Business Meeting

Building Business Credit

Business credit allows a company to borrow money that can be used to purchase products or services. It is based on the trust that payment will be made in the future. Business credit gives you access to cash and credit lifeline for your business.

Branded by Glam has specialized in building business credit for entrepreneurs. Building business credit is tricky but it is well worth it and every business should be able to have access to lines of credit and NET vendor accounts.

What do you need to build business credit?

First Step 

Get Started

  1. Legalize your business

  2. Secure a business address (virtual or physical, not PO Box)

  3. Get an LLC (sole proprietorship businesses are harder to get approved for due to liability)

  4. Obtain an EIN number from the IRS

  5. Open a business bank account (credit unions are recommended)

  6. Request a Dun & Bradstreet number

  7. Upgrade your Credit signal account with Dun & Bradstreet

  8. Create a NAV account 

  9. Upgrade your NAV membership 

  10. Subscribe to Experian business credit 

Need more help building business credit?

Purchase and download the "Road to Building Business Credit" E-Book Today!
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Second Step
Find Vendors & Setup Accounts

  1. Find vendors to setup business accounts (only setup accounts you will actually use)

  2. Be prepared to show proof of your business (EIN letter, LLC formation, business license, bank account statement, etc..)

  3. You may need to use PG (personal guarantee) for some accounts (this will require your credit to be checked)

  4. Setup vendor accounts & ask for NET terms (30/60/90 days)

Purchase and download the "Business Credit Vendor List" Today!
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Third Step
Manage Your Accounts

  1. Purchase items you need from the vendor

  2. Add your business bank account to your vendor account for easy bill pay

  3. Pay the invoice 10 days prior to the due date to have a better score

  4. Keep the invoices for your records

  5. Monitor your credit with NAV, Credit Signal and Experian Credit