STEP 4 – START GETTING APPROVED FOR BUSINESS CREDIT
In Step 4 we help you get approved for new credit in your business name that reports to the appropriate business credit reporting agencies. Much of this credit can be obtained with no personal credit check, and with no personal guarantee required from you eliminating your personal liability.
The first step in building business credit is to get approved with 5 Net 30 vendors who will give you credit, and who do report to the business credit reporting agencies. Once you are approved and you use those accounts, the accounts are reported and will become your initial trade lines on your business credit report.
As long as you pay your bills timely, you are awarded with exceptional business credit scores that will help you start getting approved for more revolving credit cards in Step 5.
You have over 40 vendors to choose from, the largest selection anywhere. And most of those vendors will approve you for credit even if you are a brand new startup business.
Each vendor in the Funding Suite offers extensive details about their company, reporting, and underwriting criteria. You can see the bureaus that each vendor reports to, you can learn about the products and services each vendor offers, and you can review the vendor’s actual underwriting guidelines so you will know you can be approved before you even apply.
You can even connect with each vendor directly through the Funding Suite in just one-click. And all of your application information auto-populates from the Funding Suite onto your applications for credit, saving you hours of time. So in one-click you can easily submit your applications to your new business credit vendors.
Once your new vendor credit is reported to the business reporting agencies you are then awarded with an exceptional business credit score. We then help you leverage your newly built business credit profile and score to get approved for even more revolving business credit cards in Step 5.