How can I get a credit card or loan for my business without using my personal credit history and Social Security Number?

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
min read
Opinions expressed by Entrepreneur contributors are their own.
There are a couple of things to consider. One is that most lenders will ask you to use your personal assets as collateral for the business loans as well as the business assets. They want this as a double protection for them that if you should default on the loan then they'll be able to use personal and business assets to repay the debt. It is not uncommon for this to occur. If your business doesn't have any history of having a credit card or loan under it's own tax id, then it has no credit history. You can visit with them about establishing the loan or cc in the business name with tax id and then just securing it personally - explain to them you'd like to start estabishing business credit. The overall goal for most lenders or cc companies is that they want to protect themselves.

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur