How To Get Business Credit For A New LLC - Smitty The Goat - Social Proof Podcast ep. 359

#entrepreneur #smallbusiness #podcast #howto

Smitty The Goat goes on the Social Proof Podcast with David Shands, explains how you can leverage your personal credit to get a business loan for a new LLC.

This clip comes from the video titled "How To Fund Your Freedom - David, Ramel, Derek & Smitty #359"

[justcoupon]

But that inquiry still hits your personal credit and remains for 2 years. And signing as a guarantor means that if you should happen to make a mistake or fall short on the business loan, they’re coming after you personally, correct?

[Inner-CircleCollective]

Listen carefully, people. You can ONLY do what he just said (less than 60 seconds) if you ALREADY have good personal credit. So if you do not already have good PERSONAL credit, do not get excited!

[ososaucy]

Why is if your personal ain’t the best then what can I do?

[cyrilsmith]

Great, so what’s the LLC do? Is there any revenue? Will any one of these experts discuss servicing that DEBT?

[drgreenthumb]

Does that crack the door open to piercing the corporate veil

[jplandscaping]

That’s cap you need to provide a business plan on how you will use the funds with no track record