Overhaulin'

How does one apply for a car loan using new company credit?

My mom just opened her own woodworks business and wants to apply for a car/ truck loan. She wants to apply for it using her small business credit, not her personal credit.

Public Comments

1. The only way your mother can apply for a loan in her business name is if she obtained a EIN (Tax I.D) number from the IRS. http://www.irs.gov/businesses/small/article/0,,id=98350,00.html Its free to get one, however when it comes to Tax time she will need to file additional forms. If your mother has employees she will have to obtain a EIN number anyways for tax filling. Hope this helps!!!