What is Apple’s Business Credit Account?
Apple’s Business Credit Account is a financial solution that allows businesses to purchase Apple products on credit. It functions as a line of credit underwritten by CIT Bank, making it easier for businesses to acquire essential equipment like MacBook Pros.
Do I need a good personal credit score to qualify for this program?
No, the unique aspect of Apple’s Business Credit Account is that it evaluates your business’s creditworthiness primarily based on your Employer Identification Number (EIN). It does not typically require a strong personal credit score.
What types of Apple products can I finance through this program?
You can finance a wide range of Apple products through the Business Credit Account, including MacBook Pros, iPads, iPad Pros, Apple Watches, AirPods, and even monitors and other equipment that are essential for your business.
Is there a maximum credit limit for this financing option?
Apple and CIT Bank determine the credit limit based on your business’s credit profile. The credit limit may vary from business to business. However, it is typically tailored to meet your business’s equipment needs.
Can I add more equipment to my credit line later if needed?
Yes, one of the advantages of this financing option is that you have the flexibility to add more equipment to your credit line as your business grows and your needs change. You can contact CIT Bank to discuss increasing your credit limit for additional equipment purchases.