How do I establish credit with a new EIN?
Establish credit trade accounts with several companies that offer revolving credit lines. Use your EIN when filling out applications, charge what you need and then pay the amount in full and before the due date to establish good credit. Companies like Dell, Staples and Lowe’s often work with new businesses.
Can you get a business credit card with no revenue?
Not having any business revenue yet is not necessarily a deal-breaker on a business credit card application. Applicants can enter $0 as revenue as long as they are able to list personal income later in the application.
Can I use EIN instead of SSN?
Use EIN for your business’ tax filings and payroll
When filling out forms for your business, use its EIN wherever an individual would normally use an ITIN or SSN. For example, when applying for a business bank account or loan, you can apply with the business’ EIN instead of the business owner’s SSN or ITIN.