How to Establish Business Credit, Get Business Credit & Build Business Credit

How to Establish Business Credit, Get Business Credit & Build Business Credit

How to Establish Business Credit, Get Business Credit & Build Business Credit

Figuring out how to access business financing and credit is a common quest for both new and existing small business owners. From startup costs to new expansion strategies, establishing a strong business credit profile with diverse accounts early on can help make your immediate and future business plans a success. If your business is new, you may not be thinking about getting small business financing just yet, but the day may come when you do.

Eight Steps: How to Establish Business Credit

  1. Put your business on the map
  2. Maintain good credit with suppliers and vendors
  3. Obtain an employer identification number (EIN)
  4. Pay on time all the time
  5. Open a business credit card
  6. Get incorporated
  7. Separate business and personal expenses
  8. Monitor your credit

Establishing business credit isn’t complicated, but it does take some planning and forethought. The sooner you start, the more time you’ll have to establish credit.

This article will walk you through steps you can take to establish your business credit so that if and when you’re ready for financing, your business is well-positioned to not only get approved for a business loan, but also get better terms.

What is Business Credit?

Businesses can have business credit reports and scores just like people do. Business credit bureaus such as Experian, Equifax and Dun & Bradstreet all keep records of debt payments and other credit information on businesses.

Your business credit report may be used by lenders, creditors, suppliers, insurance companies and other organizations evaluating a credit or insurance application or business deal. 

These tips on how to establish business credit and then build a business credit profile can help you bring your plans and aspirations to fruition.

Let’s look at each of these steps in depth.

How do I build business credit?

1. Put your business on the map

Just because you’re open (or about to open) for business, doesn’t necessarily mean you’ve put yourself on the map. You can’t effectively establish credit until you’ve established your business! Get a business phone number and have it listed in directory directory assistance. Open a business bank account in your official (legal) business name, and regularly use it to pay your bills. Here are 15 steps to make your business legit

2. Establish and maintain vendor credit

In the world of business, a relationship with industry-relevant vendors or suppliers is like gold. The better your relationship, the more likely you are to avoid paying up front for items or services. If you can secure payment terms such as net-60 or net-90 with just a few (3-5) vendors or suppliers that report those payments to business credit reporting agencies, you can begin to establish a positive business credit history.

Vendors aren’t required to report to credit bureaus, though, so you may need to be proactive and open accounts with those that do. Here are several vendors that report payments to business credit bureaus and reporting agencies, and that are flexible when extending credit.

3. Obtain an Employer Identification Number

A federal Employer Identification Number, or EIN, is an identifier for your business for tax reporting purposes. You’ll need one to change your business entity to a corporation, and you may need one to open a bank account under your business’s name or secure business contracts. Note, however, that an EIN is not used in business credit the same way a Social Security Number is used with personal credit.

4. Pay on time all the time

This is probably the number one rule in any credit situation. Paying your bills on time shows that you are reliable and can effectively manage (and pay off) your debt. A late payment history, especially severely delinquent payments, will bring down your business credit rating and negatively impact your business credit profile.

5. Open a business credit card

Opening a business credit card that reports to the major commercial credit reporting agencies is a great way to establish business credit. You definitely should have at least one open business card, but more than one can also help. However, be sure to use caution and avoid overextending your business finances. Just because the credit is available through your business credit card doesn’t mean you need to (or should) utilize all of it. (Find business credit cards that match your credit file using a free Nav account.)

6. Get incorporated

If you haven’t already, seriously consider incorporating (forming a corporation or LLC). This can help you effectively separate your business and personal credit profile and financials. If you choose not to do this and continue to operate as a sole proprietor, your business and personal credit history (among other things) will be legally attached, and your personal assets might be at risk should you ever be sued.

7. Separate business and personal expenses

Given the steps above, this is fairly redundant, but nonetheless important. By opening credit cards, lines of credits, and bank accounts in your business’s legal name, you’ll be separating your business and personal expenses. Make sure to only spend money from your business checking account rather than your personal when it comes to business expenses. Clearly separating your personal from business expenses also makes it a lot easier to manage taxes!

8. Monitor your credit

A significant number of small business owners have found errors on their credit reports. Diligently monitoring your business credit history can help you spot any items that aren’t accurate. If you do find an error, be sure to file a dispute with the reporting agency. (Sign up for Nav to check and monitor your business credit profile with major business credit agencies.)

How to Build Business Credit

Once you have established business credit, your next step is to build strong business credit. Many of the steps above will help you do just that, but it’s important to focus on two specific steps to help you boost your commercial credit history.

Payment information on your business credit report is often more detailed than on your personal credit report. Pay on time or early if you can, and you may build your business credit score more quickly.

The second piece of advice for building good business credit is to make sure you have accounts reporting to the various business credit agencies. Again, not all vendors and creditors report to all commercial credit agencies. For example, your business credit card issuer may report to SBFE but not to Experian; you won’t know until you check your reports.

Be sure to check your credit reports and scores with more than one major credit reporting agency to find out whether your accounts are helping your scores, and if not, consider adding additional credit references.

Why Should I Learn How to Establish Business Credit?

If you’re reading this, you already know that good credit (both consumer and business) is important for the future of your venture, but let’s explore the benefits a bit more.

A strong business credit score can help you secure better interest rates on loans, decrease instances where you need to prepay for a specific product or service, and secure better trade terms with important suppliers in your industry. In the long run, this will help you save money, keep cash flow liquid, and access the funds or assets you need to help your business grow. Adversely, having bad business credit can limit your ability to secure financing.

Nav’s Small Business American Dream Gap Report found that nearly one in four businesses don’t know why their loan applications are denied, yet businesses that understand their business credit scores are 41% more likely to get approved for a small business loan.

Additionally, a big issue with financing a business is dealing with personal guarantees. A personal guarantee is a promise from a business owner that they are responsible for their business’s debt should the business be unable to pay the debt. 86% of businesses use their owners’ personal credit to fund their entrepreneurial dreams, and establishing business credit can help you draw a clear and important line between your personal and business finances and mitigate the need to sign a personal guarantee for business funds. (Note, however, that some small business lenders require personal guarantees.)

Now that you understand the importance of having good business credit, make establishing it and building your business credit a priority. Bake your credit-building strategies into your business plan and keep tabs on your credit report to ensure that your credit scores are soaring. 

Whether you need a loan right now or not, good credit practices are a great foundation for a successful small business.

This article was originally written on December 6, 2019 and updated on July 21, 2021.

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211 responses to “How to Establish Business Credit, Get Business Credit & Build Business Credit

  1. Why I don’t see my dun and Bradstreet paydex score. I just called them in they say my business paydex score is 80

  2. I keep getting the error message each time that my business cannot be found on Equifax on NAV, I do not know what the problem is, please can someone help me, I need help

      1. Hi how are you I can’t find my business on Experian can you call and help when you guys open thanks

      2. Hi, I just enrolled in the credit boost program but it’s saying it can’t find my business. can you help me on how we can get it fix that way It can start building my business credit? I just started my LLC last month so I have no business credit as of right now. Thank You and have a good day!

      1. Hello I’m hoping to establish my hobby into an established community business. For years now I have voluntarily cleaned up the streets, sidewalks,empty lots and “common areas” throughout my neighborhood, and many private residences of people that appreciate my efforts and considered it a necessity. I’ve always considered it a duty to positively impact people by providing a clean environmentally sustainable, and pleasant atmosphere to those that choose to walk pets,exercise, bike, or enjoy a cup of tea outside to confines of home. This has lead to many request for private services.
        I have discovered that many disabled homeowners,senior citizens, veterans, single parents, even struggling employed adults become overwhelmed in the upkeep and maintenance of their landscapes. To this conclusion I have and continue too provide my expertise in a effort to allow my community to share some free time to enjoy their lives. I wish to establish a service in (non-profit) sector of the small business administrations grants and support division. I need to learn more and seek all available advise and logistics required to become established and have the ability to expand these so desperately needed services. Please assist in my efforts at the earliest possible juncture in ,”I’m sure” your also busy life and professional responsibilities. Thank you soon much.

      1. Hello I am trying to purchase the Business Loan Builder and I am not seeing the option. I really need this in order to grow my business credit.

    1. Hi Sheldon,

      We show the information provided by the major credit reporting agencies. Business credit is not as standardized as consumer credit in general. Not all accounts show up on those reports so that may be the reason you’re not seeing them. However, you can always reach out to our customer support team with questions and they will be happy to help if they can.

  3. How can I get my business credit to start to repot to Equifax. My sins and other show up as A, it’s not reporting to Equifax. Please inform me how to do this.

    1. It’s really up to your lenders and vendors whether they report to Equifax or not. There’s no way to require they do so. Business credit reporting is not as uniform as consumer credit unfortunately.

  4. Hello I am wondering how to get my paydex score to show up I got a paid subscription for Nav so I am not understand why some are saying they can find my business like Equifax and I have a DUNS number and its not connecting

    1. Stacy – Please feel free to reach out to Nav’s customer support team to see if they can help you troubleshoot. Also keep in mind that for Paydex you should have at least two (and better three) accounts reporting.

  5. We moved our business from one location to another and ALL of our business credit info went POOF into thin air as though we never even existed. We didn’t change our LLC, we didn’t change our EIN, we didn’t change our sales tax license or anything but our physical address. Hell we didn’t even change zip codes, we moved 2.5 miles down the street.

  6. Hello I am Brian V.,The Owner of B NICE CUTZ LLC, I was just checking to see if my business is registered with The Credit Bureau’s ,thanks

  7. Hello thank you guys for the help .I’m pretty much new to this but I’m ready to learn . So thanks in advance

  8. Please update my personal credit score….this score has not been updated since August. My current Experian is 776 and my Transunion is 735

  9. So I have Nav’s top plan. How come it keeps asking me to upgrade my plan to Boost. I was under the impression that both plans report to Duns and the others that Nav is one of our Tradelines…. Which I do have 2 tradelines now. Shirtsy and Uline. Hopefully they will report within 30 days. Not really sure how that works.

  10. This doesn’t explain how to get a particular credit monitor company (Equifax business) to report on your credit history

  11. Is this a scam? It’s been more than four months but nothing changed. It still asking me to upgrade , it’s not honest and fair at all

  12. Very informative. I was given names and info on vendors that i can open accounts with. These vendors ,or any other for that matter, cant be found on the other sites ive tried. Also, the other sites i used were paid

  13. So I have bank account several credit cards accounts and trade lines, I have a tax id# web site but you don’t see them so I don’t see the helpfulness of this

  14. I have all things completed on my dashboard, business credit is already established, however, it is not showing up connecting with Equifax. Please show me what to do to fix this problem.

  15. I’m just starting my business this year on 4-30-2021 and I’m trying to establish business credit, what is it that I need to do.

  16. is it something else I need to do to establish buisness credit I purchased the business boost and I still dont have a score

  17. I don’t know how my business credit is low I never use it plus I been in business 16 years no credit cards or loans on for my business so how is my score so low please help me understand??????

    1. The most common reason we see for a low business credit score is there are few accounts reporting. That means there is just not enough information to predict how bills will be paid in the future. Good thing is by adding some references that report you may be able to change that pretty quickly! Our Build Business Credit Checklist may help. You can download it free on this page.

  18. Please help my business has fallen almost to the ground. I caught the virus but beat it so I thought!
    Until one morning I woke up blind and couldn’t see for four days due to my diabetes turn for the worst. My doctor let me know that the virus left me with the side effects. I’m a clothing designer and due to my vision been off and on. I can’t sew, draw, digitize my clothes anymore

  19. Hi,

    I noticed something on my report that doesn’t look familiar. I tried to email and get assistance since I did see a phone number. The person reached out and asked what I needed…I replied and they never responded. HELP!!

  20. I’m trying to apply for business credit. But I don’t know the proper way. Can anyone help?

    1. Are you talking about your business credit reports? You’ll need to correct that with the business credit reporting agencies directly. If you are a Nav customer you can reach out to customer support for instructions.

  21. They have the wrong company I have 2 of them. How would I be able to change that. I paid for the premium membership.

  22. My credit builder credit is not showing me my anything what am I paying for it keep say up graded I did already

  23. I am trying to change my banking information on the NAV site and I do not know where to go? CAn you help me? Nav hasnt reached out to me
    Thank you.
    The article was most helpful. Are these steps of “to-do” in order?

    1. Adriene, Feel free to reach out to Nav’s customer support team at (855) 226-8388. And generally they are in step-by-step order, yes, though there is some flexibility based on your individual circumstances.

  24. Hello. I see that my business have two different addresses showing for Nav and Duns. Will this affect my credit reporting and building credit? Should I get one of them corrected? One is a business address and the other is a virtual address.

    1. Givanni – I’m not sure what information you are looking for but feel free to reach out to Nav’s customer support team for more help. You can reach them at (855) 226-8388.

  25. Ten presente que tu firma puede ser falsificada es decir que esta no es un elemento de seguridad suficiente por ello guarda tu chequera en un lugar seguro y en caso de robo o extravío reporta a tu banco de inmediato.

  26. Great day. I would like to get a dun and Bradstreet profile setup for my non profit and get the credit lines established. Is this something that you do?

    1. Hi David – We give you resources like this one so you can do it yourself but we don’t do it for you. If you want to do it yourself, sign up for a free Nav account then use our Build Business Credit Checklist (you can download it here) to walk you through the steps.

  27. Hello, I’ve upgraded my account to NAV boost and now I don’t see any info for my Equifax score or any added tradelines.

  28. I order a package on April 30, 2021 for NAV Boost & It’s not reporting. I purchased my business booster on a 3 months plan, but I haven’t gotten an update. I no longer see my Equifax score on NAV, please let me know what happened. Thank you,

  29. I order a package for NAV Boost & It’s not reporting. I tried to contact you all, but I haven’t gotten an update. I purchased my business booster on a 3 month plan can you or anyone help help me?

  30. I signed up for the Boost and it still isn’t showing up on my account.. What can I do?

  31. Thanks for sharing the feedback in this article. I found the information very helpful for 1st time start ups.

  32. No one is competent @ NAV i talked to knows about credit and how it works , And they are so busy that they don’t even bother to call back or take calls ,

    Seems like Your owner is struggling to find right people on board .

    Yes true i am your customer same way i am giving business to you as well , Very dissatisfied performance by your TEAM .

  33. I’ve already paid for the business credit builder subscription on Nav and not only haven’t seen any type of support from the site but no changes have been made to my app indicating that I’ve paid for an upgrade because it keeps asking for me to make an upgrade to the plan I have AND it wants me to sign up for a new account when I try to claim my business on Dun and Bradstreet. Am I doing something wrong or something?

    1. I am going through the exact same thing. I see all the credit scores but it still is asking me to upgrade which makes absolutely no sense.

    2. I had to reach out to DINS PERSONALLY. They have my business listed wrong also in there directory it has me as a dry cleaning business when I’m a trucking company. Lol. Have to contact them directly and dispute the inaccuracies with them away from this site. I have done this Monday Dec 20, 2021.

  34. How do I change the address on my dun & brad profile? My address has a error in it, and I believe this is the reason I have not grown a paydex score

      1. What is the coupon code. I wanted to purchase your boost and it asked for a coupon code

  35. Hello,

    My duns and bradstreet score has not been updated and I have brought from Uline, Quill, Summa and so forth, please assist.

    1. April – it often takes a couple of billing cycles for the credit report to reflect new accounts. If they are not reporting after two months, the first step is to reach out to the company to ask the status of reporting.

  36. All of the major small business credit cards check the owner’s personal credit. That doesn’t mean that it’s not helpful in terms of building business credit. Keep in mind that D&B Paydex is going to be based on trade references (vendors and suppliers) not bankcards.

  37. Hi Gerri, here is a very good chart: Business credit card information reported on owner/cardholder’s personal credit reports.
    Do you have a chart that is about store tradelines, and Gas cards?

    Thank you

  38. I have dun and bradstreet and equifax business credit report ; but not experian business credit report.

    1. You can sign up here or upgrade your free account. If you have any problems contact our customer support team from your Nav account. Thanks for your interest Monique!

  39. I am just starting to understand business credit although I have called myself being in business for years. i will not beat myself up, but dive into all that this sight has to offer and learn , grow and share1 thank you

  40. Does the address of my business have to match the address on the business bank account in order to obtain business credit or vendor accounts? I’m using a virtual address for my business but banks need a verifiable physical address to open an account. I know it cant be a P.O. Box but the address does have a suit number for professional appearance. My virtual address is registered with the state for my business as well as on Dun and Bradstreet, my phone service etc… but the bank account would have to have my home address in order to open it. Just curious if that will be a problem……?

    1. If you have the option of providing a mailing and physical address when applying for accounts (and in most cases you will) fill out the application the way you did with the bank.

    1. I signed up for the 39.99 Business Boost and everytime I look on the main page of my account it is saying I have no reporting trade lines. But I purchased one? I’m not sure exactly what’s going on

  41. I am looking to grow a credible business line of credit. What is your advice and where do I start too building positive line of credit.

  42. Is the company Nav similar to the company Credit Suites? I’m looking for a company that can help me with step by step direction on how to build my startup business credit and help with getting startup loans and grants. I don’t have my business register yet because I don’t really know what business title would be good for my startup company. I need guidance from start to finish. Do Nav help with that.

    1. Nav offers a free account option that can help you build business credit. Feel free to sign up for a free Nav account and if you have questions reach out to our customer support team. If you need more one-on-one assistance a service like Credit Suite may be a good fit for you.

  43. If your product works well Nav, perhaps try using A different approach. For example provide all new members a few months of your service so that their business credit score can go up. And then it’s a done deal because why would they not continue to go with your services after you’ve helped out?!?!
    Give a little….. and receive your return later.

    1. Many of our customers use a free Nav account, which is free forever. Maybe you are talking about a paid Nav account? In that case we can’t report a payment if there hasn’t been one. (The credit bureaus wouldn’t permit that.)

  44. Very good article for entry level business credit info. I found it to be very informative and have me the key points to follow up on in my future research. Also it wasn’t weighed down with terminology or concepts alien to me.

  45. Hello, I have an LLC with a Duns score of 80 and an Experian score of 91. My personal credit scores are in the mid to high 730’s. I’d like to obtain A business credit card, but all of the credit card companies ask for my SSN. How do I keep my business and personal credit cards separate?

  46. Hello I have to 2 buisiness Ed that is like to learn to set up buisiness credit one is a non profit and the other is a startup

  47. Hi Gerri, I was denied the SBA Covid Relief Loan because they’re running my personal credit which is now 620. Turns out I don’t have enough business credit as per Experian. I lost my job in March due to Covid and been getting the runaround from unemployment to file a claim. I’ve run out of money, I can no longer support my business or myself, I’m now 7 months behind in rent. Any financial advice for me? Any way to turn things around quickly or should I close up shop?

    1. Kia – I am so sorry to hear this. I’d recommend that before you give up you reach out to your local Small Business Development Center (SBDC) or SCORE mentor. They offer free business assistance. Find yours at

  48. Hello when you have vendors that report to the business bureau and you have establish a score of 80% or more .. do you still have to order every month from them or can you just order every two or three months

  49. What is the quickest way to build up business credit? What are some different vendors do you recommend for a travel business owner like myself that’s has a Duns Number?

  50. How about establishing credit for an online clothing business that hasn’t launched yet? How can I establish business credit if I haven’t begun manufacturing yet? (This is what I need the funding for, to pay the manufacturer)

    Should I start out using it to pay things like my website fees, marketing costs or materials? (Pre-launch)
    THEN launch it after I’ve established good (but very new and small) business credit?

    Thank you!

    1. You can start building business credit with vendor accounts. You can purchase things you need now for your business from vendors who report to business credit bureaus. (You don’t have to make major purchases: you can purchase things like copy paper or office snacks.)This article will help: Easy net-30 Vendors. You can also get a small business credit card in the name of your business. This article will help there: Which small Business Credit Cards Report to Personal Credit?

  51. During high risks of identity theft, it’s unecessary to ask for a full SSN to access credit profiles, the last four digits only will provide better protection.

  52. hello, I am starting an e-commerce Business. and I’ve done all the start-up requirements. i was told by a bank loan officer to establish good credit. yes do all the above but also business must report their losses and also along with the listed above things they need to establish paper trails with checks through a banking institution. credit cards and checks as well as reporting profit and losses and doing yearly taxes on time. paying early. was I told correctly?
    thank you

    1. Banks often have stricter requirements than other small business lenders. Not all lenders are going to require that level of financial detail. However, many lenders will want to see proof of revenues, so having a business bank account is helpful in case you need to provide bank statements.

  53. I have been following your advice on building business credit this far. Great information actually I have been using my funds to open a retail store as time has come to seek a business loan , I am quickly approaching a one (1) year Anniversary in March. I have above average credit score (upper 700’s) . For loan for inventory would I need a business plan?

  54. Hi, I have a Corp that has been dissolved however I can get it reinstated it has no credit file but it is a 16 year old Corp. Would I be better off reinstating this Corp. Or start a new one to build biz credit faster and easier for time in business for loan applications ?

    1. My guess is that the old Corp isn’t on the credit bureaus’ radar anymore. Have you tried to look up business credit on it? You can certainly reinstate it but the benefit– other than maybe time in business– might be minor. But it also wouldn’t hurt as long as there is nothing negative.

  55. I am a commercial lender (for real). Here is what my 15 years of experience has taught me when it comes to business credit and lending.

    Business credit does not exist. People have a score over their heads from the big three. Business do not and are not tracked by the big three. There is only a couple companies that track business credit and they do not do a very good job at it. Therefore, they hold no weight what-so-ever in when it comes to lending with financial institutions. If you have an amazing score from one or all of these companies you will get a firm pat on the back, an “atta-boy” or maybe even a gold star on your forehead. All finical institutions do what is called a risk rating. and the idea is you want to score low. Here are some of the categories that most financial institutions look at for establishing credit with them:

    1. Cash on hand, lenders love to see the money the accounts collecting dust, and Love to lend to companies that don’t need it.
    2. Type of industry (some industries are riskier than others.)
    3. Vendors or how they make money.
    4. Length of time in business.
    5. Collateral
    6. Debt coverage service ratio
    7. Signers and what there personal credit looks like.

  56. Our HOA has a management company that insists on paying our bills with our checking acct. instead of a cc. We don’t have a cc yet, but now it looks like we would never use one. Should we look for another management company or are there other ways to build our credit other than utilizing vendors who report to the business credit reporting companies?

  57. Mine jumped overnight. Consistently 810-840 then i used 100% of my home equity loan to buy land next door. Went to 678. I called my cc companies and asked them to raise my limits so I ended up with more open credit than what I owed. Now 5 months later I am high 700’s but psychologically need to get over 800 again

    1. I’v been building business credit for about a month now, I just paid my 2 invoices on time a week in advance. But my personal credit is shot always has been (I’m working on it now, paying down cards and on time payments). How will I ever get a business credit card or loan? I have an LLC that I might transfer to a C-Corp. I only want to use my business credit not personal is that even possible.

  58. And no mention of the importance of a paydex score. This is crucial in the world of business credit. It seems no financial institution mentions this

  59. So I have a cleaning service And am sole proprietor am thinking of making it a LLC so what would I have to do for it to become LLC would I have to start all over again with my tax id or a short cut to just go from sole proprietorship to LLc ?

    1. Hi Tony, according to the IRS, sole proprietors looking to incorporate will need to obtain a new EIN. There may be exceptions, for example you may not have to obtain a new EIN if you are the sole owner, choose not to be taxed as a corporation, and you have no employees or excise tax liability. I would suggest, however, consulting a lawyer or incorporation expert for help with your specific business situation.

    2. Go to MD taxes assessment and go to legal form LLC. Printed and take it to Baltimore
      And 150$ cash
      And you will change it to LLC in the same day

  60. finally my d&b score is posting I have 5 trade lines in tier 1 I want to move on to next tier I don’t want to jump the gun so I ask what should be my next steps to apply for ? I have no business credit card just a business debit card

    1. Do you know what your D&B Paydex score is? How old are those tradelines? And how is your personal credit?

      1. Paydex score is 80 personal credit is in low 600’s I recently got approved for a capital one spark business card only a 500$ limit I received another offer from capital one for another business card. But I rather try someone else if I would have a better chance to get a higher cl ?

  61. I have a Dunns profile, a business address, business phone line, and my personal credit score is just under 680. I haven’t been able to get any lines of credit for my business where can I find venders to help build tradelines to my business credit.

    1. There are a number of large vendors that offer business tradelines and report to business credit reporting agencies, such as Office Max, Staples Business, Best Buy and Kinko’s Commercial. You might also want to ask any of your existing vendors or suppliers if they offer terms or can report your payment info to business credit agencies.

      1. Try Amsterdam Printing, Global Industrial, Grainger, Laughlin and Associates, Monopolize Your Marketplace, Quill Office Supplies, Strategic Network Supplies, Uline. Also lookup Credit Suite on youtube, and watch their videos. It explains a lot of this.

        1. Quill, Global Industrial, Grainger, offer more than just office supplies, I am in the mobile food business and these companies offer products that I use for mobile vending.

  62. I own an LLC that in turn owns majority share in two other LLC partnerships. I have EIN, bank accounts, and credit cards for all 3 entities. Is there a way to use the combination of the 3 entities financial activity to establish business credit?

  63. I have an entity established and have for more then 3 years but have never been able to obtain financing. I just filed bankruptcy due to bad personal credit which in turn have provided me a better credit score now then I had before I filed. It is now discharged but I don’t even know where to begin with establishing business credit any help would be appreciated. Thank you.

    1. Nadeen, you’re in the same boat as a lot of our small business customers. I suggest you start by getting a business credit card(s) and paying them off each month. Places like Home Depot or Staples will extend a small amount of credit to most businesses. Nav also offers a free business credit builder tool (BusinessLauncher) that can walk you through the steps. It’s completely free (no cc required ever) to sign up with Nav.

      1. I purchased the NAV Credit Booster & do NOT show a score and CANNOT get a representative from NAV to help with my business reports, I understand NAV is in business to make money but, I paid for the service and feel NAV should help explain what or if I’m doing something wrong,

    1. If you have a business and a personal credit score you’ll probably be able to establish credit with some vendor accounts that will be more interested in the age of your business than your (personal) age. But take a look at the application. If they ask for your age, you may want to ask them directly whether that’s an issue before you apply.