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10 Steps To Build Your Business Credit

Posted on: Nov 16, 2008

Posted by: TheDreamMaker
Member since: Nov 16, 2008

Entrepreneurs Jumpstart 2 Success, Inc Atlanta, GA
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The Story

10 keys to jumpstart your business credit Now!

1. Set up the proper business structure and take basic steps to ensure your business appears real and stable.

2. Get Your Ein Number from the Irs. ( Federal Tax ID) you can obtain this online.

3. Obtain proper occupational licenses to run your business legally.

4. Set up your business phone service and get listed with directory assistance in the businesses' name.

5. Set up your business checking accounts when applying for business lines of credit. It is important to show you are a real entity.

6. Make sure you have a mailing address that can be verified by the lender or companies in which you are asking for credit. For example your home address can be used to apply for credit or virtual office. Make sure all your information is the same when you are setting up your company credit accounts.

7. Get set up with the business credit agencies when you are applying for credit. Merchants and banks like to know you have the ability to pay them back. By having your company set up with the major business credit agencies they have the ability to check you out before the lend to you.

8. Once you have your structure in place identify companies you would like to do business with. Write down 10 companies to go and apply for credit from.

9. Start the application process

10. Borrow or buy products and services from companies that will report your credit history to the major business credit reporting agencies such as Dunn & Bradstreet and Experian.

Entrepreneurs are usually hard - working, creative and willing to get the job done. Fortunately, those are the same qualities that will help you through the process of establishing business credit. Get started now!

By: La Shannon Martin

Entrepreneur's Jumpstart2 Success, Inc

www.jumpstart2wealth.com

www.businesscrditlinestoday.com

email: info@jumpstart2wealth.com/

Office: 1877.386 3828

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