Never really thought about business credit the way you all do here. I'll tell you my business credit develpment so far.
Since I started this adventure around March 25, 2017 we have obtained the following accounts (without PG):
Total Credit Lines: $77,600
Time To Grow: 8 months (since March 2017)
Key Goals for Next 180 Days (Through June 2018)
I attempted NewEgg, several revolving card (Home Depot, Lowes AR), Amazon, and WalMart.
Synchrony does not like me at all. Citibank and CIT Bank have been the most friendly. I believe that the seasoning has helped.
(I reposted this becuase the old thread somehow was rejected when I made a change.)
Very impressive. Thanks for sharing the detail and data.
Thanks for the information,
in March I see you got too many approvals/cards . How many HP you got in your personal credit for that ?
These are all no-personal guarantee (no-pg) accounts. I did not provide my personal information other than my name and, for a few of them, my date of birth for Patriot Act reasons. Not one of these are accounts are personally guaranteed. I made it a point to only apply for no-pg accounts to truly separate my business from myself.
I asked Amazon Corporate Line Net55 (Synchrony) to match my $10,000 Pay By Invoice. I get an email today that I have a new Amazon Corporate Line account (with a new last four digits). So I called and it appears that they opened me another Net55 account with a $6,000 line of credit. So, between the Pay By Invoice and the Net55 accounts, I have $20,000 in credit with Amazon ($10K Net30 and $10K Net55). I am really going to garden now.
I am a bad boy. I am supposedly gardening my business credit. However, a business opportunity came across and we are going to open a mall location in 2018 (I know, I know... Amazon will eventually kill us... but...). Since we have $10K in Amazon/SyncB Commercial Net55 and a $10K Amazon Pay-By-Invoice, I thought I'd try for the Amazon/SyncB Revolving Commercial Line. We were denied the prior to times and as fate would have it, we received the notorius 7-10 day message. To my surprise, Synchorny called on the business line today and, after a brief hold, approved us for $6,000 in revolving commercial credit. I would have liked $10K but I am not complaining at all. This will help setup the new location. We need to ammortize some equipment such as the Square POS, the iPads and some other essential equipment. All other "consummables" are going on the Net55 or thePay-By-Invoice lines. This is our largest revolving line of credit to date. We need to let this marinate.
Back to gardening.
I am supposedly gardening my business credit.
Back to gardening.
I wouldn't try to use the concepts of personal credit learned here on your business credit.
Gardening your business credit if you want to borrow the term really has a different meaning.
EDIT: Because I went back and reread.
I think you are on the right track by using your lines, but many of them don't report.