We’ve developed a presentation on “3 Vendor Accounts That Build Your Business Credit”
One of the easiest ways to start building business credit is to get accounts with companies that report to commercial credit agencies. Many entrepreneurs think that means getting a loan or line of credit. Those help, but not all business owners will qualify for a business loan or line of credit, as those often require strong business and/or personal credit scores, and may require proof of business income.
So here’s a simple way to get started if your business is young, or your business isn’t making a lot of money yet: Purchase from vendors that allow you to buy now and pay later, and which then report those payments to commercial credit agencies.
Where do you find these vendors? Below, we’ve provided three that will make it easy to get started.