15 replies to this topic

[doddo72]

I have a sole proprietor business and I wanted to get credit without using my personal credit. Is this possible and if so what companies should I start with? I just requested a number with dnb

[CB Owners]

Welcome to CreditBoards and the Business Credit Forum! We hope that you find what you're looking for here.

Some helpful tips:

• Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free to reply to your post yourself, with the word "bump" in the text. This will *bump* your post back up to the top of the board.
• If you haven't yet, take a peek at The CB's Newbie Section Everything that you need to know is in that forum, for the most part! It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!
• This is also a good place to start for Business Credit Newbies
• If you find that someone is discourteous to you, use the REPORT button at the bottom of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the CB's TOS
• Off -topic posts should go in the fun place known as the CB General Forum

Finally, this thread will explain our position on Solicitations and Advertising

We do not allow solicitation or advertising on any forum on creditboards, including the business forum.

Again, welcome to the CreditBoards family!

CB Admin: LKH, Pam, radi8, breeze
CB Forum lead for the Business Credit Forum: TeeSharice

[stroked89coupe]

Usually the bigger creditors will require sole prop to pg the account. But then again they require a lot of things that I have been able to get away with. Personally I would just incorporate with an llc. It gives a lot of protection and in my opinion makes you look more professional. It's only about 100 bucks and it takes a cupple of days. Most smaller companies will probably give you credit as long as you have a decent file.


If you have not read this thread yet you may want to take a look at it.


http://creditboards....howtopic=476200

[doddo72]

Usually the bigger creditors will require sole prop to pg the account. But then again they require a lot of things that I have been able to get away with. Personally I would just incorporate with an llc. It gives a lot of protection and in my opinion makes you look more professional. It's only about 100 bucks and it takes a cupple of days. Most smaller companies will probably give you credit as long as you have a decent file.


If you have not read this thread yet you may want to take a look at it.


http://creditboards....howtopic=476200

Thanks. Im going to file the llc papers tomorrow. I registered with d n b. Which creditors are the easiest to get started with and how do i get listed with experian and equifax?

[stroked89coupe]

Experian and equifax are automatic. Don't do anything for them. They get your business information from payment history and other sources. They can create a file for you based off of that information even if you don't have any payment history or trades reprting to them.


Did you read that thread? It answers a lot of the questions you are asking.



The trades listed in my sig, Starting from the top left are in order from when I received them. I started not even two years ago and the trades listed in my sig are what we currenty have. I have not PG'd any of them.

[doddo72]

I do have a business that I incorporated two years ago and its still active with the sos. I'm going to start operating that business as well as a new one. Yes I read everything. I requested a dun number today. Tomorrow I'm going to apply at uline to get things going. Thank u for your help.

[stroked89coupe]

That older business that you already have. That's would be an excellent start for credit. You could possibly use that as your legal business name and just operate under a " doing business as" Dba name.


It may be a little tricky to establish non pg credit under both businesses using the same. Resistors but it definitely can be done. A lot of creditors will let you open multiple accounts under the same company if it is a different department of the business.

[stroked89coupe]

Also you almost certainly have a file with ex and eq even if you don't have any trades reporting.

[doddo72]

I checked with equifax and experian and im not listed. I tried to get credit with uline and they want me to prepay. I am waiting for a response from Grainger. I paid to be listed with 411 and whitepages. That should be published within 3 days. Your threads are very helpful. My business was incorporated two years ago so that should help, I think. I just never did anything with the business because I was busy getting a divorce. Now I am ready to get the ball rolling. I have heard mixed info about a business phone line from at and t. Can't I just use my cellphone?

Thanks

Edited by doddo72, 14 May 2012 - 09:14 AM.

[stroked89coupe]

Yes you can just use your cell phone. It has worked perfectly for me. Also I would not pay to be listed with 411 or the white pages. And as far as I know they don't charge for listings. So you may want to look into that to see if you could get a refund. I got listed with both for free and it took about two months. That explains ex and eq not having a file for you (Since you did not do anything with the business once started)


Anyway, like I said you have an awesome head start that most of us didnt have due to that business that is already aged. I'm glad I'm able to help. If you have any other questions feel free to let me know.

[Brndnh721]

Usually the bigger creditors will require sole prop to pg the account. But then again they require a lot of things that I have been able to get away with. Personally I would just incorporate with an llc. It gives a lot of protection and in my opinion makes you look more professional. It's only about 100 bucks and it takes a cupple of days. Most smaller companies will probably give you credit as long as you have a decent file.


If you have not read this thread yet you may want to take a look at it.


http://creditboards....howtopic=476200

Every sole prop is PGing every account they have, weather it's a small or large creditor. Their is no such thing as a non PG account for a sole prop.. Any time it ask for your legal business name you need to put down your name. I have seen people say just put down your DBA name but guess what that would be fraud and you would stil be responsible for the account no matter what you put down..

Just want to make sure every one understands that!

[Lorentsen]

I have a sole proprietor business and I wanted to get credit without using my personal credit. Is this possible and if so what companies should I start with? I just requested a number with dnb

As Sole Proprietor you will have to PG for credit, the best you can hope for is a some NET 30 accounts may not ask for a PG. You will have to PG major credit cards (MC, AMEX, etc...), fuel cards, business credit cards such as Staples and nearly every other type of credit.

Why? Because under the law, a Sole Proprietorship is not treated as a separate entity from the owner and our personally responsible for all debts.

Edited by Lorentsen, 15 May 2012 - 07:49 PM.

[stroked89coupe]

Usually the bigger creditors will require sole prop to pg the account. But then again they require a lot of things that I have been able to get away with. Personally I would just incorporate with an llc. It gives a lot of protection and in my opinion makes you look more professional. It's only about 100 bucks and it takes a cupple of days. Most smaller companies will probably give you credit as long as you have a decent file.


If you have not read this thread yet you may want to take a look at it.


http://creditboards....howtopic=476200

Their is no such thing as a non PG account for a sole prop..

In terms of a sole prop being legally liable for the account? Sure, they always will be when it comes to defaulting. He was not asking if he would be liable for the account if he ever defaulted. He asked if he would be able to obtain business credit as a sole prop without his personal credit being accessed and/or the credit decision being based off of his personal credit scores.


And that answer is still yes.

[stroked89coupe]

At least I thouth that is what he was getting at by his question.....

[Brndnh721]

Usually the bigger creditors will require sole prop to pg the account. But then again they require a lot of things that I have been able to get away with. Personally I would just incorporate with an llc. It gives a lot of protection and in my opinion makes you look more professional. It's only about 100 bucks and it takes a cupple of days. Most smaller companies will probably give you credit as long as you have a decent file.


If you have not read this thread yet you may want to take a look at it.


http://creditboards....howtopic=476200

Their is no such thing as a non PG account for a sole prop..

In terms of a sole prop being legally liable for the account? Sure, they always will be when it comes to defaulting. He was not asking if he would be liable for the account if he ever defaulted. He asked if he would be able to obtain business credit as a sole prop without his personal credit being accessed and/or the credit decision being based off of his personal credit scores.


And that answer is still yes.

Just assumed that is what you were trying to say.. A lot of people just don't get the whole sole prop thing some times, they think if you use your DBA name your not PGing anything. If you have a sole prop for some stupid reason then should just use your personal credit (if it is good) to get approvals you need or want just make sure they don't report to personal.

[CTA]

Yes you can just use your cell phone. It has worked perfectly for me. Also I would not pay to be listed with 411 or the white pages. And as far as I know they don't charge for listings. So you may want to look into that to see if you could get a refund. I got listed with both for free and it took about two months. That explains ex and eq not having a file for you (Since you did not do anything with the business once started)


Anyway, like I said you have an awesome head start that most of us didnt have due to that business that is already aged. I'm glad I'm able to help. If you have any other questions feel free to let me know.

stroked89coupe, what service or technique did you use to get listed in the 411 directory in two months ??

Thanks for your help ....