how to build business credit?

[stevesmith]

How to build business credit effectively? Start by registering your business and opening a business bank account. Use credit responsibly by paying bills and loans on time. Strong business credit improves financing options and vendor relationships.

 

[Benjamin]

Follow these few steps to build business credit:

• Form an LLC or corporation.
• Get an EIN from the IRS.
• Open a business bank account.
• Obtain a D-U-N-S number.
• Open vendor credit accounts.
• Pay all bills on time.
• Monitor business credit reports regularly.

 

[ZacherySal]

In order to establish business credit, register your business first, and get EIN. Open a business bank account, request a D-U-N-S number and cooperate with the vendors reporting their payments to credit bureaus. Always pay bills on time, maintain balances low and slowly apply to get business credit cards or loans.