If you have bad credit and own a business then you might have found that it is difficult to get an unsecured business credit card. However, credit cards for businesses can be very useful and it is a good idea to have them for purchases that are unexpected or that cost more than the cash that you have on hand. They are especially useful if you have employees that are expected to make purchases for your business as it is an easy way to control spending with online account monitoring and limits already in place.

There are a couple of options for getting unsecured business credit cards. The first is with your own credit. If you are the owner of the business and your credit is good enough, you may be able to get an unsecured credit card for your business that is in your name, or in your business name, based upon your own good credit. Of course, if this is impossible because of your credit history then you will have to consider other options. This should be your first, however, so talk to your bank or financial adviser to see if you can do it this way.

If you cannot qualify for a business credit card yourself then the next step is to see if your business entity itself can qualify for a non secured business credit card. Many companies have a visa card or other credit card unsecured based upon the credit history of their business. If your business is three or more years old, then you may have built a solid credit history under your business name. Ask your bank, where your business checking account is located about your business credit. You may be able to qualify for this type of credit card.

If your business has more than one owner, or if you have an employee that you can trust you may want to consider a business credit card with their credit history. This can be dangerous, but it can also be done as a last resort, and if you give the employee some sort of stake in the business, then they may be more willing to consider allowing you to apply for a business credit card with their good credit. However, this should only be done if all other options have already been exhausted because it can backfire on you and quite badly if you aren’t careful.

If you need an instant business credit card, then you may be able to find one in the form of your business debit card. Apply for a business line of credit at your bank or credit union. You may be approved almost immediately, or within a few days and find that you have a line of credit attached to your business account to make purchases without the money actually coming out of your bank balance. Your interest rates and fees will vary by financial institution so make sure that you do your research carefully and pick the best bank to do this with.