You should start a business credit profile and get a score with the initial providers. Start-up providers are the ones who will give you start-up credit even if you don’t have credit, score, or business line right now.
Most stores like Staples will NOT give you initial credit, so don’t even try to apply.
Here are some amazing startup provider accounts to consider:
Laughlin Associates deals with corporate setup and compliance. Report to Experia. Only 411 listing and EIN are required. Reports in 30-60 days and 30 net terms.
Office supply pen, office packing and cleaning supplies. Report to D&B. You must place the initial order first unless the D&B score is set.
They will usually put you on a 90-day prepaid program. If you order items every month for three months, you are generally approved for a Net 30 account.
Gempler’s, supplies and work products. Report to D&B. Place an initial order over $ 50 and select the “Bill Me” option.
They will get credit. If not approved, prepay for the order and continue shopping and choosing the “Bill Me” option until it is approved for the Net 30 account.
Reliable office supplies, office supplies, and promotional products. Report to D&B, Experian, and Equifax.
Place the initial order, then request that your order be invoiced or invoiced to your company. They will pull your credit.
If not approved, keep ordering and requesting to be billed or billed. The more orders you place, the better your chances of approval for the Net 30 terms.
Uline Supply shipment, shipping, packaging, and industrial supplies and reporting to D&B. You must have your DUNS number.
They will ask for two references and a bank reference. First orders may need to be prepaid to get initial approval for all 30 net terms.
Monopolize Your Marketplace, Everything You Need To Know About Marketing And Business 10 Audio CDs. Report to Experian and a true startup account.
At the end, choose the option “4 equal payments of $ 59.99” and the first charge is made in 30 days. You need a bank account, an EIN and a delivery address and 30-60 days for reporting.
You may need to get some providers that you won’t use often just to build your initial credit. DO NOT put your SSN in the applications.
Remember to pay your bills EARLY, the key to a good score.
DO NOT start with store credit … you will be denied … wait until you have five accounts reported.
And DO NOT apply for cash credit until you have 10 accounts declared.
Contact us today to learn more about building credit for your business!