smalls
Well-known member
I recently started a new job with a small business here in Helena. When I say the business is small, I mean it as other than the owner...I am the company. I like to refer to my office as "World Headquarters", not that I am getting a big head about it or anything.
The guy who owns the place owns several other businesses and really is pretty well off. Last week he tells me to get a credit card in the businesses name so that I can keep my expenses separate from his other entities. So I start trying to find the best deal in business credit cards only to figure out after a couple of hours that there really is no "best deal" as there is essentially no deal at all. Not one of the major banks I researched were taking applications via online or over the phone, and they all suggested I go to an actual local branch to apply for a business card. I went to a local branch of a major bank to be told that they, too, are not accepting applications.
The owner went to the bank he uses for his other businesses (which are all quite profitable) to set up a line of credit for this new venture and.... denied.
Luckily we have enough revenue to do everything we need right now (like pay me), but when it comes time to purchase equipment or try and expand at all I think we are going to have a tough time unless this credit loosens a bit (or a lot).
Any one else going through any similar small business frustrations?
The guy who owns the place owns several other businesses and really is pretty well off. Last week he tells me to get a credit card in the businesses name so that I can keep my expenses separate from his other entities. So I start trying to find the best deal in business credit cards only to figure out after a couple of hours that there really is no "best deal" as there is essentially no deal at all. Not one of the major banks I researched were taking applications via online or over the phone, and they all suggested I go to an actual local branch to apply for a business card. I went to a local branch of a major bank to be told that they, too, are not accepting applications.
The owner went to the bank he uses for his other businesses (which are all quite profitable) to set up a line of credit for this new venture and.... denied.
Luckily we have enough revenue to do everything we need right now (like pay me), but when it comes time to purchase equipment or try and expand at all I think we are going to have a tough time unless this credit loosens a bit (or a lot).
Any one else going through any similar small business frustrations?