Sep. 12, 2021
Common Steps To Build Business Credit From Scratch
Building business credit isn't as hard as you think! Building business credit is imperative to growing your business to the level of success you dream of. A good business credit score can enable you to acquire financing hassle-free, increase the value of your company and protect your personal credit.
Have you ever wondered how an individual get funding for their business so easily? Have you ever wondered how can someone obtain thousands of dollars to dump into their businesses? Well, ponder no longer, in this guide, we will teach you a few steps to get started.
Once you bring that business idea to life (create LLC, registering your business, get a federal EIN, open a business bank account, register with Dun & Bradstreet to get a D-U-N-S number, establishing a business phone number, website, etc), you'll need to start focusing on building business credit by getting a tradeline reported to your business credit. We found a great company to do just that for you, NAV. They're like the Credit Karma for businesses. They report to all 3 business credit bureaus as well. You can view your business credit for free or choose to pay a small monthly fee, which will be reported to the bureaus as a tradeline! Awesome right? Check it out below