Business Credit

Building Business Credit for Small Business

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When Does A Vendor Credit Line Show Up On My Business Credit Reports?

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Vendor Credit

Getting approved for a line of credit with a supplier is simply an opportunity for you to start building your company’s creditworthiness.  The key to establishing positive credit is to make regular puvendor credit rchases using your vendor credit lines and then paying invoices on or ahead of the due date.

If you do not make regular purchases then there is no way for you to establish any kind of payment history. So it is vitally important that you carefully select the suppliers you apply for credit with.

Make sure that you can use the products and services they offer to develop and grow your business.
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Best Small Business Credit Cards For Establishing Corporate Credit

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Best Small Business Credit Cards

With fast access to cash, convenience and all the perks that come along with it; a business credit card is a standard tool used by business owners. best small business credit cards

But did you know less than 50% of the credit cards obtained by business owners nationwide are actually in the company’s name?

It’s a shocking reality to say the least but the good news is there are plenty of business credit cards that cater to savvy business owners like you who understand the importance of establishing business credit.
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What’s In Your Dun and Bradstreet Report?

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Dun and Bradstreet Report

A main reason to manage business credit is that it is not protected like personal credit. Even though the Fair Credit Reporting Act allows you to view and dispute the inaccuracies in your personal credit reports, the act does not apply to business credit. dun and bradstreet report

Since business credit reports are less transparent than those for individuals, business owners should be diligent in managing their business credit file regularly, since it is much harder to initiate disputes to remove inaccuracies.
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Virtual Office Address Creates A Professional Corporate Image

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Virtual Office Address

During the initial stages of the business credit building process I’m sure you have heard about the importance of setting up a commercial office location. A physical location that is zoned virtual office address for business speaks volumes for your company and its operation.

If you decide to use your home address for your company’s business address keep in mind that some lenders may not extend credit to a “home based” business. However, you still have many credit opportunities with a home based business so don’t let that stop you.
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Why Your Business Needs To Get A DUNs Number

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Get a Duns Number

Did you know a DUNS number is the most widely used number for identifying companies in thget a duns number e United States?

Did you also know suppliers and creditors alike will pull a D&B credit check on your business when you apply for credit?

If you are serious about establishing credit for your business then the first thing to do is get a DUNS Number so your company can get listed in Dun and Bradstreet’s database and set up your company’s credit file.
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