Lesson 1, Topic 1
In Progress

No Personal Guarantee Accounts

Sam’s Club Business Revolving Account

Description: Sam’s Club is a warehouse retail chain offering office supplies, business furniture, vending items, janitorial/cleaning supplies, paper products, food service supplies, computers and more.

Reports to: Dun & Bradstreet and Experian Business

Approval Requirements:  Do not apply for this no personal guarantor account until you have at least 10 reporting trade lines and one trade line with a $10k credit limit reporting. Preferably you want to apply at a warehouse location in person. Complete the application and bring it into a local Sam’s club to submit for review. Leave the personal guarantee section blank, although a Sam’s Club employee may be persistent that this section needs to be completed, have them submit it as is since your aiming to get qualified on the strength of your business credit reports alone. Since this section will be left blank it may take 2-4 weeks for your app to be reviewed. You’ll need to supply your EIN, copy of a voided business check, copy of a utility bill showing the business address and phone number, and a copy of your business license. (if a business license is required in your state)

Payment Terms: Revolving

CLICK HERE to Apply

RaceTrac Fleet Card

Description: The RaceTrac Corporate Fleet Card is the ultimate tool for managing your fuel purchasing and vehicle maintenance costs. RaceTrac has always provided the highest quality gasoline at the most competitive price and every gallon of gas is guaranteed.

Reports to: N/A (can use as a trade reference)

Approval Requirements:  Do not apply for this no personal guarantor account until you have at least 10 reporting trade lines and one trade line with a $10k credit limit reporting. RaceTrac will require a personal guarantor for businesses under 3 years old, bu there are exceptions. If you can show strong financials then you may get no personal guarantor approved. They will check 411 listing, secretary of state for status of your corporation or LLC to make sure it’s in good standing.  You’ll need to supply your EIN, copy of a voided business check, copy of a utility bill showing the business address and phone number, and a copy of your business license. (if a business license is required in your state)

Payment Terms: Revolving

CLICK HERE to Apply

CSI Gas Card

Description: The CSI MasterCard Corporate Fleet Card is accepted at nearly every retail and diesel fueling location in the U.S. – that’s over 180,000 stations. It is the only card in the industry that offers real-time web based reporting and authorization control.

Reports to: Experian Business & Equifax Small Business

Approval Requirements:  Do not apply for this no personal guarantor account until you have at least 10 reporting trade lines and one trade line with a $10k credit limit reporting. They may still work with you if don’t meet the trade line requirement if you can show strong financials. They will check 411 listing, secretary of state for status of your corporation or LLC to make sure it’s in good standing.  You’ll need to supply your EIN, copy of a voided business check, copy of a utility bill showing the business address and phone number, and a copy of your business license. (if a business license is required in your state) Leave the personal guarantor section blank.

Payment Terms: Revolving

CLICK HERE to Apply

BP Business Solutions

Description: BP has specialized products to meet the needs of any business or fleet. Your company can earn rebates on fuel purchases and access your account anywhere, anytime with a detailed online account management tool.

Reports to: N/A (can use as a trade reference)

Approval Requirements:  Do not apply for this no personal guarantor account until you have at least 10 reporting trade lines and one trade line with a $10k credit limit reporting. They will check both your Dun & Bradstreet and Equifax Small Business report. Your business needs to be in business at least 2 years but some members have gotten approved since they had strong business credit reports established. They will check 411 listing, secretary of state for status of your corporation or LLC to make sure it’s in good standing.  You’ll need to supply your EIN, copy of a voided business check, copy of a utility bill showing the business address and phone number, and a copy of your business license. (if a business license is required in your state) Leave the personal guarantor section blank.

Payment Terms: Revolving

CLICK HERE to Apply