How do I establish business credit? · Royale Essential Wealth

How do I establish business credit?

In general, the key to building business credit is to do business with companies that report payment history — then pay on time and keep debt levels manageable.

7 steps to establishing business credit

Step 1: Build your business foundation

Step 2: Get a D-U-N-S Number and EIN

Step 3: Get business tradelines that report

Step 4: Open a business credit card or charge card

Step 5: Pay on time or ear

Step 6: Get additional tradelines

Step 7: Monitor your business credit scores

Business credit vs. personal credit

How long does it take to establish business credit?

Business credit timeline

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