Just as you can build credit for your SSN, your business can also build credit for its EIN. When done properly, your business can qualify for credit based on this EIN not needing your personal guarantee. So, think about like this:
- If you buy a car, it’s your choice whether or not you want to add a co-signer or not to the application
- If you add them, both of your credit is used for the approval decision, but you can also apply alone without another signer
- In this case, mentioned above, only your credit would be used to determine your approval.