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1-800-COMPANY.com - Asset Protection & Real Estate Investing :: 1-800-COMPANY :: Build Corporate Credit :: Personal credit score for business credit
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AuthorTopic: Personal credit score for business credit (Read 68 times)
pennypincher
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Personal credit score for business credit
« Thread Started on Sept 2, 2008, 11:41am »		[Quote]
What type of personal credit rating or score do i need to qualify for business credit? I have no idea how much money I can qualify for either.

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Brett
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Re: Personal credit score for business credit
« Reply #1 on Sept 3, 2008, 6:04pm »		[Quote]
pennypincher, liabilitygame2009 posted this up in the aged company section, hope it helps.


I have built up several aged companies myself. Lenders are typically looking for credit scores above 700. There is no credit requirement in order to purchase an aged company. The main factor is of course the age. Make sure you get a company that is at least 3 years old. Many lenders will input your application into an automated underwriting system, if the company has been registered for less than 3 years, it will decline the app. I purchased 3 of my companies from 1800company.com, they have a huge inventory. As far as money to be expected, depending on the lenders you go to, you can secure several smaller lines of credit (cumulative = $200,000.00). Best of luck with your business credit endeavors.
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Brett Schoneman
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richestanywhere
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Re: Personal credit score for business credit
« Reply #2 on Sept 8, 2008, 6:01pm »		[Quote]
thanks for these posts
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