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Turnkey Startup Office Solution – Builds Business Credit

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Startup Office Solution

Finding the right turnkey office solution for your startup can be a serious challenge. With traditional office space, not only do you need to find the right location and space, but you also have the hefty costs to consider.

In today post, you’ll learn about a turnkey office solution that has all the benefits of a traditional office space but without the big costs. It comes with everything ready, so you can start running your business from day one. startup office solution

So, before you sign that lease for traditional office space you may want to consider an alternative solution.

Things to consider with a traditional office space:

  • High Cost – Dedicated Office Space runs $10-$50 per square foot monthly.  Average office space cost per person can start at $300+.
  • Full-time receptionist – average cost $26k+ year
  • Rent Increase – Rent is subject to annual increases with lease renewals.
  • Furnishing & Equipment – Desks, chairs, filing cabinets, phones, computers, printing, scanning, and copying equipment, phones, etc.

What is the Solution? A Virtual Office.

A virtual office is a turn-key solution that provides a startup many of the same benefits as a dedicated office space but at a much affordable price.

What is a virtual office?

A virtual office is a turn-key corporate solution. For a flat monthly fee, you get all the tools needed to run a serious business; a company phone number, a live assistant to answer incoming calls, a commercial mailing address, voice mail and dedicated fax number.
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New Prepaid Business Credit Card – Reports to Dun and Bradstreet and SBFE

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New Prepaid Business Credit Card

Not all businesses can get approved for a line of credit or unsecured business credit card. Whether it’s due to limited credit or negative credit or little to no business credit, a prepaid business credit card offers an ideal solution.

With a pay-as-you-go option, the prepaid business credit card puts every small business on the right path to obtaining an unsecured business line of credit. Best of all, this particular card helps build your business credit.

In today’s post, we share a new prepaid business credit card that reports to Dun & Bradstreet and SBFE (Smalprepaid business credit cardl Business Financial Exchange).

If you’re not familiar with SBFE, it is a trade association that collects massive amounts of small business payment data. This data is used by its certified vendors which are DUN and Bradstreet, Equifax Small Business, Experian Commercial and LexisNexis Risk Solutions.

So, although, SBFE is not a business credit reporting agency, the business credit reporting agencies use SBFE’s data to create credit risk products such as business credit reports.

How is a prepaid business credit card different from a secured business credit card?

With a secured card you supply a one-time deposit which is used as collateral and sets the credit limit for the card. For example, you provide a security deposit of $500 and your credit limit is set for $500. Your deposit is held as collateral in the event of default.
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5 Strategies to Build Business Credit Easily and Quickly

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Build Business Credit

In today’s post we share five key strategies for building business credit easily and quickly. These five strategies provide a fast and efficient way to establish your business credit file with major business credit reporting agencies.

If your new to building business credit it’s important to recap on why it’s an essential step in the success of your business. So, what is business credit?

Business credit is the ability for a business to borrow money or access products or services with the understanding that the business will re-pay at a later date.

Building business credit allows a business owner to protect personal credit while establishing the creditworthiness of the business itself. building business credit

When you structure your business as a corporation or limited liability company it becomes recognized as a separate legal entity with the ability to enter into contracts.

Your company’s Employer Identification Number (EIN) is used to identify your business entity to the IRS, banks, lenders, suppliers, vendors and other businesses.

Your EIN is also used to create a credit file for the business with business credit reporting agencies such as Dun & Bradstreet, Experian Commercial, Equifax Business, Creditsafe and Ansonia.

Think of your company’s EIN as the social security number for the business.

Here are 5 strategies to start building business credit easily and quickly.
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Top 5 Net 30 Vendors for Building Business Credit

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Net 30 Vendors for Building Business Credit

In today’s post we’re going to share with you our top five net 30 vendors for building business credit. Best of all, these five vendors will extend credit to your business without a personal credit check or personal guarantee. net 30 vendors for building business credit

Whether your business is just getting started or if you’ve been in business for some time, these five vendors will provide you a jump start in building business credit.

As you know, establishing a credit file for your business occurs when companies, suppliers, vendors, lenders, etc. share your payment experience with an agency they share data with.

First, let’s cover why you should use a net 30 vendor?

When you get approved for a credit line with a vendor you have the ability to purchase their products and services on credit and defer payment for 30 days. This allows you to conserve cash flow while establishing business credit at the same time.

To get approved there are minimum requirements that virtually any business can meet. Such as an incorporated business, employer identification number, business bank account, etc.

The vendors we list in this post will not require a credit check or personal guarantor. This allows you to create a clear separation between you and your business.

Look at vendor credit as a stepping stone to greater financing opportunities. With multiple tradelines reporting, you provide other credit grantors the ability to assess how you manage your business credit. They assess your creditworthiness by pulling your business credit report.

Why build business credit?
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