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Old 11-30-2013, 01:22 PM
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snomaha snomaha is offline
LawnSite Senior Member
Join Date: Jan 2004
Location: midwest
Posts: 779
Originally Posted by AdvLandscapeLLC View Post
Thanks for the help guys, when you do these personal guarantees does it effect your personal debt to credit ratios? Its just I cant figure out how these smaller companies finance all this equipment its very frustrating. I pay a ton in rental costs every year and my payments on a loan would be half to a quarter of that.
My experience - I have never had any of my business personal guarantees show up on my personal credit score.

We have a Dunn & Bradstreet # that is the business equivalent of a personal FICO score.

Are you renting all your equipment right now? Do you have any credit history with vendors? You can use them as credit references if you have paid your bills on time.
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