Selecting the Perfect Business Address for Your Company
Choosing the right business address is a crucial decision that can significantly impact your company’s success. Avoid using the address from your registered agent, as many lenders view this as a red flag. Instead, select a distinctive address for your business that is separate from your registered agent. For optimal results in securing business loans, consider using an executive office as your primary address; a virtual office comes in as a close second, while a home address can serve as a temporary solution until you find a more suitable option.
Leverage Public Records to Strengthen Your Position
Ensure the address on your loan application aligns perfectly with the public records filed with the Secretary of State in both your registration state and where you are conducting business. If you make changes to any public records, remember that they should be consistent across all platforms to maintain credibility and avoid complications.
How to Find the Ideal Business Address
Be cautious when selecting a business address; steering clear of high-risk addresses is vital for safeguarding your company’s reputation. Avoid virtual office providers that don’t require a photo ID or a notarized USPS Form 1583. These lax practices can attract scammers, who often flock to addresses without strict identification validation. A high-risk address can label your business as high-risk to lenders and hinder your chances of obtaining necessary funding. It’s imperative to choose an address that verifies the identities of its clients to protect your business.
Understanding High-Risk Addresses
Business addresses associated with UPS Stores or similar mailbox services are also viewed as high-risk by lenders and credit reporting agencies. This perception arises from the high volume of businesses sharing the same address.
Connect the Business Address to the Company Phone and Company Website
Once the company address is resolved, then use it for the billing address of the company phone number under the company name. Then do the same for the website and public records.
Congratulations on your decision to start your business. Our goal is to boost your efforts and empower you to succeed in business lending with an aged-shelf company.
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