Before you begin to establish business credit, you must have an established active entity.
In order to establish credit, you must have a solid foundation for your company.
*A solid foundation includes:
*A legally registered an active community.
*A Dunns Number
*SAM’s and other government agency registrations.
*Business Account with Statements.
* Office Address
After all of these things are established then we can begin to establish Tier I credit. It takes 45 for these trades to post to your business credit report. Once these trades have been posted, we then go towards seeking Tier II trades.
Tier I trades are mostly net 30 day accounts. It is important that these are paid before the due date to establish a strong payment history, for creditors to view when they are looking to extend credit to you.