The Simple Dollar

Having a good foundation when building business credit is a must....

The list that I'm providing will get you started to start the process before applying for business credit..

1.Register With The Secretary Of State (Your business name) LLC, Incorp

2.Apply for EIN on irs.gov

3. Apply for your Duns number dnb.com
Duns & Brastreet is the largest business credit reporting agency

4. Join Nav.com helps businesses find the right funding and monitors both biz and personal credit on o e platform.

5. Obtain your business virtual address at opus.com (do note use your personal address as your business address)

6. Obtain your business phone number (get you an 800 no local area codes numbers

7. Get Professional business email address.... not gmail, Yahoo etc (obtain from godaddy.com)

8. Get a business bank account

9. Get you a website at godaddy.com

10. List your biz on 4ll listyourself.net and
google

11......... you're all set to start with your Tier 1 vendors.....

Drop your progress... If you need assistance send a dm..

Here are four ways to build business credit with bad personal credit:

Trade Financing – Throughout the preliminary phases of the business credit building process one type of credit a business owner can obtain with personal credit issues is business to business credit also known as trade financing. While trade credit is a form of short term financing with usually net 15 to net 30 day terms, it allows a business to establish a positive payment record with suppliers while conserving cash flow.
Secured Business Credit Card -An additional form of credit is revolving credit via a business credit card. However, with bad credit you would certainly need to start with a secured business credit card which requires a security deposit of $500.
Fleet Cards – A secured fleet card is another form of credit you can acquire with bad personal credit and generally requires a very small security deposit of $300.
Revenue based financing – There are additional financing programs such as revenue based financing where credit scores in the 550 range can even enable a business to secure financing. This type of financing is based more upon business bank deposits rather than credit scores.