How It Works.

Establish Business Credit In 5 Steps.

Even if your credit score is low now, it's something you can work on. Follow these five steps to establish business credit for the fist time.

Set up your business legally and formally. This includes establishing the company, creating a legal name, setting up a business phone number, and getting your employer identification number.(EIN)

Open Business Accounts.

Open business accounts with vendors that report to the credit bureaus and establish a relationship with a bank.

Maintain A Good Payment History.

Make all your payments on time and in full to improve your payment history.

Remember Credit Utilization.

Keep your spending in check and maintain a credit utilization below 30%.

Monitor Your Credit Score.

Regularly monitor your credit score and address any issues promptly.