How Do You Apply For Credit Using An EIN?
An employer identification number (EIN) can only legally be used to apply for business credit. Using an EIN in place of a Social Security number on a personal credit application is against federal law, and can lead to criminal prosecution and fines. However, those who run businesses can easily use their EIN to apply for credit. This guide will outline the steps for such credit applications and note what additional business documents may be required from prospective business lenders. Look up your EIN if you do not know it by memory. If your company does not have an EIN, you can obtain one online or over the phone from the Internal Revenue Service. Decide what kind of business credit you need for your firm. If you do not want to use your personal credit history, then you may not be able to apply for cash loans using only an EIN. However, most businesses can apply for and receive corporate credit cards, invoice accounts, and sometimes vehicles using just an EIN. Visit the website, store o
