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..