Business Tradelines and Tiers

(Layers TWO, THREE, and FOUR)

I have previously taught about seting up a business foundation and the Layer 1 and 2 accounts needed to do that.  If you have successfully set up your three Layer-2 accounts, you can skip down to the section marked LAYER 3 ACCOUNTS, if not here are some additional tradelines that will help you fill your layer-2 foundation.  

For all of these, you want to make a minimum purchase of $50 or more and make a second purchase if the first does not get reported. Along with these, roughly every 6 months or so, make another purchase to ensure the account stays reporting. And you must pay the invoice 7-10 days BEFORE it is due; not too early but most definitely not last second either.  set reminders for all of these so you will have the most success.

LAYER 2 ACCOUNTS

MENARDS

HTTPS://WWW.MENARDS.COM/MAIN/HOME.HTML

EMEDCO

WWW.EMEDCO.COM

Set up, then Log into your account and place an order for a net 30 pay later purchase.

MSC INDUSTRIAL

WWW.MSCDIRECT.COM

HTTPS://WWW.MSCDIRECT.COM/CUSTOMERSERVICE/CREDIT

Include your Application ID on all correspondence.

FEDEX FREIGHT

HTTP://WWW.FEDEX.COM/US/

HTTP://WWW.FEDEX.COM/VI/REGISTRATION/CORPORATE-NCC.HTML#2A

You will need to go to the link above to apply for this account. You should be contacted by them within 5-7 business days for further instructions if needed.

ALLIED BUILDING now called Beacon

https://www.becn.com/welcome-to-beacon

https://www.becn.com/proplus/sign-up

FAX: 1-201-635-5086

You’ll want to print, sign, and fax the application to the number above.

LAYER 3 ACCOUNTS

To move your company forward with a third layer of accounts, we want to ensure we have between 3 to 5 items reporting to your Experian Business profile that have credit terms and that have been reported as PAID as agreed.  

You want to aim for a Paydex score of 80 or above PRIOR to applying for the following accounts. Below are the Accounts with the easiest odds for Approvals with your third layer of Accounts. 

REMEMBER!!!!  DO NOT COMPLETE ANY PERSONAL GUARANTEE INFORMATION. 

Please print, sign, and forward the applications to the vendors below: 

TORPAGO

HTTPS://WWW.TORPAGO.COM

You must go to the website and apply online. They require a social security number, BUT, it is to verify your personal information and that you are a U.S citizen only. Torpago uses your banking history and allows you a line of credit based on your banking history.

LOWES

HTTP://WWW.LOWES.COM/CD_LOWES+CONSUMER+CREDIT+CENTER_739786611

FAX: 1-866-723-9556

You must print, sign, and fax the application to the number above. You’ll receive a decision by mail in the next 7 to 10 days so be on the lookout. 

FUEL MAN

HTTP://WWW.FUELMAN.COM/APPLY-FORCARD.ASPX

PHONE: 1-800-383-5626 

FAX: 1-866-435-3795

DIGIT SECURITY CODE: 33322

The second page has vehicle information that you MUST fill out. Note that Fuelman does a manual approval process. You should be contacted within a week or so as to confirm whether you were approved, HOWEVER, we recommend to all of our students that they use the number above to call within 72 hours of the application being submitted to check on the status as they sometimes will provide a quicker response right there over the phone with you. You must pay the invoice 7- 10 days BEFORE it is due.

LAYER 4 ACCOUNTS

Now that we have established our corporate credit baseline, we will focus on establishing some accounts that report as credit cards. They are not all necessarily credit cards with cash access, but many send a physical card in the mail, helping us establish a good business credit history. Since layer three is focused on getting higher value accounts such as the Fuelman cards, we should have some good account activity with strong credit limits, putting us in an ideal position to get the approvals we are looking for.

You will want to find THREE out of the following list and apply: Pep Boys and Jiffy Lube will almost always get approved at this level during the process.

I would suggest picking at least one fuel card local to you that will best serve your needs. It’s also good to remember that most of these accounts give you service access; if you need parts or service/repairs, most of these accounts will cover that as well. REMEMBER, you do not want to complete a personal guarantee for any of these accounts. If there is a requirement, you should leave blank or reach out to the company.

AMAZON (Only Credit Cards now)

Amazon used to offer a Net 55 account but only provides credit cards https://creditcard.americanexpress.com/amazon/?utm_mcid=3575152 

PEP BOYS

HTTPS://WWW.PEPBOYS.COM/AUTOSERVICE-REPAIR/FLEET-SERVICES

PHONE: 1-866-553-6254 

FAX: 1-215-430-9339

Fax this application, and you should receive a response within five business days. You can call and check the status at any time. On rare occasions, if the tradeline does not report the first time, please make a second purchase for it to report onto your business bureau report. You must pay the invoice 7-10 days BEFORE it is due. 

JIFFY LUBE

HTTPS://WWW.JIFFYLUBE.COM/FLEETSERVICES 

PHONE: 1-800-344-6933 

FAX COMPLETED APP TO: 1-800-374-4568

You should be contacted within a week, however, we recommend to all of our students that they use the number above to call within 72 hours of the submitted application to check on the status as they sometimes will provide a quicker response. ALways pay the invoice 7-10 days BEFORE it is due.

PICK AT LEAST ONE OF THE FOLLOWING FOUR GAS CARDS THAT IS LOCAL TO YOU

SHELL FLEET CARD

HTTP://WWW.SHELL.US/BUSINESSCUSTOMERS/SHELL-COMMERCIALCARDS.HTML

PHONE: 1-888-987-4355 

FAX:  1-800-767-1325

Print, sign, and fax the application to the number above. Call after 72 hours to check the status. And again pay 7-10 days prior to the due date.

BP

WWW.BPBUSINESSSOLUTIONS.COM

Apply and call after 72 hours to check the status. Pay the invoice 7-10 days BEFORE it is due.

VALERO

You can apply at https://www.valerofleetcards.com/fuel-cards/?cc=E1N%7CG3JP

PHONE: 1-866-297-6093 

FAX: 1-210-370-4183

Fill out the information and call after 72 hours to see your status. Pay the invoice 7-10 days BEFORE it is due. 

SUNOCO

PHONE: 1-855-962-2240

FAX: 1-800-401-0709

LINK https://www.sunocofleetcards.com/fuel-cards/?cc=YY4

Apply for business and call within 72 hours of the application to check on the status. You’ll want to pay the invoice 7-10 days BEFORE it is due.

Now that you have set up these four credit levels, you will have access to much more funding because you took the time to build out a strong good looking foundation that 90% of businesses do not do and the banks will notice and appreciate.

At Credit Counsel Elite, we teach business owners how to get up to $500K at 0% interest every six months; for more information, CLICK HERE