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 HPI Mini Trophy Forum |
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 HPI Mini Trophy Forum |
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Introduce yourself to the rest of the community of MTDT fans.
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Yesterday 02:17 AM 
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Post your general discussions of the HPI Mini Trophy truck in this area.
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04-05-2013 04:48 PM
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Post discussions about the HPI Mini Trophy truck drivetrain in this area.
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Yesterday 10:32 PM
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Post discussions about the HPI Mini Trophy truck electronics in this area.
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Yesterday 09:41 AM
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Post your HPI Mini Trophy Mods in this forum.
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Yesterday 01:40 AM
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A place to discuss wheels and tires for the HPI Mini Trophy truck.
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02-24-2013 01:05 AM
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Post all of your product reviews for the HPI Mini Trophy.
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01-26-2013 03:25 PM
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Share your pics and videos of the MTDT!!
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04-10-2013 04:20 PM
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| TSA Motorsports |
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EnVus Motorsports Supercar Rental Highlights
News from TSA Motorsports, inculding upcoming races and builds.
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10-27-2011 04:33 AM
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| Lounge Forum |
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The Basement is the area to discuss off-topic items or other RC cars. No Politics or Religion please.
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04-10-2013 05:28 PM
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Post up special events that your local track is having to showcase the HPI Mini Trophy truck.
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10-12-2011 06:56 AM
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| RC Links
Vendor Section, For Sale Section and Wanted Sections.
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Products and Services from the HMTF Sponsors.
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04-09-2013 03:57 AM
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Items from your personal collection of HPI Mini-Trophy Desert Trucks. No other vehicle sales.
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01-24-2013 09:05 PM
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Watned items for the HPI Mini-Trophy Desert Truck. No other vehicles in here.
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02-05-2013 10:44 PM
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| What's Going On? |
 HPI Mini Trophy Forum Statistics |
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Threads: 478, Posts: 3,288, Members: 577, Active Members: 98
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All times are GMT. The time now is 12:21 AM.
The Difficulties Of Building Corporate Credit Without A Personal Guarantee
Obtaining corporate credit today without any personal guarantees is not easy. In order to do this you must establish a successful business track record with lending institutions, and always pay your debts back on time. You need to separate personal finances from business and use your positive business credit history to establish a good reputation.
To obtain a commercial loan or line of credit is very difficult without putting up an personal guarantee or some type of collateral. Getting corporate credit, a business owner is going to have to build up their business, especially in the area of credit where they show a positive track record, along with a low amount of debt compared to the revenues that the company brings in.
To establish your credit worthiness you first need to apply for business credit cards. These corporate credit cards are the beginnings of hopefully a successful relation with banks. It may take years before you can build up enough corporate credit where you can get a commercial loan with no personal guarantee.
It also depends on the state of the economy, and unless you have a huge positive cash flow and a track record of doing business with big lenders, nobody will give you a loan without a personal guarantee. It simply will not happen until you prove yourself over time in the business community.
Most business people understand they aren't going to go up to a commercial lender and get a loan without offering up some type of collateral. They need to see some record of corporate growth from you, a positive history of paying your debts on time and also not much debt on the books. In order to get a commercial loan with no personal guarantee you will need to establish a relationship with the lender.
All of your finances will be looked over and even then you are not guaranteed to get the loan you want. These commercial lenders do not just hand out money anymore unless there is something in it for them. You may be able to work something out where they get a piece of the business in exchange for no personal guarantee, but even then that is risky because that is sort of collateral and you could end up losing everything.
Building corporate credit without personal guarantee as you are well aware of now is not the easiest thing to get. Over time perhaps, but not until you show a positive track record of business success.
