![]() If you have a good to excellent score (670-850 points) your application for a business card may be accepted even if your business credit score is low or non-existent. If your business doesn’t meet the issuer’s credit criteria, then the issuer will check your personal credit score. There are several bureaus that record business credit information, but the issuer may do their own credit scoring using information that you provide, such as your business plan and cash flow forecast. The card issuer will check your business’ credit score first. For more credit score information, read “ Credit Score Ranges: What is an Excellent, Good, or Poor Credit Score?” ![]() Your personal credit score can also be taken into account. Fortunately for new businesses, the credit score doesn’t have to be from your business alone. Most business credit card issuers want a good to excellent credit score. Whether you qualify for a business credit card depends in part on your credit score. Your expected monthly expenditure on your business credit card.Ĭard issuers may also ask you for personal information such as your date of birth, your household income, your home address and telephone number, your Social Security number, and your mother’s maiden name.Ĭredit Checks and Guarantees - How to Qualify for Business Credit Card? If your business is just starting up, it’s fine to put “zero.” However, the card issuer might ask for a forecast showing your expected future revenue. If you’re a sole proprietor or a single-person LLC, it’s 1. How many years the business has been operating. You’ll probably also need to provide a telephone number and email address. If you’re running your business from home, this is your home address. For example, owner, president, or general manager. If your business doesn’t appear to fit into any of them well, just choose the closest match. Industry in which your business operates. When making the credit card application, there’s typically a list of industries for you to choose from.If you have an LLC, is it a corporation or a partnership? Or are you the sole owner? For sole proprietors, this is most likely your Social Security number, unless you have an EIN. For corporations and partnerships, this is the Employer Identification Number (EIN) issued by the IRS. If you’re a sole proprietor, this is your own name. ![]() ![]() If your. business is a corporation or partnership, this is the name that you registered with your state government. Your prospective credit card issuer is likely to ask for the following information: What Information do Business Credit Card Issuers Require? ![]()
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