Business Credit Location Guidelines?

[trethreethird]

I'll try to be brief.

 

I am starting a luxury sports apparel company (custom jersey designs, etc.) and am looking to apply for business credit in the near future (4-6 months).

 

I am located in Texas, and plan on applying for credit in Texas, but will be moving to NYC (possibly for good, not sure yet) around June/July of this year. My question for you is, if I set up everything here (office, phone, credit applications, etc.) now; as I understand putting these things in place would help legitimize the business and help my lending situation, would I be stuck to stay here and do business in Texas, instead of relocating if I choose?

 

My concern is, I don't want to receive money and seem as if I am doing anything shady in the eyes of lenders. 

[MarvBear]

Welcome to Crediboards!

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 out Newbies 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!
• If you find that someone is discourteous to you, use the REPORT button at the top right of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the TOS.
• Off -topic posts should go in the General Forum.

 

Again, welcome to the CreditBoards family!

CB Admin: LKH, Pam, radi8, breeze & MarvBear

 

[Falcon1871]

On 4/11/2019 at 8:52 PM, trethreethird said:

I'll try to be brief.

 

I am starting a luxury sports apparel company (custom jersey designs, etc.) and am looking to apply for business credit in the near future (4-6 months).

 

I am located in Texas, and plan on applying for credit in Texas, but will be moving to NYC (possibly for good, not sure yet) around June/July of this year. My question for you is, if I set up everything here (office, phone, credit applications, etc.) now; as I understand putting these things in place would help legitimize the business and help my lending situation, would I be stuck to stay here and do business in Texas, instead of relocating if I choose?

 

My concern is, I don't want to receive money and seem as if I am doing anything shady in the eyes of lenders. 

Don't wait and get incorporated in Texas. When you move to NY, incorporate in NY too as a branch of TX corporation. By the time, you'll move your headquarters from TX to NY. 

[BRBiz]

As long as you a have a solid legit chain to follow it can actually be really helpful that way.