Retail Lease

[dsidhu]

I am looking into starting a business and need a retail location and have never dealt with leasing a location.

My question is, I'm going to be financing the startup business via a business credit line and business credit card which I have already qualified for ($20,000 each) -- Does anyone know how a landlord would feel towards a startup that is funded entirely on credit or do they just want to get paid and will go off my credit?

Thank you,
Dave

[ltressel]

Leasing you a place is based on your ability to pay the rent every month. They will want to run your credit see if you have a good credit history. They will probably ask for your first and last rent.

Credit worthiness is what's going to get your foot in the door, the question you need to ask yourself are:

1) are you of age to enter a lease agreement?
2) can your business sustain the monthly rent?
3) will this location provide you with the traffic that you need?
4) are the lease terms 1 yr, month 2 month, or 6 mos, at a time?

If your credit lines would provide you with checks, you can use this to pay things other wise, property management do not really have credit card machines to charge it off a credit card.

Hope this helps, Dave.

LT

[Paint and Air Sportz]

First step, to sign the lease, your land lord will want your 1st, second, and security rent so say the space is 2000k a month youll need 6000k to sign the lease.

Now this question you really need to go individuallly to the land lord, some may do it others may not. However if they dont, most business credit cars can issue a check, or you could get money from the atm, and get a money order.