How to Establish Credit for an LLC
Ask your vendors to provide your business with trade credit.. Put any tradeline agreements in writing.. Find out if your vendors report to a credit bureau.
Steps
Ask your vendors to provide your business with trade credit.
Ask your vendors to provide your business with trade credit.
Put any tradeline agreements in writing.
Put any tradeline agreements in writing.
Find out if your vendors report to a credit bureau.
Find out if your vendors report to a credit bureau.
List vendors who don't report as trade references.
List vendors who don't report as trade references.
Make sure your business complies with credit market requirements.
Make sure your business complies with credit market requirements.
Use Nav to gain free access to your business credit reports.
Use Nav to gain free access to your business credit reports.
Get a D-U-N-S Number from Dun & Bradstreet.
Get a D-U-N-S Number from Dun & Bradstreet.
Compare entries to your business records to look for errors.
Compare entries to your business records to look for errors.
Ask retail stores if they offer business credit accounts.
Ask retail stores if they offer business credit accounts.
Apply for business credit cards when you have 10 reporting accounts.
Apply for business credit cards when you have 10 reporting accounts.
Draft a business plan and financial statements.
Draft a business plan and financial statements.
Apply for unsecured lines of credit and small business loans.
Apply for unsecured lines of credit and small business loans.
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