3 Simple Steps to Start Building Business Credit Now

Most business owners want to start building business credit as soon as they’re finished forming the basics of their business. They’ve registered their business, have an EIN, and opened a business checking account.

The first step toward building business credit is to keep your business information current with the three business credit bureaus: D&B, Equifax, and Experian.

The second step is to apply for a business credit company you can build a relationship with, and which prioritizes customer success and reports to the three credit bureaus. A business credit card can be one of the best tools for building business credit. Some business credit cards will even evaluate your application on the strength of your finances alone and do not require a personal credit check or credit pull. Keep in mind that paying off your business credit card in full during each billing cycle is important to building good credit.

The third step is to use your line of credit. This may sound simple but many business owners wrongly assume that just being approved for a business credit card is enough to build credit. Utilize your line of credit and as your spend grows make sure your credit card company is increasing your line of credit to support your business needs.

If you need a business credit card that is committed to customer success, and puts you in control of your business credit, visit https://www.getkleercard.com/signup.