Business Tradelines Net 30 Accounts

(Tier 1)

Building business credit is a long-term process. You want to start with the first four levels of business credit and of course make sure your business foundation is set up properly before you then build from there.

What are the general requirements for big banks with NO Personal Guarantee(PG)? Most banks like to see 2 years in business, 5 million in sales, more than ten employees, and tax returns provided. Does this mean that we must wait until we meet all of these requirements to build out a company with NO PG? 

No!!! We can build out with net 30 vendor accounts, fleet cards, and even work up to NO PG Visa/ Master Cards. Keep in mind the first goal for everyone should be to get a minimum of 10-14 Tradelines reporting to all three business bureaus (D&B, Business Experian, & Business Equifax) with a minimum of $10,000 in credit reporting across all three as well. This will surely set your business credit fundability up for success.

How to get started?

You will begin with starter accounts for a Brand New Company:

Focus on “net 30” accounts such as Grainger, Quill, and Uline. Buy between $50-$100 in supplies on Net 30 terms. This can take between 1 and 3 months for accounts to start reporting to the bureaus but will help establish yourself with business credit.

You want your business credit profile to have at least 5 accounts reporting across all three business bureaus before you reach out to any small local bank for funds such as BLOC (Business Lines of Credit) & BCC’s (Business Credit Cards.)

Quite honestly, this method takes time and dedication to complete. Those looking for a shortcut can purchase aged Shelf Corporations (make sure it has not been black listed with the banks) by reaching out to www.CreditCounselElite.com.

Round 1 Lenders (previously covered)

1.) GRAINGER INDUSTRIAL SUPPLY MUST APPLY OVER the phone: 800-323-0620

https://www.grainger.com/ 

they report to D&B (Net 30)

2.) ULINE 

Apply at https://www.uline.com/ 

Add an item to your Cart, and Upon Checkout Open an account and select “to be invoiced” 

ULINE Reports to Business Experian and D&B (Net 30) A $50 minimum purchase before taxes and shipping is required to report. Uline will notify you once you have been approved for credit Net 30 terms or Prepayment terms.

3.) QUILL

https://www.quill.com/

A $50 minimum payment to report. Quill will notify you once you are approved. Add an item to your Cart and upon Checkout, Open the account Select to be invoiced or you can call 800-982-3400 to apply. 

Quill Reports To: D&B (Net 30) 

ADDITIONAL LEVEL-ONE OPTIONS

4.) BEHALF.COM 

https://app.behalf.com/users/signup

Customer Service [email protected] & Phone: 877-943-99625 

Behalf reports to D&B, Experian, and Equifax (Net 30) 

5.) LUKOIL FUEL CARD Now Called WEX

https://www.wexcard.com/

Reports To: D&B, Experian, Equifax 

This is a Net 22 account Phone: 888-737-7626

6.) VENTURE LOGIX 

https://venturelogix.net/ OR apply over the

Phone: 321-345-6449 

Venture Logix reports to D & B, Business Experian, and Business Equifax

7.) WELLS FARGO BUSINESS SECURED VISA:

https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Phone: 1-800-416-8658

TO APPLY: Go Online In Branch Or via Phone. 

Wells Fargo reports to Business Experian and provides a $500 to $25,000 credit line. Although it’s a secured Visa, Wells Fargo will require your personal SSN along with your EIN#. Poor personal credit is usually not a factor for approval.

8.) GLOBAL VOICE DIRECT

TO APPLY: go to https://globalvoicedirect.com/

GVD Reports to: D & B and Experian (Net 30)  

Phone: 877-308-5803 

They will usually offer a $7,500 line of revolving credit

9.) DIGI KEY

You can apply at https://www.digikey.com/Web%20Export/Info/CreditUS.pdf https://www.digikey.com/

Digi Key Reports Quarterly to D & B, and they provide Net 30 terms

Phone: 800-338-4105

10.) Pilot FLYING J 

TO APPLY, go to https://creditapplication.pilotflyingj.com/creditapp

They will report to D & B and have Net 7 terms.  

Phone: 877-866-7378

11.) STRATEGIC NETWORK SOLUTIONS 

TO APPLY, go to https://stntsol.com/register

Sign up online under the “Register” tab, then select a product.

SNS Reports to Experian & Credit Safe and provides Net 30 terms

Phone: 818-528-5393

12.) DS9 DESIGN 

TO APPLY, go to http://ds9design.com/

Or you can apply over the phone at 877-816-0192 

DS9 reports to Business Experian and Business Equifax

OTHER OPTIONS FOR TIER 1 Net 30 TRADELINES

13. NAV Business Booster Net 30 (D&B, Experian, Equifax)

14. Crown Office Supplies Net 30 (D&B, Experian, Equifax)

15. 76 Gas Net 22 (D&B, Experian, Equifax)

16. Kum & Go Net 22 (D&B, Experian, Equifax)

17. Wex Fleet Net 30 (D&B, Experian, & Equifax)

18. Supply Works (Experian)

19. Wilma Net 30 (Experian)

20. Hardware Exp Net 30  (Equifax)

21. Marathon Net 22 (D&B, Experian, & Equifax)

22. You can also update your cell phone bill for (T-Mobile or Verizon) just ask you phone provider to switch to a business account, and it will begin to report

23. Seton https://www.seton.com/

24. HD Supply https://hdsupplysolutions.com/

25. Gemplers  https://gemplers.com/

26. Amsterdam https://www.amsterdamprinting.com/

27. Global Industrial https://www.globalindustrial.com/

28. Sunbelt Rentals https://www.sunbeltrentals.com/

Once you have set up 3 to 7 tradelines that are reporting to Dun and Bradstreet, you can move on to the Tier 2 accounts.

Credit Counsel Elite teaches business owners how to get up to $500k every 6 months at 0% interest. Check out CreditCounselElite.com or CLICK HERE to learn more.