17d • Shared Partner Resources
How do I actually build business credit?
Someone asked our AI Agent a question she could not answer. She can answer it now. See the response below.
There is a "How to Build Business Credit" Course that walks you through the process for anybody at or above a Premium Level Membership.
Simply put:
You need a business and EIN from the IRS. Find the steps in "Start Here Business 101" course.
Find vendors/suppliers that report to the business credit bureaus like Quill.com. I would suggest going on https://www.nav.com/ for a list of companies and to check your credit.
Make sure you sign up for terms like Net 30 if getting accounts for your business.
Get at least 2 "Trade Line" accounts. They can even be fleet gas cards. Once you have two you are eligible for credit reporting to Dun and Bradstreet.
Keep monitoring and pay off your credit before it is within 10 days of being due.
The more you add, the faster you will build and the better terms you will get for loans.
If you upgrade to the Premium membership you will see all the training videos and have access to the links of these sites. You will also be able to see how the founder of 214 Consultants built his credit from 0 to 84 (excellent credit) within 4 months.
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How do I actually build business credit?
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