Corporate Credit- How do I build it?

The phone number thing...it really isn't as important as some make it out to be. Yeah, some businesses will look you up and determine that if you're not on there then you aren't "real," but for the purposes of establishing credit, just get a couple of tradelines under your belt that don't care, pay them promptly, and then go after them if you like.
 
dacrazydeafdawg said:
questions.. cuz i dont have time to look for it myself

does Apple offering business finance? I thinking about converting to Mac and if i were to open an office I would exclusively use Mac.
Here you go dawg http://www.apple.com/financing/leases/commercial/

Hey Sony is giving out 10k -20k business loc like it ain't nothing.The thing is you have to call but they ask for basic info and no pg.
 
blackop said:
Here you go dawg http://www.apple.com/financing/leases/commercial/

Hey Sony is giving out 10k -20k business loc like it ain't nothing.The thing is you have to call but they ask for basic info and no pg.

These companies that r "givin away" huge loc's w/ no PG...what do u think is the main decidin factor...is it ur business entity? Length of business structure? Or prior credit history? How long have u been n business n how long have u been establishin ur credit history? Bcuz I m doubtin these companies would give such large loc's 2 newly established corporations/LLCs...
 
Well what people are conveniently forgetting is that you have to be in business for 2 years, and sometimes the minimum payments are steep. Instead of promoting this type of info, I wish people would give the ENTIRE list of stipulations so people don't get their hopes up too high.
 
cooliojones said:
Well what people are conveniently forgetting is that you have to be in business for 2 years, and sometimes the minimum payments are steep. Instead of promoting this type of info, I wish people would give the ENTIRE list of stipulations so people don't get their hopes up too high.
I don't know where you get the 2 year rule from because that's not always the case.But, i always try to pass on good info to the brothers cause if we don't support black business then who will? I joined the artofcredit board and go there when I get that urge to increase my tradelines and business credit.So, when I see something that can help others I try to pass it on if the fam is not up on it.So here's the link to the Sony thread. You will see there is a lot of people on their with a few months of incorporating an have some serious credit lines.

http://www.artofcredit.com/board/showthread.php?t=24856
 
Leroy Soup Nutz said:
These companies that r "givin away" huge loc's w/ no PG...what do u think is the main decidin factor...is it ur business entity? Length of business structure? Or prior credit history? How long have u been n business n how long have u been establishin ur credit history? Bcuz I m doubtin these companies would give such large loc's 2 newly established corporations/LLCs...
I can't call it but I do know most major cards will ask for the social security number on the apps and pull personal.But,I really feel like it whomever you talk to on the phone that approves your credit.From my observation most people that call in get approve faster than the ones that apply online.
 
cooliojones said:
Well what people are conveniently forgetting is that you have to be in business for 2 years, and sometimes the minimum payments are steep. Instead of promoting this type of info, I wish people would give the ENTIRE list of stipulations so people don't get their hopes up too high.

I don't think these brothers offered n e misleadin info...if u read every post n this thread many cats outline a "map" 2 obtain these locs n they do mention credit history n such...I was just curious if it was possible 2 obtain them with a limited company history...I thought these brothers might have had some info about that but I can't blame them 4 my high hopes...
 
Aight just started my biz credit quest .Ill let you guys know what success & pitfalls i have.Wish me luck!
 
donhustle said:
Aight just started my biz credit quest .Ill let you guys know what success & pitfalls i have.Wish me luck!
Good luck brother and remember to support black business!!!
 
blackop said:
I don't know where you get the 2 year rule from because that's not always the case.But, i always try to pass on good info to the brothers cause if we don't support black business then who will? I joined the artofcredit board and go there when I get that urge to increase my tradelines and business credit.So, when I see something that can help others I try to pass it on if the fam is not up on it.So here's the link to the Sony thread. You will see there is a lot of people on their with a few months of incorporating an have some serious credit lines.

http://www.artofcredit.com/board/showthread.php?t=24856
Well even in this post you can read and see where they list the two year rule. I can't do it for my 2nd business since it's been in existence only this year, but my first one I will do it in Janurary because then it will make 5 years (well, 4 and 11 months).

One of those dudes on there is a damn know-it-all and condescending as hell. Just as you start to respect him, he goes and does something stupid again -- hope you know who I am talking about.
 
cooliojones said:
Well even in this post you can read and see where they list the two year rule. I can't do it for my 2nd business since it's been in existence only this year, but my first one I will do it in Janurary because then it will make 5 years (well, 4 and 11 months).

One of those dudes on there is a damn know-it-all and condescending as hell. Just as you start to respect him, he goes and does something stupid again -- hope you know who I am talking about.
Yeah I know exactly who you are talking about.But, my business is still not incorporated and i'm still getting loc left and right.I'm getting it but not abusing it.Good luck,much respect and support black business!!!
 
blackop said:
Yeah I know exactly who you are talking about.But, my business is still not incorporated and i'm still getting loc left and right.I'm getting it but not abusing it.Good luck,much respect and support black business!!!
Dayum man, when you gonna incorporate? You been on those boards, so you know about the benfits and what it means for you! My first isn't incorporated, waiting until the first of the year.
 
cooliojones said:
Dayum man, when you gonna incorporate? You been on those boards, so you know about the benfits and what it means for you! My first isn't incorporated, waiting until the first of the year.
Yeah, you right I should have been incorporated.Just haven't took the time to do it.Plus, I'm trying to decide what to do since my business name is incorporated by another company according to the secretary of state website.Not to mention their are I believe 3 other companies in the state that has the same name but a different spin.So, that's another factor to think about.But, I did pick up UPS,Borders,and Savannah Suites $2500 loc .Today 24 Oct 05
 
That's cool. I saw that you found out about Mercedes-Benz credit too. I downloaded the app/link, but won't be able to use it until next year. I had the same problem with incorporation of my first company, but the other company got dissolved by the SoS a few months ago. So first of the year, I'll be incorporating #1 and getting loads and loads of new business credit (hopefully).
 
cooliojones said:
That's cool. I saw that you found out about Mercedes-Benz credit too. I downloaded the app/link, but won't be able to use it until next year. I had the same problem with incorporation of my first company, but the other company got dissolved by the SoS a few months ago. So first of the year, I'll be incorporating #1 and getting loads and loads of new business credit (hopefully).
Yeah I found that on the web applied for the hell of it but knew my tradelines and business credit wasn't strong enough yet to apply.But, I'm thinking about going to this SCORE seminar in Atlanta in November.They are supposed to be showing you how to get a business loan/loc for small business with the SBA from$5k to $50K will little info at the Peahtree SBA location.I see you also frequent creditbards.I haven't joined that sight but lurk from time to time.
 
blackop said:
Yeah I found that on the web applied for the hell of it but knew my tradelines and business credit wasn't strong enough yet to apply.But, I'm thinking about going to this SCORE seminar in Atlanta in November.They are supposed to be showing you how to get a business loan/loc for small business with the SBA from$5k to $50K will little info at the Peahtree SBA location.I see you also frequent creditbards.I haven't joined that sight but lurk from time to time.
Yeah, I was down there @ Peachtree Center last year and heard the lil spiel about SCORE and how they can help. You can try it, I never did but it's not as easy as they make it sound.

Go ahead and join creditboards, its a cool community. That mofo on AOC hasn't been on in a while, kinda refreshing to have him lay low for a while, but maybe that's because he went to that business expo @ Cobb Galleria.
 
I have been lurkin on this thread for a while, and all the information is very good info. The key to this thing is getting your paydex sscore with dnb. the key to this is having companies that post you payment history to dnb. Has anybody everthought about getting an account with dnd that allows your company to post credit? There is a way that one could acheive a paydex score rather quickly, however it would take some team work. I have been doing this business credit thing for about 6 months below I have posted pics of some of the cards I have obtained. If your interested in forming this co-op to help each other out pm me. I have done this before and it worked, the only down fall was all of the people in the co-op where all doing business in the same gen area, and dnb looked at that. There are peolpe on here from the east coast to the west, therfore if your company has the ability to post to dnb we could all sctratch each others backs in order to get paydex scores. if you are interested hit me up!!
 
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^^^ lol @ ur sig...Da Don really started a monster when he posted $$$ n his sig... :yes:
 
^^^ lol @ ur sig...Da Don really started a monster when he posted $$$ n his sig...

Na wthis is to show yall that I know what i'm doing. I'm tellin ya this co-op thing is how we can help each other the most. Cats with businesses that are in need of a patdex score.
 
yo i 20 what the limit on that citibusiness mastercard and do ya have the link?

also word of advice ya need to wipe out THROUGHLY the nbr on the last card in the 1st column in ya sig.. ya dont need no credit fraud nicca fiend from BGOL ordering shyt ... esp the lurkers and haters

i am interest in hearing more about ya co-op plan for the dnb paydex.. how will it work and why does the dnb frown on local business banding together ??

last but least .. what kind of business do ya own.... and u sure got a lot of gas card mofo! lol..... do ya hve any other visa/mc for ya business?
 
yo blackop did ya get approve for the benzo? whatcha gonna get a S600??? lol

ya better make sure ya got the cash flow to make that payment.. i heard it was like a house note! lol
 
yo i 20 what the limit on that citibusiness mastercard and do ya have the link?

The Limit on the citi was 5K, CIti has about 6 or 7 different cards, Cant screw them up, they have a one and done policy.


i am interest in hearing more about ya co-op plan for the dnb paydex.. how will it work and why does the dnb frown on local business banding together ??

The co -op is very simple, dnb has a service you pay for that allows you to check other business' credit, as well as post positive & negative credit based upon your customers' pay habits. Once you have the ability to post credit payment exp with dnb, you now become a trade line for someone else.

When I set the co-op up at first it was 8 of us, 2 out of states 6 in ga 5 in one county, very close proximity. Well we all began posting credit for each other. Dnb begins pulling records for all the companies that crossed reference with the first three that posted, because we were all very close in prox. My company was the dumbmy corp because I was just beginning to fool with this. Long story short I had taken all the steps I needed and had several trade lines , my only mistake was I didnt have my biz lic. dnb checked and said that I wasnt a real business SO my account got red flagged and everybody else that was cross ref. with me got questioned. If everything was on the up biz lic, inc filed with state, phone line, etc they put on your report that others pull on your comp. that you deal with high risk comp.

The more people we have spread out in different states makes it work and look better.

last but least .. what kind of business do ya own.... and u sure got a lot of gas card mofo

My wife has a gift basket company and we do small business set up / consulting. Gas cards come in handy with these high gas prices :yes:

Other cards we have home depots' master card and sams clubs' master card.

All the master cards/ visa cards we got after we got our paydex.
 
dacrazydeafdawg said:
yo blackop did ya get approve for the benzo? whatcha gonna get a S600??? lol

ya better make sure ya got the cash flow to make that payment.. i heard it was like a house note! lol
Dawg,

I got turned down the next day.I knew I wasn't going to get approved but, just applied for the heck of it.And, if I did get approved I still wouldn't have bought one.The golden rule: invest in business assets and not business liabilities.I just wanted to see what they were going to base it on.You know I'm a sole prop and not inc. so I wanted to see if they were going to ask for a pg but, it was just basic business credit they went by.And, they didn't ask for any financials like bmw wants 3 years financials..lol.Also, if I wanted a merc I would have went another route like using my network of friends to get me a good deal on one.For instance the Mercedes dealership here in Augusta just got bought by the guy that owns the Fairway Ford dealership and he's a 38year old black man.In fact he is the only black single owner of a Mercedes dealership period.Every other black dealership is included in some type of partnership or investor group.But a good friend of mines husband is the finance manager at the Ford dealership and he bought his wife a e320($50,000) and that mofo is sweet.Payments less than $400/mth.But, if I went that route of course I would have a meeting set up with her husband.But, this is the email they sent me.Funny especially the part of come into our local dealership and talk with one of our finance/lease specialist.For what so they can laugh at me ..lol

Based on the information you provided, Mercedes-Benz Credit (MBC) is unable to approve your credit request at this time. You will be sent written notice of this decision by mail to the address you provided. Please contact your Mercedes-Benz Dealer, MB OF AUGUSTA, for additional assistance. When contacting them, ask for one of their Finance and Lease Professionals.
Please advise them this is your first contact with them, and that your application originated on the internet.
 
damn 20 lines w/Cingular? that is tight

but i trying to get one with Verzion but I really dont need it but personally they said Sprint/Nextel is #1 for business user then follow by Verzion and then Cingular since it bought out AT&T Wireless.. and TMobile..... right now I am using TMobile since they have sidekick but I am thinking about upgrading to either a Blackberry or a HP .......I saw this real estate agent with one and the shyt is niceeeeeeee!
 
dacrazydeafdawg said:
damn 20 lines w/Cingular? that is tight

but i trying to get one with Verzion but I really dont need it but personally they said Sprint/Nextel is #1 for business user then follow by Verzion and then Cingular since it bought out AT&T Wireless.. and TMobile..... right now I am using TMobile since they have sidekick but I am thinking about upgrading to either a Blackberry or a HP .......I saw this real estate agent with one and the shyt is niceeeeeeee!
Well Cingular is the only one that reports to both dnb and experian.And, I'm going to upgrade to the TREO 650 I've been holding out for a minute waiting on that price drop.But, since my current phone is acting up I'm going to have to make that move.Dawg,the funny story about the lines I knew Cingular will transfer your personal over to your business with no problem.But, I went into the store because my phone won't charge anymore.So, in there I said what the hell might as well apply a see what's up.The white guy proceeds to ask for my driver's license and I said no I want it in my business name and I gave him my tax id number, 2 trade references, and what bank is my business acct at.Oh, I forgot that he told me that he can only get 10 lines approved in store and that if I wanted anything over that then he would have to call the business rep.So,I was like cool.So, after he took my info I guess the computer was running slow so he asked for my tax id number again.Then he picked the phone up and I was kind of concerned for a minute.He got on the phone with someone and then he told them never mind the results popped up and I was approved for 20 lines.Then all of a sudden the guy got real respectful and started begging me to get a couple of phones.I guess this cat thought I had a major corporation and he scored the jackpot and asked me how many TREO 650's were I going to pick up.I wasn't sure if he was joking or serious.I told him I'll come back tomorrow or next week and he hands me his card and his work schedule..lol
 
dacrazydeafdawg said:
yo blackop did ya get approve for the benzo? whatcha gonna get a S600??? lol

ya better make sure ya got the cash flow to make that payment.. i heard it was like a house note! lol
Yo dawg,I was thinking about you today as I was walking to my car from the Jacksonville vs. Ravens game at Alltell stadium these white folks were in the black s430 mercedes trying to weave their way through the crowd and the people were talking noise to them like "just cause you got that big mercedes you got to wait like everybody else".
 
yo blackops.. man to think i was the only one who experience that 180 degree turnaround..... mind ya i was in tiffany and co... and i wasnt in my business gear if ya will.. i was wearing a warrick dunn jersey and some gunit jean and some fresh new timbs and my atlanta new era fitted cap... and i have on some nice icy but anyway.. i walk into the store and i was just browsing around for some jewerly (diamond earring mofos lol the icy one not the cz kind lol) anyway

security's a trip in that store.. they'd be on some sercet service shyt.. but i try to give my business to the brother who was a saleman there (they get a commission there) and that nicca wouldnt give me the time of the day.. he was trying to say it wasnt in my price range and that I should go to Zales.. and i was like wtf....but I didnt let him fade me but i walk to another counter to this fine ass looking blonde salelady.. i told her i was a businessman that looking for some nice diamond earrings and $$ wasnt an issue ... she said she could hook me up with a business account...i said sure no plm.. she ask me for my business info.. and i didnt even hve to give her my driver license.. and her manager was giving me the 5 star treatment asking me if i want something to drink.. and keep in mind I was smiling like I won the lotto lol.. nicca was madddddddddd when i told the manager I wish all sale rep were just as accomodating as blondie was.. and the manager gave me a house discount of 25% in additional to the 15% discount lol..... I got approved for $50,000 on the spot and it only took them 5 minutes... I was like uh huh.. but i didnt spend anything that day and I still havent use the card yet, but it sure look good on my tradelines lol

as for the benzo..... i am gonna wait till they come out with a hybrid version lol....i test rode the Toyota Prius and that shyt only need to be fill up once a month that mofo get 60 mofo MPG..... it can be pimped out .... but i really need a truck.. I was told to check out the Lexus Hybrid version but I heard the Acura has a hybrid truck as well.....

question for yall is there such thing as a Carte Blanche card? ....i heard the American Express Black Card is by invitation only but back in the 70's there was a popular card.. Club Diner or something like that..... cant remeber....it was a prestige card but i dont know if it is still around
 
dacrazydeafdawg said:
yo blackops.. man to think i was the only one who experience that 180 degree turnaround..... mind ya i was in tiffany and co... and i wasnt in my business gear if ya will.. i was wearing a warrick dunn jersey and some gunit jean and some fresh new timbs and my atlanta new era fitted cap... and i have on some nice icy but anyway.. i walk into the store and i was just browsing around for some jewerly (diamond earring mofos lol the icy one not the cz kind lol) anyway

security's a trip in that store.. they'd be on some sercet service shyt.. but i try to give my business to the brother who was a saleman there (they get a commission there) and that nicca wouldnt give me the time of the day.. he was trying to say it wasnt in my price range and that I should go to Zales.. and i was like wtf....but I didnt let him fade me but i walk to another counter to this fine ass looking blonde salelady.. i told her i was a businessman that looking for some nice diamond earrings and $$ wasnt an issue ... she said she could hook me up with a business account...i said sure no plm.. she ask me for my business info.. and i didnt even hve to give her my driver license.. and her manager was giving me the 5 star treatment asking me if i want something to drink.. and keep in mind I was smiling like I won the lotto lol.. nicca was madddddddddd when i told the manager I wish all sale rep were just as accomodating as blondie was.. and the manager gave me a house discount of 25% in additional to the 15% discount lol..... I got approved for $50,000 on the spot and it only took them 5 minutes... I was like uh huh.. but i didnt spend anything that day and I still havent use the card yet, but it sure look good on my tradelines lol

as for the benzo..... i am gonna wait till they come out with a hybrid version lol....i test rode the Toyota Prius and that shyt only need to be fill up once a month that mofo get 60 mofo MPG..... it can be pimped out .... but i really need a truck.. I was told to check out the Lexus Hybrid version but I heard the Acura has a hybrid truck as well.....

question for yall is there such thing as a Carte Blanche card? ....i heard the American Express Black Card is by invitation only but back in the 70's there was a popular card.. Club Diner or something like that..... cant remeber....it was a prestige card but i dont know if it is still around
Yo Dawg, I can't believe that cat told you to go to Zales...wtf!!!! You trying to look out for a brother and give him your business and he's going to diss you like that (must have been an uppity house, only there for qouta but he don't know that kind of ni#$er).$50,000 on the spot I might havebeen tempted to buy something just to piss that cat off and, just return it maybe a day or 2 later.But, he probably assumed you were a drug dealer and probably tried to distant himself from you if the security was as tight as you say to keep them mofo from looking at him .But, anyway you look at it he was wrong.But, anyway congratulations on that trade line.Must have took big balls to walk into Tiffany's and apply for that loc.But, on that Carte Blanche I have heard of that card and not sure if it still exists.The black card by Amex was design to prestige/status qou (you got to have big chips to get one of them).
 
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