Starting to Build Business
A business starts building a brand new credit profile much the same as a consumer does. The business starts with no credit profile. The business gets approved for new credit that reports to the business credit reporting agencies. The business uses the credit and pays the bill timely. A positive business credit profile is established. As the continues using the credit and pays bills timely it will qualify for more credit. When building an initial profile it's ESSENTIAL that you meet credit issuer's criteria. Remember, your personal credit isn't being used for approval. And you have NO yet established. This means what's on your APPLICATION is ALL that'll be looked at for approval, so your application must be very strong to assure approval. If you truly want to separate business credit from personal credit your business must be a separate legal entity not a sole proprietor or partnership unless you have a separate business entity (Corporation or LLC) you might be ...