How to Gain Business Credit
Gaining business credit involves understanding the steps required to build a strong credit profile. Start by incorporating your business and getting an EIN. Open a business bank account and begin establishing a credit history with suppliers and vendors who report to the credit bureaus.
Incorporate Your Business
To gain business credit, you must first ensure your business is a legal entity. An LLC or corporation will help you separate personal and business liabilities.
Establish a Credit History
Establish credit by working with vendors that report your payment history to business credit bureaus. This helps build a credit profile over time.