Business Credit

[James Shipp]

Does anyone know how to get credit started for a Real Estate Company

[Franklin Romine]

@James Shipp

I started my business credit with a Home Depot credit card and a unsecured line of credit with a local bank of $30,000.

Frank

[James Shipp]

@ Frank R

Did you use your Business EIN number or personal credit score?

Thanks,

James

[Manuel Angeles]

@James Shipp

Generally, C-corporations are better for raising commercial credit (visa, mastercard, amex, etc). If a company knows that you are a real estate company (using your NAICS or SIC code), they will shy away from that.

There is someone named Jorge Bueno that has a system called "The Business Codex." 

You can look him up, he is a very well knowledged individual

[Manuel Angeles]

If your corporation's credit scores are not good enough (Paydex score and Experian Intelliscore), banks and other vendors will want to see your FICO.