topic Re: Recommended Business Credit W/o Personal Guarantee in Business Credit

Recommended Business Credit W/o Personal Guarantee

Society1 — Tue, 01 Feb 2022 02:48:55 GMT

Hello community i'm looking to build further build my business credit w/o having to use my ssn though..my D&B paydex is at 80!! My experian score is 86 and my equifax is ok its only 422! i dont want to use my SSN and i want it to report alot of these companies just dont report all the time but wants you to buy in my experience so far.. any recommended businesses please tell me

Re: Recommended Business Credit W/o Personal Guarantee

Red1Blue — Tue, 01 Feb 2022 02:51:30 GMT

What is the purpose of you building business credit? What is your needs? There are so many accounts we can recommend to you. But need to know more about your goals, needs for business credit.

Re: Recommended Business Credit W/o Personal Guarantee

Society1 — Tue, 01 Feb 2022 02:53:38 GMT

The goals is to fund my business w/ more equipment more vehicles most importantly as i have a logistics company my goal is to get more vehicles of course which will generate more jobs which will generate more income

Re: Recommended Business Credit W/o Personal Guarantee

Red1Blue — Tue, 01 Feb 2022 02:59:39 GMT

@Society1 wrote:
The goals is to fund my business w/ more equipment more vehicles most importantly as i have a logistics company my goal is to get more vehicles of course which will generate more jobs which will generate more income

I think you are looking for equipment / auto leasing and buying. To start with search the forum and several people got their vehicles financed with out PG for their business. I can think of @Creditaddict who financed several vehicles for their business. I remember few others posting they got vehicle finanicing with out PG. If you are looking for business credt cards there are several offerings from Citi, Synchony and several other banks and companies who are extending the business credit without PG. I am sure they will help you strengthen your business reports. If you are looking for cash flow you can look at Corpay who extends credit with out PG. I'll let others chime in also. Feel free to send me a PM.

Re: Recommended Business Credit W/o Personal Guarantee

Society1 — Tue, 01 Feb 2022 03:01:51 GMT

Citi, Synchony and several other banks and companies who are extending the business credit without PG.. can you by a chance tell me which cards are you referring to?

Re: Recommended Business Credit W/o Personal Guarantee

Red1Blue — Tue, 01 Feb 2022 03:08:08 GMT

@Society1 wrote:
Citi, Synchony and several other banks and companies who are extending the business credit without PG.. can you by a chance tell me which cards are you referring to?

Here are some I used. Which you can avoid giving PG. They might ask but you can over ride and do not give PG

CapitalOne: Walmart Community

Synch: Sams Club Business, Amazon Business Line of Credit ( Sync very big business card issuers)

Citi: Staples, HomeDepot, Lowes, Costco, AT&T and several other ( I think City offers about 17-20 business cards with out PG)

Gas Cards: Fuelman ( Arco, BP, Speedway)

AtoB Gas Cards

Wex offers few dozen gas cards. you might have to look into each one and make sure they do not have other fees.

If you are looking for Cash / Credit there is Corepay, Divvy, Kleer all can be obtained with out PG

There is always Amex Biz Cards and Kabbage Business checking and line of credit.

There are so many other cards you can get with out PG.

Re: Recommended Business Credit W/o Personal Guarantee

Society1 — Tue, 01 Feb 2022 03:10:45 GMT

Great bro appreciate the information for sure superb

Re: Recommended Business Credit W/o Personal Guarantee

Red1Blue — Tue, 01 Feb 2022 03:14:59 GMT

@Society1 wrote:
Great bro appreciate the information for sure superb

If you build the right foundation, getting Business Credit is lot easier than getting the personal credit. Check to make sure you freeze all 3 personal reports before you start applying for biz cards. Check and see what biz reports they pull for approval. Also check to see what biz reports they report once the card is approved. Take things slowly and add 2-3 new accounts / month and let them age and add strength to your reports. NAV has great plans where you can monitor your EX Biz, D&B, EQ Biz and and send you alerts and allow you to see the reports in one place. They also help facilitate financing for your business.

Re: Recommended Business Credit W/o Personal Guarantee

Creditaddict — Tue, 01 Feb 2022 04:47:15 GMT

You have business credit already?

good personal credit?

what kind of logistic company?

Re: Recommended Business Credit W/o Personal Guarantee

Society1 — Tue, 01 Feb 2022 11:19:46 GMT

Yes I have nav. I have grainger quill and Uline. They help but is not giving me that real power just yet

Re: Recommended Business Credit W/o Personal Guarantee

Society1 — Tue, 01 Feb 2022 11:21:10 GMT

my D&B paydex is at 80!! My experian score is 86 and my equifax is ok its only 422! My personal has one late payment I need to pay off but rest is good. Car hauling company

Re: Recommended Business Credit W/o Personal Guarantee

Red1Blue — Tue, 01 Feb 2022 13:42:30 GMT

@Society1 wrote:
Yes I have nav. I have grainger quill and Uline. They help but is not giving me that real power just yet

Ball is in your court. I suggest freeze all 3 personal reports so they can not do hard. They can do soft if they want but that would not affect your personal credit. I am not sure your business needs.

1. You can start with and apply for Walmart Business Community card with out PG. Many people here had success and received upto $10k in limits with out PG. You can always use some thing from Walmart. It is issued by capital one and reports to business credit reports and it is a net 30 account.

2. Next not sure if you are sams club member or not. You can apply for Sams Club Business credit or you can apply for Amazon Business Net 55 account. They both are issued by Synchrony Bank and gives a you good start in building business relationship with sync

3. You can apply for Divvy Business card. I have seen people got upto $50k limit divvy mastercard. There is no AF and reports to all 3 biz reports.

4. You should pick one of the cards issued by Citi like Costco, Staples, Lowes, HomeDepot. That will help you build business relationship with citi. Pick one of those cards and apply.

Make sure you dont give PG. Freeze Personal Reports. For Feb these 4 accounts should get your started. We will take a look in March and see what to apply. These account would take 30-60 days to report so give your self some time. Give these cards a shot and see how it works out. We can take next steps afterwards.

Re: Recommended Business Credit W/o Personal Guarantee

4sallypat — Tue, 01 Feb 2022 14:33:45 GMT

When I was starting my business credit venture, I was quite a mess until this forum and some YT channels helped me out.

You should check out a similar transportation YT business credit channel that I have used with great success: GetBusinessCredit by Josh Van Horn. He specializes in new businesses, transportation, logistics, and business credit like buying vehicles without a PG.

That's my next goal - no PG Ford Commercial Line of Credit.

Re: Recommended Business Credit W/o Personal Guarantee

WayneSki — Tue, 01 Feb 2022 17:07:02 GMT

@Society1 wrote:
my D&B paydex is at 80!! My experian score is 86 and my equifax is ok its only 422! My personal has one late payment I need to pay off but rest is good. Car hauling company

This site is excellent and you can find great information if you dig deep, but a lot of information lately is being regurgitated from YT and other platforms to here. This person needs FUNDING for their CAR HAULING business. None of the fintech "NO PG" cards being recommended can be liquidated to get CASH to fund their biz. Most operate as charge cards and need to be paid in full each month, plus the limits IF APPROVED are revenue based. Building business credit will not get them any CASH to fund their business. No one builds business credit before starting a business, ask anyone in your community that owns a business. The money and time spent trying to build biz credit, should be spent fixing their PERSONAL CREDIT and leverage the good personal credit to get business products. An 80 paydex score does not equate to any business loans or bank issued biz credit cards. I am in the transportation industry and none of what's being suggested will get this person a truck and trailer to haul automobiles. It's only a few people on here that understand that you will need good PERSONAL CREDIT in business, unless your business is doing millions in revenue. This "NO PG" phenomenom is not a solution for business funding!

Re: Recommended Business Credit W/o Personal Guarantee

Anonymous — Wed, 02 Feb 2022 19:28:32 GMT

@Red1Blue wrote:
@Society1 wrote:
Citi, Synchony and several other banks and companies who are extending the business credit without PG.. can you by a chance tell me which cards are you referring to?
Here are some I used. Which you can avoid giving PG. They might ask but you can over ride and do not give PG
CapitalOne: Walmart Community
Synch: Sams Club Business, Amazon Business Line of Credit ( Sync very big business card issuers)
Citi: Staples, HomeDepot, Lowes, Costco, AT&T and several other ( I think City offers about 17-20 business cards with out PG)
Gas Cards: Fuelman ( Arco, BP, Speedway)
AtoB Gas Cards
Wex offers few dozen gas cards. you might have to look into each one and make sure they do not have other fees.
If you are looking for Cash / Credit there is Corepay, Divvy, Kleer all can be obtained with out PG
There is always Amex Biz Cards and Kabbage Business checking and line of credit.
There are so many other cards you can get with out PG.

Costco is definetely NOT available without a PG. Also not my knowledge, Citi doesn't back 17-20 business lines without a PG, more like 4-6. The only major CC available without a PG that I am aware of is Sams. I agree there are a decent amount of options available without a PG, but some you mentioned are incorrect, and we should try to disseminate correct information.

Re: Recommended Business Credit W/o Personal Guarantee

cashorcharge — Tue, 01 Feb 2022 22:29:36 GMT

@Red1Blue wrote:
@Society1 wrote:
Yes I have nav. I have grainger quill and Uline. They help but is not giving me that real power just yet
Ball is in your court. I suggest freeze all 3 personal reports so they can not do hard. They can do soft if they want but that would not affect your personal credit. I am not sure your business needs.
1. You can start with and apply for Walmart Business Community card with out PG. Many people here had success and received upto $10k in limits with out PG. You can always use some thing from Walmart. It is issued by capital one and reports to business credit reports and it is a net 30 account.

As a NOTE @Red1Blue , this account is no longer available to apply for without a PG if you are a Sole Proprietor. The option changes a few weeks back and if you chose Sole Proprietor as your Business Type, you cannot get past the SUBMIT application unless you complete the PG page allow a personal HP

Re: Recommended Business Credit W/o Personal Guarantee

FinStar — Wed, 02 Feb 2022 05:43:30 GMT

@Red1Blue wrote:
@Society1 wrote:
Citi, Synchony and several other banks and companies who are extending the business credit without PG.. can you by a chance tell me which cards are you referring to?
Here are some I used. Which you can avoid giving PG. They might ask but you can over ride and do not give PG
Citi: Staples, HomeDepot, Lowes, Costco, AT&T and several other ( I think City offers about 17-20 business cards with out PG)

There is always Amex Biz Cards and Kabbage Business checking and line of credit.
There are so many other cards you can get with out PG.

@Red1Blue - where are you seeing that the Citi Costco is available w/o a PG, same for the number you cite "17-20" as far as other Citi-backed biz CCs? To my knowledge, the Citi Costco as well as the TYP business version require a PG.

Also, AENB business cards require a PG, regardless if using EIN or any business structure.

Re: Recommended Business Credit W/o Personal Guarantee

ToughFistFight — Wed, 02 Feb 2022 06:17:13 GMT

I agree with WayneSki. All of my big trucks, straight and semis, have been financed with a personal and business hard pull. These large truck loans, the latest was 110k, all required a pg. The finance companies dont report to personal, thank goodness. But they definitely want to see what shape your personal credit is in. It will go alot farther to straighten out your personal credit then work on your business credit. I will do just over a million in revenue this year and they STILL pull my personal credit.

Good luck.

Re: Recommended Business Credit W/o Personal Guarantee

Creditaddict — Wed, 02 Feb 2022 06:22:55 GMT

Ford, ram, nissan, Infiniti, Kia can be had no pg but you need some other business credit first.

costco for sure pg for Citi, years and years ago there was an hsbc costco business card that was great no pg but the cancelled.

dell can be no pg

citi is just store cards no pg like staples, mobile...

comenity bj Mastercard not sure is still available... was no pg

sync is biggest bacier

skip fleetcor🤦‍♀️