Answers
Questions is based on Canadian banking =
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 ?
My best perspective is Vancity Business Visa gold, secured. ( The regular card is not securable - ) The only bad point about this lender is that I do not need the gold card, its $ 99 a year. $ 20 is ok. all other lenders for Visa & MC business in Canada seems to be heavey on the paper s of the business - Help ? The limit I am looking for is $ 2000- 6500 Canadian
Only looking for information in Canada,
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
10stepmoney.com With Business Credit Tips On Business Lines Of Credit and Business Credit Cards. See 10stepmoney.com For More Information Now!
Hi, Please help me...
I need banks and credit card companies that loan business credit line to small businesses. I need all bank names/sites...plz reply
You can get few idea's from this site....
http://www.biot350.com/home-based-busine ss-opportunity.php
We applied at the end of Sept. and broker is saying banks are being silent on applications. Anyone else in the same boat?
go to keybank for unsecured line of credit up to 100k with no pg! (must be in busines for 3 years and have financas. If you don't have finacials you can do level 3 accounting if you are wiling to pay the tax!)
Im looking for applications to banks that offer a business line of credit of $25,000 or more.
All major banks off credit in excess of 25k. That's peanuts to banks.
HSBC, Bank of America. You can do some search on yahoo to find out more.
To know more visit
http://creditcardbiz.blogspot.com
and
http://onlinepaymentoption.blogspot.com
Small Business Credit Card – Keeping Business and Personal Separate
It can be a challenge for small businesses to acquire the proper funds they need to set up shop and/or to keep it running smoothly. It is also difficult to keep business and personal accounts separate and to build business credit. As a new business owner, a small business credit card might be just the thing you need. If you have an established business, than a business credit card may be a convenient way for you to manage your cash flow or provide emergency funds when your money gets tight.
Personal Liability For Corporate Spending
Lenders are not quick to give lines of credit or business credit cards to new start-ups and small business that do not have an established business credit history. Banks use your personal history when considering you (and your business) for credit. You will be personally liable for all spending using your business credit card and reports will be made by the three consumer credit agencies (Equifax, Experian and Transunion), rather than business credit agencies.
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