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How to Build Business Credit 2022 | Top 10 Net 30 Vendor Tradelines - YouTube
Channel: Get Business Credit
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hey what's up it's josh with the get
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business credit youtube channel in
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today's video we're going to be going
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over my updated list for how to build
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business credit in 2022. this is for
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those that are just now starting your
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business or you establish your business
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say even a year ago a couple years ago
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but maybe missed a couple different
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trade lines so these are my
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recommendations for the top 10 trade
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lines to get you building up your
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business credit with four different
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business credit bureaus the four main
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okay so without further ado let's get
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into it but before i do make sure you
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hit that subscribe button if you're not
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already a subscriber and if you like
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this video give it a thumbs up so
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without further ado like i said let's
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get into it
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so the very first trade line that i
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would recommend anybody to go after when
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you're building business credit up is
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nav
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so
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nav has they're basically like a credit
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karma but for businesses they have free
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plans but the one that you want to get
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is the nav business boost keep in mind
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i'll have all the links in description
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below so make sure you check those out
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some of them are partner links and some
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of them are discount links that you'll
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get as well
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so check out those links for sure
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but
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this is nav business boost it's 39 a
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month they have one that's 49 a month
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but you really don't need it just stick
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with what i'm telling you 39 a month it
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reports to experian business down in
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brad street and equifax business okay so
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it reports as a cash payment but it
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establishes you
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a file with all three of those bureaus
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and reports every single month usually
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around the first of every month
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to
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those three bureaus
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and build your business credit up as a
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cash trade line okay next one
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is going to be quilld.com okay
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their office supply
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company like staples that they're
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actually owned by staples
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it's a easy net 30 accountant that you
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can get
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i will make another video on how you can
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get the net 30
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account with them but basically you have
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to register your company name with them
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fill out all the information correctly
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that you have listed with the secretary
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of state your business all that correct
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information
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and you need to put at least 100
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of items in your shopping cart and you
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have to order that and there will be a
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section that will say
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pay by mastercard visa credit card
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or paid by invoice so if it's 99 in the
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shopping cart it's not going to give you
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that option for
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an open invoice so just keep that in
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mind
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they report to dunn and brad street only
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monthly
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then you got ui kneeling can be hard
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sometimes because
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they
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manually
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review each and every business so you
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want to make sure that you have your
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correct email address don't use like a
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gmail email address you want to have a
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professional
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the abc company like john
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abccompany.com
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because they will check out your website
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when they're doing
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the manual credit review if they're
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gonna extend net 30 credit terms to you
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sometimes they ask you to prepay a
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couple orders
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it's a hit or miss
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depending on how old your business is
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but they report also like clockwork to
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experian i'm not 100 sure if they report
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to
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dunn and bradstreet
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some people say they do
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some people say they don't
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and
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uline will not actually
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tell you
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you know if you called them and asked
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them they don't like to tell you the
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information like that okay
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it kind of annoys their credit
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department
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next one is rts financial it is similar
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to the x pilot flying j card but i
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wouldn't go after that card because it's
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only a net one day
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term card so it's like the same as using
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cash or whatever
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this is a no credit check
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twenty five hundred dollar credit
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limit that it starts you off with
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like i said it's rts financial it could
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be used all the pilot plan j
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uh
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truck stops
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one nine network you can use it for
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regular gasoline or diesel
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and
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i believe there's over
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1800 different locations you can get gas
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at like speedway and
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different truck stops they initially
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start you off with a net three
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and then after a couple payments on time
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payments they do auto draw but after a
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couple payments then you can just ask
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them for say net seven
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and then net 14
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and over say 60 days you can get up to
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net 30.
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i have a direct contact with them and we
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have a landing page partner landing page
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with them so like i said the link will
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be in the description below they report
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to experian and done at brad street keep
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in mind any of these trade lines
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sometimes take anywhere from 30 to 60
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days to start reporting depending on how
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they actually report and when you signed
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up the account
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so like i said they report to experian
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and done at brad street
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next one is the fuel man mastercard
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fuel man is underwritten by fleet core
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i've talked a lot about different fleet
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core cards like the bp mastercard
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speedway super fleet universal
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premium and there's a couple others
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arco is another one
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but i'm just using the fleet fuel man
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mastercard because
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it's probably most commonly one used
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it's a hit or miss if they're gonna
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either approve you
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with no pg
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or
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they're gonna ask you for a
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security deposit sometimes they do that
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for brand new businesses it can be
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anywhere from 200 to 500 and sometimes
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they give you three times the credit
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limit it's just going to depend on your
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business
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how when it was established some people
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get approved
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you know
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right away for 10 000 you know so
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it also can be used for
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maintenance but it can only be used for
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gasoline and maintenance you can't just
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because it says mastercard you can't use
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it for like
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walmart or
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you know just going out shopping like a
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regular mastercard
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they report uh to experian
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it's a net 14 and then they give you a
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grace period to pay they'll send you
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that invoice you just have to pay that
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online through your bank account like i
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said security deposit may be required
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follow some of my other videos that i
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talked about uh the different fleet core
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cards because i show you how to properly
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fill out the application
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and
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it will populate your business
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information if it's registered say with
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the secretary of state and they have
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that with lexisnexis and experian
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data already
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okay
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and like i said it reports to you
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experian and i really try to focus in on
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the experience because it's important to
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build business credit up with experian
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because
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they are the ones that are going to give
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you actual cards sankrini bank ones like
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that speaking of synchrony bank the next
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one will be
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this gas card so this gas card can only
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be used at philips
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66 conoco or 76 stations
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and they're kind of rebranding and
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making a lot more branches so
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you know they were big
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you know 50 100 years ago
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they kind of went down to like mom and
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pop
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gas stations now they're blown back up
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they report to experian
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it's underwritten through synchrony
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bank
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it's revolving it's no pg
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fill out the information correct i've
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made several videos about that as well
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all of these that i'm talking about i've
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made videos in the past individually so
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you can go back and check those out as
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well again this is one that's not
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sure if they actually are reporting to
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dun and bradstreet because a lot of
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synchrony financial accounts do report
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to done in bradstreet say for instance
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the amazon business line of credit
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and the sam's club mastercard that's
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also underwritten through
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synchrony so just keep that in mind dun
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and bradstreet won't tell you what
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account that is that's actually
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reporting
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but it does report to experian
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every single month and it is revolving
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but it is a high
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apr so i wouldn't suggest you to carry a
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balance on that
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next one would be the wex
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i prefer this
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card they have like 80 different cards
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like 7 11.
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so many different branded cards
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chevron
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the list goes on and on i like this card
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because it can be used for hotel
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bookings tires
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traveling different things like that
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within the dashboard of wech's edge that
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comes with this card
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and they report to experian and done
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brad street
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typically they give you a net 30 but
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sometimes it's going to be not 14.
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you know i've seen it for the most part
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net 30 but some people get the net 14.
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so like i said it can be used for hotel
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bookings and maintenance
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reports to experian and done bradstreet
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next one is also underwritten through
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synchrony financial
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that's jcpenney's commercial card
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i've made videos in the past about this
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one they no longer do online
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applications i'll have a video coming
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out in the next day or two
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about the
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pdf application how to fill it out
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and then you can email it and probably
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get approval pretty quick it's a pretty
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easy process to get approved
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it does not report as you can see here i
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listed it does not report you may be
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asking me then why am i telling you that
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or why do you want to get the straight
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line if it doesn't report
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reason why is its inter-banking
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relationship you want to build up a lot
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of
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enter banking relationship with
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synchrony bank because they have five
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different
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no pg accounts such as the sam's club
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revolving no pg mastercard
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which is really the only one out there
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and then they got the amazon
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net 30 net 55
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um
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business line of credit obviously this
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jcpenney's one
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lowe's
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which is a net 60 day
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and um
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i can't think of that other one right
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off the top of my head there's one more
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though there's five total
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so like i said it doesn't report but you
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want to build up that inner banking
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relationship with them period and the
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prices aren't bad with it you know it's
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jc penney's you order everything online
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it is a net 30.
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next one is jj gold so this is one of
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the starter vendors and i spoke to
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one of the executives over at jj gold
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last night i didn't want to be getting
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affiliate income off of it so what they
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offered is if you use
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my code gbc30
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it's going to give you thirty dollars
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off the membership fee it's ninety nine
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dollars to get your membership set up
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with them it's just a one-time fee
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so you'll get thirty dollars off your
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membership so it's gonna be like seventy
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dollars
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and then they'll give you anywhere from
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six hundred dollars to like two thousand
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depending on how old your business is
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and
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once they check everything out with your
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business
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they report to donald bradstreet and
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equifax monthly
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they did say it takes about 45 days to
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possibly 60 days to start reporting
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equifax gets reported quicker than done
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bradstreet keep that in mind
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next one is office garner
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it's another starter vendor
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and they charge a 79 annual fee
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um that you have to pay as well it's
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just the way it is
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and
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it's a
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50 minimum purchase for your first
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purchase and then that's going to be a
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net 30 terms
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on that
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but you have to pay that 79 dollars up
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front and then you'll get the credit
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line whatever they approve you for but
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you want to place that first order of 50
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it reports to equifax and credit safe a
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lot of people don't really realize
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the fourth credit bureau which is credit
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safe and i'll be talking a lot more
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about that like i have in the past but
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it is a bureau that's being used more
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and more and it's the largest used
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business credit bureau in the world
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bigger than done at brad street but
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they're mainly
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in europe and
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um like the uk but they're really making
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a big impact in the us the last four or
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five years or so
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so like i said um this one reports
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monthly i gave you guys like a overview
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here that you can see for all the trade
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lines that i have listed here
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you may or may not get approved for all
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of them but
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you know go in that order and try to get
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those you can do them all at once or
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space them out it's up to you
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so
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as you can see here
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there's experian done in brad street
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equifax and credit safe
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there's only one that's reports to
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credit safe possibly
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the wax cardist could be starting to
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report to
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credit safe as well from what i've heard
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but
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experian
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business is the most important in my
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opinion
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especially if you want to get the actual
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you know credit cards a lot of them are
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no pg as well so you know so
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you got five with experian
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four with dun and brad street
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and
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two with equifax
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one with credit safe
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and
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there's a hundred and hundred two
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hundred more that i could talk about but
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these are the ones that i would suggest
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to you to go after if you're just now
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starting to build business credit up or
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if you've already built up your business
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credit
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and maybe you don't have some of these
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so
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this is my recommendation it'll build
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your business credit up like that if you
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get all these right away
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you'll be on a great start to get a lot
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more trade lines that are no pg okay
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so that is all for this video stay tuned
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for some other videos that i have coming
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so many new videos coming this year
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uh so much to look forward to
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make sure you hit that subscribe button
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if you're not already a subscriber about
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50 percent of you viewers are not
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subscribers so please just subscribe
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that's all i ask
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um
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and hit this thumbs up it really helps
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the youtube algorithm when you just hit
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that thumbs up it only takes a second i
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really appreciate it stay tuned until
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other videos coming okay till next time
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you guys take care again appreciate you
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guys watching this video bye
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you
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