Business Tradeline Services

Business tradelines offer many benefits that personal tradelines do not, for example.

• Business Tradelines dates to the date your business corporation or LLC was created.
• Business Tradelines post as Primary Tradelines.
• Business Tradelines never close, fall off or disappear
• Business Tradeline packages add a nice blend to your credit file and allow you to qualify for various business funding programs and/ or business lines of credit.
• The process of attaching tradelines takes roughly 60 days and once completed we will provide a copy of the credit report for each bureau showing that the business tradeline posted.

BUSINESS CREDIT: FREQUENTLY ASKED QUESTIONS

What is Business Credit:

• Business tradelines—sometimes called trade references or trade information—are credit accounts that appear on business credit reports
• On personal credit reports, you may have primary or authorized user tradelines for your bank, retail, or store credit cards. You will also see accounts listed as auto, home loan, student loans, and/or lines of credit. For business credit reports, there are two types of business tradelines, financial tradelines and vendor tradelines.
• Your company’s financial tradelines are tradelines that a bank, credit union, or financial institution reports. Financial tradelines illustrate your company’s history of obtaining and repaying (or missing payments) on financial products, such as a business credit card, loan, lease, or line of credit.
• Additionally, business credit reports can have vendor tradelines. These are also known as trade credit, merchant, corporate, or supplier tradelines. Vendor tradelines are the net payment accounts you may have with suppliers and vendors.
• For example, if you open a net-30 account with a vendor, you’ll have 30 days to pay an invoice. Your company’s credit report may show how much credit you used and whether you made your payments early, on time, or late.
• There are several business credit bureaus that track business tradelines, along with other information about your business.
• Some bureaus specialize in financial tradelines, while others focus on vendor tradelines. A few commercial credit reporting agencies collect and categorize data about both types of tradelines.
• For example, Experian’s business credit reports may list all your business’s credit accounts and categorize the tradeline company as financial, supply, services, utilities, or transportation.
• Experian is also a consumer credit bureau, but your Experian business credit profile is completely separate from your personal Experian credit report.
• In contrast, Dun and Bradstreet (D&B) only tracks business credit and focuses on vendor tradelines. It also categorizes a company’s trade payments. D&B may group your trade credit accounts by industry rather than listing each supplier.

Advantages of business tradelines

• Establishing business credit can be overwhelming for any business owner, whether large or small. It could be something as simple as obtaining a business loan or an equipment line of credit to make the manufacturing process faster, it also could be something as important as striking a new deal with a potential partner. Your business credit profile will help you accomplish all of these and plenty of other things in between.
• Establishing positive business credit makes it much easier to get approval for a business loan, business vehicle loans or even an equipment line of credit. Potential lenders always request business credit reports in the same way they request personal credit reports. The same logic applies. If you have a positive history, then it will be easier to get approved with a lower interest rate and could save the business thousands in the long run.

Why Are Business Tradelines Important?

• Establishing business credit can be overwhelming for any business owner, whether large or small. It could be something as simple as obtaining a business loan or an equipment line of credit to make the manufacturing process faster, it also could be something as important as striking a new deal with a potential partner. Your business credit profile will help you accomplish all of these and plenty of other things in between.
• Establishing positive business credit makes it much easier to get approval for a business loan, business vehicle loans or even an equipment line of credit. Potential lenders always request business credit reports in the same way they request personal credit reports. The same logic applies. If you have a positive history, then it will be easier to get approved with a lower interest rate and could save the business thousands in the long run.

What information will you need to add my Business Tradelines?

We will need the following info to add Primary Business Tradelines:

1. Your Full Name:
2. Your Phone Number:
3. Company Name (Inc. or LLC):
4. Company Federal Tax ID:
5. Company Address:
6. Date Business Started:
7. Your business should show active and current with the Secretary of State for business tradelines to post

BusinessCreditRepair.net offers the following packages to build credit for your business. Our lines are financial lines, not Net 30s, and they are primary lines. Posting time is approximately 2-6 Weeks.