what's the BEST way to obtain credit when starting a new small business?

Peter Lapoint: May be you want to consider this,please check this out:http://greatbusinesscreditcard.blogspot.com/2008/1...

Rosio Pasculli: Stay away from capital one! I am not sure how tight the credit market is now for SB since I am established. Believe it or not, Capital One (was) giving out 100K lines of credit on a credit card with barely any documentation. Just wait until you have been in business for 1 year and watch the solicitations come in the door.Personally, I took out a personal loan and used 10,000 of my own savings . Once you get going a bit, you can take out the loan and put some of the cash back into savings. If you have a house you can secure the loan against the mortgage if you have enough equity.Also, if you are by chance a Veteran, there are quite a few state and federal government options available. You can also check out your local SCORE chapter, they are an invaluable resource for setting up a business plan that will help if you need to! go to a bank. If you follow the loan route, you should be prepared to show you are putting some of your own assets up against the business. Example, don't go in and expect to get 100% of the money you need. If you need 100K total, then you should have 20K of your own money and be borrowing 80K.Hope it helps!...Show more

Jamika Gregorio: There are some companies that are out there to help entrepreneurs establish business credit. One is Business Credit Services. Their website is http://incorporate.com/business_credit.html I have no clue what they do to help, I just know they're there.

Tobie Oshea: I'd start off at your bank. If you haven't already got checking and savings accounts in your business name, start there. After that, you can apply for a small business loan and/ or line of credit through your business's bank.As a small business without a credit history, they will usually look at your personal credit history to decide how much to start off with. Wi! th a small amount (under $15,000 for example) you usually don'! t need to bring in much paperwork, although with the economy as it is, that may have changed. The loan or credit line will be in the business name so that will get you started....Show more