Best Business Credit Cards For LLC To Build Business Credit Fast
3WayFunding 3WayFunding
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 Published On May 18, 2021

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Video Summary:

In this video, I, Houston, discuss business credit cards for LLCs. While I personally don't favor LLCs, I understand that many people have them and still want access to business credit cards and funding. I explain the components of setting up an LLC and the importance of filing taxes, even if you don't make any money. Filing taxes provides documentation and support from the IRS, which is crucial for future growth or potential sale of the business.

I also share a secret strategy used by my business partner to fund one of his companies when he was tight on money. He used a department store card to purchase Visa gift cards, which he then cashed out and deposited into his personal and business bank accounts. This strategy helps build a relationship with the bank and demonstrates financial activity.

I recommend Capital One Spark Classic for those with low credit scores, Wells Fargo Secured Business Credit Card for building a relationship with Wells Fargo, Costco partnership with Citibank for a Citibank credit card, BBVA Compass for a secured business credit card, Metro Credit Union for a secured business card, American Express Blue for a relationship-building opportunity, and Chase Inc. Business Limited for those with a credit score of around 660.

To increase your chances of qualifying for these business credit cards, consider opening personal and business accounts, making weekly deposits, and setting up direct deposits. For further assistance and consultation on building business credit for your LLC, you can reach out to Three-Way Funding through the link below the video.

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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.

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