Page 157 - Winning The Credit Game Bundle (CK Patrick)
P. 157

Office Depot offers a number of credit options for businesses,
                including a variety of rewards and payment terms which readers
                can view by following the link in this footnote. 4
                   Uline offers tradelines that can be used to purchase supplies,
                including shipping supplies, packaging materials for retail prod-
                ucts, and safety and janitorial supplies. 5
                   Grainger is another favored tradeline partner for small busi-
                ness  owners,  offering  tradelines  that  can  be  used  to  purchase
                tools  and  supplies  for  a  variety  of  hardware-intensive  indus-
                tries,  including  HVAC,  plumbing,  lawn  care  and  landscaping,
                laboratory    equipment,    metalworking,     and     vehicle
                maintenance. 6
                   You  can  find  many  more  vendors  offering  net  30  business
                credit lines for businesses with little credit history, but these are a
                few of my favorites.
                   There are also other resources to help you rapidly build busi-
                ness credit. Here are some other potential good additions to your
                early business credit portfolio.


                ECREDABLE

                eCredable is a company that will allow you to report almost any
                business  account  to  Dun  &  Bradstreet,  Equifax,  CreditSafe,
                Ansonia,  and  Experian  business  reports  as  positive  payment
                history.  This  can  help  you  rapidly  grow  your  business  credit
                history without requiring you to make new purchases or spend
                more money.
                   With  a  $50  initial  setup  fee  and  about  $10  per  month  fee
                thereafter,  eCredable  does  cost  some  money  but  is  arguably  a
                good value for the ability to report thousands of dollars in pre-
                existing bills to these major credit bureaus as credit history each
                month. You can explore eCredable’s options and sign up if you
                wish using the link in this footnote. 7
                   To me, eCredable is an obvious choice for businesses since it
                allows you to get business credit payment history for potentially
                thousands of dollars per month in bills you are already paying to

                                            145
   152   153   154   155   156   157   158   159   160   161   162