I recently started an LLC about 6 months ago and i need to get business credit so that i can help offset some of the costs of my new business. I already have my EIN and article info but i am not sure where to go to get a line of credit.
I have a pretty decent credit score but my revolving personal debt is not low (i have about a 65% debt to credit ratio).
Everywhere i go to apply (CAP ONE, AMEX, CITI, CHASE) they ask for my SSN DOB and other personal info which is fine but i need to know where i can go to get a line of credit as soon as possible.
What determining factors do they look at to extend credit. I have only received 1000 here 500 there which simply is not enough.
Is there a process that i can follow to get where i need to be?
Can i provide bank statements to help?
SOMEONE PLEASE HELP =)
I have heard of so many companies that charge thousands of dollars that claim they can get 100k lines or more with a personal guarantor but i simply do not trust them since i am pretty sure i can do the same thing myself for free. What do they have access to that i do not??
Your help is appreciated so very much.