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trethreethird

Business Credit Location Guidelines?

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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. 

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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. 

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

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