· Premium Member
I know in Oklahoma when we have sold fleet units one must use the company's tax id number on the credit application were as we obviously use our ssn. Not sure about other states or maybe its just GM Financial (who writes the paper for business purchases for us) but the owner of the business must go on the credit application and loan like a co-signer to basically guarantee the loan in case the business goes under.. Even if the company's owner was to come in and write a check we still must get the tax id and owners info and submit it (not sure who to) to ensure its not being purchased for terrorist or any kind or terrorist origination.. Some of these big shot CEO's get pretty pissed when you sit down after agreeing to numbers with a credit app and start asking for his company's info and his own personal info.. But the "Gubament" requires it..