Protect Your Personal Finances with Your Business Credit Portfolio
How Personal Finances Relate to Your Business Credit Profile

Business Credit Portfolio
Business Credit Portfolio

Business Credit
Business Credit

Vendor Accounts
Vendor accounts are an excellent approach to begin building business credit. Unless the vendor credit is specifically from a bank, vendors are not subject to the same laws as credit issued by banks. 31 CFR 1010.230 does not apply if the seller is not affiliated with a bank. 31 CFR 1010.230 is a 2018 federal regulation that requires everyone with at least a 25% share or control in a firm to disclose their SSN when asking for a loan. Starting vendors, such as Uline, are not considered lenders under this rule, therefore an SSN is not necessary. Vendors will be forced to pull your business credit under your EIN if the SSN entry is left blank. Filling in a number other than an SSN is a violation of two Federal laws; 42 U.S. Code 408 and 18 U.S. Code 1028A. Under these laws, you will be accused of identity theft.
Credit Cards
You will need business credit cards to continue building your business credit profile. You can start qualifying for store credit and fleet credit once you’ve added at least three payment experiences and the vendors have reported to business CRAs like Dun & Bradstreet. Each credit tier is intended to assist your company in qualifying for credit cards that you will actually use.

Personal Guarantees
Protect Yourself with Business Credit
Using Business Assets as Collateral for Loans



Use Existing Business Credit to Access More Credit
Use Existing Business Credit to Access More Credit
Create Your Operational Credit Portfolio
Create Your Operational Credit Portfolio
Best Tools for Building Business Credit
It is extremely tough to create business credit on your own because vendors' underwriting standards and reporting agencies continuously change. Credit Suite has a team of experts who can help you build your company credit. Credit Suite has the most vendors on the internet, and their products can accommodate any financial or time budget. The Core program is a business credit builder with advice, the Genesis program is a business credit builder without advice, and NAV integration allows you to manage your business credit.
