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.