.

I would appreciate your opinion on the website I have been referred to. www.try.tc

The interest rate is interesting. What do you think?

Gilbert

robertj

posts: 1458

Apr 04, 2008 3:53 PM ET Quote Report Abuse

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Gilbert,

At first blush, what they offer is similar to many others, including Wells Fargo. It all depends upon:

1 Their criteria for approving any of the loans they list

2. The "cost" associated with the funds.

I`ll be happy to discuss the specifics - if you wish.

jwmoore78

posts: 22

Oct 23, 2008 7:05 PM ET Quote Report Abuse

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There are many places on the web that can help you to obtain a strong business credit score. Just do a google search for "strong business credit"

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