Small business answers — NOW!

Business credit cards

Question
How can I get a business credit card without giving a personal guaranty. 
Answer
Resign yourself to this reality: As long as you are a small business, you will sign a personal guaranty for all debt your business uses, whether that's a credit card, a bank loan, with a vendor, etc. Notice that every application for a business credit card includes a requirement that you include your social security number. This is to check your personal credit history.

It will take years of positive credit performance and a very strong balance sheet before this will change. But it's a good goal to strive for. 
Brain Trust contributor: Co-founder of BusinessCreditSuccess.com
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 2096