Step 3: Get Approved for Vendor Credit
2 Ways to Start Business Credit
D&B Credibility offers one way to start a business credit profile and they will try to convince you that it is the only way, even though it’s not.
They will charge upwards of $2,000 to put trade lines on your report using your current creditors.
These only report to D&B and take time.
They choose what can and can’t get added, and most cannot get added.
You don’t get any new credit; only the same creditors are added.
The other method of establishing company credit is close to that of establishing consumer credit.
Obtain approval for new borrowers who can file reports with the credit rating agencies.
You get actual credit that you will use to grow your company, and your business credit profile and score are established from that business credit report.