Best Secured Business Credit Cards – Build Business Credit Easily

February 18, 2023 By Marco Carbajo

Best Secured Business Credit Cards

How can you get a business credit card if you have less than perfect credit? If your goal is to strengthen or build business credit, this post is for you.

You’ve probably heard a secured credit card can be a good option to build or rebuild your personal credit. But what about businesses?

As a business owner, you need a different approach: a secured business credit card that builds your business credit.

What Is a Secured Business Credit Card?

A secured business credit card requires a refundable deposit before a card account can be opened. With the majority of secured business credit cards, the amount you deposit becomes the credit limit of the card.

You will also need to link your business bank account to the card account in order to load the security deposit to your card and make future credit card payments.

Keep in mind with a secured business credit card, you can make purchases just like a regular credit card. With this card, your payment history is reported to business credit reporting agencies such as Dun & Bradstreet, Experian Commercial and Equifax Small Business to name a few.

The main benefit to secured business credit cards is the ease of approval. You don’t need good credit to qualify. Secured business credit cards are designed for business owners who have less than perfect credit or little to no credit history.

Let’s face it, credit cards are an essential tool needed for day-to-day business activities. If you’re paying for supplies, booking a hotel, purchasing airline tickets for business travel, or simply taking a client out to lunch; a business credit card is a must.

Putting a small deposit down for a business credit card is a smart decision. It helps you build business credit, keeps personal and business expenses separate, and may potentially lead you to acquiring an unsecured business credit card.

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How to Get a Virtual Business Address and Phone Number

January 20, 2023 By Marco Carbajo

Virtual Business Address and Phone Number

A virtual business address can solve some of the challenges that can happen when running your business from home.

For the majority of small businesses, working from home offers a great deal of advantages, from saving a great deal of money on operating costs to the convenience of working where you want, when you want and how you want.

Virtual offices create the opportunity for business owners to have the best of both worlds. First, you get a professional corporate image and address where you can schedule to meet customers at a professional corporate setting.

Second, you get the luxury of spending the majority of time running your business from the comfort of your home.

And finally, you save a great deal of money compared to leasing a physical office space. So, if you want to know how to get a virtual business address and phone number continue reading on.

What is a Virtual Office?

A virtual office is a turn-key solution that provides your business a professional corporate image but at a very low cost. You get the access and ability to use an actual physical office address as your company’s address.

This isn’t a PO box; this service can put your company on the directory of a building and help jump start your business.

You get all the same benefits as a traditional office space such as:

- Corporate business mailing address
- Dedicated business phone & fax number
- Live receptionist that answers your phone
- Company voice mail
- Conference room, board room, etc.

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New Net 30 Vendor Updates – New Products, Fees Dropped and More

June 29, 2022 By Marco Carbajo

New Net 30 Vendor Updates

In today’s post we’ll cover several new net 30 vendor updates. From new products, reduced fees, easier requirements, and reporting additions; getting business credit is easier than ever.

When you obtain a net 30 account with a vendor or supplier you have the opportunity to purchase their products and/or services up to your approved credit limit. With net 30 terms, you have to pay for your purchase in 30 days.

Getting net 30 credit terms from vendors and suppliers is an important step in the business credit building process. With net 30 terms, you show how your company can manage short term financing.

This is why it’s important to ensure your net 30 accounts report to a single or multiple business credit reporting agencies. The three major business credit reporting agencies are Dun & Bradstreet, Experian Commercial and Equifax Small Business.

There are also many other agencies to familiarize yourself with such as Creditsafe, Ansonia and Paynet. You may have heard about the Small Business Financial Exchange (SBFE) but they are a trade association that is governed by the small business lending industry.
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New Easy Approval Net 30 Business Account

May 19, 2022 By Marco Carbajo

Easy Approval Net 30 Business Account

In today’s blog post we reveal a new easy approval net 30 business account you can get with no personal guarantee required. Whether you’re just getting your business started or you’ve been in business for some time, this net 30 vendor is a great way to build business credit.

So, what is a net 30 business account?

A net 30 business account is when a business receives a credit line from another business with repayment terms of 30 days.

This repayment term allows you to purchase a company’s products or services using your approved credit line with the balance due in 30 days.

It’s important to note, not all vendors, suppliers and businesses that extend net 30 credit terms will report a company’s payment activity to a business credit reporting agency.

The good news is the vendor in today’s post does report to Equifax Business and Creditsafe. By the way, if you have other net 30 accounts with vendors that don’t report to a business credit agency, you can always use Lift Service which allows you to manually add trade references.

What do I need before applying for a net 30 business account?

Before you start applying for net 30 accounts with vendors you want to ensure your company is in fact credit ready. Remember, the information you submit on your net 30 credit application is data that gets shared with business credit reporting agencies.

The data from a credit application may be information used to create your company credit file if the reporting agency does not already have a file on your company.
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New Net 30 Vendor – Reports to D&B and Equifax Business

February 18, 2022 By Marco Carbajo

New Net 30 Vendor

In today’s post we reveal a new net 30 vendor that reports to Dun and Bradstreet and Equifax Business. If you’re new to the idea of building business credit let’s first cover some of the basics.

What is a net 30 vendor?

A net 30 vendor (net 30 account) is a company who extends a credit line to another business with repayment terms of 30 days. This repayment term allows you to purchase a vendor’s products or services using your approved credit line with the balance due in 30 days.

Not only does this help conserve cash flow, it also helps build your business credit if the vendor reports your payment activity. The new net 30 vendor in today’s post reports to two major business credit reporting agencies; Dun and Bradstreet and Equifax Business.

This account reporting to your business credit reports is known as a tradeline. It’s important to establish multiple tradelines reporting to your business credit reports. The more tradelines the more depth and diversity you establish.

Now, there are plenty of vendors, suppliers, retailers and businesses in the marketplace offering credit to businesses like yours. Some have easy approval requirements while others may have a stricter approval process.

JJ Gold International is known as an easy approval net 30 vendor because of its simple requirements to receive a net 30 account. So, as a startup or existing business with little to no credit history, acquiring business credit is definitely possible.

Additionally, with net 30 accounts a personal credit check and personal guarantee can be avoided with most vendors and suppliers. With major retailers, you can avoid this as well once you have established a good foundation of business credit on your file.

What do you need before you apply for vendor credit?

Before you apply for credit it’s key to have your company ‘credit ready’. These items include but are not limited to the following.

Separate legal entity (Corporation, LLC, etc.)
Company must be in good standing – A “Certificate of Good Standing” indicates that your business has filed all reports and paid all the necessary taxes and fees with your state’s secretary of state office.
Employer Identification Number (EIN)
General Business & Contact Information
Business Bank Account

Easy Approval Net 30 Vendor

JJ Gold International provides a great opportunity for a business to acquire business credit without a personal credit check or personal guarantee.

Who is JJ Gold International?

JJG Gold started primarily as a jewelry brand with close to 30 years of being in business. Today, they offer a wide variety of personal products and accessories.

Products such as Gift Baskets, Hair & Beauty Products, Home & Décor, Men’s care and personal products, and of course Jewelry and Accessories.

Overview for JJ Gold’s Net 30 Account

Reports to Dun and Bradstreet and Equifax Business
Get Credit Limit Increases Easily
At least 90 Days in Business to qualify for a Net 30 Account

How to Apply for Net 30 Account

Step 1

Go to=> http://net30gold.com

Click on the ‘Net 30 Application’ tab in the top menu and complete the application.

Step 2

Select the items to purchase (total must be $75+ to use Net 30 credit line)

Only Net 30 purchases are reported to D&B & Equifax Business

(Initial credit limits start at $350)

How to Get a Credit Limit Increase

Once you have your new net 30 account established you can request a credit limit increase in 60 days.

Example:

$350 Existing Credit Limit

After 60 days you request a Credit Limit Increase

Results => Credit Limit Increased to $750

Remember – a credit limit increase approval is primarily based on repayment history and credit usage

Note – Pay all invoices on or ahead of due date

Business Credit Bonus Tip

Tip: Get JJGold Net 30 Account Reporting to Creditsafe & Ansonia too!

Requirement – Set up a Business Lift account at http://businesscreditbuilderservices.com (one time cost $49.95 and $9.95 monthly for automatic business credit reporting of your utilities)

To add your JJ Gold net 30 account you will need to purchase the On-demand manual verification which costs $19.95 to verify (reports once). Next, enter your JJ Gold account information and details and they will manually verify this net 30 account. Once verified, it will report to business credit reporting agencies; Creditsafe and Ansonia.

Looking to rebuild your business credit? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to vendor lines of credit, fleet cards, business credit cards with and without a PG, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free business credit building audio seminar ($497 value) =>

To Your Success in Business and in Life!

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About the author

Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, Business.com, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’, ‘American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’, ‘Alltop’, and ‘Entrepreneur Connect’.