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Building a business credit line using vender credit

Building a business credit line using vender credit

Visa and Mastercard business credit cards aren’t immediately available.

Only older companies with a credit history may receive secured business credit cards.

The vendor uses their credit report, they do a credit check and sometimes request a guarantee. Tradelines access initial credit even when your business has none, and they report to the business credit bureaus. Usually, they offer account terms such as;

  • NET30 means your business must pay within 30days.
  • NET60 means your business must pay within 60 days.
  • NET 55, means your business must pay within 55 days.
  • NET15 means your business must pay within 15 days.