Sentences with phrase «business credit limit»

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In other words, whatever your business credit limit is, you should keep your balance at 50 % or less.
Much to my surprise, Chase denied my business credit limit increase.
See related: Qualifying for business credit cards is personal, Business card benefits outweigh limitations for most businesses, How to keep a small - business credit limit from being cut
If you own a small business, you may already know it can be quite difficult to get a business credit limit nowadays in the US, especially if you don't have a good or excellent business credit score.
For example, you may be using your personal credit to make purchases for your company so that you keep the business credit in reserve for when it's really needed, or you may have held off on requesting an increase in your business credit limit.
Basically, my own TD Bank credit card limit would be lowered by whatever credit limit I chose to award the business; so essentially, I am only good for so much credit overall with them, and I can split it any way I want, and I didn't go any farther than that but I assume I would have had to personally guarantee whatever the business credit limit became.
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