How to get Business Credit

I am the Corporate Business Manager for a rapidly growing new business. We have gone from zero to 2 million in engineering work overnight. Awesome!

You say awesome? It is. Most new companies are trying to find work. We have work we need employees. We need cell phones, we need computers, we need credit cards and more. We need cash flow. The money doesn’t come in until the work is done.

In order to make it all work we need credit. We need some credit cards, possibly a line of credit. We need a decent credit score so we can get cell phones and computers.

How do we build the credit of a new business? Everyone asks for a social security card number of the owners. The owners aren’t all happy about this. They say use the Taxpayer Identification Number (TIN). Sounds easy. It isn’t.

So I am going to be building the credit worthiness of our business. You can follow along and learn how to make a business work and get the credit you need for your business. [Read more...]