Questions You Must Ask Before Working With Any Business Credit Building Company (#1)

Discussion in 'Growing and Managing a Business' started by TCCDepot, May 25, 2012.

  1. TCCDepot

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    Apr 30, 2012
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    Question #1
    "Will I be obtaining only trade credit or CASH credit?

    Be careful, there are a number of companies out there that will only help you obtain trade credit. Trade credit can only be used with the individual creditor, and nowhere else. This is great if you need $3000 of paper products, but is useless if you need money to invest, cover business expenses or expand your company.

    And if it is CASH credit, will I always need to personally guarantee the application?"

    If the company says you will always have to personally guarantee all types of credit -- then you are NOT receiving the full benefit of business credit. Keep in mind, our solution will introduce you to lenders who will not require a personal guarantee, however these vendors will still be checking your personal credit and need your social security number. They do this to stay in banking compliance.

    Here's a brief overview of business credit

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