Business credit

3 Replies

Hi wats the best way to get business credit when your business hasn't been existing for long Or wats is the best type of credit for buying first home with the lowest possible interest rate

This video below will show you from start to finish how to establish business credit. It takes a few months to get the credit that you want but you have to start it the right way.

If you want business credit remember the 3 Gs..

@Shepard Solomon

Generally, C-corporations are better for raising commercial credit (visa, mastercard, amex, etc). If a company knows that you are a real estate company (using your NAICS or SIC code), they will shy away from that. It is best to use a NAICS or SIC code showing that you do "Business Management."

If your corporation's credit scores are not good enought (Paydex score and Experian Intelliscore), banks and other vendors will want to see your FICO.

@Andre Cook You are right, those are the best vendors to start building business/corporate/commercial credit for. Uline and Reliable are other ones I'd recommend.

There is someone named Jorge Bueno that has a system called "The Business Codex."

You can look him up, he is a very well knowledged individual

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