- Centurion Member
- Posts: 179
- Joined: Fri Apr 12, 2013 4:47 pm
- Location: Indianapolis, IN
This depends on the card, the issuer, the business, the business owner, and a lot of small factors added together. Overall for Small Business, it works like personal credit. For corporate, it's a little bit different.
If you're a small business owner (less than 1m/year), and you apply for a Capital One spark, or Chase Ink, or Amex Business, you'll most likely be going off your personal credit, and the limit will likely be determined by the limits on your other cards, combined with business income and personal credit history. I'll tell you that Capital One asks for business revenue, and otherwise is exactly like a personal application. I'm not sure what the limit would be, as I didn't apply.
If you're over the 1m/year mark, you will be probably looking at corporate cards, like the Amex Corporate cards my company hands out. Ours are all charge cards, and I asked a VP if he knew the spending limit. He said he'd never hit it even when paying for 20 person trips, so I imagine it's in the several 10's of thousands, if not hundreds of thousands. This would be based on revenue, and since we're part of a several billion/year company, I can't imagine it's low. I doubt you're in this scenario if you're asking on a forum, though.
TL;DR - same as you would get if applying for a comparable credit or charge card as an individual, but without details about your file, we can't guess.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680