Are you recently unemployed? Has being unemployed limited your ability to get credit cards, store credit, auto loans etc?
If you answered yes to any of the above questions the be sure read read this article.
With Corporate Credit, you can get credit regardless if you have a job or not. The nice part about business credit, is it does not require any type of proof of employment. You simply take the time to build credit for your new company and apply for the credit you need with the companies business credentials. Of course you will first need to incorporate yourself, and this is free here: incorporate.
Business name, type of entity such as an LLC, or Corporation , the type of business it is, online business, real estate property manager, book keeping services,etc. EIN #, address, phone number. These are the type of conditions that the lenders will want to see before extending credit to a new or existing business.
Once you establish business credit, you can then open your business. Many people think you need to have an existing and operating business to get corporate credit. This is simply not true. Many lenders will approve credit applications based solely on the Paydex score of the business. the idea here is to apply for smaller credit then work your way up the ladder. This positive pay history must be reported to the 3 major business credit bureaus before you can apply for the next level of credit. Having a good business credit service makes this easy. And the tracking of the obtained credit, and the green light to head to the next round of credit becomes a breeze.
Loans for the unemployed are almost impossible to get. So why put yourself in a category that is
an uphill battle. Establishing business credit is easy when you have the right system with the right team helping you every step of the way. Keeping you personal credit separate from you business is another good rule to adhere to.
So in the future when you unexpectedly find your self unemployed, or struggling with a debt problem you may find it nice to rely on a bit of good business credit for your full or part time business to allow you the opportunities that being a small business owner can offer. You will also find some of the best unsecured loans , no credit check out loans and cheap loans out there with Corporate Credit.
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