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How to build Business credit?

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hoang817
Regular Contributor

How to build Business credit?

Hi,

Where do i start with business credits? everytime when i apply for loans or credit cards for my business they always come back with my personal credit scores (very bad).  

 

Thanks

Jan/25 - EX 600 TU 550 EQ 550
Mission Lane: 300 | Discover IT: 1.5k | CAP Savor: 6k | AMEX 4k
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1 REPLY 1
FireMedic1
Community Leader
Mega Contributor

Re: How to build Business credit?

In most cases, your personal credit will impact your business far more than the other way around. Some business credit card applications will require your Social Security number. Credit bureaus don't distinguish between business and personal inquiries, and too many can have a negative impact on your credit score. So is there anything we can help with thats affecting the personal side? If so place it on here and see what we can come up with.

This is the US Small Business ways to build credit site:

https://www.sba.gov/blog/how-build-business-credit-quickly-5-simple-steps 

 


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