Stage One of the Business Credit Success Guide
How to Build Small Business Credit with No Personal Guarantee

Step 1 ~ Establish a Business Presence

Perhaps the most fundamental step in setting up your business for obtaining business credit is to establish your place of business. Ultimately, the choice depends on your specific business so when making your decision we want you to understand a few important items:

• Lenders look down upon PO boxes, virtual offices, etc. and have these addresses on file and if this is your business address, business credit lenders will often decline your application instantly.
• In today’s tele-commuting world it is common-place for even large volume companies to be based out of the home of the small business owner so having your home address as your business address will not adversely affect you in the lenders eyes.
• Most importantly, keep the address exactly the same for every document and application for your company. For example, 273 S Example St is not the same as 273 South Example Street. Whichever version you choose, keep it the same and you will save yourself a lot of headaches in the future.

Before we get too far we want to make it clear, the process of building business credit is slow and tedious and it is important that you thoroughly understand and implement each step. If you are patient you will be able to access any type of business credit financing with no personal guarantee. If you try and rush the process or simply skip one of these first steps you will ruin your chances of obtaining business credit cards, business lines of credit, equipment and automobile financing.