The free product will send you a DUNS number within 30 days
But with the 30 day time frame, you don’t have that kind of time to spend waiting.
Hence, you will end up spending $229 to get an experienced DUNS number in five business days or less
$229 with DUNSFile and CreditSignal will also get you monitoring, but it is only monitoring of your D&B business credit scores.
You will also get alerts when your score changes, and you will get a full basic D&B business credit file
Fast Business Credit Building: Establish Payment Experiences
Lenders consider your credit history as one of the chief factors when determining creditworthiness
Making timely payments will demonstrate to anyone looking to do business with your company that you are low risk.
You can open most credit accounts online in just a few minutes, but it will take longer to see the impact on your credit score
To save time, you only want vendors which will report to the business credit reporting agencies.
Fast Business Credit Building: Work with Vendors Which Report
Most vendors don’t report, but three that do are Uline, Crown Office Supplies, and Strategic Network Solutions
Even vendors which report may need you to reach a certain minimum before they will report
Crown Office Supplies requires an annual membership.
Check the fine print and call or chat online with a representative to get information fast
Keep in mind, it can take over 30 days for reported purchases to show up on your business credit report.
When all is said and done, it may take over 30 days to build business credit, but if your business is already set up, that will save time.
You may need to pay to get everything done faster and correctly the first time, which will also save time.
But no matter what, once the 30 days have elapsed, you business will be set up and will exude fundability
A highly fundable business setup will only help you in the years to come
According to the Bureau of Labor and Statistics, more than half of businesses will fail in 5 years or less. In addition, 82% of business failures are due to issues with cash flow, 90% of business owners agree that loans are not easily available, and 51% of small business owners worry weekly about capital.