Does my business get it's own line of credit?

Question

My credit score is bad due to an unfortunate event. (credit cards etc). I have been in business for a couple of years and want to get some new equipment to enhance my business. I get a lot of clients, but if my equipment isn't good then i can't produce it fast enough. The money i make now goes to my current bills. Again, i could make more if i had better equipment! SO when i get my business l's will i be able to get a loan or apply for credit under that?

Anonymous · Accepted Answer

until you have a Commerical Dun & Bradstreet credit rating, very unlikely to get any kind of bank financing based on the business alone - and maybe not even then, depending on how big your company is - until then - your personal credit will have to be used

Anonymous · Answer

If you are the owner you may not get anything if your credit score is bad.  Banks are hip to all the scams or roads.

? · Answer

If you business is incorporated it shouldn't be a problem

Does my business get it's own line of credit?

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