To build your business credit profile, you’ll need accounts and vendors that report your payments to the credit bureaus. A business credit card can be a good start.
Business credit cards may also offer benefits and rewards programs that are more helpful to business owners than the features or rewards on a personal credit card.
In addition to opening a business credit card, you can build your business’s credit by opening accounts with vendors that report payments to the business credit bureaus.
You may already have vendors that you pay on terms, but ask (rather than assume) that they report the payments. If they don’t, consider opening accounts with new vendors after verifying they’ll report your payments.
Pro Tip: Pay those vendors early!
Schedule a consult with the attorneys at Main Street Law for additional guidance.