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  1. #1
    op3nforbusiness is offline Junior Member
    Join Date
    Jun 2009
    Posts
    3

    Help With Corporate Credit

    so heres my dilemma, i just bought a corporation from someone selling one, its been established almost 2 yrs in 2007 and has nothing done with it at all, what i really would like to do is open some kind of franchise such as a subway or something like that and use the corporation for financing, if anyone can help me i would love it or recommend a company that can help establish credit lines would love that as well, please help a fellow entrepreneur and give any info you might have... great thanks in advance.. im not trying to get rich just want something of my own thanks

  2. #2
    op3nforbusiness is offline Junior Member
    Join Date
    Jun 2009
    Posts
    3
    someone help

  3. #3
    StealYourDreams is offline Senior Member
    Join Date
    Apr 2008
    Posts
    181
    You probably wasted your money. Unless the company has established tradelines it hasnt taken any steps towards establishing credit and anything you attempt to finance is going to require a PG.

  4. #4
    bananaman is offline Senior Member
    Join Date
    Sep 2008
    Posts
    108
    If the corporation has never traded, with no credit history, the only thing you can do to get credit is use the corporate assets(or your personal assets) as security.

    Good luck.

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