Personal credit score for aged company

[pennypincher]

Please help me. I posted up a similar question in the business credit section. I'm not sure if I want to build business credit or purchase an aged company.

The answer may come from the question "what type of personal credit rating or score do i need to qualify for business credit or an aged company?"

How much money can I get or roughly get?

Thank you for your help

[liabilitygame2009]

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.