Re: Building Credit for one man Corporation

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Posted by SueC on December 27, 2000 at 15:15:41:

In Reply to: Building Credit for one man Corporation posted by Omo_Oba on December 27, 2000 at 11:02:05:

I have started just by applying for a Home Depot and Lowe's Commercial credit lines, Staples credit card, and Kinko's credit card, all of which require that I personally guarantee the line of credit, but the credit line is in the corporate name. I also have my cell phone in the company name, since it is used for receiving business calls and messages while I'm at my day job.

I haven't bought any property in the company name yet, but I would guess that traditional lenders will require that I co-sign the note with my corporation until I do build up cash and credit history in the corporation. But the above ideas are a start.

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