So i ordered some stuff for biz2 and biz3 and they started coming in. That’s great cuzz all I have to do now is pay them off. Remember, you do not have to order high value items in order to get an 80 paydex. My orders range from $8 to $18(only $18 cuzz shipping was high). No one has reported yet on Biz1 but I know that ATT reports monthly so I should see something there soon. I am yet another step closer to my $1,000,000 in business credit.
-money mike
Mike,
Since each bank will only allow you to personally guarantee the line of credit for one company at their bank, what is the benefit to opening more than one company?
Cashman
I do not plan to personally guarantee any of the lines of credit I acquire
All the lines I get on this blog will be with no personal guarantee.
Mike
Thanks for the quick reply. Are you sure that there are institutions who won’t require your personal guarantee for new companies like these? Also, how much more (on average) have you seen a C or S corp receive than an LLC in initial funding?
Cashman
ok
i am 100% sure that the financial institutions will not require a personal guarantee but that is only because I know which accounts to apply for. With respect to corps and LLC, last year I applied to the same company for a LOC about a month apart with 2 separate companies that I started. The LLC received a 5k like and the Corp received a 12K line. But remember, this is not a rule but using a corp just increases the chances of success and thats what the Business Credit game is about.
But, what banks offer a LOC or credit card with out a PG. I see what retail companies do. But, what about actual Visa/MC or LOC? Also, you should add a site to what Leasing Equipment companies offering financing without PG. Just a thought.
the book that u just finished has some more cash accounts
also
i am working on leasing companies now..
i have a couple already