How To Build Business Credit: 4 Vital Tips

Establish business credit to obtain funding even when banks say no.
Wondering how to build business credit? You're not alone and we can help. Business Credit Advisors specializes in helping people with bad personal credit to build good business credit. We help new and established small business owners to obtain business loans and business credit lines between $5,000 and $50,000 - even when banks and credit unions say NO!

How to build business credit Tip 1: Register your business

If you want to get automated approvals for business loans and credit lines between $5,000 - $50,000, then you are going to need to either register your company as a corporation or a limited liability company (LLC). Doing so ensures that your business is legally looked at as an entity that is separate from you (the owner). This allows your business to qualify for lending and credit opportunities that you may not qualify for as an individual.

How to build business credit Tip 2: Get an EIN.

After you incorporate your company or form an LLC, then you will need to obtain an Employer Identification Number (EIN). Think of it as a Social Security Number (SSN) for a business. The process of getting an EIN is free and provided by the IRS. You can apply in minutes here.

How to build business credit Tip 3: Get a business bank account.

Set up a business checking account in the legal name of your business. Also, get a dedicated phone number for your business and submit it to major directories. You can use a landline, cell phone, or a VOIP number.

How to build business credit Tip 4: Get a DUNS Number.

Visit Dun & Bradstreet and register for a data universal numbering system (DUNS) number. This 9-digit number is considered a starting point for any company's business identity. More than 330 million businesses have DUNS numbers globally. Many lenders will look up a company's DUNS number to help predict financial stability and reliability. Registration is free and you can initiate the process here.

Contact Business Credit Advisors today to discuss all of the ways we can help you to build business credit even if your personal credit score is poor. We are experts with great connections to help you to secure the working capital you need to take your business to the next levels of success.

Credit Karma
Establish Business Credit
Get Loans & Credit Lines
Perfect for startups and business owners who don't have personal credit they can depend on for financing
Schedule Your Free 15 Minute Consultation