Substack (YC W18) is hiring engineers to build the future of writing

Article URL: https://substack.com/jobs?utm_source=hn&utm_content=eng

Comments URL: https://news.ycombinator.com/item?id=27754173

Points: 1

# Comments: 0

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Deepnote (YC S19) is hiring to build a better data science notebook

Article URL: https://deepnote.com/join-us

Comments URL: https://news.ycombinator.com/item?id=27614694

Points: 1

# Comments: 0

Paperspace (YC W15) is hiring engineers to build a modern MLOps platform

Article URL: https://www.paperspace.com/careers

Comments URL: https://news.ycombinator.com/item?id=27620488

Points: 1

# Comments: 0

The Easiest Way to Build Links

Link building sucks.

It’s time consuming and hard.

But as an SEO, you have no choice but to build links… assuming you want to rank on Google.

So, today I am announcing a new Ubersuggest feature, that makes link building faster and easier.

Here’s how…

What is the easiest way to get links?

What if you could only focus your link building efforts on sites that are highly likely to link to you?

Sounds great right…

Well, you can.

Just think of it this way… what are the sites that are most likely to link back to you?

It’s actually the ones that link to your competitors.

For example, if there were 300 sites that linked to 4 of your competitors, but they don’t link to you yet, reaching out to those 300 sites should create a large chunk of new backlinks for you. Because if they are willing to link to your competition, they usually won’t mind linking to you as well.

On the flip side if there are sites that don’t link to you or any of your competitors, if you hit them up, the chances are, they will ignore you and not link to you.

So how do find these easy link opportunities?

Introducing Backlink Opportunities by Ubersuggest

I want you to first go here. Then type in your URL and click on “search”.

In the left-hand navigation click on “Backlink Opportunity”.

In this report make sure you put your URL at the top and enter in a few of your popular competitors. As you can see, I put in Moz and Search Engine Journal.

Make sure you click the “+” button when adding each of your competitors and then hit “search”.

Within seconds you’ll see a report of who links to your competitors, but not you.

You’ll then want to drill down on each domain to see the exact URL that links to your competitors.

Some of the links may not be a good fit, such as the Google Maps page linking to Moz… unless you have a physical office location.

But others, such as the W3.org site, could be a great opportunity.

Wait, it gets better

The example above shows you all of the people that link to your competitors but not you.

But it is on a domain level.

With link building, it’s easier to get links when you have a similar blog post to your competition.

For example, let’s say I Google the term “SEO”. Here’s what I see on Google.

Both Moz and Search Engine Land rank above me.

I can take the exact URLs that rank above me and put them into the Backlink Opportunity report.

When adding competing URLs to the Backlink Opportunity report, you’ll want to select “URL” instead of “Domain” so you can see who links that specific URL.

This is important because Moz and Search Engine Land may have articles around topics that I don’t cover. But their articles on SEO that rank above me are about SEO basics. And the article I have that ranks below them is on SEO basics.

For that reason, it is highly relevant to see who links to the pages that rank above me because there is a good shot, I can convince one of those sites to link to me.

Sending out the email

Once you have a list of sites you want to outreach to, you are probably wondering… “how do I figure out who to email”, right?

Using Hunter.io you can get the email address for any site for free.

Once you have a person’s email, send them a custom email.

For example, for the people who link to Moz’s SEO beginner guide and Search Engine Land’s beginner’s article, I may send something like this…

Hey John,

You already know SEO is changing fast, hence you wrote an article on up-and-coming SEO trends.

But one thing I noticed is you didn’t talk much about AI and how it is going to impact SEO.

And the articles you linked to on Moz and Search Engine Land don’t cover that either. Yet at conferences, it’s one of the buzzing topics that everyone is curious about.

I actually have a few examples of the use of AI in SEO here [insert link].

If you think it’s valuable feel free and add it to your site. 🙂

Thought it would help your readers.

Cheers,

Neil Patel

PS: By the way, I just shared one of your articles on Twitter… you can check it out here.

My outreach emails are very custom. Using generic outreach emails don’t work too well with link building.

When I send out 100 emails based on opportunities from the Backlink Opportunity report, I aim for at least 15% of the sites to link back to me.

Keep in mind I am specifically using the report to see who links to similar competing articles that rank higher than me on Google. It’s very specific, but that is why it works.

Conclusion

If you haven’t, go here and put in your URL. Try out the Backlink Opportunity report and tell me what you think.

Start off by seeing who links to your competition and hit up those sites one by one to see if they are willing to link to you.

It works… just reach out to 10 sites and day and do it for a month. You will see results.

So, what do you think about this new report?

Flowdash (YC W20) is hiring engineers to help teams build internal tools faster

Article URL: https://flowdash.com/careers/software-engineer

Comments URL: https://news.ycombinator.com/item?id=27530776

Points: 1

# Comments: 0

Mux (YC W16) is hiring to help build the Stripe for video

Article URL: https://mux.com/jobs?hnj=stripe

Comments URL: https://news.ycombinator.com/item?id=27508240

Points: 1

# Comments: 0

Help Your Children Build Business Credit with EIN

As a parent, you want to do everything you can to help your child succeed.  If they are running a business, you likely want to help them get funding. You probably realize that your help needs to go beyond simply providing funding yourself. Even if you can do that, you need to know how to help your children build business credit with EIN, apart from their social security number. 

Dos and Don’ts When Trying to Help Your Children Build Business Credit with EIN

When you have a credit score for your business that is attached to your EIN rather than your SSN, you have access to much more business financing that you otherwise would.  The thing is, a business credit score does not build passively like a personal credit score does. You have to intentionally work to establish and build a business credit profile. So, how can you as a parent help your children build business credit with EIN?  Here are some dos and don’ts. 

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Don’t Pay for Tradelines

There are many companies online which promise to sell ‘seasoned’ tradelines. If a company has poor or little credit, you can pay several hundred or several thousand dollars and have your child’s business piggybacked onto the account of someone with established excellent credit.  By doing this, new business owners can seem more creditworthy than they really are. Most consider this unethical.  Do not help your child buy tradelines to establish or build a business credit score.

Don’t Try Piggybacking Your Own Credit

In this scenario, a creditworthy borrower’s accounts  are used to improve the credit of an unrelated, or a related, third party, like a child. A creditworthy borrower adds the third party as an authorized user of his lines of credit. But he or she does not actually provide the third party with credit cards or account numbers to let the third party make charges against that account. As a result, the authorized user never actually uses the credit

The benefit to the third party is an improved credit rating . It ‘shows’ they are already approved for higher limit revolving accounts. In theory, showing you already have credit is supposed to make you more creditworthy for higher limit accounts. Many companies claim to be able to secure $100,000 – 250,000 credit lines once these accounts are reporting. This is dishonest as well, even if it is your own accounts your child is piggybacking on, and even if you authorize it. It is viewed negatively by the Federal Reserve, the FBI, and credit companies. 

Do Consider Signing as a Guarantor

A guarantor loan is a loan that you sign on to for someone else.  You guarantee that you will repay if they default.  Sometimes this is a better way to  help a family member with funding than providing cash. Of course, if they fail to meet their business obligations,  then you will bear the brunt of that – and lenders will likely come after you to make up for any losses they incur.

However, if they handle their obligations responsibility, this is a great way for someone to build a personal credit score.  Even though business credit accounts do not affect personal credit, some business credit score calculations take personal credit score into account. So, this could also help strengthen the business credit sore of your child. 

Do Consider the Credit Line Hybrid

This is a unique type of loan that you can help your child get by signing on as a guarantor.  If you have a personal credit score of at least 680, you can help your child get the Credit Line Hybrid. They can usually get a loan of five times the amount of your highest revolving credit limit account, up to $150,000. Honestly, this is more than what you could get when applying for credit cards. Furthermore, you can get cash out on this program.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Here is the best part.  There is no impact on your personal credit with this type of financing. All payments report to the business credit profile, so your child  can build credit for their business associated with the business EIN without your personal credit being affected.  

Do Consider Helping Pay for a Business Credit Expert

Now, here is the number one best way to help your children build business credit with EIN. Help them work with a business credit expert.  There are very few things that are worth paying for when it comes to building credit, whether personal or business.  This is one thing that is definitely worth it.  Here is how a business credit expert can help your child. 

Learn How to Establish Business Credit for the First Time

Remember we said you have to be intentional about building a business credit profile.  It does not happen passively like with personal credit. A business credit expert can start this process.  They can review how things look right now, and help your child navigate the process of setting up their business to be a fundable entity separate from them as the owner.  

This is the first step in not only establishing a business credit score, but in building an overall foundation of fundaility.  

Learn How to Earn Business Credit With EIN Number

Establishing a business credit profile is just the first step.  Before you can build a business credit score, you  have to have accounts reporting on-time payments. It sounds simple enough. However, not all business accounts report payments.  In fact, very few do.  Even worse, those that do report do not make that information common knowledge. 

It is absolutely essential to work with a business credit expert to find an initial net 30 account to build business credit. This is the fast way to build credit for a business.  If you try to do it alone, you could have a ton of accounts that are doing your business credit score no good, because they are not reporting.  You will also waste time applying for accounts and getting denied.  

A business credit expert knows not only which accounts report, but they can help you start with the ones that you actually qualify for and work up to the ones that take more time. 

This alone saves an enormous amount of time, and time is money. 

Helping Your Child Build Credit for Their Business is Likely a Different Process Than You Expect

While there is a right way to spend money to help your children build business credit with EIN, there is also a very wrong way.  Never pay for tradelines, and avoid allowing your child to piggyback off your own credit.  Both of these options are dishonest.  They are viewed negatively by experts.  Furthermore, they can only help with personal credit anyway.  There really is not a way to do this to help with a business credit score. 

Signing a loan as a guarantor is fine, but again, it really only helps with personal credit.  While this can have bearing on a business credit score, the better way is to sign as a guarantor on the Credit Line Hybrid.  Payments on this type of financing can directly impact the credit score of the business itself. 

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

In the end, the number one best way to help your children build credit with EIN is to help them work with a business credit expert. This is someone who can not only help ensure their business is properly set up to build business credit, but that can also help them find accounts that report, and work on helping them build overall fundability.  Get started now with a free consultation.

The post Help Your Children Build Business Credit with EIN appeared first on Credit Suite.

Substack (YC W18) is hiring engineers to build the future of writing

Article URL: https://jobs.lever.co/substackinc/5b1f2f5c-3809-4278-b93d-379433a34d81

Comments URL: https://news.ycombinator.com/item?id=27487407

Points: 1

# Comments: 0

It’s Time to Build Credit for Your Business

Did You Know You Can Build Credit for Your Business?

Yes, you really can build credit for your business.

But let’s start with some definitions and background on business credit.

Business Credit

This is credit in a business’s name. It is not tied to the owner’s creditworthiness. Instead, business credit scores depend on how well a company can pay its bills. Hence consumer and business credit scores can vary dramatically.

Business Credit Benefits

There are no demands for a personal guarantee. You can quickly get business credit regardless of personal credit quality. And there is no personal credit reporting of business accounts. Business credit utilization won’t affect your consumer FICO score. Plus the business owner isn’t personally liable for the debt the business incurs. The same can be true for you as you build credit for your business.

Another advantage is that even startups can do this. Heading to a bank for a business loan can be a formula for disappointment. But building company credit, when done right, is a plan for success.

Consumer credit scores are dependent on payments but also additional components like credit use percentages.

But for business credit, the scores actually only depend on if a company pays its debts in a timely manner.

Business Credit Details

Being accepted for business credit is not automatic. Building business credit requires some work. Some of the steps are intuitive, and some of them are not.

Yet, it can be done easily and quickly, and it is much speedier than developing personal credit scores.

Merchants are a big component of this process.

Performing the steps out of sequence leads to repetitive denials. Nobody can start at the top with company credit. For example, you can’t start with retail or cash credit from your bank. If you do, you’ll get a denial 100% of the time.

Fundability is the Start of How to Build Credit for Your Business

Fundability is the current ability of our business to get funding. Some factors are within your control. Others (like your time in business) aren’t. Your online presence and data are one area which is at or close to 100% with your control.

For example, a small business needs a professional-looking web site and e-mail address. And it needs to have site hosting from a supplier like GoDaddy.

Plus, business phone numbers should have a listing on 411. You can do that here: http://www.listyourself.net/ListYourself/.

Additionally, the business phone number should be toll-free (800 exchange or comparable).

A small business also needs a bank account dedicated only to it, and it needs to have all of the licenses necessary for operating.

Licenses

These licenses all have to be in the specific, correct name of the small business. And they need to have the same business address and phone numbers.

So keep in mind, that this means not just state licenses, but potentially also city licenses.

Keep your business protected with our professional business credit monitoring.

Build Credit for Your Business and Work With the IRS

Visit the Internal Revenue Service web site and get an EIN for the business. They’re free. Select a business entity like corporation, LLC, etc.

A company may start off as a sole proprietor. But they absolutely need to switch to a variety of corporation or an LLC.

This is to decrease risk. And it will maximize tax benefits.

A business entity matters when it involves taxes and liability in the event of a lawsuit. A sole proprietorship means the business owner is it when it comes to liability and tax obligations. Nobody else is responsible.

The best thing to do is to incorporate. You should only look at a DBA as an interim step on the way to incorporation.

Starting to Build Credit for Your Business

Begin at the D&B website and get a free D-U-N-S number. A D-U-N-S number is how D&B gets a small business in their system, to produce a PAYDEX score. If there is no D-U-N-S number, then there is no record and no PAYDEX score.

Once in D&B’s system, search Equifax and Experian’s sites for the company. You can do this at www.creditsuite.com/reports. If there is a record with them, check it for accuracy and completeness. If there are no records with them, go to the next step in the process.

By doing this, Experian and Equifax have something to report on.

Business Credit, Fundability, and Business Funding Applications

The better your business credit and fundability are, the more likely you will get approval for business financing. Consider your online presence.

Build Credit for Your Business with Your Professional Business Email and Website

There are some aspects of fundability where you should pay particular attention to what’s going on online. They include:

  • Business owners listed and listed ownership uniform
  • Business name and address uniform
  • Industry aligned
  • Company domain
  • Information uniform on all records

Build Credit for Your Business with Your Business Ownership Listings

Records consistency matters here, too. Your website should show who owns your business. And that information needs to be consistent. So if the owner is named Susan Johnson on your website’s About page, then she can’t be listed as Sue Johnson on your Contact page. If your business ownership changes, you need to show that here.

Business Name and Address Uniformity

Abbreviations can be your downfall here, as can punctuation like hyphens, commas, and colons. If your Contact page says your main office is on Main Street, then your About page can’t say it’s on Main St.

If your business moves, or you add subsidiaries and other locations, then you need to update that information everywhere. This even means whether you use your 5-digit ZIP code, or a ZIP plus 4 code (9 digits).

Industry Alignment

If your business is over the road trucking, then it needs to be listed that way. Pro tip: when your industry can be called several different names, like long distance trucking, mention those other phrases on your website.

Your Company Domain

When your company domain matches your business name, it helps with fundability. Pro tip: try to match what people will be searching for online, so if (for example) the word ‘brothers’ is in your company name, then determine if ‘brothers’ or ‘bros’ will be used by people searching for your company and its goods and services online.

Keep your business protected with our professional business credit monitoring.

Your Email Address

Given that so much more of lending decisions is going on online these days, then your email address is an opportunity for your business to puts its best foot forward. Don’t squander this easy and free opportunity! General email addresses like admin@yoursite.com tend to be best.

With a general email address, if someone leaves your employ, another employee can seamlessly take over that email address. A username like admin, webmaster, or even hello is far, far better than cutiepie or the like, even if you’re in a playful industry that caters to kids. After all, your bank and banker aren’t.

Build Credit for Your Business with Records Consistency

Keep your records consistent! This includes your online records. LexisNexis and the SBFE (Small Business Financial Exchange) are looking at everything, so it had better match.

Inconsistent records will lead to a denial due to fraud because that’s how lenders interpret inconsistencies. This is a cause of denials which is in the business owner’s hands. You have the ability to change and correct this.

This means your business name, address, phone number – everything! – must look the same in these places and more:

  • Every place your business has an online presence (your website, Yelp, SoTellUs, etc.)
  • IRS records
  • Your business’s records with Dun & Bradstreet, Experian, and Equifax
  • All licenses needed to run your business
  • Incorporation documents

Copy/paste this information; don’t chance it with retyping.

Starter Vendor Credit

First you ought to build tradelines that report. Then you’ll have an established credit profile, and you’ll get a business credit score.

And with an established business credit profile and score you can begin to get credit for numerous purposes, and from all sorts of places.

These types of accounts tend to be for things bought all the time, like marketing materials, shipping boxes, outdoor work wear, ink and toner, and office furniture.

But to start with, what is trade credit? These trade lines are credit issuers who give you starter credit when you have none now. Terms are generally Net 30, rather than revolving.

Therefore, if you get an approval for $1,000 in vendor credit and use all of it, you must pay that money back in a set term, like within 30 days on a Net 30 account.

Details

Net 30 accounts must be paid in full within 30 days. 60 accounts need to be paid completely within 60 days. Compared to revolving accounts, you have a set time when you have to pay back what you borrowed or the credit you used.

To kick off your business credit profile properly, you need to get approval for vendor accounts that report to the business credit reporting agencies. When that’s done, you can then use the credit.

Then pay back what you used, and the account is on report to Dun & Bradstreet, Experian, or Equifax.

Vendor Credit — It Helps

Not every vendor can help in the same way true starter credit can. These are merchants that grant approval with hardly any effort. You also need them to be reporting to one or more of the big three CRAs: Dun & Bradstreet, Equifax, and Experian.

As you get starter credit, you can also start to get credit from retailers. Here are some stellar choices from us: https://www.creditsuite.com/blog/5-vendor-accounts-that-build-your-business-credit/

Fleet Credit

Fleet credit is from service providers where you can buy fuel, and fix and take care of vehicles. You must use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, make sure to apply using the business’s EIN.

Keep your business protected with our professional business credit monitoring.

More Universal Cash Credit

These are companies such as Visa and MasterCard. You must use your Social Security Number and date of birth on these applications for verification purposes. For credit checks and guarantees, use your EIN instead.

These are commonly MasterCard credit cards.

Monitor Your Business Credit

Know what is happening with your credit. Make sure it is being reported and fix any mistakes ASAP. Get in the practice of checking credit reports. Dig into the specifics, not just the scores.

We can help you monitor business credit at Experian, Equifax, and D&B for a lot less than it would cost you at the CRAs. See: www.creditsuite.com/monitoring.

Update Your Records

Update the relevant information if there are errors or the info is incomplete. At D&B, you can do this at: https://www.dnb.com/duns-number.html.  For Experian, go here: www.experian.com/small-business/business-credit-information.jsp. So, for Equifax, go here: www.equifax.com/business/small-business.

Fix Your Business Credit

So, what’s all this monitoring for? It’s to challenge any problems in your records. Mistakes in your credit report(s) can be corrected. But the CRAs typically want you to dispute in a particular way.

Get your small business’s PAYDEX report at: www.dnb.com/about-us/our-data.html. Get your company’s Experian report at: www.businesscreditfacts.com/pdp.aspx?pg=SearchForm. And get your Equifax business credit report at: www.equifax.com/business/credit-information.

Disputes

Disputing credit report inaccuracies usually means you mail a paper letter with copies of any proofs of payment with it. These are documents like receipts and cancelled checks. Never mail the original copies. Always send copies and retain the original copies.

Fixing credit report inaccuracies also means you precisely itemize any charges you challenge. Make your dispute letter as clear as possible. Be specific about the issues with your report. Use certified mail to have proof that you sent in your dispute.

A Word about Business Credit Building

Always use credit sensibly! Never borrow beyond what you can pay back. Track balances and deadlines for repayments. Paying on time and completely does more to increase business credit scores than just about anything else.

Establishing small business credit pays off. Great business credit scores help a business get loans. Your credit issuer knows the company can pay its debts. They understand the small business is bona fide.

The company’s EIN connects to high scores and loan providers won’t feel the need to ask for a personal guarantee.

Build Credit for Your Business: Takeaways

Business credit is an asset which can help your business for many years to come. Learn more here and get started toward establishing company credit.

The post It’s Time to Build Credit for Your Business appeared first on Credit Suite.

How to Build EIN Credit for Your Business

Do You Know How to Build EIN Credit?

Yes, it’s really possible to learn how to build EIN credit for your business.

But let’s start with some definitions and background on business credit.

Business Credit

This is credit in a business’s name. It is not tied to the owner’s creditworthiness. Instead, business credit scores depend on how well a company can pay its bills. Hence consumer and business credit scores can vary dramatically.

Business Credit Benefits

There are no demands for a personal guarantee. You can quickly get business credit regardless of personal credit quality. And there is no personal credit reporting of business accounts. Business credit utilization won’t affect your consumer FICO score. Plus the business owner isn’t personally liable for the debt the business incurs. This can be true for you as you build EIN credit for your business.

Another advantage is that even startup businesses can do this. Visiting a bank for a business loan can be a recipe for frustration. But building business credit, when done correctly, is a plan for success.

Consumer credit scores depend on payments but also various other factors like credit utilization percentages.

But for company credit, the scores truly just hinge on if a small business pays its invoices timely.

Business Credit Details

Being accepted for business credit is not automatic. Building business credit requires some work. Some of the steps are intuitive, and some of them are not.

Vendors are a big component of this process.

Doing the steps out of sequence results in repetitive rejections. No one can start at the top with business credit. For example, you can’t start with retail or cash credit from your bank. If you do, you’ll get a rejection 100% of the time.

Company Fundability to Build EIN Credit

A company must be fundable to lending institutions and vendors.

That is why, a small business needs a professional-looking website and email address. And it needs to have site hosting from a company such as GoDaddy.

Additionally, business phone numbers need to have a listing on 411. You can do that here: https://www.listyourself.net.

Also, the business telephone number should be toll-free (800 exchange or the equivalent).

A company also needs a bank account devoted strictly to it, and it must have every one of the licenses essential for running.

Licenses

These licenses all have to be in the identical, accurate name of the company. And they must have the same company address and telephone numbers.

So keep in mind, that this means not just state licenses, but possibly also city licenses.

Keep your business protected with our professional business credit monitoring.

How to Build EIN Credit: Working with the Internal Revenue Service

Visit the Internal Revenue Service website and get an EIN for the company. They’re free of charge. Select a business entity like corporation, LLC, etc.

A small business may get started as a sole proprietor. But they absolutely need to change to a form of corporation or an LLC.

This is to decrease risk. And it will make the most of tax benefits.

A business entity matters when it involves taxes and liability in the event of a lawsuit. A sole proprietorship means the business owner is it when it comes to liability and taxes. No one else is responsible.

The best thing to do is to incorporate. You should only look at a DBA as an interim step on the way to incorporation.

How to Build EIN Credit: Getting Started

Start at the D&B web site and get a totally free D-U-N-S number. A D-U-N-S number is how D&B gets a small business into their system, to produce a PAYDEX score. If there is no D-U-N-S number, then there is no record and no PAYDEX score.

Once in D&B’s system, search Equifax and Experian’s web sites for the company. You can do this at www.creditsuite.com/reports. If there is a record with them, check it for correctness and completeness. If there are no records with them, go to the next step in the process.

This way, Experian and Equifax have something to report on.

How to Build EIN Credit with Starter Vendors

First you should build tradelines that report. Then you’ll have an established credit profile, and you’ll get a business credit score.

And with an established business credit profile and score you can begin to get credit for numerous purposes, and from all sorts of places.

These kinds of accounts tend to be for things bought all the time, like marketing materials, shipping boxes, outdoor work wear, ink and toner, and office furniture.

But first of all, what is trade credit? These trade lines are credit issuers who give you starter credit when you have none now. Terms are generally Net 30, versus revolving.

Therefore, if you get an approval for $1,000 in vendor credit and use all of it, you need to pay that money back in a set term, like within 30 days on a Net 30 account.

Details

Net 30 accounts must be paid in full within 30 days. 60 accounts must be paid completely within 60 days. Unlike revolving accounts, you have a set time when you must pay back what you borrowed or the credit you made use of.

To launch your business credit profile the proper way, you should get approval for vendor accounts that report to the business credit reporting bureaus. When that’s done, you can then use the credit.

Then pay back what you used, and the account is on report to Dun & Bradstreet, Experian, or Equifax.

Vendor Credit – It Makes Sense

Not every vendor can help in the same way true starter credit can. These are vendors that grant approval with a minimum of effort. You also need them to be reporting to one or more of the big three CRAs: Dun & Bradstreet, Equifax, and Experian.

As you get starter credit, you can also start to get credit from retailers. Here are some stellar choices from us: https://www.creditsuite.com/blog/5-vendor-accounts-that-build-your-business-credit/ 

Uline

Uline is a true starter vendor. You can find them online at www.uline.com. They sell shipping, packing, and industrial supplies, and they report to Dun & Bradstreet and Experian. You MUST have a D-U-N-S number and an EIN before starting with them. They will ask for your corporate bank information. Your company address must be uniform everywhere. You need for an order to be $50 or more before they’ll report it. Your first few orders may need to be prepaid initially so your business can get approval for Net 30 terms.

  • How to apply with them:
  • Add an item to your shopping cart
  • Go to checkout
  • Select to Open an Account
  • Select to be invoiced

Marathon

Check out starter vendor Marathon. Marathon Petroleum Company provides transportation fuels, asphalt, and specialty products throughout the United States. Their comprehensive product line supports commercial, industrial, and retail operations. This card reports to Dun & Bradstreet, Experian, and Equifax. Before applying for multiple accounts with WEX Fleet cards, make sure to have enough time in between applying so they don’t red-flag your account for fraud.

To qualify, you need:

  • Entity in good standing with Secretary of State
  • EIN number with IRS
  • Business address- matching everywhere.
  • D-U-N-S number
  • Business License (if applicable)
  • And a business bank account
  • Business phone number listed on 411

Your SSN is required for informational purposes. If concerned they will pull your personal credit talk to their credit department before applying. You can give a $500 deposit instead of using a personal guarantee, if in business less than a year. Apply online. Terms are Net 15. Get it here: https://www.marathonbrand.com/.

Grainger Industrial Supply

Grainger Industrial Supply is likewise a true starter vendor. You can find them online at www.grainger.com. They sell hardware, power tools, pumps and more. They also do fleet maintenance. And they report to D&B. You need a business license, EIN, and a D-U-N-S number.

  • To qualify, you need the following:
  • A business license (if applicable)
  • An EIN number
  • A company address matching everywhere
  • A corporate bank account
  • And A D-U-N-S number from Dun & Bradstreet

Your business entity must be in good standing with the applicable Secretary of State. If your business doesn’t have established credit, they will require additional documents. So, these are items like accounts payable, income statement, balance sheets, and the like.

Apply online or over the phone.

Accounts That Do Not Report

Non-reporting trade accounts can also be helpful. While you do want trade accounts to report to a minimum of one of the CRAs, a trade account which does not report can still be of some value.

You can always ask non-reporting accounts for trade references. And also, credit accounts of any sort ought to help you to better even out business expenditures, thus making financial planning simpler.

Store Credit

Store credit comes from a variety of retail service providers.

You must use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, use the company’s EIN on these credit applications.

Fleet Credit

Fleet credit is from service providers where you can purchase fuel and fix and take care of vehicles. You must use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, make certain to apply using the company’s EIN.

Keep your business protected with our professional business credit monitoring.

Cash Credit

You must use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, use your EIN instead.

These are frequently MasterCard credit cards.

Monitor Your Business Credit

Know what is happening with your credit. Make certain it is being reported and address any errors as soon as possible. Get in the practice of checking credit reports. Dig into the particulars, not just the scores.

We can help you monitor business credit at Experian, Equifax, and D&B for a lot less than it would cost you at the CRAs. See: www.creditsuite.com/monitoring.

Update Your Information

Update the info if there are inaccuracies or the data is incomplete.

Fix Your Business Credit

So, what’s all this monitoring for? It’s to challenge any errors in your records. Mistakes in your credit report(s) can be taken care of. But the CRAs usually want you to dispute in a particular way.

Disputes

Disputing credit report mistakes typically means you send a paper letter with copies of any proof of payment with it. These are documents like receipts and cancelled checks. Never send the originals. Always mail copies and keep the original copies.

Fixing credit report errors also means you specifically detail any charges you challenge. Make your dispute letter as clear as possible. Be specific about the concerns with your report. Use certified mail to have proof that you sent in your dispute.

Keep your business protected with our professional business credit monitoring. 

A Word about How to Build EIN Credit

Always use credit smartly! Never borrow more than what you can pay off. Monitor balances and deadlines for repayments. Paying on schedule and fully does more to increase business credit scores than nearly anything else.

Building small business credit pays off. Excellent business credit scores help a small business get loans. Your lender knows the small business can pay its financial obligations. They know the company is for real.

The small business’s EIN links to high scores and loan providers won’t feel the need to request a personal guarantee.

How to Build EIN Credit: Takeaways

Business credit is an asset which can help your small business for years to come. Learn more here and get started toward establishing small business credit.

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