Once your account is set up, you can create separate accounts for each of your organization’s companies, locations, or departments. Then, you’ll receive easy-to-read monthly statements that list your itemized transactions and product-level details for each invoice. Pros: Cons: However, there are some fees that you may be subject to. There’s a fee of 2% per month or an annualized rate of 24% for late payments. There’s also a $29 returned check fee. To apply, you’ll have to provide the following information:
Business nameBusiness address, phone number, and email addressBusiness typeAnnual revenueTax ID numberInformation about the authorized representative or owner
When you fill out the form, you’ll be given the option to provide a personal guarantee. The personal guarantee is optional, but it may be required if your company has been in business less than two years or doesn’t have an established credit history. There are a few types of businesses that are best-suited to these lines of credit: Established businesses Businesses that can pay their bill in full The credit card also comes with cashback rewards. Here are a few alternatives you might want to consider: BlueVine Business Line of Credit
