What's the best way to establish business credit for a new LLC?

[Jessica Howard]

Hello community, I'm new to real estate, and have established my LLC for my notes and tax lien business.

I need to establish business credit, and have searched the forums and wondered whether the posts I've seen that are few to several years old and found recommendations for Lowes, Staples, and banks.  I have a business debit card, but didn't take the bank up on the credit card offer at the time as I was preserving my personal credit while we were in the summer house shopping market - that's another story! Anyway, my personal credit is very good, and we'll be looking for a house again in the spring. 

My last question is will my applications for business credit cards or a line of credit ding my personal score? If so, will it recover by spring?

[Ryan Chatman]

@Jessica Howard most credit cards will require an inquiry (on your personal reports) and signing a personal guarantee. Meaning they'll run your credit to qualify you for the card (even though in the end it will be under the EIN of the business and business name), however those cards will not appear on your credit reports.

They will only show up on your personal credit reports if they go delinquent, because you guaranteeing that they will be paid.

By the time next year comes around you should have recovered from the inquiry or two for the card(s) you apply for.

If you want to establish net30 credit lines that report, with no personal inquiries I'd recommend Uline and MSC industrial to start.