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How to Build Business Credit, pt.2- Getting Approved!

If you're here, it's because you're ready to start applying for business credit, right?

Or maybe you're just lost and stumbled upon this page by accident... and are now trying to figure out what you're doing here...

Either way, welcome to my blog and I hope that if you decide to stay and read it, you'll learn something valuable and share worthy!


Let's go!!

After some research and looking into a few different options, I came across (what I think) are the easiest accounts to open for small business owners looking to build business credit.

Again, everything contained in this blog is from personal experience. I'm not just regurgitating information that I saw on social media. I did the foot work- I got the results- now I'm sharing in hopes of helping someone else along their journey!

So I've successfully gotten 2 credit accounts started for my business since getting my EIN and Duns&Bradstreet numbers. Both accounts are completely separate from my personal credit.

Each of these companies listed below report to the credit bureaus, offering the opportunity to start building business credit.

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  1. Uline - is a packaging company. If your business does a lot of shipping, this would be a great option for you. They sell everything from storage boxes and mailing labels to small gift boxes and packaging tape.

2. Summa | Quill - are both office supply stores. Get all your printer paper, ink, notebooks and other desktop supplies that you need from these companies. Also like Uline, they sell packaging supplies as well.

3. Staples Business credit card is also a fairly easy account to obtain. Staples is known for office supplies and stationary products. If you're looking to get your account started with them, call 800-333-3330 to apply. You can also visit them online to learn more.

Following the method above, here are the 2 credit accounts I opened to establish business credit. Remember the goal is to start small and build.

I chose these type of accounts as "starter accounts" to avoid acquiring a ton of business debt before my business gets off the ground.

With Uline, Summa & Quill- you can order something for $50 or less and create a Net 30 account- that allows you 30 days to pay off your debt to the company who loaned you the credit. Once paid in full it creates a positive account for your business credit file.

Keep in mind that while you may not need any of these supplies from these companies right now, the goal is to establish business credit. As a business owner it's time to start thinking long term. If you want the best for your business, these are just a few baby steps you can take early that will put you in a better position later on.

You can also apply for business credit cards at banks and other major retailers. Ultimately you do what's best for your business. I'm just sharing these quick tips that I've learn along the way with the hopes of providing assistance to someone who might need it.

There are several other companies that offer net 30 accounts as well. I suggest doing some research on which companies are in your particular field that might be a benefit to you.

If you haven't already, be sure to check out How to: Build Business Credit, pt.1- Establishing Credit.

As always, thanks for reading. Thanks for stopping by and thanks for sharing this blog. Hopefully you can take something away from this information and apply it to your business goals even if it isn't the exact route that I took.

You guys are awesome!! *sending virtual hugs!!*


Ashawna Lane

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