Updated: Jul 3, 2022
A vendor tradeline is an extension of credit from one company to another company for the purchase of goods or services. Most common vendors allow you to pay invoices back in 30 days. (hence the net 30 accts)
Financial Tradelines A financial tradeline is an extension of credit from a bank or financing company. For example, a business loan from a bank, commercial credit card, or equipment lease financing.
When building business credit it's important to have multiple tradelines reporting on the profile. It will help you qualify for vehicle financing, corporate leasing, business loans, and more.
Need a list of tradelines that will help you build your business credit? Grab my updated business credit tradeline list now.