bosshaug

I don't think it reports to Experian Business, but possibly DNB. Not sure about Equifax Biz. If you have a solid relationship with them (good deposits), apply for a Bus Line of Credit simultaneously, as they may be able to use same inquiry. Under 10K shouldn't require financials, etc.

BBVA Business Card does not report for me.

They pull Experian on personal side, at least here in TX. I think they prefer 750+ on larger lines, need clean report with low cc utilization.

They don't report to personal for me, had almost year

If you plan to buy/hold, then paying all cash is a good start--studios will limit the tenant or buyer market you are looking to attract. However, going forward, if you want to build a rental portfolio,you will need to be bankable: (i.e. verifiable tax returns for the last 2 years, showing a good profit, plus strong personal credit). You can leverage hard money loans at 65-70% LTV, if you plan on doing a few short term flips to build more capital. Meanwhile work on developing your personal credit as well as your business credit profile with Experian Business and D&B (you need to look professional, website/phone).

Hard Money is your best bet to actually buy property right now, especially with your personal credit score. Your LLC, without any tax returns, credit history or bank account balance history, will not help you obtain any extra credit on the business credit side, at first. Work on establishing your DNB file with the net 30 starter accounts, then work your way to credit cards, secured loans, then credit lines of credit. This will be a process that takes several years, there are no shortcuts. Wholesale a few properties to build up your cash as well, in the meantime.

Navy Business Cards won't require financials for lines under 10K. Not instant approval, takes a few days. Approval based more on personal credit. They are generous on the personal side as well.

You should at least qualify for a loan/line of credit up to 30% of the amount of your adjusted gross income, provided your credit is strong. Nevertheless, I have yet to meet a small business rep with a large bank that had a clue about their business loan products or that would fight for small business owners. Maybe take your business elsewhere, call up some local business friendly banks, explain your situation and ask about their pre-approval process. Make sure your corporate docs are in order, maybe get your financials certified by a CPA.

Yes, a 100K Business Loan is out of the question, but a personal guarantor with substantial credit depth, who is legitimately made part owner of the company, can help accelerate the process, especially with some credit card tradelines to establish. Best of luck to you.

There are alternatives to building business credit quicker, like bringing on a CFO with excellent credit, who may be willing to personally guarantee some credit lines for you. Otherwise, start with what you have and continue to add small net 30 trade vendor lines to your DNB profile while working on your personal credit. SBA has some loan programs for import/export businesses, but you need strong financials.

I've seen rates in the 4-5% range, but you can always check with a local SBA preferred lender regarding your specific situation. I'm guessing they are structuring your loan as a refinance, since you lease the property anyway, thus the 0 down.