Build Business Credit

Separate Business Credit from Personal Credit

Do you have strong business credit scores with Experian Smart Business Credit, Equifax Small Business Financial Exchange, or Dun & Bradstreet? Having business credit is no longer a luxury but a necessity in today’s market. Banks and financial lending institutions turn to the big three business credit agencies when making a credit decision for your business. This is why business credit is more important than ever before.

Our Business Credit Builder will help you with... 

• Most credit providers will check 20 items to approve your business.
  We make sure you know the 20 items before applying giving you the best chance at success.
• Business Credit Cards that report only on business credit not personal.
  Business credit cards help build your business credit and help small business owners with day to day operating capital and cash flow. Our system will provide you with the details on what it takes to qualify for each business card before you apply.
•  Get ready for EIN Financing.
  Business owners have found EIN approvals to be invaluable. This type of financing is where business credit is issued to the business EIN and not the business owner’s social security number. Our system will show you how.
• 401K Financing
  A popular source for non-traditional financing is an IRA or 401K. You can access your IRA or 401K funds tax and penalty free using one of our resources inside. These funds can be used to purchase a new business, buy equipment, or use for working capital.
• Your business needs to have reporting files with all 3 National business credit agencies.
  Your business will be able to have open credit files with Experian Smart Business Credit, Equifax Small Business Financial Exchange, and Dun & Bradstreet.
• What type of credit does the business credit builder provide?
  Get access to hundreds of vendor lines of credit that report to your business credit.  There are over 450,000+ vendors in the US that extend business credit; however, it is estimated that only 6,000 report your payment history to the business credit bureaus. Of these creditors very few issue business credit without a personal guarantor (PG). Our system provides you with the right vendors and shows you what it takes to get approved.
• Business credit cards without a personal guarantee.
  It has been reported that there are over 500 business credit cards, yet less than 40 business credit cards will issue credit without a personal guarantee. Within our system you will have access to the business banking institutions and know the parameters on what it takes to get approved.
• Having an installment loan or bank loan will propel your business credit?
  Receiving a bank loan puts you on the radar for other banking institutions. This alerts other business lenders that your business is credit worthy by demonstrating a payment history. This would hold true for financing your business vehicle, computers, or any other business needs. Our system will show you how to get that bank loan to report and how to get approved for a large installment loan or lease.
• What determines a solid business credit history?
  Inside we will show you the formula to build business credit the right way. Each business needs 1 small business loan, 3 business credit cards, and 5 vendor lines of credit. Find out how.

Better Credit FAQ’s

• Why do other companies charge $2,500 to $5,000 and you are so inexpensive?
  
  • It is said that labor is the most expensive cost to a business owner. Through our system we have taken the labor out of the equation. By doing this we are able to offer more information, a step by step program, at a cheaper cost. It is that simple.
• I have been contacted by one of three business credit agencies asking for $500 to $800 to open my credit file?
  
  • Do not pay them. We will show you have to open all three files for free.
• Can you guarantee me that my business will get financing?
  
  • Each business owner’s situation is unique and different. What we mean is the business owner’s time in business, industry, and experience all play critical roles. Therefore we cannot guarantee any amount financing; however, we can give you the tools to have the best chance at success. We guarantee if you complete our step by step system business credit builder, you will build strong business credit scores with Experian Smart Business Credit, Equifax Small Business Financial Exchange, and Dun & Bradstreet.
• Are there any other costs that I can expect to pay?
  •  Going through the system there are other service providers (not us) that can help you expedite the process. These services most of the time are not mandatory. However some costs are required to operate a business such a business phone line. These items would be classified as the normal cost of doing business.
  • Cost that would be incurred is the payments made to the creditors and or vendors. In order to build business credit you do need to have vendor accounts and business credit cards. These credit limits are reported when activity takes place; therefore, you would have to use them to build up a payment history with your business.
  • When you are in the Vendor and Retailer finance areas and start putting items on credit, there will be some down payments that you have to make to get started.
  • Within the system it contains a multitude of vendors. Each vendor has different business services and products ranging from office supplies and logo designs, to computers and printing services. The amount you want to charge is entirely up to you. The more use of credit the faster the business credit is built.
  • Lastly, if you need to open a business account or create a business entity there may be additional fees.
• Why do the vendor and lender applications ask me for a personal guarantee and social security number? I thought that this program does not require my personal information?
  
  • The program helps you get lines of credit under your business name only, without any personal guarantees or social security numbers. However, this does not prevent most of the vendors from telling you that you must provide your personal guarantee or asking for your social security number on the application.  
  • Simply leave the social security number blank and do not sign the personal guarantee. After all, you are applying for a business line of credit.
• How long does the credit building process take?
  • If you properly follow the entire program step by step the credit builder takes about 120 days. The process is simply laid out to show you how to build business credit the right way. It shows you how to get your business reporting with the three main business credit reporting agencies; Experian Smart Business Credit, Equifax Small Business Financial Exchange, and Dun & Bradstreet.
  • You will be provided with a detailed section on reporting vendors and business credit card providers to choose from to obtain the 5 vendor accounts and 3 business credit cards. The time taken is largely in part to make payments on the credit terms and have them report to the business credit agencies.
• How many line of business credit should I apply for?
  • You should apply for at least 5 vendor accounts (net pay), 2 leases/loans (installment lines of credit) and at least 3 business credit cards under the business name.
• What types of vendor credit and trade lines do you have?
  • The types of vendor accounts included are:
  • Computers
  • Office supplies
  • Internet hosting
  • Office furniture
  • Building supplies
  • Accounting services
  • Tax preparation
  • Corporate travel
  • Networking solutions
  • Web design
  • Electronics
  • Catering and food service supplies
  • Logo and graphic design
  • Janitorial supplies
  • Marketing services
  • Promotional products
  • Custom software
  • Merchant services
  • All of our vendors have agreed to report your payment history to the credit agencies. As long as you maintain and keep a good business payment record with the vendors you will continue to build strong business credit.
  • NOTE: YOU MUST MAKE YOUR PAYMENTS ON TIME AND AS AGREED!
• Do you supply a DUNS number for me?
  • No. You must register and get your DUNS number. We will however show you how and where to get one for free.
• The application is asking for my DUN and Bradstreet number, but D&B told me I will not receive it in the mail for 30 days. Can I still fill out the application and apply for my business credit or do I have to wait?
  • In most cases not having your D-U-N-S number will not stop you from submitting your application. Just submit the application and leave the D-U-N-S number blank.
  • If the vendor reports to D&B they will find you in the database.
  • If you are faxing the application, you can write in the box applied for or pending in the box asking for the D-U-N-S number. The vender will ten know you have submitted a request to D&B and have not received it.
• Do you apply to the vendor or lender on my behalf?
  • No. You must initiate the contact with the vendor or lender and fill out the required paperwork.
• Why do I need a Dun & Bradstreet (D-U-N-S) number and what is it?
  • A Dun & Bradstreet number (D-U-N-S) is the number that the business credit is reported under.

TERMS

• Vendor Credit - Vendor credit is when a business grants your business credit terms. An example would be an office supply store allowing your company to purchase supplies in their store. The vendor will typically give you the products and then give you a NET 30. This means you business has 30 days to pay the balance in full. Other common NET terms are 15, 60, 90, and 120 payment terms.
• Business Credit Cards – Business credit cards allow business owners to revolve credit. This means that you can use and reuse the credit once it is paid back. This allows the business to have cash flow and plays an important role in building a business credit profile.
• Small Business Loan – a small business loan is usually a term loan. A term loan is a loan with a set amount of time to pay back the loan amount. A common term loan is a SBA loan.
• Equipment Lease – Equipment leases help small business owners buy equipment without having to use up all of their cash. This allows the business to make larger purchase and pay back the lease over time.
• Trade Reference – A trade reference is a reference from a business or company that has extended your business credit.