⏰ Estimated read time: 4 minutes
FEATURED
1. Research and choose a business credit card
Annual fee $0 | Annual fee $150 | Annual fee $0 |
Regular APR 18.49%-26.49% Variable APR | Regular APR N/A | Regular APR 18.49%-24.49% Variable APR |
Intro APR 0% intro APR on purchases for 12 months from the date of account opening | Intro APR N/A | Intro APR 0% intro APR on Purchases for 12 months |
Recommended credit score 690-850good - excellent | Recommended credit score 720-850excellent | Recommended credit score 690-850good - excellent |
2. Understand the personal guarantee
FEATURED
3. Gather your application information
- Tax ID number: If you don't have a separate tax ID for your business (and many entrepreneurs don't), you can use your Social Security number.
- The business's name: If your new business has a legal name, put it here. If not, put down your own name instead.
- The legal structure/entity type: Sole proprietorship, corporation, partnership or LLC.
- Business address and phone number: Use your home address and personal phone number if you don’t have a separate business line or location.
- The date you started your business: This one is pretty straightforward.
- Total annual revenue for the business: Put $0 on your application if your new business doesn’t yet have revenue.
- Type of industry: This is "what you do" in your business, such as transportation, construction or general services, for example.