Credit Cards For Corporations
Author: Josua
Posted: Mon Jun 28, 2004 4:49 pm
Post subject: Credit Cards For Corporations
9/18/2002 11:53 am CDT
I have been searching for several months for credit for a non-profit-organization. Every application I have come across request the social security number of one of the executives and makes the decision based on that persons credit. We are trying to get company credit that is exclusively that of the company. We are funded by the government but must implement our programs prior to recieving govermental funds. If anyone has information on how we can get credit for the company exclusive of the officers, it would be greatly appreciated. This is to be used to benefit school aged children and their education. Thank you.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Mon Jun 28, 2004 4:52 pm
Post subject: Credit Cards For Corporations
9/18/2002 10:01 pm CDT
Just for a moment try sitting in the chair of the credit manager who is responsible for granting you credit. That person is responsible for keeping losses down to a minimum and granting credit only to those companies who can reasonably be expected to pay their obligations. What criteria would you use? Perhaps credit history? Oops, there is none. Ok, now where do we go? Well, we have to get personal guarantees from the principles.
This is a very common thing. I doubt you'll find altruism in the banking industry. If the business - profit or non-profit - doesn't measure up they'll always ask for personal information & guarantees.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Mon Jun 28, 2004 4:49 pm
Post subject: Credit Cards For Corporations
9/18/2002 11:53 am CDT
I have been searching for several months for credit for a non-profit-organization. Every application I have come across request the social security number of one of the executives and makes the decision based on that persons credit. We are trying to get company credit that is exclusively that of the company. We are funded by the government but must implement our programs prior to recieving govermental funds. If anyone has information on how we can get credit for the company exclusive of the officers, it would be greatly appreciated. This is to be used to benefit school aged children and their education. Thank you.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Mon Jun 28, 2004 4:52 pm
Post subject: Credit Cards For Corporations
9/18/2002 10:01 pm CDT
Just for a moment try sitting in the chair of the credit manager who is responsible for granting you credit. That person is responsible for keeping losses down to a minimum and granting credit only to those companies who can reasonably be expected to pay their obligations. What criteria would you use? Perhaps credit history? Oops, there is none. Ok, now where do we go? Well, we have to get personal guarantees from the principles.
This is a very common thing. I doubt you'll find altruism in the banking industry. If the business - profit or non-profit - doesn't measure up they'll always ask for personal information & guarantees.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 11:43 AM
0 Comments:
Post a Comment
<< Home