Resource Category: Credit

How to Establish and Build Your Business Credit

Building business credit can benefit your small business in myriad ways. It can make it easier (or less expensive) to get certain types of financing, business insurance or payment terms with suppliers. It can even help your business land lucrative business contracts.  Here we’ll share simple steps to establish and build business credit to help your small business grow.  Advertiser & Editorial Disclosure Why is it Important to establish business credit? Your business can have its own credit reports and… Read More

What Is a Confession of Judgment?

As a business owner, you’re probably used to putting your signature on a lot of documents. This is especially true if you’ve ever signed a commercial lease or taken out a business loan, line of credit, or merchant cash advance for your company. There’s just one problem. Most financial agreements are filled with legal jargon that you probably won’t fully understand unless you commit a few years of your life (and perhaps around $30,000–$50,000) to attend law school. Of course,… Read More

Are Shelf Corporations Legitimate?

As a small business owner, it’s smart to look for ways to help your company get ahead. However, there’s a difference between trying to get ahead and looking for shortcuts. Shelf corporations often, though not always, fall into the latter category. Shelf companies are formed for the purpose of being sold off, after an excellent business credit rating has been established. There’s just one problem. If you purchase a shelf corporation and use it to access business financing, like credit… Read More

Net 90 Vendors

Many small business owners are intimidated at the prospect of trying to build business credit. Some realize it’s important to earn strong business credit scores and reports, but don’t know how to start the process. Thankfully, building good business credit doesn’t have to be difficult. In fact, if you start by opening a few strategic vendor accounts, you might be surprised just how easy it is to send your business credit scores moving in the right direction. How Do Small… Read More

Net 60 Vendors

If your business struggles from cash flow challenges, you’re not alone. Fortunately, there’s a tool that can help improve cash flow and perhaps even build business credit.  That tool is net 30 and net 60 vendor accounts. What Are Business Vendors? A business vendor (or supplier) sells goods or services to another business. If you run a clothing manufacturing company, for example, a vendor might supply you with cloth, labels, equipment, and other supplies you need to make your final… Read More

Easy Approval Net-30 Accounts: How They Work and How to Get Them

Advertiser & Editorial Disclosure If you’re looking to improve cash flow and establish business credit with easy net-30 accounts, this comprehensive guide will help you understand how to get started. We recommend you review the entire guide to get the full picture of how to build and maintain strong business credit using trade credit. 10+ Easy Approval Net-30 Accounts Creative AnalyticsBusiness Tshirt ClubSumma Office SuppliesQuillGraingerUlineWise Business PlanOhana Office ProductsNAMYNOTOffice Garner Bonus: Nav What are Net 30 accounts? Net-30 accounts are… Read More