The Small Business Credit Application Process

For most types of small businesses, the credit application process is generally pretty straight forward. In fact, most small business credit applications are a one page application forms. In many cases, you can have a decision in a day or two, with some creditors even offering credit decisions in under an hour.

Types of Small Business Credit

There are many types credit options available to small businesses; however, the most popular are business credit cards and revolving lines of credit. Large credit companies, like American Express and Citibank, are known to offer an expansive array of business credit card products and make applying for the cards quick and convenient. You can apply online with a quick application and approvals are usually issued instantly.

Also, many small businesses use popular wholesale clubs to purchase inventory and supplies. The wholesalers also offer credit lines to help the small business owner free up cash for other expenses. To apply, you should see the customer service desk and ask for an application. The application is short and easy to complete. In most cases, you will have a decision before you finish your shopping.