09-20-2012 08:46 AM
Most of these threads seem to be outdated with new info so I wanted to ask....
I started a marketing company this year. Obtained EIN 3 months ago, leased an office 2 months ago, and am now stuck! Lol...
I know where to go from here but don't know how to get there! Now I would like to obtain 4-5 tradelines, but who recently, are the easiest to give out business credit?? Not too concerned with CCs as I am with Net 30s? Please help. Thanks!
09-20-2012 03:06 PM
One thing you want to do is to get a Dun and Bradstreet Duns number and you can do a web search for them. I opened up my own small business a year ago. The first business card I got was a Capital One Spark (no rewards, just the basic card) and I got that one right around the time that I opened. I had to put my personal information as a personal guarantee, but it does show up as a tradeline on Dun and Bradstreet, and on my business Equifax and Experian reports. About six months ago, I got a commercial Staples card and I did not have to personal guarantee that one. Right now, I am being faced with a lot of companies wanting 2 years in business before extending credit. You may want to consider a gas card as a third tradeline. Once you have 2 or 3 tradelines and you can get a good history going with those, it will make it easier to get business cards with companies like Chase and Amex.
09-21-2012 06:16 AM
I should have mention I do already have a duns number, received last month. What was your credit score at the time of your business cc approval?
Remember a few years ago when there was an exactly list of where to go for business credit without a PG? That's what I'm asking now... From EXPERIENCE, who here have received business credit without PG and where? Are companies like Quill, Reliance, ect still good to go for tradelines???
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