Business Lines Of Credit

I have four business accounts:

Dell
Office Depot
Staples
Exxon

If I were to use my Exxon for half business and half personal, is that illegal? What are the stipulations on using your business credit for personal credit and writing the expenses off on your taxes? This will be the first year that I am doing real business. I just want to make sure I am doing everything right.
I have a legitimate business with a Tax ID Number and I do have one client so far. The only major purchases I have done is bought a new Dell computer for my home/office. Also, I have bought some office supplies but that's about it.

your home office has new, complex, laws. check with your accountant on how he/she wants you to document usage.
as for you business credit accts. you may use any/all you want for personal legally. it only becomes illegal when you try to claim them on your taxes-that's when IRS can come calling.
depending on your business type. these personal expenses could be calling on prospective clients, gas/mileage, office supplies, meals (with client), etc. just document everything. in many instances it is not how proper you are as how proper you appear. if it looks legit then IRS flags will not be raised. this leaves you with only the random audit.

2007-10-03 06:53:52 by Hoping he will bless me with #1

www.CashFlowInstitute.com Need business line of credit up to $300K? Unsecured business loans are waiting for you! Business credit lines &amp ...

I was wondering if someone knew of someother companies that gives trade lines of credit without a personal gurantee? I have a small business and I'm trying to build my paydex score. Some companies are charging a large fee to supposedly give you acess to these companies. I already have places like kinkos but I'm looking for some others.

Building your company DNB Paydex Score is a very important step that most business owner miss out. At our office we see small business owner obtain $35,000 and more in business credit lines through the use of their Paydex Score (typically 75 and higher). A business can grow the Paydex Score and obtain credit lines along the way simply by hiring a professional mentoring service.

Begin your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) through the search engines and you will see that the Trade Line List (otherwise known as a Vendor List) is available for $400-$900.



Good luck.



Ilya Bodner
Small Business Owner
Initial Underwriting Group

2008-01-31 18:18:41 by D bo

Price: $5.95 $5.95

I'm looking to open a business line of credit and was wondering which banks I should target. I live in South Eastern Michigan.

Washington Mutual

2007-05-24 09:53:15 by OldMan SVT

Price: $399.99

25 ppm, 50 ipm scan speeds scans both sides of one sheet in just one pass.
75-page Auto Document Feeder.

We are in need of $25,000 - $30,000 for working capitol for our 14 year old business. Are banks doing business lines of credit?

I still get mailed solicitations from Wells Fargo for a business line of credit about every other month.
My credit union has told me they would be happy to extend one also.
Capital One sends almost monthly invitations to apply for a business Visa.
So, there are lenders eager to lend.
I would start with the bank where you keep your business checking account.

2009-01-15 14:07:15 by bgh_1948

I currently have four business accounts (Dell, Staples, Office Depot and Exxon). I would like to get a business line of credit or credit card without a personal guarantee, so I can eventually have a business profile under my company name. All of my credit cards are in good standing. But I don't want to have my personal debt tied in with the business debt.

I keep getting offers from Advanta but they ask for the Social Security Number for the business owner. Where can I go to get business credit solely based on the company's Tax ID Number? All of the other credit card accounts were obtained this way.

Do you have any suggestions?

Business credit cards come with a variety of reward options. Travel rewards, stay in hotel, cashback, savings on courier services etc. are some of them. The type of your business and services you require can be compared with various business credit card offers and the most suitable credit card can be applied for.

More money when you need it most

Business credit cards are specially designed to cater to large funding requirements of businesses. The credit limits on business credit cards are higher than normal credit cards. So, you are doubly sure to get that large expense properly handled without any anxiety.

Easy application process

If you have an established business, business credit cards are very easy to get. Small businesses or fresh startups need not worry here, because credit card companies are equally eager to give business credit cards to companies with good prospects and to those who show promise. So, even if you are just starting, you can get a business credit card.

Expert business help

Business credit card issuing companies have established a good online help archive with expert advice on how to run your business in a more productive way and to achieve the maximum. If you have any kind of problem it is very easy to tap into this knowledge pool and help yourself. Check out a list of popular business credit at: http://www.credit-card-gallery.com/Busin ess_Card.html and apply online according to your choice.

2007-10-04 19:32:08 by Hoping he will bless me with #1