Secured Business Credit Cards Without Personal Guarantee

Negotiate a waiver with the issuer.

Secured business credit cards without personal guarantee. There are two ways you can get business credit cards with no personal guarantee requirements. Small business credit cards without a personal guarantee are very rare. Many people may tell you that it s impossible to obtain a business loan without a personal guarantee. The key is having access to a diversity of credit so your company has more choices and more options.

Use your relationship with the bank. Some issuers may waive the credit card personal guarantee for businesses that fit. A representative of the company almost always has to agree to personally pay any balances the business cannot. While this is generally true for a brand new business if you plan for it from the outset you can build your business credit fairly quickly and potentially eliminate the need.

You just have to make sure to pay your balance on time. But opportunities to do so are generally reserved for companies with big league revenue and considerable cash reserves. While business credit cards with no personal guarantee may be on your wish list don t let it be the only source of financing your company has access to. There are several easy approval business credit cards.

They include capital one spark classic for business the staples business credit card and the wells fargo business secured credit card. Technically the answer is yes you can get select business credit cards without a personal guarantee. Large corporations with tens of millions of dollars in annual revenue can get corporate credit card accounts using their assets as collateral. Both of them rely on your business s financials and credibility rather than the cards themselves.

This can give you great credit card options with generous rewards and the chance to build your business credit. If you can t get a business credit card without a personal guarantee your only credit card option would be a standard small business credit card. How to secure business financing without a personal guarantee. That s because the easiest business credit cards to get only require fair or bad credit.

How to get business credit cards with no personal guarantee. We ll dig into the details starting with the basics. Corporate credit and charge cards are the main way to get around a personal guarantee for a business card but they re definitely not for every business.