Business credit building from scratch.

[BRBiz]

Much of this post still works today!

[CreditGuy03]

On 8/7/2017 at 3:24 AM, Rothstein1928 said:

Hi

 

It would appear that credit limits are not recorded on Experian or D&B, which begs the question, why is everyone getting so excited about opening a Dicks Sporting Tractor account (for example !) with a $5k limit.........when they dont want to buy anything from them ??

 

It seems to me, all this net 30 is a waste of time, and money.............its a long time before it actually contributes to anything getting anything tangible, i.e. MONEY ! ?

 

The reporting is hit and miss at best.........and any company you apply to checks your PC if you are under 3 years old company anyway

 

I feel its quicker and easier to get a couple of secured business cards, use them to death, and reply on good old turnover through your bank accounts to get credit..........all banks care about is turnover, thats what gets you big credit, not buying $60 worth of crap for 2 years..............

 

Unless im missing something, things have changed , a paydex may have opened doors ten years ago, now its pretty pointless ?

 

This does make alot of sense.

 

I dont see how multiple $60 reported tradelines will help anyone build any reasonable business credit. Yes some may give you $50k in credit but none of that is being reported so how does that help your business obtain high LOC's?

[biggwigg]

I just read all 64 pgs of this thread , (took a cpl dayz) and the only REAL problem I see is that it STOPPPED being UPDATED! What gives ppl? Come on... We all knw its new/updated reqi to get these accts frm tier 1 to higher tier's with & without PG. Hey BRBbiz, lets keep it goin 

[BeenAlongRoad]

Sorry to hijack thread but I've posted in this thread many times and have a new inquiry...

 

So I've followed all the advise of BRBiz and others in here and  have built up my business credit quite well. I have one vehicle leased, one vehicle purchased, several credit cards all with no PG.

 

Well, next on my list is a mortgage for a office space with no PG. Anybody have any suggestions on a lender that would do this?

 

Thanks!

[creditxpert]

On 3/6/2020 at 7:11 PM, BeenAlongRoad said:

Sorry to hijack thread but I've posted in this thread many times and have a new inquiry...

 

So I've followed all the advise of BRBiz and others in here and  have built up my business credit quite well. I have one vehicle leased, one vehicle purchased, several credit cards all with no PG.

 

Well, next on my list is a mortgage for a office space with no PG. Anybody have any suggestions on a lender that would do this?

 

Thanks!

How long have you been building your business credit? The info to start still basically the same as when this thread started back in 2015? I’m starting from scratch..

[tdslf]

Hello All,

 

Dont know if this counts but...I just went to QuickMart three weeks ago and applied for their gas card.  Just got it in the mail after having been approved for a $3K. It has my company name on it.....I just recalled how hard someone was saying it was to get a biz credit card. In the door...........  

Edited February 21, 2021 by tdslf
cont. message

[YoungHustler]

I already have a few tradelines with Quill and Uline. I am currently trying to acquire a few more but I'm wondering;

Is a virtual business address needed? 

 

On my incorporation documents I use a home address, but I need to renew my state registration, so if I am going to change addresses, the best time is now. 

[financialevolution]

I just got this from Amsterdam:

 

Good evening.

We do report to Dun and Bradstreet but only for an account that is not paid or delinquent account. We do not forward positive.

Thank you and Stay Safe,

 

Leslie
Amsterdam Printing
Customer Service
800-833-6231
www.amsterdamprinting.com
166 Wallins Corners Road Amsterdam, NY 12010

[Bennylud]

The problem of business lending has long disappeared. Most large and medium-sized banks are ready to support young entrepreneurs, as there are mechanisms for the age of the borrowed amount. I am sure that at the moment, you can find a lot of good offers or opportunities to attract direct investors.

[record]

Hi All,

Checking if anything has changes since the pandemic or does anyone have any updates? Thanks 

[swingline]

9 hours ago, jvanni82 said:

I have a list of tiers for the business credit that shows what to do at each tier, if anyone is interested. im starting the process myself with a new company to see what kind of funding i can achieve over the next 7 months. need some guidance and support. im willing to be the test subject if anyone wants to follow along. just tired of all the guru bs. doing it alone. wish me luck.

 

I'm sure I can't add much to a ten year thread other than to offer a heads up that US Bank, AMEX and BofA are three that I have that don't report on my personal credit reports.