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.just one major credit card issuer offers a business credit card without a personal guarantee. The same goes for your business credit card. Business credit cards with no personal guarantee exist if you are able to qualify for one. How to get business credit cards with no personal guarantee. Business credit card applications often also require you to list an employer identification number, ein. A personal guarantee reduces the risk for creditors lending you money. That is unless your business meets certain requirements or you negotiate a personal guarantee waiver after the fact. There are many types of business credit cards out there, and some may be. A personal guarantee is simply a promise to repay any outstanding balance personally if the business is unable to. Businesses have credit ratings too. You can apply for business credit cards without having to give a personal guarantee. When applying for business credit card, generally entrepreneurs want to avoid a personal guarantee if possible. Hoping to avoid the personal guarantee most business credit cards require?
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A business credit card with no personal guarantee means you will not be responsible for your business's debt.
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Regardless of how many years your business has operated, if a number of business suppliers, most notably office supply and industrial supply companies, do not require a paydex score or personal guarantee in.
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