January 21st, 2014
Published by: marcocarbajo
How To Build Credit For
Not sure how to build credit for your business? Discover
the key steps required before applying for credit for your
business and what it takes to qualify.
For more information visit =>
How to Build Credit for Your
be surprised to know how many seasoned companies don’t
comply with these standard requirements.
Once you complete lender compliance the next step is to get a
DUNs number for your business. Dun and Bradstreet is one of
the major business credit reporting agencies that enable you
to register your business and set up a company profile.
The DUNs number assigned to your business will be the
number you submit on business credit applications. This
enables a creditor or supplier to review your profile when you
apply for credit. By supplying your DUNs number, creditors
and suppliers will also be able to report your payment history
to your business credit report if they share data with Dun and
Getting your company listed with Corporate Experian or
Equifax Small Business requires that your business applies for
credit with creditors that furnish data to one or both of these
agencies. The information you supply on credit applications
must be consistent and perfectly match to avoid mismatched
data and creating duplicate credit files with an agency.
When it comes to building credit we’ve all heard the typical
advice; get a few credit cards, use them regularly and pay your
statements on time. But when it comes to building credit for
your business what then?
Now I know you can always acquire credit as a business using
your personal credit. However, in order to truly build credit
for your business where it actually reflects on your company’s
credit reports requires that you follow a step-by-step process.
In this report I will cover how to build credit for your company
whether you are a startup or seasoned business. The first
thing you should know is acquiring credit in the name of your
business is not as simple as filling out a credit application.
As you can see building business credit is much more
than simply applying for credit. It requires meeting lender
compliance, obtaining a DUNs number, and acquiring credit
with creditors and suppliers that furnish payment data to one
or more of the major business credit reporting agencies.
There’s some initial prep work that needs to be done in order
to structure the proper foundation for building a creditworthy
company. Are you familiar with the term lender compliance?
Lender compliance is an industry term that basically means
having a business set up and structured in a way that
meets standard guidelines set forth by lenders, creditors, and
By meeting these guidelines you not only have the ability to
acquire credit as a business but also increase the financing
opportunities available for your company.
Now meeting these guidelines not only applies to startups.
If you own an existing business you will need to conduct a
complete evaluation of your current foundation. You would
You have probably heard the quote, “If you continue to do
what you’ve always done, you’ll always get what you always
got.” Nothing could be further from the truth. In order to stop
putting your personal credit at risk, start building credit for
your business today.
Ready to start building credit for your business? Become
a member of my Business Credit Insiders Circle at http://
nopersonalguaranteebusinesscredit.com and gain access to
a proven step-by-step business credit building system. A
system that provides you access to vendor lines of credit, fleet
cards, business credit cards with and without a PG, funding
sources and lenders that report to all the major business credit
bureaus. Submit your name and email below for details and
receive a free business credit building audio seminar ($597
value) => http://startbusinesscredit.com
January 21st, 2014
Published by: marcocarbajo
To Your Success In Business and in Life!
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About the author
Marco Carbajo is a business credit expert, author, speaker,
and founder of the Business Credit Insiders Circle. He is a
business credit blogger for Dun and Bradstreet Credibility
Corp, the SBA.gov Community, and All Business.com. His
articles and blog; Business Credit Blogger.com, have been
featured in ‘Fox Small Business’,'American Express Small
Business’, ‘Business Week’, ‘The Washington Post’, ‘The San
Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’. You
can also find Marco on Google+.
Image courtesy of FreeDigitalPhotos.net