How Do You Apply For A Loan Using An EIN Number?
Applying for a loan using an employer identification number, or EIN number, can only legally be done as a business entity. Using an EIN in place of a social security number on a personal credit application is a crime. However, legitimate businesses with an EIN number and other corporate documents, such as a license and state incorporation, can apply for loans and credit cards. In some cases, however, the owner’s social security number may still be required. Visit your local bank or credit union. Ask the teller if you can apply for a business loan using your corporate information. Provide your EIN number to the representative with whom you meet, and offer company information, such as the year it started and the nature of the business. Visit websites of major lenders, such as Wells Fargo and Citibank (see Resources). They each have programs where businesses can apply for credit cards and loans using their EIN number. Select a program and apply for it, providing your personal and business
