Obtain high limit Business Credit Lines
We can help you secure business credit the right way and provide you access to business credit lines, high-limit business credit cards, and business vehicle financing.
Build Unlimited Business Credit
Our goal is to offer you unparalleled access to business credit through our innovative software. This empowers you with the necessary funds to manage your business, facilitate growth, and enhance your company’s profitability and efficiency.
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The Benefits of Business Credit
Having access to all types of business loans and business credit opens possibilities for financing for almost any type of business.
What is Business Credit?
Business credit is a measure of your company’s creditworthiness, similar to how personal credit scores assess an individual’s creditworthiness. It helps creditors determine your business’ ability to repay loans and establishes a baseline for financial trustworthiness.
Business Credit reporting utilizes data collected from Dun and Bradstreet, Experian Commercial, and Equifax Commercial.
How do I get business credit that is not tied to my SSN?
Obtaining business credit without linking it to your SSN is possible by using an Employer Identification Number (EIN). This approach offers benefits such as protecting personal credit and separating finances. To achieve this, follow these steps:
- Establish your business entity and create a Fundability Foundation™ by registering your business, obtaining an EIN, and meeting lender requirements (business address, phone, etc.).
- Gradually build your business credit profile through timely payments, diverse credit accounts, and monitoring your credit report.
- While an SSN may be needed for identity verification, providing a personal guarantee can expand financing options.
By following these steps, you can secure business credit without relying solely on your SSN, thus maintaining financial independence between your personal and business finances.
How long does it take to build business credit?
Getting business credit starts with immediate access to vendor credit. Within 60-90 days, you can qualify for store credit without personal checks or guarantees. In 6 months, expect up to $50,000 in usable credit, including Visa and MasterCard accounts. You can build $100,000-$250,000 or more within a year or two. With our Business Finance Suite, access additional cash funding programs in just a few months.
How does building business credit work?
Building business credit involves setting up your business credibly to meet lender standards. Start by obtaining credit from vendors who report to business reporting agencies. Within 60 days, your EIN will have an established credit report and score.
Using this score, apply for more credit tiers, including revolving store credit linked to your EIN, without personal guarantees or credit checks. Continue building credit to obtain fleet cards, Visa and MasterCard cash credit, increasing your chances of securing loans and credit lines with better terms.
What businesses can get business credit?
Business credit is accessible to various types of enterprises, including startups, small businesses, and established corporations. By setting up a credible business entity, meeting lender standards, and building a strong credit profile, companies across diverse industries can benefit from business credit to support their growth, operations, and financial stability.
Using this score, apply for more credit tiers, including revolving store credit linked to your EIN, without personal guarantees or credit checks. Continue building credit to obtain fleet cards, Visa and MasterCard cash credit, increasing your chances of securing loans and credit lines with better terms.
How can you help me build my business credit?
We provide comprehensive assistance in building business credit through our state-of-the-art software, accessible 24/7 for an efficient credit management experience. Our expert advisors are available to answer all your questions and offer personalized guidance tailored to your specific business needs.
With the largest selection of vendors and reporting accounts, we ensure diverse options to establish and grow your credit profile. Our proven process, backed by thousands of satisfied clients, demonstrates our commitment to helping businesses achieve their credit goals.
How is business credit scored?
The three fundamental credit scoring guidelines for business credit include:
PAYDEX Credit Score: Measures a company’s payment performance and timeliness.
Financial Stress Credit Score: Assesses the financial stability of a business and its ability to handle stress or potential bankruptcy.
Commercial Credit Score: Evaluates the overall creditworthiness and risk factor associated with a company, considering various aspects of its financial history.