In the world of business, credit cards are a vital tool for managing expenses and cash flow. But did you know that it's possible to get multiple business credit cards? This guide, based on insights from the Business Credit Workshop's video titled "How to Get Multiple Business Credit Cards! Unlimited Funding!!", will walk you through the process of obtaining as many business credit cards as you need.
The Process of Getting Multiple Business Credit Cards
The process of getting multiple business credit cards involves more than just applying to the major banks. It requires a strategic approach that involves seeking out local community banks and credit unions that offer their own business credit cards. These institutions often have their own underwriting process, which means you can get multiple cards from different banks.
How to Find Local Community Banks and Credit Unions
Drive Around: Keep an eye out for banks as you drive around your local area. Write down the names of any banks you see, especially those with only one or two branches.
Online Search: Use Google to search for "banks near me". This will give you a list of banks in your area, including local community banks.
Networking Events: Attend networking events for small business owners. These events often attract representatives from local banks who are looking to attract new business.
SBA Lender List: The Small Business Administration (SBA) maintains a list of banks that are friendly to small businesses. While you're not necessarily looking for an SBA loan, this list can be a valuable resource for finding business-friendly banks.
Expanding Your Search
Once you've exhausted the list of banks in your state, consider expanding your search to surrounding states. Many banks are willing to offer business credit cards to businesses in other states. This can significantly increase the number of banks you can apply to.
Applying for Business Credit Cards
Once you've identified potential banks, the next step is to apply for their business credit cards. Some banks allow you to apply online, while others may require you to visit a branch in person. Be prepared to provide information about your business and your financial situation.
Remember, the goal is to get multiple business credit cards, so don't be discouraged if you're not approved by every bank. Keep applying until you've obtained the number of cards you need.
Conclusion
Getting multiple business credit cards is a viable strategy for managing your business's finances. By seeking out local community banks and credit unions, you can obtain as many cards as you need. Remember, this process requires effort and persistence, but the payoff can be significant.
If you have any questions or if you have a favorite bank in your state, please leave a comment below. For more detailed information on this process, consider registering for our Business Credit Card Masterclass.
Disclaimer: Always ensure you can responsibly manage any credit you apply for and understand the terms and conditions of the credit cards before applying.
Joe Lawrence Bio
Joe Lawrence is a best selling author and investor from central New Jersey who helps small business owners obtain large lines of business credit. Working in real estate, he discovered methods to line up cash quickly as a means to fund his business.
He takes pride in correcting the myth that only “older, large companies can obtain lines of credit.” His company, Business Credit Workshop, teaches the methods to develop a rock-solid business credit profile as well as the little-known techniques on how and where to obtain business loans in today’s market.
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