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Veterans Business Community

293 members • Free

2 contributions to Veterans Business Community
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.
0 likes • 21d
Getting an EIN is super easy.
VA loans
If an one needs help learning more about VA loans, or using a VA loan, I am happy to help. If there is an organization out there, that would like a presentation, I am a MAR certified Real estate instructor, and can bring lenders and financial managers to help people, learn more and make informed financial decisions.
2 likes • Sep 5
No, however you could possibly get a new construction, but that would require all the house plans, permits and approvals being in place. Purchasing land without perc testing, and not talking to the local zoning enforcement officer, conservation, board of health, is a risk. Ground or under the topsoil, could be wetlands, flood zone, or ledge, no way to be sure, unless investigated. Not sure if a USDA loan would be an option, and would depend on the use, zoning, location. A mortgage broker would be a good start and person to talk to. They can review mortgage products from dozens of different lenders and banks, to get you the best deal on rates and closing costs.
1 like • Sep 5
Happy to help
1-2 of 2
James Burton
2
8points to level up
@james-burton-8910
VA Home loan expert & residential real estate broker, 170+ VA loans closed. Single family, condos, Multis, I am licensed in MA, RI, & NH.

Active 21d ago
Joined Jun 24, 2025
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