Hey, it's Ty with Credit Suite, in this short video, we're talking about
three different fuel cards you could get for your business,
and do not require a personal guarantee, and do not require personal credit
check so let's dive in. So per SBA, corporate
credit cards, business cards that are linked to your EIN
and not linked to your personal social, offer credit limits that are 10 to 100
times higher than with consumer credit. So a major
benefit for using business credit cards to fuel your fleet
of vehicles, then using consumer credit. And yet another benefit
is that these credit cards don't require good credit. They don't require
collateral and they don't require any proof of cash flow for approval, as a
matter of fact, when it comes to getting money for your business. Business credit
card is one of the easiest ways you can get
money because you don't need what's required
to get loans and credit lines, which is one of the three cash flow, credit, or
collateral. These cards, you don't need any of the three now,
remember, there are several things that you need to do before you dive in here,
business credit building is a process. So by now, before you start to apply, you
should have already improved your fundability. You should
have already gotten setup with Dun & Bradstreet and Equifax commercial
as well as Experian commercial. You should have already obtained
at least three to five vendor credit accounts on your business credit reports,
and you should have already obtained some
store credit as well. Some credit with retailers like
Amazon, like Walmart a lot of these fleet credit cards we're going to dive into want
to have five or eight minimum accounts on your
business credit reports before you can get approved for more
training on that. Visit our YouTube channel,
youtube.com/creditsuite or I have a free guide. You can grab a
business credit building, which you'll be on the bottom of my slides as well.
So Phillips, 76, is owned by Phillips 66 companies.
eighteen hundred retail fuel locations around the United States.
Now, this is a great corporate credit card to get because it reports to all
three Dun & Bradstreet, Experian, and Equifax Commercial. Now, to get
approved for this corporate credit card, you need to have an entity in good
standing with your secretary of state. Your EIN number needs to be in place. You
need to have a business address matching everywhere online from your
website to your secretary of state to what's on your bank statements to even
what's on Yelp and Yahoo. It needs to be a congruent address one of the biggest
reasons that people get denied for this credit
card. You need to have a DUNS number setup with Dun & Bradstreet, and
if you need a license for your business, you need to have that license set up, and
a business bank account, because they're going to ask you for a
bank reference as well. Now, if you're not approved based on your business credit
history or that you've been in business for one
year, they may ask for a five hundred dollar deposit and a personal guarantee. So I'm
giving you options here, if you've been in business one year, you can get
approved without the personal guarantee. If you have at least eight accounts
reporting on your business credit reports, you can get approved without the
personal guarantee. If not, they're going to want a five hundred dollar deposit and
you're going to have to provide a personal guarantee.
So there are ways to get approved without the guarantee and with the
guarantee. Now you know what they are, you can get
approved for net 22 terms if you apply online or over the phone
and you can get approved that 76fleet.com that's
76fleet.com. So let's dive into a second great option, which is Marathon. So
Marathon Petroleum Company provides transportation, fuels, asphalt,
specialty products throughout the United States.
They have a lot of stuff that deals with commercial, industrial a lot
of different ways you're able to use their corporate credit card.
Now, their card also, like many fleet cards, reports to all three reporting
agencies, Equifax and Experian commercial, as well as Dun
& Bradstreet. And to get approved, you again needed an entity in good
standing, and EIN set up your business needs
address need to match everywhere online. You need to have a DUNS number, a
a business bank account set up any licenses
that are required for your business as well. Now again, to get approved, you need
to make sure that you have at least five, preferably eight accounts already
reporting on your business credit reports. If you have that,
you're not going to have a deposit. You're not going to have a personal guarantee. If
you don't have that, then they're going to want you to be in
business one year or provide a guarantee and five hundred dollar
deposit. You can get approved with net 22 terms
at marathonbrand.com. So again, some options get approved with or
without a personal guarantee. It all comes down to how many accounts you
initially have reporting on your business credit
reports to build your initial business credit.
Grab that free guide at the bottom of these slides creditsuite.com/einguide.
that will help you build your
fundability get vendor credit, get retail credit before you get to the step,
which will make it easy to get these kinds of accounts without the guarantee,
without the credit check. Now, ExxonMobile,
12,000 locations around the United States. They also report to all three commercial
credit reporting agencies. They'll give you terms of a net 30 and
you can get a revolving credit card as well. The difference is net 22 has to
be paid off in full in 22 days a revolving credit card looks works just
like a normal credit card does. And you can get approved to
onlineservices.secure.force.com a little bit of longer link you might
want to take a screenshot of that to the exact link. But again,
onlineservices.secure.force.com could take you to ExxonMobile account.
Now, to qualify an entity a good standing and EIN number,
that DUNS number with Dun & Bradstreet, your business address needs to match
everywhere. You need to have that business bank account for bank
reference. You also need to have a license, and again, if not approved,
because you don't have enough accounts or one your time in business,
they're going to want that guarantee. They're going to want that 500 bucks down.
So those are three of our favorite fuel cards here at Credit Suite you can
actually get for your business EIN that's not linked to your
personal social. For more information on building your business credit,
visit us online at creditsuite.com/einguide to grab our
guide that's been download over one million times this thing's been
downloaded. The whole business owners, just like you,
build corporate credit for your business EIN that's not linked to your personal social.