How to Build Business Credit with 3 Important Tips

Building a business credit score is not as easy as it sounds. It takes time and effort to build a good credit rating. But there are some steps that you can take to improve your business credit rating.

The first step is to make sure that you have a good personal credit score. This will help you get approved for loans and other financial products in the future. The second step is to make sure that your company has a good payment history with suppliers, vendors, and customers. The third step is to make sure that your company has enough cash flow coming in every month so that it can pay its bills on time.

That's just basics now you need to make sure that your companies structure is all in order. You need to make sure you have the following: Commercial Address, business structure, EIN, logo, letterhead, website, vanity email a more. This will allow you to begin the process of building credit profiles with Experian for an intelliscore, Dun & Bradstreet for a paydex score, and Equifax SBFE.

This process can be a bit cumbersome as some companies don't report to the bureaus either on time or at all. This is where it gets tricky, it's up to you to manage this. Although this is a lot of work it can be very beneficial. If you need help doing this please give us a call we have a program that can assist.