Building credit for my business

[John Petersam]

Hi All,

I recently purchased property that I plan on flipping.  It was a cash deal, so I am getting financing after the fact.  I have great credit, and the deal is sufficient so appraisal will not be a problem.  So obtaining financing is not a concern.

However, I would prefer to use this as an opportunity to build credit for my business itself.  I've talked to a couple of banks, but the best "deal" I've been offered is for me to put cash in an account for the amount I want to "borrow", and then they'd create a credit line equal to that amount for the business.

In the end, they're literally charging me interest to build credit using money that's already mine.  What ways have you all used to build credit for your businesses?  There's got to be a better option than what's been presented to me.

Thanks,

John