step 1.2 Business Address
Do you have a business address?
OVERVIEW
In order to have a strong business foundation, your business should use a business address. Most lenders prefer that you have a physical address but, in a bind, you can use your residential address. What’s most important is that your business address shows the same on ALL business records.
Do NOT use a PO Box for your business address. Many lenders see this as a higher risk business address.
What’s most important is that your business address shows the same on ALL business records.
In order to have a strong business foundation, your business should use a business address. Most lenders prefer that you have a physical address but, in a bind, you can use your residential address. What’s most important is that your business address shows the same on ALL business records.
Do NOT use a PO Box for your business address. Many lenders see this as a higher risk business address.
What’s most important is that your business address shows the same on ALL business records.
VIDEO, BUT TO SAME TIME, WE PROVIDED YOU THE TRANSCRIPTION:
Does your business have a physical business address?
Why does your business need a physical business address? A physical business address isn’t required to build business credit but we do recommend it. Many lenders prefer to see applicants with a business address. A business address can increase the credibility of your business. Don’t use a PO box as a physical business address. Lenders feel concern when a PO box is the only business address. You can use a PO Box for a mailing address but in this situation, your business should also have a physical business address. If needed, you can use a residential address, especially when there are budget concerns. Just keep in mind that some lenders may not be interested in financing a home based business.
The business address you use should be able to stay with your business long term, isn’t shared with any other businesses and should be listed as an actual address with the United states postal service, including the suite number if applicable.
Now, it’s time to set up your business address.
ACKNOWLEDGE THE FOLLOWING:
Why does your business need a physical business address? A physical business address isn’t required to build business credit but we do recommend it. Many lenders prefer to see applicants with a business address. A business address can increase the credibility of your business. Don’t use a PO box as a physical business address. Lenders feel concern when a PO box is the only business address. You can use a PO Box for a mailing address but in this situation, your business should also have a physical business address. If needed, you can use a residential address, especially when there are budget concerns. Just keep in mind that some lenders may not be interested in financing a home based business.
The business address you use should be able to stay with your business long term, isn’t shared with any other businesses and should be listed as an actual address with the United states postal service, including the suite number if applicable.
Now, it’s time to set up your business address.
ACKNOWLEDGE THE FOLLOWING:
- THE BUSINESS SHOULDN'T USE A PO BOX AS THE PHYSICAL BUSINESS ADDRESS. LENDERS TYPICALLY VIEW THIS TYPE OF ADDRESS AS HIGHER RISK.
- MY BUSINESS ADDRESS IS THE MAIN BUSINESS ADDRESS. THE SAME BUSINESS ADDRESS SHOULD BE USED ON ALL BUSINESS RECORDS.
- A BUSINESS CAN USE A RESIDENTIAL ADDRESS AS THE BUSINESS ADDRESS. CLICK TO LEARN MORE ABOUT THIS BEFORE PROCEEDING.
establish a busness address
It’s important for a business to have a business address. In order to have a strong business foundation, your business should use a physical business address. Most lenders prefer that you have a business address but, in a bind, you can use your residential address. Do NOT use a PO Box for your business address. Many lenders see this as a higher risk business address. What’s most important is that your business address shown the same on ALL business records.
Resources
Special instruction:
When selecting an address with Davinci you will want to pick a location with this verbiage – “Private Mailbox Number Issued/Required”
NOTE:
Davinci is a new account added to our network. Contact us your experience so we can continue to provide great feedback and recommendations.
When selecting an address with Davinci you will want to pick a location with this verbiage – “Private Mailbox Number Issued/Required”
NOTE:
Davinci is a new account added to our network. Contact us your experience so we can continue to provide great feedback and recommendations.
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