Updated: Jun 11, 2022
Building business credit can be done in less than 90 days if you do it properly.
Business credit takes less time to build than personal credit...trust me it's a proven fact.
Your business credit scores are based on the number of tradelines and the timeliness of your payments.
Having business credit gives you an advantage over businesses that don't. Here are 3 tips to help you generate your scores faster:
Tip #1 - Apply 5-6 Vendors Onto Your Report In The Same Week
I use this hack all the time because most vendors report every 30 days, I apply and make purchases from 5-6 vendors in the same week. That way they should all get reported around the same time.
Tip #2 - Pay Invoices 5-10 Days Early
Yup, this helps to generate and increase your scores a lot faster because the lender will have a paid account once they report to the business bureaus. This helps your scores increase because 50% of the score factor relies on how prompt payments are made.
Tip #3 - Use Accounts That Report Every 30 Days
Not every lender or vendor will report every 30 days. So when applying for vendors make sure they report every 30 days or at least 60 days. You can find out when they report based on the terms for example (net 30, net 55, net 60).
If you need a list of tradelines that you can add to your business profile that doesn't need your SSN, and reports every 30 days grab the tradeline list today.