Four Great Starter Vendors for Business Credit
Understanding Vendor Accounts
The Power of Business Credit
Your business credit reports are separate from your personal credit history. Unless there is a personal guaranteed requirement that you fail to meet, applying for company credit will not affect your personal credit. Personal guarantees are not required to be accepted for company credit cards. You’ll gain access to higher limits, better rates, and more business value.
Starter Vendor Accounts
Starter Vendor Account Reporting Process
Starter Vendor Account Benefits
WEX provides universal fleet cards, heavy truck cards, and commercial fleet cards that are universally accepted. Their cards provide features that benefit small businesses, including a rewards program. Before applying for several accounts with WEX Fleet Cards, make sure to provide adequate time between applications so that your account is not flagged as fraudulent. A $500 deposit is required for a personal guarantee if you are not approved based on your business credit history or have been in business for at least a year. Net 15 (Wex Fleet Card), Net 22 (Wex Fleet Card), and revolving credit (Wex FlexCard) are the terms available. To be eligible, you must have an entity in good standing with the Secretary of State, an EIN with the IRS, a business address, DUNS number, a business license, a business bank account, a business phone number, and a 411 listing.