If you have no business credit history I would start with Uline, Quill, Grainger, and SupplyWorks once they report you should be able to get amazon net55.
Make sure your business is set up credibly before you try to get any business accounts.
Make sure your business is filled with your state
You have a business phone #
If you have any more questions just reply to this thread.
I am already filled with the state and all that, my business is 5 months old. I already have uline and amazon as credit line actually amazon was my first line with no PG. My question is will these two lines be enough to build a good business credit profile to beable to get more store cards without PG? Because I know visa and master cards needs PG.
Yes any tradline that reports to business credt bureaus is good as long as you pay on time and keep using the account. I would get other easy accounts like quill, grainger, and supplyworks. I would have at least 5 - 6 tradelines reporting before i would go for some store cards. And there are some mastercard and visa acounts you can get with out a PG. I currently have a fleet card mastercard that has a 5400 limit with NO PG. I can use the card at any gas station or maintenance facility and have 14 days to pay its a great card and it reports to all 3 business credit bureaus.
I use nav.com to monitor my business credit and Dun & Bradstreet does not factor in uitilization but Experian might I am not to sure and also when you place orders with those companies make sure you are spending $50.00 or more because some companies like quill.com don't report payment experiences unless the order is 50 or more.
Soooo, how did it work out? Now that we're a few months done the road. Who is reporting for you? I'm wondering if I should try for the Amazon net 55 yet and if it reports, seems to be conflicting info on that. THX! Does Grainger have a min $50 spend to report like Quill?
If anyone can help, I'm having a lot of trouble finding starter companies that report, many of them who said they do, only to find out after spending time and money that don't (including Wells Fargo secured card, WexFlex Gas Card, Strategic Network Solutions). Many companies that previous did report no longer do.
I still have:
BBVA (secured bank card)
But MSC, Amsterdam Printing, Demco (needs a year), and many others have recently changed.
From my understanding I need 3-5 reporting on D&B, and a minimum of 5 on Experian to move to the 2nd round. I currently have 3 on D&B and 2 on Experian.
Any help would be awesome thank you!
Give some background information about your business. What kind of business, structure, number of years in business etc and I can give you some recommendations.