Why Business Credit Matters
Business credit lets you access funding, loans, and vendor terms without putting your personal credit on the line. It is the foundation of scaling any business beyond your own pocketbook.
Days 1 to 30: Build the Foundation
- Form your LLC or corporation (you need a legal entity)
- Get an EIN from the IRS (free, takes 10 minutes online)
- Open a business bank account in the company name
- Get a dedicated business phone number and address
- Register with Dun and Bradstreet for a DUNS number (free)
Days 31 to 60: Establish Trade Lines
- Apply for net-30 vendor accounts (Uline, Grainger, Quill)
- Make purchases and pay invoices early or on time
- These vendors report to business credit bureaus
- Apply for a secured business credit card
Days 61 to 90: Build and Monitor
- Add 2 to 3 more vendor accounts
- Keep utilization under 30% on your business card
- Monitor your Dun and Bradstreet PAYDEX score
- Start building relationships with local banks
The 90-Day Result
By day 90, you should have a DUNS number, 3 to 5 reporting trade lines, a business credit card, and the beginning of a PAYDEX score. This is the foundation for accessing real business funding.
Want personalized guidance? Book a strategy session and we will map your business credit plan together.