How Does One Build Business Credit

Business Forum

Money

Startup Funding

How Does One Build Business Credit

New Topic

Post Reply

Follow Topic

« Prev Page of 6 Next »

Author
Message

fuse

posts: 1

Aug 13, 2008 8:51 PM ET Quote Report Abuse

Points: 0 Vote

As of July 15, 2008 you can no longer get business credit without personally guaranteeing the account if your business has no credit history with the following companies; Staples, Office Depot, Office Max, Dell. Has anyone else had this problem? All the account specialist would say is as of July 15, 2008 they changed their credit criteria. I`m heart broken.

focuzmedia

posts: 1

Sep 02, 2008 10:10 PM ET Quote Report Abuse

Points: 0 Vote

Well,
After Applying with one, Some lady called me and, the funny thing about it was, she was telling me about the packages. She explained to me that there are two ways of getting one.

You apply for one and you purchase their package.
You wait till you do business with a company and they report your rating to DNB.

So basically, you will get one eventually. The only thing is you wont be able to add trade lines and stuff of that nature.
Here is something for you guys. I tried opening an account with SAM`s Club and they are one of the hardest people to get credit with. Try elsewhere. Any Suggestions?

I have T-Mobile under the Corporation`s name now..

question newbie here one question i have tax id and duns number thanks to info when i call t-mobile do i give them duns or tax id when they ask just need a little clarity on this for all the vendors that i apply for

-------------------------

Harold Bryant Jr.
Focuz Media
Consulting and Printing
714 881 2699 - So. Califonia Office
Printing All Your needs - Focuzprinting.com

When you need Consulitng and Web Development- Focuz Web Creations

Your Printing Media Consulting Source

Product Launch and Branding

add us on myspace

kevin5x5

posts: 6

Sep 19, 2008 6:07 PM ET Quote Report Abuse

Points: 0 Vote

PageJames gave a lot of very good information. He gave so much it might make your head spin! You have to take it in chunks and the first thing you have to do is build your business foundation so you can get approved for all of that credit PageJames threw at you. If you do not do it right you will get rejected over and over again even though the info he gave you was good.

There are seven steps to your business foundation:

1. Form a corporation or LLC.

2. Get a corporate tax id/EIN from IRS (an LLC is a form of corp)
Do not use a sole proprietor or partnership tax id/EIN

3. Get a business license from your city

4.Get a dedicated bus. phone and have it listed with directory assistance.

5. Open a business checking account (can do w/ $100)

6. Get a faxline (can get one online for $9.99 a month)

7. Get your Dunns # from Dunn & Bradstreet

(800) 825-3867 ext. 1851 Curtis

After you get all of that you need to start getting creditors to give you a credit line without credit checks who will report to Dunn & Bradstreet. You have to spend $60 or more minimum in one billing cycle to get reported. I will even give you the first one that will give you credit:

Nebs (office Supplies)

(800) 722-7090 (credit dept.)

Contact: Jenny

Read my blog to put it all into perspective:

http://secretsupercredit.blogspot.com/2008/08/introduction-to-secret-super-credit.html

Kevin

khemmons@rkhorizonenterprises.com

kevin5x5

posts: 6

Sep 21, 2008 8:35 AM ET Quote Report Abuse

Points: 0 Vote

Regarding the taxid or dunns #, they will tell you what they need. Keep both handy.

Kevin

jwmoore78

posts: 22

Oct 05, 2008 4:48 PM ET Quote Report Abuse

Points: -1 Vote

There are a few companies out there that will help you establish a strong business credit score. Just do a google search.

cartess3

posts: 257

Nov 07, 2008 2:32 AM ET Quote Report Abuse

Points: 0 Vote

How to Build Corporate Credit For Your Business

http://www.businesscreditlinestoday.com/

-------------------------

Website Startup Coach: Step-by-Step Coaching to Help You Build a Profitable Business Online!

bigmike36

posts: 1

Jan 03, 2009 9:09 PM ET Quote Report Abuse

Points: 0 Vote

you must call the irs and get a ein number for your business a bank account for your business.once that is gotten fax in with application,try staples,easy account office depot,easy account they normally let anyone start .

andreal67

posts: 3

Jul 11, 2009 3:26 PM ET Quote Report Abuse

Points: 0 Vote

Thank You for the information-really forreal Thank You!

hagaylevy

posts: 1

Jul 11, 2009 3:33 PM ET Quote Report Abuse

Points: 0 Vote

very interesting post...

grady_dortch

posts: 4

Aug 28, 2009 11:41 AM ET Quote Report Abuse

Points: 0 Vote

www.businessfinance.com the best site.

« Prev Page of 6 Next »

Post Reply

Keep the Community Clean!

StartupNation forums should be used as a platform to learn, educate others, share stories, tips & tricks and to provide constructive feedback.
Please do not use the Forums for advertising & blatant self-promotion.
Please be respectful to other members and refrain from personal attacks and vulgar language.
StartupNation reserves the right to delete any message, reply, and/or member who violates our terms of use.

Read full terms of use

Contact Us Privacy Terms of Use Become a Marketplace Provider Advertise Local Guides Site Map Home Business Start a Business

Business Forum

Forums: Discussions for entrepreneurs and small business.

How Does One Build Business Credit

Keep the Community Clean!