Business Credit Builder
The Most Preferred Business Credit Builder Is Here. We Find The Ways.
If you’re a new entrepreneur with a newly established business, taking a loan to finance your business may not be one of your options now. But you will eventually need to. When that time comes, finding the best business credit builder will be one of the indispensable things you can do to grow your business.
Getting access to business credit and financing isn’t a thing for new ventures only. Established businesses also need to acquire business credit to grow further. Establishing a stronger business credit profile much earlier will make your current and future entrepreneurial plans successful. This is the reason to seek business credit builder services early enough.
Building business credit is not rocket science, but it requires thorough planning and some forethought. So, the earlier you start, the sooner your business credit profile will grow. A reliable business credit builder service can save you the stress and hassle of doing it yourself to ensure that you achieve the highest success rate with your business credit profile.
007 Credit Agent provides business credit builder services with a team of specialists experienced in business financing and business credit. We handle all aspects of enhancing your business credit ratings.
Equipped with our credible business credit building services, you can quickly achieve a stronger business credit profile. We’ll take you through our process which focuses on proven, tested, and highly customized business approved strategies. We follow intuitive and user-friendly technologies and expertise. Our comprehensive business credit team of advisers will help you along every step to simplify your business credit building experience.
What Is Business Credit?
Most businesses thrive on credit financing. The potential that credit lenders view on your business as capable of being offered credit is what is referred to as business credit. In other words, your business entity has a credit score and report, just like you do.
After building excellent business credit, all credit lenders and financing institutions will be more than willing to offer your business loans to grow further. Working with a reputable business credit builder ensures that you get your business credit profile right the first time so you can have a seamless process of acquiring credit.
At 007 Credit Agent, we deal with all major business credit bureaus, including Equifax, Experian, and Dun & Bradstreet, to get your business credit at the right position you need it to be.
How To Qualify For Favorable Business Credit
There are foundational steps you need to take towards building a solid credit score for your business. First, your business needs to start with commercial credit accounts. Second, you will need to manage those accounts correctly so your payments report to the business reports.
There are also other nitty-gritty details to learn to establish your business credit and qualify for funding. Building a proper business structure is vital and will prepare your business to be fundable.
Check out the following key points you need to do to make your business fundable and obtain credit financing without a hassle:
- Register the business.
- Request your Employer Identification Number (EIN) from the Internal Revenue Service (IRS).
- Open a bank account for your business.
- Acquire a dedicated phone number for your business.
Types Of Business Credit
Once you have accomplished the steps enumerated above, your business can qualify to obtain different types of business credit. There are several options. Here is a rundown of the most common types of business credit you can obtain for your business.
Vendor Accounts
Also known as net-30 accounts, vendor accounts allow the company to pay for products, services, and goods after the purchase. These business vendor accounts allow you to buy products and supplies and pay off the invoice within 30 days. However, there are variations like the net-90, net-60, and net-15 terms that other companies may offer. Get the stretch you need for cash flow with vendor accounts. It also adds positive tradelines to your business credit reports, considering some vendors report the payments you make to the commercial credit bureaus.
Charge Credit Cards
American Express has charge cards. They look like ordinary credit cards, but they work differently than the credit cards you are used to. With your charge credit card for the business, your company pays the full amount from the bill monthly. You pay the bill in full, not a minimum payment like most revolving credit cards.
Revolving Accounts
There are two different kinds of revolving accounts you can open for your business. They are credit cards for small businesses and lines of credit. Revolving credit accounts let you borrow money with a credit limit. Once you pay the balance, you can freely charge up the credit limit once more, provided that the account is in good standing and current. When the business has a credit card, it does not have to pay back the entire amount charged each month. Rather, it can pay the minimum payment. However, it will always be wiser to pay off the full balance every month even when it is not required. When you do so, you can avoid the pricey interest rates. You should always keep your credit utilization rate as low as possible. There are business credit rating models that offer rewards for maintaining the credit card's utilization rate low.
Installment Accounts
Last on our list is installment accounts. These commercial installment accounts refer to business loans. This occurs when a business borrows money at a fixed amount. You are to repay the lender with a fixed payment over a specified time period. Also, your interest rate remains the same. It does not change month to month. There are other types of business credit you can learn about and utilise for your business growth. These include real estate lines of credit, which is a credit issued depending on the amount of equity your real estate has.
Build Business Credit In Simple Steps
There is a step-by-step process that will guide you on the process of how to build your business credit. With our business credit building experts, we’ll provide go-to business credit builder services to help your business become fundable.
Shortly, we’ll also highlight what our services entail, our approach, and how to reach our representatives.
First step: setting up your business profile. To get started, your company must have the proper business structure and licensing. It takes time to kick off a business. Do not rush this process. It is important to structure your business properly from the start. But do not worry, we have business credit consultants who will work with you. They can ensure your state filings and federal filings are reporting the correct information.
Take good note that potential lenders will verify when the business bank account was established. Be careful with the business name you choose as some names imply a high risk industry. There are times things can go wrong if you miss any of these steps. Our business credit experts will guide you on this every step of the way.
At 007 Credit Agent, we provide a detailed list of the requirements for getting business credit approved under your EIN. Such requirements include your physical business location or address and an active business entity that is in good standing. Other important steps are the 411 National Directory Listing, contact details such as telephone number, Duns number, and more. Make sure to get your business compliant and fundable by structuring your business correctly from the start.
Setting up the business credit profiles with the top credit bureaus is crucial. Note that there are vendor accounts that do not report payments to the bureaus. Therefore, it is necessary to use vendors that will report payments to the business credit bureaus only. These vendors change their credit reporting policies often so make sure to use only those who report today.
Let our team establish your vendor accounts and help you manage the process of reporting the payments to various business credit bureaus. 007 Credit Agent deals with the major business credit bureaus, such as Equifax, SBFE, Experian, and Duns & Bradstreet.
When your account reports to all the credit bureaus, it’ll be easier for you to maintain a uniform credit profile across the board. If for instance, the credit account reports to Small Business Financial Exchange (SBFE) and not Duns & Bradstreet, you’ll end up with issues should a negative item be listed on your business credit report by SBFE.
A Net-30 account will allow your business to acquire products today and pay for them 30 days later. In other words, it’s a vendor that enables you to purchase now and pay the invoice within 30 days. You want to apply for Net-30 vendor accounts that will report your payments to the major credit bureaus and enable your business to develop robust business credit.
When applying for a Net-30 account, there are crucial points you should keep in mind. First, your business needs to be structured like a credible legal business entity in order to get approved for these initial credit accounts. Our experts will help you get approved for these Net-30 accounts using your business EIN without using your personal credit.
These initial Net-30 credit lines will report to your business bureaus. They will ensure you generate your business scores with Experian and Duns and Bradstreet. With these vendor accounts, your business will be in a better position to attract high-limit revolving credit. Our business credit builder consultants can help you with this process to ensure that your business starts leveraging the power of business credit.
The fourth and last step is getting revolving credit. Once you establish the business’s initial credit, it will be easier for you to acquire high-limit revolving credit without a personal guarantee. Revolving business credit depends on crucial business details such as your Employer Identification Number rather than your Social Security Number. The approval for this type of business credit doesn’t need a guarantee or a consumer credit check.
One of the major benefits of revolving credit is that you can keep using the same credit line as soon as you pay off the previous balance.
You can qualify for various business cards with revolving credit, including fleet credit for car fuel and maintenance. You will also be eligible for cash credit via credit cards from VISA or Mastercard and asset financing, such as a business vehicle credit. Additionally, you’ll qualify for credit at Walmart, Amazon, and other retail outlets.
Revolving credit will let you secure cash credit accounts with a high limit anywhere worldwide. You can also get car financing approvals without a guarantee or personal credit score check.
Why Choose 007 Credit Agent
Choosing 007 Credit Agent over other business credit builder services means securing the financing and future of your business growth. We provide solutions for everything your business credit score needs to be at the highest rating possible.
Our team is very knowledgeable about the various types of issues related to business credit. With this, we offer our wide array of services to businesses encompassing different industries, regardless of the scope. Whether you own a small business, medium-scale enterprise, or a big corporation, we offer a solution for your business credit needs
Our business credit builder consultants are present to ensure business owners have established trade lines with the all major business credit bureaus including Dun & Bradstreet, Business Experian, and Equifax Commercial. We’ll ensure your business credit profile is active and has all the updated and correct information. All the bureaus utilize your data to generate business credit score ratings and risk factors.
Our expert consultants will ensure that the generated business credit rating is legitimate and accurate. We will counter check with all the bureaus so you’re not wrongly given negative listings.
What Our Business Credit Builder Does
Rest assured that your business is in good hands with our business credit builder services. For years, 007 Credit Agent has helped thousands of business startups and established enterprises repair their business credit scores and achieve exponential growth. Everything we do is based on what you aspire to accomplish for your business. We have tailor-made approaches to handling each business as we believe every venture has its needs, which are different from others.
We take pride in our exceptional customer support that is available to you throughout the entire process. Building your business credit will be a stress-free experience with our team.
We treat your goals like ours. No matter your business’s size or growth level, our business credit builder services can help you. Our team creates a personalised business credit- building process so that your business can reap the benefits right away.
Our performance speaks for itself. We have hundreds of successful referrals whom we’ve helped grow by acquiring business financing through their great credit profiles.
- Corporate Compliance
We have a comprehensive system in place to ensure your business meets all the requirements and is credit compliant. This is where it all begins, and forms a very crucial part in acquiring business credit.
- Grow Business Credit Ratings Uniformly
Our team ensures that your business credit rating is uniform across all the three major business credit bureaus. We’ll follow closely with Dun & Bradstreet, Equifax Business, and Experian Business to ensure you’re fairly rated all across the board.
- Acquire Maximum Funding
We understand your business needs every penny it can get to stay afloat and deliver against thousands of other competitors. We’ll give you private access to vendor credit lines, unsecured business lines of credit, business credit cards, funding programs, bank loan facilities, and fleet credit cards that report only to your choice of business credit bureaus and reports.
Let our revolutionary business credit builder services track, monitor, and update your business credit progress.
Are you ready to take your business to greater heights?
Our Business Credit Consultants Will…
- Help entrepreneurs set up their business credit profiles to make their businesses fundable. In this way, your credit applications for the business will not be denied.
- Guide you in acquiring the D-U-N-S number from Duns & Bradstreet. Did you know about D-U-N-S? This number is often used by lenders, financial business partners to identify if a said business is credible, or has financial stability.
- Be present every step of the way to create Net 30 vendor accounts since many businesses do not have the required amount of tradelines. This is needed to establish your business credit ratings.
- Manage your applications for business credit. This way you will be approved for business credit without being a personal guarantor on those applications. Our team can help you achieve a high approval rate for all your business credit financing.
Solutions For All Entrepreneurs
Whether you need credit monitoring, credit repair, or credit building services, our business credit builder solutions will help you achieve your goals within the stipulated time frame.
At 007 Credit Agent, we empower every business with the right tools needed to acquire financing when they need it. We do this by leading them in the initial process, offering consultancy services, and helping them acquire initial credit tradelines.
007 Credit Agent consultants will offer you the best assurance that your business capital needs will be accomplished.
