THE IMPACT OF A BUSINESS ADDRESS ON BUSINESS CREDIT
A business credit card is a credit card issued in the name of a company. When properly constructed, company credit has no bearing on the owner’s personal credit. A company owner can get dealer credit cards, high-limit accounts with most big merchants, and fleet credit with business credit. Regardless of your personal credit score, you will be approved for company credit accounts. There is no personal credit pull when you create company credit properly. Payment history is more important than anything else when it comes to establishing business credit.
Building Strong Fundability
Setting Up Your Business to Be Fundable to a Lender
Getting a Separate Business Address
Your address will appear on all documents, loan forms, and more, much like a business phone number. Your company will be flagged as unestablished if you use your home address. If you have a UPS or PO box, the same rules apply. You’ll need a physical address that can be delivered as a business address. On Google Street View, lenders, credit companies, and others can look at your firm. You are inviting denials if they detect your company address as a home address. A simulated workplace is an excellent option. It’s a lot less expensive than renting an office. Alliance, Da Vinci, and Regus are three excellent office suppliers.
Davinci is a virtual office provider that offers live receptionists, video chat, conference rooms, and event spaces. Davinci is well-known all over the world. Mexico, European countries, South Korea, Hong Kong, Japan, and Brazil are among their most common non-US locations. Their price varies. For more information, visit: davincivirtual.com
What if Your Area Doesn’t Have Alliance, Reagus, or Davinci?
If you live near a border, speak to local computer groups or try searching out of state. For example, Alexandria, Virginia, and Baltimore, Maryland are less than 50 miles apart. By searching across the frontier, you can find a variety of additional choices.