Getting Biz credit without hard pulls on PG

[killove]

I'm looking for business credit. Cards or LOC that don't inquiry my personal with a hard pull. Also if possible what is your biz income range... I assume that if my company only make $20,000 a year I can't get one loc for 1 million, so I'd appreciate if income is listed that way I can scale accordingly on what I could expect.

 

thanks in advance!

Edited April 23, 2013 by killove

[BRBiz]

Almost all lenders will do a hard pull.. It may be possible that a few may do a soft if you already have credit products with them and are applying for a credit card, a LOC will be a hard probably not matter what.

 

The business income and your personal income will be the factors in the amount approved for.. You will want to put down last years sales or if your new in business your estimated sales for this year.

[stroked89coupe]

I'm looking for business credit. Cards or LOC that don't inquiry my personal with a hard pull.

 

Not going to happen unfortunatly if this credit decision is based off of your personal credit (PG)

[killove]

After the hard pull on personal, does that mean it will report to personal? or will it just be a personal inquiry?

[stroked89coupe]

After the hard pull on personal, does that mean it will report to personal? or will it just be a personal inquiry?

 

 

No. If you take an INQ on personal it does not mean it will report to personal. It also does not mean it will report to any business CRA either.

 

There a few creditors that will report business credit card accounts (That are obtained with a PG) to the business CRA's.

 

There are a LOT of creditors that will report business credit card accounts (That are obtained with a PG) to your personal CRA's (Transunion/Equifax/Experian)

 

 

 

Some creditors that do report to business CRA's that require a PG are NAVY Federal and American Express. American express has the best setup for corporate credit account and quite possibly the largest. They are one of the only ones left that do not require a PG while offering business credit card accounts.

 

 

Amex requires EXTENSIVE Financial reports, Multiple employees ect. It will be a cupple of days before they even call you back regarding setting up a corporate account.