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Most of the lendersconsider small business owners with a FICO® score* of at least 680 to have good credit score.

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Wiki User

9y ago

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Can you really establish a good business credit without personal guarantee?

Yes you can, but if your a new business, it's going to be very difficult without a personal guarantee. Most creditors are going to require that you personally guarantee a loan or credit line. After you've been in business for a while and have a good business credit history on file, then you will be able to obtain some credit financing without a personal guarantee. In general though even well established businesses, especially small businesses are always going to require that personal guarantee regardless of how good your business credit history may be.AnswerYes, and you should establish good business credit separate from personal credit to reduce personal risk. A D&B D-U-N-S® Number and an EIN (tax identification number), both issued for free, are two business identification numbers that can be used to establish good business credit separate from personal credit.


Where can you get a business credit card with no credit and no personal guanratee?

Obtaining any type of credible business credit card generally requires a good credit history.


How can one get an aeasy personal loan?

One can get a easy personal loan by having excellent credit. Excellent credit allows banks to trust you and they know you will pay them back, so have good credit to get a loan.


Where can I get a personal loan with a cosigner?

You can get a personal loan with a cosigner from banks, credit unions, and online lenders. The cosigner's good credit can help you qualify for a loan and potentially get better terms.


Does the Amazon Business credit card report to personal credit?

Yes, the Amazon Business credit card does not report to personal credit bureaus, so it does not impact your personal credit score.


How get unsecured personal loan?

Unsecured loans are on the basis of good credit score since there is no collateral involved. The lender determines your credit worthiness on the basis of your credit score. Since he has no collateral he has to depend on the credit score to decide whether you are a lender's risk or not. If you have good credit score then you can easily get unsecured personal loan from Banks and NBFCs Such as SBI, PNB, Bajaj Finserv etc.


Is credit considered a positive or negative aspect of personal finance?

Credit can be both a positive and negative aspect of personal finance. When used responsibly, credit can help build a good credit score and provide access to funds for important purchases. However, if mismanaged, credit can lead to debt and financial difficulties.


Where to purchase a good credit score from someone?

You cannot purchase your personal credit record from someone else. It is your credit history that has been reported by your creditors to the central credit data gathering agencies. It's like asking, "Where can I purchase a good dental record?"


How does personal credit affect your chances of getting a small business loan?

Probably greatly. I'm sure if your personal credit is not good, that will also influence lenders on their decision to give you a small businees loan or not.


What are the benefits of business credit scoring?

The benefits of good business credit scoring is that lenders can offer better interest rates and it will save you money. It can also reduce your personal liability and protect your personal assets.


When was Greenwood Personal Credit created?

Greenwood Personal Credit was created in 1880.


When was Provident Personal Credit created?

Provident Personal Credit was created in 1880.