Please help!! Can you get business credit with a 700 credit score and collections?

[Anonymous]

I want to start a new business, but need business credit. I have about 5 collections but 3 will be coming off later this year which will leave me with 2. I want to know if anybody have a credit score of 700 with 2 collections and do I have a chance of getting approved for business credit with collections and some late payments if my credit score is 700?

[Anonymous]

I think you will need to offer a bit more information here, such as:

Length of credit history and AAoA

Personal cards (what banks do you already have accounts with?)

Debt-to-credit ratio

Applying as Sole Proprietor with personal guarantee or with an EIN using the business's established credit

Credit scores are not always the only thing that will get you approved. The lates and collections will also be taken into account depending on the age, severity and status of those collections (still outstanding, paid, settled etc). 

[Anonymous]

I just basically want to know if you can get business credit with two collections. My collections will be 4 years old. I will be using an LLC. Also I will have to personal guarantee because it is hard to find banks to give you credit just based on an ein. Debt to income ratio is low and a charge account for $5,000. I have a 3 year credit history.

[bizcredit11]

Almost anyone can get business credit.

Why do you have to PG? Do you manage a responsible bank account for your business?

Alternative lending is where you should be focusing. What bank is doing business with you now?