Small Business Credit Cards With No Credit
You have no credit, but you're looking to apply for a credit card with no credit. Can you get a credit card for your small business when you have no credit history? While it's going to be hard to get one, let me give you some options that you can use in order to get, "credit."
#1 Start with prepaid cards - If you have the patience, get a prepaid business credit card that's going to build your credit score. They are out there, but you're going to want to make sure that you can deposit cash on them. As long as you put $250+ or so on them, you can build your score. Allow a few months to a year to see a difference.
#2 Try P2P loans - These loans are new to the Internet world, but many can get loans through them. They work in a cool way. What's going to happen is that you're going to ask the community for a loan. People like you and I are going to supply you with the money. You will pay us back interest, so it's a win-win.
#3 Check with the SBA - You may be eligible for a SBA (small business administration) loan. Consult with your local office and see if you can qualify for anything. While many people can't get approved because of strict guidelines, the worst thing that they can say is "no."
How can I get a credit card though?
I know you're probably asking me to give you the answers, but I will give you an honest answer. Your chances are going to be slim. What you're going to want to do is head to your local bank. I would recommend that you head to a corporate based bank such as Bank or America. They banks have lesser guidelines, compared to your smaller banks / credit unions. If you can ask them about options, they should be able to give them to you.
If you decide to apply online, look at the application process. Many banks will tell you today on exactly what you're going to need in terms of credit scores, history, and more. If you don't reach a certain percentage / number, you probably won't be qualified. I guess you can always apply for it, but you may find that you're just going to be rejected.
In this economic climate, it is hard to find a card that works for you, but if you test out some options above, you may find something that works for you!