Best Way to Obtain Financing for a Salon

[Mrsbucknut]

I am starting a salon business. And I am looking for the best strategy. My personal credit has been shot to hell due to failed real estate investments. Fresh Corp. Where should I start? I am totally clueless.

 

All advice is appreciated!

 

Thanks!

[winner]

savings, family, friends..

for a start-up especially with your personal credit down the sewage .. those are pretty much your only options.. good luck.

[BRBiz]

I am starting a salon business. And I am looking for the best strategy. My personal credit has been shot to hell due to failed real estate investments. Fresh Corp. Where should I start? I am totally clueless.

 

All advice is appreciated!

 

Thanks!

 

If your personal credit is not good you wont be able to get any sort of cash loan or credit cards because they all require a PG but to start building biz credit you need to start out with some basic starter accounts like Quill.com, Reliable.com, Uline.com things like that and when you have good biz credit there are some retail , gas and other cards like that you dont have to PG and they may be a couple business credit cards that will require a PG but no personal credit pull.

It is very tough to get credit cards and cash loans with bad personal credit

[Mrsbucknut]

I am starting a salon business. And I am looking for the best strategy. My personal credit has been shot to hell due to failed real estate investments. Fresh Corp. Where should I start? I am totally clueless.

 

All advice is appreciated!

 

Thanks!

 

If your personal credit is not good you wont be able to get any sort of cash loan or credit cards because they all require a PG but to start building biz credit you need to start out with some basic starter accounts like Quill.com, Reliable.com, Uline.com things like that and when you have good biz credit there are some retail , gas and other cards like that you dont have to PG and they may be a couple business credit cards that will require a PG but no personal credit pull.

It is very tough to get credit cards and cash loans with bad personal credit

 

And these will help with my DNB report?

 

Thanks! I appreciate your feedback!

[BRBiz]

I am starting a salon business. And I am looking for the best strategy. My personal credit has been shot to hell due to failed real estate investments. Fresh Corp. Where should I start? I am totally clueless.

 

All advice is appreciated!

 

Thanks!

 

If your personal credit is not good you wont be able to get any sort of cash loan or credit cards because they all require a PG but to start building biz credit you need to start out with some basic starter accounts like Quill.com, Reliable.com, Uline.com things like that and when you have good biz credit there are some retail , gas and other cards like that you dont have to PG and they may be a couple business credit cards that will require a PG but no personal credit pull.

It is very tough to get credit cards and cash loans with bad personal credit

 

And these will help with my DNB report?

 

Thanks! I appreciate your feedback!

 

Yes these are will go on your D&B , search the forums alittle there are others and once you get some credit going after 6 months or so try for the KeyBank credit card , they require a PG but usually dont pull unless your biz credit is lacking.

reliable will report to experian business also, keep in mind you want to build trades on all three major credit companies since most lenders use a combo of all three

[BRBiz]

Like Winner said if you have a family member or friend who has good credit see if they will sign for you , you would have to put them in as a officer of the corp and probably wouldn't hurt to give them a small part of the company