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How to Build Business Credit in 30 Days

Today, we’re talking about how to build business credit in 30 days. In this post, you’re going to learn step-by-step how to establish anywhere from 12 to 15 accounts reporting on your company’s business credit reports whether you’re a start-up or an existing business in 30 days or less.

So, let’s get started.

Building business credit allows a business owner to protect their personal credit while establishing the creditworthiness of the business itself. With a separate legal entity such as a corporation or limited liability company, you have the unique ability to create a credit identity for the business also known as a business credit profile with the business credit reporting agencies.

When you structure your business as a corporation or limited liability company it becomes recognized as a separate legal entity with the ability to enter into contracts. It’s treated as a separate being. Basically, you have the ability to create a credit file in your company’s name using your EIN number.

Your EIN is used by the IRS for tax purposes, but this also gives you the ability to create a business credit report with the business credit reporting agencies. This credit profile for your business is vital if you plan on acquiring credit or funding using your company’s credit report as a qualifier. Banks, lenders, vendors, suppliers, retailers, business owners & investors check business credit reports to gauge the creditworthiness, the viability and strength of a business.

  • Get 4-5 business credit cards that only report to the business credit agencies

  • Get 4-5 revolving lines reporting to your business credit reports ($25-150k)

  • Gain access to $25-$150k in revolving lines of business credit

  • Does not report to personal credit)

  • Positions the business for future credit limit increases

  • Report Your Company’s Utility & Telecom

  • PaymentsAccept Credit Cards for Payment (Merchant Processor that Reports)

What’s powerful is when you go to apply for additional credit you now have an established business credit report with sizable credit limits that credit grantors can see. This will play an important role in the types of credit you can acquire and the size of credit limits extended to your business.

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Helping Small Business

Choosing the right financing option is challenging, but there are several options are available to small business owners, like the funding options mentioned in this post.

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