The Business Credit and Financing Guide
IV. Building Business Credit Every highly successful business in this country has business credit. Most of these companies used their business credit to get as big as they are today. But contrary to what many believe, business credit is not only for big companies. Any company can build business credit! Big companies are often the ones which enjoy the benefits of business credit the most. This is because they have CFOs who know how to get and use business credit, whereas most small businesses don’t. But you can get your hands on the exact same credit these larger companies have, if you know the formula to get it. Get vendor credit immediately, starting now. It takes those accounts 30 – 90 days to report, giving you a profile and score. With that profile and score you can then start getting retail credit. And in a total of about 4 – 6 months after starting the process, then you can start to get cash credit. 90% of vendors in this country do not report the credit they issue you. This is why so many business owners think they have established business credit when they do not. So you must find vendors which report to the business credit reporting agencies. This is the hardest and most challenging part of building business credit. You must start a business credit profile and score with starter vendors. Starter vendors are ones which will give you initial credit even if you have no credit, no score, or no tradelines when you apply.
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