How to Limit Personal Liability
Vinicio Sanchez
Entrepreneur | Owner of Three Successful Businesses | Driving Innovation and Growth
By building a creditworthy company, creditors and lenders will be less likely to require a personal guarantee to secure financing. Your business debts and financial obligations would report only on your company’s credit reports. Also, you will stop relying on your personal credit to obtain financing, which limits the amount of credit report inquiries being pulled on your personally. This will also allow you to obtain more favorable rates on lines of credit compare to an individual.
However, big banks decline 80% of the businesses that apply for a business loan. This is one of the key issues that many business owners are facing today. Many would like to build credit for their business but there are no lenders who would help them.
We have helped numerous companies to build credit for their business by getting a business loan with our lenders, resulting in added revenue and less cash flow issues.
We only require a short application, and four months of your business bank statements to start the application process.
If this is something you're challenge with too, contact me for a free consultation here or at [email protected]
Partner
3 天前Vinicio, I really appreciate what you've shared!