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Business Credit Benefits

  • Prospects
  • Clients
  • Competitors
  • Lenders
  • Credit issuers
  • Those interested in buying your company

Business Credit Types

Business credit is offered in 3 main types:

Vendor Credit

1. This is initial business credit that’s used to start a business credit profile and score, usually has net 30 terms

Store Credit

1. Available at most retail stores like Lowes, Amazon, Apple, BP, Walmart, etc.

Cash Credit

1. Visa, Mastercard, and Amex cards you can use anywhere

3 Steps to Build Your Initial Business Credit Profile

A business starts building a brand new credit profile similarly as a consumer does

  • The business starts with no credit profile
  • The business gets approved for new credit that reports to the business credit reporting agencies.
  • The business uses the credit and pays the bill timely
  • A positive business credit profile is established
  • As the business continues using the credit and pays bills timely, it will qualify for more credit.

Step 1: Your Credibility

Corporate Entities

Business Name

Legal Name

One of the biggest reasons for denial is your application not having the same legal name as what is on file in state records.

Business Name

It is very important that you use your exact business name

Recorded DBA

Your full business name should include any recorded DBA filing you will be using

Corporation Papers

Ensure your business name is exactly the same on your corporation papers, licenses, and bank statements.


Business Address

  • Must be a real brick-and-mortar building
  • Deliverable physical address
  • Cannot be a home address
  • Cannot be a PO Box
  • Cannot be a UPS address
  • Some lenders will not approve funds unless this criteria is met.

Phone Number

Website and Email


Contact The State

You will need to contact the State, County, and City Government offices to see if there are any required licenses and permits to operate your type of business.


Do not apply if you are unlicensed when you should be

Business listings

Verify Main Agencies

Take the time to verify that main agencies (State, IRS, Bank, and 411 national directory) have your business listed the same way and with your exact legal name.

Ensure Every Bill

Also take the time to ensure every bill you get (power bill, phone bill, landlord, etc) has the business name listed correctly and comes to the business address.

Step 2: Your Business Credit Reports


Smart Business Report

Visit: for a copy of your Smart Business report, which costs around $49-99

Business Credit Score

Find out how many trade lines are reporting, see if you have a business credit score assigned, see if you have an active Experian Business Profile, and check on recent inquiries.


Dun & Bradstreet

Read and Understand Your Reports

Personal Credit Scores

  • Payment history 35%
  • Utilization 30%

  • Length of Credit History 15%

  • Accumulation of New Credit 10%

  • Credit Mix 10%

Dun & Bradstreet’s Business Paydex Score

  • Expect payment may come early 100

  • Payment is prompt 80

  • Payment comes 14 days beyond terms 70

  • Payment comes 14 days beyond terms 70

  • Payment comes 30 days beyond terms 50

  • Payment comes 60 days beyond terms 40

  • Payment comes 90 days beyond terms 30

  • Payment comes 120 days beyond terms 20

Business Credit Reports

  • Details on payments the business has made for each individual account
  • Full payment record
  • Upper credit limit
  • How much the business owner currently owes on each account

  • How much is past due
  • What the terms of the account are
  • When the account was reported and last updated
  • D&B reports also list payment details for each account. They also add detailed commentary to the report indicating payment patterns.
  • Current assets
  • Liabilities
  • Working capital
  • Net worth
  • Sales
  • Reports also list payment details for each account and detailed commentary to the report indicating payment patterns

Step 3: Get Approved for Vendor Credit

2 Ways to Start Business Credit

  • D&B Credibility offers one way to start a business credit profile and they will try to convince you that it is the only way, even though it’s not
  • They will charge upwards of $2,000 to put trade lines on your report using your current creditors.
  • These only report to D&B and take time
  • They choose what can and can’t get added, and most can’t get added.
  • You don’t obtain usable credit at all, just your current creditors are added.

Obtain Vendor Accounts

Vendor Accounts

  • A vendor line of credit is when a company (vendor) extends a line of credit to your business on “Net 15, 30, 60, or 90” day terms
  • This means that you can purchase their products or services up to a maximum dollar amount and you have 15, 30, 60, or 90 days to pay the bill in full
  • If you are set up on Net 30 terms and were to purchase $300 worth of goods today, then that $300 is due within the next 30 days.
  • You can get products and services for your business needs and defer the payment on those for 30 days, thereby easing cash flow, and some vendors will approve your company for Net 30 payments terms upon verification of as little as an EIN number and 411 listing.
  • First, you apply and get the account
  • Next, you use the credit, spending over $50
  • Finally, you pay the bill early or on time, remember the main business credit scores are solely based on how you pay.
  • Those accounts will then report to the business reporting agencies in 30-50 days, or up to 3 reporting cycles
  • Once you are reported, you will then have a business credit profile
  • You will have a good business credit score, as long as you paid your bills on time, and you will have multiple trade lines
  • You will need to have 5 reporting accounts to move on and start getting store credit, which is the next step in building business credit.

Start Vendor Accounts

Starter Vendors

You must start a business credit profile and score with starter vendors

Initial Credit

Starter vendors will give you initial credit even if you have no credit, no score, or no trade lines now


Most stores like Staples will not give you initial starter credit, so you shouldn’t even try applying.

  • Deal with corporate setup and compliance
  • Report to Experian
  • Only 411 listing and EIN required
  • Reports in 30-60 days
  • Net 30 terms

True Starter Vendors

Laughlin Associates

  • Deal with corporate setup and compliance
  • Report to Experian
  • Only 411 listing and EIN required
  • Reports in 30-60 days
  • Net 30 terms

Quill Office Supplies

  • Office, packaging , and cleaning supplies
  • Reports to D&B
  • Must place initial order first unless D&B score is established
  • Sometimes you will need to place up to 3 orders of $50 or more for them to approve you with no initial credit established
  • Net 30 terms

Gempler’s/office Depot

  • Work supplies and products
  • Reports to D&B
  • Place initial order $50 dollars and select “Invoice me” option
  • They will pull credit

  • If not approved, pre-pay for order and keep purchasing and choosing “invoice me” option until approved for Net 30 terms

Reliable Office Supplies

  • Office supplies and promotional products
  • Report to D&B, Experian, and Equifax
  • Place initial order, then request your order be invoiced or billed to your company
  • They will pull your credit

  • If not approved, pre-pay for order and keep purchasing and choosing “invoice me” option until approved for Net 30 terms

  • The more orders you place, the better your chance of approval for Net 30 terms

Uline Shipping Supplies

  • Shipping, packing, and industrial supplies
  • Report to D&B
  • You must have your DUNS number
  • They will ask for two references and bank reference
  • First few orders might need to be pre-paid to initially get approved for Net 30 terms

Monopolize Your Marketplace

  • Everything you need to know about marketing and business 10 audio CD set
  • Report to Experian
  • Upon check out, choose “4 equal payments of $59.99” option
  • First charge takes place in 30 days
  • Need a bank account, EIN, deliverable address.
  • 30-60 days for reporting

Things to Remember

  • You might need to get some vendors you won’t often use just to build your initial credit
  • Do not put your SSN on the applications
  • Paying your bills early is the key to a good score
  • Do not start with store credit, you will get denied. Wait until you have 5 accounts reported
  • Do not apply for cash until you have 10 reported accounts