In Step 4 we help you get approved for new credit in your business name that reports to the appropriate business credit reporting agencies. Much of this credit can be obtained with no personal credit check, and with no personal guarantee required from you, eliminating your personal liability.
The first step in building business credit is to get approved for accounts with vendors who will give you Net-30 type accounts, and who report to the business credit reporting agencies. Once you are approved and use those accounts, they are reported and will become your initial trade lines on your business credit report.
As long as you pay their bills timely, you will be rewarded with exceptional business credit scores that will help you get approved for more revolving credit accounts in Step 5.
We currently offer over 60 vendors to choose from, the largest selection anywhere. And most of those vendors will approve you for credit even if you have a brand new startup business. And with the major sources we supply, you can easily find the vendors you want to use to help build your new business credit.
Each vendor in the Finance Suite offers extensive details about their company, reporting, and underwriting criteria. You can see the bureaus that each vendor reports to, you can learn about the products and services each vendor offers, and you can review the vendor’s actual underwriting guidelines so you will know you can be approved before you even apply.
Once your new vendor credit is reported to the business reporting agencies, we will help you leverage your newly built business credit profile and score to get approved for even more revolving business credit cards in Step 5.