Quote:
Originally Posted by cabmando
Is the Volvo financial loan in your LLC name using your EIN with you giving personal guarantee? If so you're technically building credit for the business. You'll get business credit once your business has enough cash that it doesn't really need credit. I wish I was joking but until your business has enough assets to cover the credit desired, you're always going to be personally on the hook.
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IIRC that's how the truck was purchased. Honestly I don't want to even try to expand until both trucks are paid off, in a little less that two years. I'd hope at that point a couple of paid off assets are worth something. Then maybe double up to four trucks. The work is certainly there.
My thought was that if there are other things I should be doing to establish a credit history, I'd want to know about them.