acervenkajgalt@alien.topBtoSmall Business•Advice request: I want to pivot my business but am short on fundsEnglish
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1 year agoHow sound is your corporate credit profile? It is something that is wildly underutilized by business owners because they’re never known that they can utilize non-recourse lending options if they have corporate credit based on their EIN
What is the vertical the business will be in? Multi member LLC with and Operating Agreement would be my suggestion for the sole factor of building that corporation’s EIN based credit. Having all parties involved working under one EIN will shortcut the process to get the business cash-flowing on its own two feet, so when money is needed for additional growth, none of you are needing to sign personal guarantees for it. That holds true for even CCs. But all dependent on what type of business it is