Business Bank Account Reviews | 5 Best Bank Account For LLC Small Business

For people who need: 👉Personal Credit Funding, 👉Business Credit Funding, 👉Credit Builders,
Business Formation, 👉Investments, 👉Paystubs, 👉Credit Scores & Credit Reports, 👉Others

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Video Summary:

In this video, I discuss the best banks for LLCs and why it's important to choose the right bank for your business. Many people set up their LLCs without considering which bank is best for them, but this decision can greatly impact your ability to access business funding. While I have previously made a video on how to establish business credit for LLCs, it's important to note that for business funding, banks are primarily concerned with your checking account activity and personal credit, rather than paydex scores or net 30s.

The best banks for LLCs include American Express, Chase, Capital One, Citibank, Bank of America, Wells Fargo, U.S. Bank, and PNC. These banks are part of the Small Business Financial Exchange, which sets guidelines for good NAICS codes, an important factor in obtaining funding. Additionally, the information from these banks is shared with Dun & Bradstreet, a credit reporting agency.

When choosing a bank, it's important to consider which ones report to the most credit bureaus. Chase, Capital One, Citibank, and U.S. Bank are good options as they report to multiple bureaus. It's also important to make regular deposits into your business checking account, as this helps build business credit faster.

While net 30s can be useful for certain businesses, they are not as effective for obtaining business credit funding. Instead, focus on building a strong banking relationship and utilizing credit cards from banks that report to credit bureaus.

Other options for funding with challenging credit include companies like Rapid Finance, McKenzie Capital, and One Park. These lenders work with LLCs and offer funding options even with low credit scores.

If you have further questions about business or personal credit, or need assistance with your LLC, you can schedule a one-on-one consultation. Remember to hit the subscribe button and the bell icon for more helpful videos.

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DISCLAIMER:
The content of this YouTube channel is provided for informational purposes only and is not intended to constitute legal advice or financial advice. You should not rely upon any information contained on this YouTube channel for financial advice. Viewing this YouTube channel is not intended to and shall not create an client relationship between you and Houston Mcmiller or Business Credit America, Inc, or any of our associated websites. Messages or other forms of communication that you transmit to this YouTube channel will not create an client relationship and thus information contained in such communications may not be protected as privileged. Neither Houston Mcmiller nor Business Credit America, Inc, or any of our associated websites makes any representation, warranty, or guarantee about the accuracy of the information contained in this YouTube channel or in links to other YouTube channels or websites. This YouTube channel is provided ""as is,"" does not represent that any outcome or result from viewing of this channel. Your use viewing of this YouTube channel is at your own risk. You enjoy this YouTube channel and its contents only for personal, non-commercial purposes. Neither Houston Mcmiller, Business Credit America, Inc, or any of our associated websites, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.

Houston Mcmiller, Business Credit America, Inc, or any of our associated websites, may be compensated for the links we share with the public audience.

*QUICK DISCLAIMER: I AM NOT A TAX EXPERT. I AM A RANDOM GUY ON YOUTUBE MAKING VIDEOS IN A SPARE BEDROOM. DON’T LISTEN TO ME. CONSULT A QUALIFIED PROFESSIONAL FOR ANY TAX ADVICE.*"

[WayFunding]

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[MildredCalhoun-oixx]

Hello, I am a new follower, and a new business owner with an LLC

[Poeticgrace]

Houston, I appreciate your content so much! I have been following for about a year now. I just started my LLC this month. I tuned in tonight and was inspired to apply for the Spark card and I was approved! My first business Credit Card, this was the best part of my day! Thank You!!

[truthandfacts]

i love your video got me a experian 80 paydex score 💪🏾💪🏾💪🏾🔥

[taxhackers-io]

Where is the Link to the NIACS codes? Cant find the video

[naturalskincarehaircare]

Do you help people clean up their credit if so, what is your fee? Thanks again.

[AirbnbRentals]

Is there a restriction with the amount of business checking accounts you can have

[naturalskincarehaircare]

What documents would you have to show to get credit with Divvy or do they ask and go off your Experian credit score? Thanks Houston.