I formed a C-Corp 5 years ago. I learned to leverage 12โ18-month 0% credit cards to buy small real estate deals that generated income to pay those credit cards off.
Hi Shania , I have built a relationship with a couple of banks that offer personal guarantee business credit and/or Business lines of credit. I would be glad to share that with you. The good news is one of these banks are finally building a branch in the Augusta area. What type of business is the C-Corp ?
I have excellent credit. 771 785 777 and I have an S Corp which was set up in 2017 with tradelines, 80 paydex, etc. When I apply for business credit cards, either I get denied or I get a small limit approval. I wonder what's the deal? Anyone? TIA
@Tobi Rosario that's correct the profile is what the loan officer is looking for. This consists of monthly account cash flow, age of credit and payment history. The good news Lenny is your Personal credit is good enough to guarantee business credit cards. Providing the right profile when you set up the bank account is paramount to your success at being offered low introductory rates or high points.