You’ll need a personal credit score of 700 or better to access this option, but if you need more credit than one card can provide and other financing options are not yet available to you, it can be the short term financing solution you need while saving you time. A financing company will work with you to apply for multiple business credit cards at once. Provided that you use these cards wisely and make all your minimum payments on time, you can quickly build your company’s credit history, which may help down the road when applying for other types of financing.
Do be careful with this strategy though. If you’re not certain of your ability to keep track of your cards and pay each one on time every month, you can easily destroy your credit rating before your business has a chance to get off the ground.
