If you want to work on building business credit, start by opening a vendor account that reports to credit bureaus. One of the best starter vendors to help your small business with that is Uline, a company that sells shipping supplies.
In this article, we’ll help you understand what Uline business credit looks like, who Uline reports to, and how you can get your own business credit with the vendor.
What is Uline Business Credit?
Business credit accounts like Uline are a bit like business credit cards in that you can make purchases now and pay the vendor later. But rather than having a physical plastic card, you get store credit with one particular vendor.
In the case of Uline trade credit, you can open a net 30 account, which means you have 30 days to pay your invoice after making an office supply purchase.
Why do it? In addition to building your business credit, you’ll also keep your business cash flow more steady, giving you more cash on hand when you need it, even if you need to stock up on supplies.
How Do I Register and Open an Online Account with Uline?
The process to establish a business credit line with Uline is fairly simple.
The vendor application asks for both bank and trade references, which help the vendor understand how responsible you are in paying your debts and managing your business finances.
You’ll also be asked your DUNS number (that’s your Data Universal Numbering System), if you have one. If you don’t have one, it’s okay.
You won’t need to provide your Social Security number or business bank account information. Once approved for your account, you can select net 30 terms as your payment method at checkout when making an industrial supply order. You may also be notified of your Uline credit limit.
How Can I Get a Uline Credit Application Form?
You can download the credit account application on Uline’s website. If you have questions through the process, you can call their customer service at 800-295-5510.
What Types of Payment Does Uline Accept?
In addition to Uline business credit, the vendor also accepts a variety of debit and credit cards, including:
- Discover Card
- American Express
- GSA SmartPay
- Diner’s Club
Uline also accepts personal or corporate checks, money orders, cashiers checks, electronic funds transfers (EFT), or wire transfers.
What Credit Bureaus Does Uline Business Account Report to?
The purpose of opening trade accounts for your business is to have your on-time payments be reported to business credit bureaus. The same works for your consumer credit: pay your mortgage, car loans, and credit cards on time, and your personal credit score will rise.
But not every vendor reports to all the business credit reporting agencies. In Uline’s case, your business credit activity is reported to business credit bureaus like Experian. Your activity will be included in your business credit report for each business credit bureau, and will contributor to your business credit score. Over time, you will build your credit history and score, which will open you up to more credit opportunities at better rates.
Nav’s Verdict: Uline Business Credit
As a business owner, you have to think about the future of your company. Part of that for your small business is learning how to establish business credit so that you open doors to future business loans for small businesses if you need them.
Start by establishing vendor credit with companies you need supplies from, like Uline, then be responsible in paying your balances in full and on time.
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7 responses to “Uline Business Credit: Everything You Need to Know About a Uline Business Account”
This is actually a question, as opposed to a comment. Can I pay my Uline bill with my personal credit card, and will it affect my corporate vail if i do?
It’s generally a good idea to pay business expenses with a business credit card and personal expenses with a personal credit card. Co-mingling business and personal accounts can put the business entity at risk in the event of a lawsuit. We recommend you consult a business attorney for more information.
I have a small business that’s growing
I have a Uline and a Grainger account but they are not reporting on my business credit report. When I look at my Nav account it only shows my Nav as being reported. How do I update this?
I’m not sure which business credit bureau report you are reviewing since Nav has relationships with more than one bureau. My first suggestion is to confirm that the report you’re looking at is one that Grainger and Uline report to. (They don’t report to all three.) If you’ve had the account active for at least three months I would recommend you first contact those companies to see if they can help you troubleshoot why they aren’t reporting.
I want a credit card with a limit of $150,000 to use in the Business
Have you tried using Nav’s Credit Card Marketplace? It’s available in your Nav account (including a free account).