PRIMO, INC.

Build Business Credit Basics

ASK FOR AVAILABLE LIST
13 year old shelf corporation for $2695. Request a list of shelf corporations here. Request a list of shelf corporations here.
BUILD BUSINESS CREDIT WITH A DELAWARE CORPORATION OR DELAWARE LLC DELAWARE CORPORATION OR DELAWARE LLC

Business Credit

Business credit is always linked to your EIN (Employment Identification Number) and not to your SSN (Social Security Number). There are many benefits.

Business Credit

Business credit is always linked to your EIN (Employment Identification Number) and not to your SSN (Social Security Number). There are many benefits.

Credit Profile

The credit profile is always separate from the owner’s personal credit profile, and the loan limit is much higher than that of consumer loan limit.

Credit Profile

The credit profile is always separate from the owner’s personal credit profile, and the loan limit is much higher than that of consumer loan limit.

initial business credit

An initial business credit profile takes only 30-90 days to set up and build.

personal credit reporting

There is no personal credit reporting against business accounts unless you’re the guarantor for the account. If you fail to pay, your personal credit takes a hit. This is why building a business credit profile, separate from your personal credit, is best.

personal guarantor

If you’re not a personal guarantor for the business loan, a delay or fault in payment doesn’t impact your personal credit.

personal liability

Most business loan can be obtained without personal liability or guarantee which means, in case of default no one can pursue the business owner’s personal assets.

business credit profile

Anybody can view business credit profile of the business which makes the business more credible for clients, competitors, loan lenders and loan issuers. This also makes the business susceptible to identity theft. Since anyone may obtain a business credit report without the permission of the business owner, then this leaves the business wide open for identity theft claims.

There are 3 types of business vendor credit:

Initial Credit

An initial credit for business which helps to build up the business credit profile having net 30 terms

Initial Credit

An initial credit for business which helps to build up the business credit profile having net 30 terms

Store Credit

Store Credit - which is available at almost all retail stores like Apple, Walmart, Amazon, etc

Store Credit

Store Credit - which is available at almost all retail stores like Apple, Walmart, Amazon, etc

Cash Credit

Cash Credit - such as Visa, MasterCard, Amex which can be used anywhere.

Cash Credit

Cash Credit - such as Visa, MasterCard, Amex which can be used anywhere.

Business Setup

A new business setup starts with no credit profile, and when credit is approved, a report is sent to the business credit reporting agencies. When a business starts using the credit and pay bills in a timely manner, the business gets approved for more credit.

Business Setup

A new business setup starts with no credit profile, and when credit is approved, a report is sent to the business credit reporting agencies. When a business starts using the credit and pay bills in a timely manner, the business gets approved for more credit.

Business Credit

While applying for first business credit one must meet every criteria of the credit issuer, and the application form is the only source for getting the credit approval. Thus, one’s application must be strong enough to convince the credit issuer for business credit for the first time.

Business Credit

While applying for first business credit one must meet every criteria of the credit issuer, and the application form is the only source for getting the credit approval. Thus, one’s application must be strong enough to convince the credit issuer for business credit for the first time.

The quickest way to fail a business credit approval is a lack of compliance.

  • EIN?
  • Business filed in your state as a foreign corporation or foreign LLC?
  • Business licenses filed?
  • Business name on application matches state filings and business licensing?
  • Website?
  • Phone number?

business loan

To separate business loan from personal loan the business must be a separate entity or body and not a sole proprietorship or partnership. A business is considered a true business only if its company abbreviation is under Corporation or LLC.

EIN or tax ID

Every business must have an EIN or tax ID whether the business has any employees or not, if not then the business won’t get any credit approval wherever applied for. The EIN of the business is used by all banks, agencies and financial institutions.

physical address

A business must have a physical deliverable address in a real brick or mortar building. Don’t use a PO box address or UPS address, or home address.

411

The business must be enlisted under 411 information directories with a dedicated business number which will be verified by lenders, creditors, vendors and even insurance providers.

800 Number

The business must have an 800 number, fax number, website, company email address which every credit issuer will look for and the credit approval process will be much easier.

800 Number

The business must have an 800 number, fax number, website, company email address which every credit issuer will look for and the credit approval process will be much easier.

Business Licensing

To set up a business, business licensing is important and also to place the business under particular criteria of business and to contact with the county, state and city government offices for proper licensing process.

Business Licensing

To set up a business, business licensing is important and also to place the business under particular criteria of business and to contact with the county, state and city government offices for proper licensing process.

Legal Documentation

Your business name must be verified at every legal documentation including power bill, phone bills, landlord bills (if applicable) and it should match everywhere, and also that the business address is proper so that every bill gets delivered to the address.

Legal Documentation

Your business name must be verified at every legal documentation including power bill, phone bills, landlord bills (if applicable) and it should match everywhere, and also that the business address is proper so that every bill gets delivered to the address.

Business Credit Report

Every business has its business credit report provided by various credit agencies such as Dun & Bradstreet, Experian commercial and others, it gives a detailed report about the business set up including positive and negative points.

Business Credit Report

Every business has its business credit report provided by various credit agencies such as Dun & Bradstreet, Experian commercial and others, it gives a detailed report about the business set up including positive and negative points.

DUNS is Free

The DUNS is free. There’s no need to pay for expediting the number.

DUNS is Free

The DUNS is free. There’s no need to pay for expediting the number.

Business Report

Read the business report thoroughly and the main thing to follow in the report is the Paydex report entitled to payment history of the company.

Business Report

Read the business report thoroughly and the main thing to follow in the report is the Paydex report entitled to payment history of the company.

credit scores

In personal credit scores depend upon payment history. The D&B score is subjective because business credit is unregulated.

D&B provides

D&B provides a detailed report of payments reported. They also make a report even when there’s no payment history. D&B is in the business of selling reports of their opinion of your business. D&B also includes information that has nothing to do with payment history. They calculate scores based on subjective means they call “proprietary.” But really, they’re trying to make a report they can sell. Companies that sell business credit programs defend this practice to not offend D&B.

D&B report

D&B report also provides total asset of the company, liabilities, capital, net worth and sales report. They’ll calculate an opinion score when they have no financial data to go on. Why? D&B seeks to sell a report.

Annual fee

Approach new creditors for getting business credit for the company and add them to the company credit report list which grows the credit report in positive direction.

Annual fee

Approach new creditors for getting business credit for the company and add them to the company credit report list which grows the credit report in positive direction.

Vendor Account

Vendor account is the fast way to build business credit report for a new company.

Vendor Account

Vendor account is the fast way to build business credit report for a new company.

Vendor Credit

Vendor credit means a net 15, net 30, net 60 or net 90 days to pay that credit for the products and services purchased. You must pay within the specified number of days.

Vendor Credit

Vendor credit means a net 15, net 30, net 60 or net 90 days to pay that credit for the products and services purchased. You must pay within the specified number of days.

411 Information

Vendors focus on verifying 411 information databases and the EIN of the company. After getting the loan amount and spending it for the purpose, the next step is to return the money on time and this report gets updated in various business reporting agencies. The business builds a credit score as the bills are paid on time on those multiple trade lines. Your goal is to build 5 accounts.

411 Information

Vendors focus on verifying 411 information databases and the EIN of the company. After getting the loan amount and spending it for the purpose, the next step is to return the money on time and this report gets updated in various business reporting agencies. The business builds a credit score as the bills are paid on time on those multiple trade lines. Your goal is to build 5 accounts.

Starters Vendors

Starters vendors are the best options for getting initial credit for a startup company and they provide it without any credit report or trade line or even no credit. Staples won’t issue credit without these options.

Starters Vendors

Starters vendors are the best options for getting initial credit for a startup company and they provide it without any credit report or trade line or even no credit. Staples won’t issue credit without these options.

starter vendors

Quill Office Supplies

Some of the starter vendors are Quill Office Supplies, Gempler’s, Uline Shipping Supplies, etc. These starter companies provide business credit without any credit score, existing capital money, or any tradelines. They need a proper company name, address, phone number, EIN, and 411 listing for approval of credits.
  • Never ever put SSN numbers in application while applying for Business credit.
  • Always pay bills early or on time.
  • Don’t start with store credit which results into direct denial before you have five reported accounts.
  • Don’t apply for cash credit without 10 reported accounts.

Contact Us For Details

Aged shelf corporations and LLC’s offer no tax advantages. We’re not attorneys. We’re not tax advisors. Aged shelf corporations are not an advantage if you intend to do business with the government.

LINKS

LINKS

LINKS

© 2021 SHELFCORPORATION.US . All rights reserved.