So the woman explained it pretty straightforwardly and the logic makes sense but I’m concerned about personal liability.

So she said that Banks arent going to give 50k in one line, but instead multiple lines which would be some business and some personal. This part tripped me up. Isn’t this just like using my personal credit card on the business? How will this affect my liability if the company gets sued or something else?

  • tnvolfan1@alien.topBEnglish
    1·
    10 months ago

    The fees and commissions are ridiculous.

    Secondly building business credit on your EIN would cure all this. No more personal guarantees, easily get credit lines of 50k and much better rates 0-5%.

    • ryanppax@alien.topOPBEnglish
      1·
      10 months ago

      EIN Could you elaborate? Just open a business credit card?

      I thought those fees were ridiculous. makes sense why they blew up my phone at all times of day