Business Credit Card Personal Guarantee: What It Is and Why Banks Require It
One of the first steps you may want to take when starting your own business is to apply for a business credit card. With a business card, you can charge everything from startup costs to expenses associated with day-to-day operations. But the card’s issuing bank will consider several factors for qualification. In addition to the industry you’re in, the size and structure of your company, and the amount of revenue you’re bringing in, the issuer will usually require a personal... read more »