Google Adwords Qualified Company Certification: Do Ppc Customers Know About This Certification? There are several methods and also programs readily available to individuals that have an interest in Internet advertising in this day as well as age. Hereof, you might be asking yourself if PPC clients understand about Google AdWords Qualified Company qualification. Via this … Continue reading Google Adwords Qualified Company Certification: Do Ppc Customers Learn About This Certification?
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Forge Your Fortress: Build a Company Credit Report You Can Be Proud Of
Build a Wall Around Your Business Kingdom with a Strong Company Credit Report
Similar to building a kingdom, a strong company credit report does not happen overnight. It takes years of hard work and dedication to build a business credit score and report you can be proud of. You have to start from the bottom, with basically nothing, and work methodically through a process. It isn’t a hard process, but it does take time, which means you need to start as soon as possible.
In the long run, it is completely worth the time and dedication necessary to build a solid company credit score, because once you do, your business and your personal assets are both protected. Your business has the power of strong business credit on its side. Your personal finances, on the other hand, will be unaffected by any enemy that may attack the business. It’s a win-win.
So how do you do it? Where do you start? What does it really take to build a company credit report you can be proud of?
Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.
Conquer the Land: Business Fundability
Establishing small business credit is a process, and it does not happen automatically. A company will need to proactively work to establish business credit. Nonetheless, it can be done readily and quickly, and it is much more rapid than developing personal credit scores.
Before you can ever begin building a kingdom, you must first conquer the land for yourself. In company credit report terms, that means making your business fundable. There are a few things you need to do to make this happen.
- You need a professional-looking website and email address. The website address needs to be bought from a supplier such as GoDaddy. In addition, the email address needs to have the same URL. It shouldn’t be a from a free email platform like Yahoo or Gmail.
- The company telephone and fax numbers should be different from your personal numbers, and they need to have a listing on ListYourself.net.
- Additionally, the company phone number should be toll-free.
- A business bank account devoted strictly to the company is always a must.
- Visit the IRS web site and get an EIN for the company. It’s
- Formally incorporate. This means organizing as an LLC, S-corp, or corporation. You cannot operate as a sole proprietorship or partnership and build business credit properly. The option you choose should be based upon the level of protection and the tax benefits that you need. For company credit report purposes, they all work the same.
- Head over to the D&B website and obtain 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 generate a PAYDEX score. If there is no D-U-N-S number, then there is no record and no PAYDEX score.
Gather the Loyal: Your Company Credit Report Fortress
Usually you have to have credit to get credit. When building a kingdom, you need your inner circle. There are always those few that are loyal to your cause before they have any reason to be. For building a strong company credit report, your inner circle is going to be composed of starter vendors. These are vendors from the vendor credit tier that will help you out before you even have a business credit score. They are your jumping off point once your business is fundable.
Terms are, in most cases, Net 30. This is in contract to the more common revolving credit. However, they will report your payments to the credit reporting agencies, which is what you need to start building a company credit report. If you have followed the fundability steps listed above, you will have a credit profile at the credit reporting agencies when these vendors report your accounts.
The vendors sell the things bought all the time in the normal course of business, including marketing materials, shipping boxes, outdoor work wear, ink and toner, and office furniture.
Recruiting for Your Cause in the Vendor Credit Tier
To begin your business credit profile the proper way, you need to get approval for vendor accounts that report to the business credit reporting agencies. Once that’s done, you can make use of the credit.
But not every vendor can help like true starter credit can. It is important to work with those merchants that will grant an approval with marginal effort. You also want them to be reporting to one or more of the big three CRAs: Dun & Bradstreet, Equifax, and Experian.
You may have to apply more than one time to these vendors. Here are some great options to start with: https://www.creditsuite.com/blog/5-vendor-accounts-that-build-your-business-credit/
Uline Shipping Supplies is a true starter vendor. They sell shipping, packing, and industrial supplies, and report to D&B.
You must have a D-U-N-S number. They will request 2 references and a bank reference. The first few orders may need to be paid in advance to initially get approval for Net 30 terms.
Quill is also a true starter vendor selling office, packaging, and cleaning supplies. They report to D&B and Experian.
Place an initial order first unless you already have a business credit score with D&B. They require some initial purchases before approving net 30 terms for those that do not already have a score with Dun & Bradstreet.
Generally, they will put you on a 90-day prepayment schedule. If you order items each month for 3 months, they will usually approve you for a Net 30 Account.
Grainger Industrial Supply is another true starter vendor. They sell safety equipment, plumbing supplies, and more. They report to D&B. You will need to have a business license, EIN, and a D-U-N-S number.
For less than a $1000 credit limit they will approve virtually any person with a business license.
Accounts That Don’t Report
Non-Reporting Trade Accounts can also be helpful. While you do want trade accounts to report to a minimum of one of the credit reporting agencies (CRAs), a trade account which does not report can be of some value.
You can always ask non-reporting accounts for trade references. Also, credit accounts of any sort should help you to better even out business expenses, thus making budgeting simpler. These are providers like PayPal Credit and T-Mobile.
Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.
Retail Credit Tier
Once there are 5 to 8 or more vendor trade accounts reporting to at least one of the CRAs, then move to the retail credit tier. These are service providers such as Office Depot and Staples.
One example of a company in this tier is Lowe’s. They report to D&B, Equifax, and Business Experian. They want to see a D-U-N-S and a PAYDEX score of 78 or better.
Fleet Credit Tier
Once you have 8 to 10 accounts reporting from the retail credit tier, you can move on to the fleet credit tier. These are businesses such as BP and Conoco. Use this credit to purchase fuel, as well as to repair and maintain vehicles.
Shell is an example of a company in the fleet credit tier. They report to D&B and Business Experian. They want to see a PAYDEX Score of 78 or higher and a 411-business telephone listing.
Shell might claim they want a particular amount of time in business or profits. However, if you already have enough vendor accounts, that won’t be necessary. You can still get an approval.
Cash Credit Tier
When you have enough accounts reporting from all the other tiers, you can start to apply for cards in the cash credit tier. These are business versions of standard Mastercard, Visa, and American Express cards. They will come with higher limits and lower rates if you have followed the previous steps and kept up with payments.
Why Is a Strong Company Credit Report Important?
Why build a strong credit kingdom in the first place? Is it really worth it, especially if you already have solid personal credit? Yes!
Company credit is credit in the business name. It doesn’t connect to a business owner’s consumer credit at all if things are set up properly. This means a business owner’s business and consumer credit scores can be very different.
Considering that company credit is independent from the individual, it helps to safeguard a small business owner’s personal assets in the event of a court action or business insolvency.
In addition, even if you make payments on time, running business expenses through personal credit can wreak havoc on personal credit scores. This is because business expenses are typically larger than personal expenses, but personal credit limits are much lower than business credit limits. As a result, business expenses can keep you close to personal limits consistently. That means your debt-to-credit ratio goes up, which can make your personal credit score go down.
Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.
Additional Tips for Building Your Company Credit Report
As you work through this process, here are some things to remember:
- Make all payments on time. If you do not do this one thing, the rest doesn’t matter. Bad business credit will not help you, and if you don’t pay on time, that is exactly what you will have.
- When applying for business credit, use your EIN. You may have to use your SSN for identification purposes, but not for the credit check.
- Use credit wisely. You do not have to use all you have. Don’t buy things you don’t need or use so much that you cannot make payments.
- Make sure your information is updated as needed. If your contact information changes, get that information to the credit agencies.
Once you build a company credit report you can be proud of, you need to keep it that way. Here’s how.
Stay in the Lookout Tower: Monitor Your Business Credit
Keep an eye on what is happening with your credit. Make certain it is being reported, and deal with any mistakes as soon as you can. We can help you monitor business credit at Experian and D&B for only $24/month. See: www.creditsuite.com/monitoring.
To monitor with D&B go to: www.dandb.com/credit-builder. For monitoring with Experian, visit: www.smartbusinessreports.com/Landing/1217/. At Equifax, you can monitor your account at: www.equifax.com/business/business-credit-monitor-small-business. Experian and Equifax cost about $19.99; D&B ranges from $49.99 to $99.99.
Take Down Enemies Before They Reach the Gate: The Purpose of Company Credit Report Monitoring
What are you looking for? You are looking for mistakes on your report. Your mission is to take down the enemy and repair any damage done. Errors in your credit report(s) can be corrected, but you have to dispute in a particular way. Generally, this means you mail 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.
Itemize any charges you challenge, and make your letter as clear as possible. Be specific about the concerns with your report. Use certified mail so that you will have proof that you mailed in your dispute.
Dispute your business’s Equifax report by following the directions here: www.equifax.com/small-business-faqs/#Dispute-FAQs
You can dispute inaccuracies on your or your company’s Experian report by following the directions here: www.experian.com/small-business/business-credit-information.jsp.
D&B’s PAYDEX Customer Service telephone number is here: www.dandb.com/glossary/paydex.
How Do You Build a Company Credit Report You Can Be Proud Of? Trust the Process
While it isn’t necessarily hard, it is a lengthy and specific process. Your company credit report doesn’t just appear when you open your first account. You must have things set up properly to separate your business from yourself.
Then, you must be intentional about finding accounts in the vendor credit tier. Patience is necessary to build accounts in each credit tier so that you can continue to move through the process. As you do, be certain you do not sabotage yourself by missing payments. Use your credit wisely and you will soon see that you have the credit you need to run a successful business.
Once you have your business credit report where you want it, keep it that way with credit monitoring. Stay on top of accounts reporting and ensure that your report is accurate and complete. Then, you will be able to access the funding you need for your business, when you need it. Your credit kingdom will be a solid fortress than no foe can penetrate.
The post Forge Your Fortress: Build a Company Credit Report You Can Be Proud Of appeared first on Credit Suite.
Get a Discover Business Card for Your Company Today
Discover Business Card Specials – and Check Out How They Can Help YOUR Business
We reviewed a ton of company credit cards, and did the research for you. So here are our favorites. We found great Discover business card specials and more!
Per the SBA, company credit card limits are a whopping 10 – 100 times that of consumer credit cards!
This reveals you can get a lot more cash with business credit. And it also shows you can have personal credit cards at retailers. So you would now have an extra card at the same retail stores for your small business.
And you will not need collateral, cash flow, or financials in order to get small business credit.
Business Credit Card Benefits
Benefits can differ. So, make certain to pick the perk you like from this assortment of alternatives.
Reliable Low APR/Balance Transfers Business Credit Cards
Discover it® Cash Back
Have a look at the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.
After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based on the Prime Rate.
Details
You can get 5% cash back at different places every quarter. So, these are places like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Additionally, automatically earn unlimited 1% cash back on all other purchases.
You will earn an unlimited dollar-for-dollar match of all the cash back you have gotten at the end of your first year, automatically.
Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html
Credit Builder Company Credit Cards – Make Your Credit Surge!
Discover it® Student Cash Back
Be sure to take a look at the Discover it® Student Cash Back card. It has no annual fee. The card also offers a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.
One distinct feature is that it provides an incentive for students to maintain good grades with a $20 statement credit. If students earn a GPA of 3.0 or better each school year, the card will award the $20 statement credit annually for up to five years.
Details
Use this credit card to build personal credit. While this is a personal credit card versus a business card, for new credit users, their FICO scores will be important. And this card provides an outstanding way to raise FICO while also getting rewards.
You can earn 5% cash back at different places each quarter such as grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this card offers unlimited 1% cash back on all purchases.
In the initial year, all cash back rewards are matched 100%.
Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.
Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html
Unbeatable Cards for Jackpot Rewards
The Discover it® Student Cash Back card also works in this category. This is in addition to being a Discover business card for credit building.
Secure Business Credit Cards for Average Credit
We did not find a good Discover business card for average credit. so instead we are showing the Capital One Spark Classic for Business.
Capital One® Spark® Classic for Business
For average credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. The card earns an unlimited 1% cash back on all purchases. There is an annual fee of $0.
With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.
But BEAR IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.
Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
Establish business credit fast with our research-backed guide to 12 business credit cards and lines.
Small Business Credit Cards with 0% APR – Pay Zero!
The Discover it® Student Cash Back card can fit under this category. So this is in addition to being a Discover business card for credit building.
Here are two other cards we liked. But keep in mind, neither of them is a Discover business card.
Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card
The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no yearly fee and comes with a 0% introductory APR on purchases for the initial nine months. Afterwards, the card has a 13.24 – 23.24% variable APR
Earn 3 points/dollar spent when you book travel through the Bank of America Travel Center and 1.5 points/dollar on all other purchases. You can get unlimited points and points never expire.
Details
There is a 25,000-point sign-up bonus when you spend $1,000 in the first 60 days of opening the account. Cardholders get travel accident insurance, and lost luggage reimbursement.
They also get trip cancellation coverage, trip delay reimbursement and other benefits.
There is no introductory rate for balance transfers. Also, bonus categories are limited.
Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/
JetBlue Plus Card
Take a look at the JetBlue Plus Card for an additional offer of a 0% introductory APR
Earn six points/dollar on JetBlue purchases, two points/dollar at restaurants and grocery stores. And get one point/dollar on all other purchases.
Details
Spend $1,000 in the initial 90 days and pay the annual fee, and earn 40,000 bonus points. New cardholders receive a 12 month, 0% introductory APR on balance transfers made within 45 days of account opening.
Afterwards, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based on creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.
There is a $99 yearly fee for this card.
Get it here: https://cards.barclaycardus.com/cards/jetblue-card/
Establish business credit fast with our research-backed guide to 12 business credit cards and lines.
Terrific Cards for Cash Back
The Discover it® Cash Back card and the Discover it® Student Cash Back card also work for this category. This is in addition to each of them being a Discover business card for balance transfers or credit building.
Remarkable Business Credit Cards with No Annual Fee
The Discover it® Student Cash Back card also works in this category. That is in addition to being a Discover business card for credit building. For the other cards in this category, they can also work as good cards for travel points.
However, none of them are a Discover business card, unfortunately.
Uber Visa Card
Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.
The card provides 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, get 3% back on hotel, airfare and vacation home rentals. And get 2% back on online purchases.
So, this includes retailers and subscription services like Uber and Netflix. And get 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly within the app.
By spending at least $500 in the initial 90 days, users can earn a $100 sign-up bonus. Cardholders spending a minimum of $5,000 per year are eligible to receive a $50 credit toward online subscription services.
Details
If you pay your cellphone bill with this card, you are insured up to $600 for cellphone damage or theft.
Cardholders are eligible for exclusive access to certain events and offers. Uber anticipates most of these offers will be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.
But there is no introductory rate. The APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.
Also, there are restrictions on Uber credits. To redeem points as credits in the Uber app, accrue at least 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, in a given day.
Get it here: https://www.uber.com/c/uber-credit-card/
Costco Anywhere Visa® Business Card by Citi
Not taking Uber? Then you’ll need to fill your gas tank somehow. Why not do so with the Costco Anywhere Visa® Business Card by Citi?
This credit card earns cash back with every purchase. Get 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Get 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.
Note: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.
Also, there is no sign-up bonus offered with this card.
Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card
United MileagePlus Explorer Business Card
Get a good look at the United MileagePlus Explorer Business Card.
Get 2 miles/dollar with United and at restaurants, filling stations and office supply stores. All other purchases get 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the first three months from account opening.
Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.
Details
Also, get two United Club passes annually. And get hotel and resort perks including upgrades. On top of that, get early check-in and late checkout. And get an auto rental collision damage waiver.
Plus, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.
After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.
Get it here: https://creditcards.chase.com/small-business-credit-cards/united-mileageplus-explorer-business
Starwood Preferred Guest® Business Credit Card from American Express
Another choice is the Starwood Preferred Guest Business Credit Card from American Express.
This credit card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Earn six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.
And get four points per dollar at American restaurants, US filling stations, and on US purchases for shipping.
Also, earn four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, get two points per dollar.
Details
Get 75,000 bonus points when you spend $3,000 in the initial three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection.
Plus you get car rental loss and damage insurance. And you get baggage insurance. There is also a global assistance hotline. And there is a roadside assistance hotline. And get travel accident insurance and extended warranty coverage.
The biggest issue is the yearly fee. There is a $0 introductory annual fee for the first year, then it’s $95 thereafter. Plus there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR
Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/spg-amex-starwood-credit-card
Ironclad Secured Credit Cards
We could not find a secured Discover business card. So we are offering this alternative instead.
Wells Fargo Business Secured Credit Card
Have a look at the Wells Fargo Business Secured Credit Card. It charges a $25 annual fee per card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000) and it is designed to help cardholders establish or rebuild their credit.
Choose this credit card if you wish to get 1.5% per dollar in purchases without any limits or earn one point for every dollar in purchases. You also get 1,000 bonus points for every month your company makes $1,000 in purchases on the card.
Details
Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed. And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.
APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a credit card for balance transfers.
Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
Establish business credit fast with our research-backed guide to 12 business credit cards and lines.
The Perfect Discover Business Card for You
Your outright best Discover business card will hinge on your credit history and scores.
Only you can choose which features you want and need. So make sure to do your homework. What is outstanding for you could be catastrophic for another person.
And, as always, make sure to establish credit in the recommended order for the best, quickest benefits.
The post Get a Discover Business Card for Your Company Today appeared first on Credit Suite.
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Company Analyst for the Small Business
Company Analyst for the Small Business
Little company proprietors might not assume they require a service expert. The company expert can really come in and also identify what the little organisation proprietor can do to increase his or her service. The tiny company proprietor can profit simply as much from a company expert as a huge firm.
The tiny organisation can profit from the company expert in lots of means. Advertising and marketing methods the tiny organisation is making use of might be verifying useless. The service expert might be able to recommend factor of sale revenue not assumed of by the little service proprietor.
The service expert will certainly be able to identify and also analyze the tiny company what service choices need to be made. The service expert will certainly be able to provide guidance as to brand-new innovation the little company proprietor is not taking benefit of.
He or she can reveal the little service exactly how to carry out cutting-edge service strategies. These methods might have never ever been prior to idea of by the little organisation proprietor. It is up to the service expert to reveal the little company what will certainly function as well as what will certainly not function for the organisation.
A great service expert will certainly be able to incorporate these vital components right into a strategy of activity for the little service. The service expert can act as the intermediary in between the little company as well as the consumer to establish if the demands of the consumer are being satisfied.
The small company as well as it’s clients can gain from the expertise a service expert offers the table. The included expenditure of a service expert can considerably elevate the revenues of a local business. When it comes to a tiny company, it is worth investigating whether a service expert will certainly be able to utilize his or her abilities.
The service expert can really come in and also establish what the tiny organisation proprietor can do to broaden his or her organisation. The company expert might be able to recommend factor of sale earnings not assumed of by the tiny service proprietor. The company expert will certainly be able to figure out as well as evaluate the tiny organisation what service choices ought to be made. It is up to the service expert to reveal the tiny service what will certainly function as well as what will certainly not function for the organisation.
The included expenditure of a company expert can substantially increase the revenues of a little service.
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