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Tier 2 Business Credit Vendors – Your Next Level Up

November 14, 2023
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Tier 2 contains those vendors that you should qualify for accounts with after you have enough tier 1 business credit vendors reporting. 

Honestly, these vendors open up a whole new range of purchasing power.  

After all, they sell things you can use and have excellent customer service. However, when it comes to building business credit, their main purpose is to get initial accounts reporting to begin building business credit score and a payment history.

Truly, there are more tier 2 vendors than there are tier 1. Yet, they will not approve you for credit without at least some business payment history, or a personal guarantee (PG). By starting with tier 1 vendors, you can often avoid using a personal guarantee in tier 2.

Get Your Free Business Finance Assessment to Discover your Optimal Path to Improve Fundability™, Build Business Credit, and Get Business Loans

Choose a Tier 2 Business Credit Vendor From Our List

NAMYNOT

NAMYNOT Inc. is a digital marketing firm. They report to the Dun and Bradstreet credit bureau. Their Business Bureau Reporter software helps businesses report to the CRAs.

They help businesses grow their marketing strategies in the disciplines of content, video, web, mobile, and more. The NAMYNOT Inc. portfolio of work features a variety of projects from an array of clients. 

Their service areas include content marketing, search engine optimization, video production, lead generation, social media management & marketing, email marketing, and more.

A small business owner can order website design upgrades with NAMYNOT.

To qualify, you will need:

  • An entity in good standing with Secretary of State
  • A business credit history 
  • EIN
  • Business address- matching everywhere
  • D-U-N-S number
  • Business license- if applicable
  • Separate, dedicated business bank account
  • Business phone number listed in 411 directory
  • At least 90 days in business
  • A small business must have a good D&B PAYDEX score of 80 or higher
  • Your small business must have a completed professional business website
  • The business must have no negative payment experiences reported to any business credit bureau

Apply online. Terms are Net 30.

Remember, if you work through the Business Credit Builder program, starting with tier 1 vendors, you will likely have the business payment history and business credit score you need.

Office Garner

Office Garner is a small business that sells office materials and supplies with Net 30 terms. Buy now, pay later within 30 days. We offer top quality goods for office and personal needs. These trade lines report to Equifax Business and Credit Safe. Reporting occurs on the  15th of every month.

Get same day shipping for most orders placed by 12pm EST. Free shipping for orders over $125.

There is a one time membership fee for Net 30 membership which is $69. Rejected applications will be fully refunded.The membership fee will not be reported to credit bureaus, only the Net 30 account purchases.

The purpose of the membership fee is for maintaining an account.

Within 72 hours their underwriters will process a net 30 business credit application and inform you of their decision.

Under Net 30 terms, the minimum purchase is $45.

Qualification requirements include:

  • An entity in good standing with Secretary of State
  • A business credit history 
  • EIN
  • Business address- matching everywhere
  • D-U-N-S number
  • Business license- if applicable
  • Separate, dedicated business bank account
  • At least 90 days in business
  • Business address with D&B must match with Secretary of State (SOS) and IRS records
  • The business must have no negative payment experiences or delinquencies reported to any business credit bureau

Apply online.

Home Depot

Obviously, Home Depot provides products and services for home improvement needs. These products can also be used for improving a small business.

Their Commercial Revolving Charge Card offers your business payment flexibility. Even better, this credit card also provides a boost to your business credit profile by reporting to Dun & Bradstreet, Experian Business, and Equifax Business.

This business credit card is offered at net 30 or net 60 terms.

The only necessary qualification in addition to basic Fundability Foundation™ elements listed above for Commercial Account with Pay in Full Terms is at least 3 years in the business.

If a small business has no established business payment history, the entrepreneur can apply with a Personal Guarantee(PG). But Home Depot will do a hard pull on personal credit.

Additional qualifications for a Commercial Revolving Charge Account:

  • There is no minimum time in business
  • A Personal Guarantee (PG) is required for the revolving charge account, which will affect your personal credit

With both cards, a small business owner can apply online or at a store. 

There are only a few parts of the United States that do not have a large number of store locations. 

These areas include North Dakota, South Dakota, Montana, Idaho, Minnesota, northern Alaska (locations near Anchorage are likely a plane ride away from Nome), and the island of Hawaii.

Maverick Office Supplies

Maverick Office Supplies offers business documents, courses, training, educational videos, office supplies, and office furniture. They are a small minority-owned business. 

They report to Equifax Business, Cortera, and Credit Safe, and the terms are Net 30. No personal guarantee is necessary.

They will not ask for an entrepreneur’s Social Security Number. Only a business TAX ID/EIN is necessary. There is no membership fee.

Their lines of credit can be used for everything included in the package you have chosen on their Tier 1 page. Their credit line can also be used to cover administrative fees or membership fees for Maverick’s business building services.

To qualify, a small business will need to have:

  • An entity in good standing with the Secretary of State
  • EIN
  • Business address- matching everywhere
  • D-U-N-S number
  • Business license- if applicable
  • Separate, dedicated business bank account
  • At least 90 days in business

Apply online. Fill out a business application and create an account. Make a purchase of $80 or more to activate your trade credit, and pay your invoice within 30 days. For their best tip for building business credit, be sure to always pay your invoice within 15 days.

You can pay either online through your credit account on their website or mail a paper check to their Syosset, New York office. 

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Is a Personal Guarantee Bad?

No, it’s not necessarily bad. Still, it may not be something you want to get into. If you use a personal guarantee to build business credit, and your business cannot pay its obligations, you will be personally liable for the debt.

It’s best, if possible, to limit the use of a personal guarantee. When it comes to large, traditional business financing, you will not have a choice. A personal guarantee will almost always be required. So, when you can get financing without one, go for it.

Now, here are some examples of vendors that fall into tier 2. All vendors require the basics of a Fundability Foundation™ for approval.  This generally includes:

  • Entity in good standing with Secretary of State
  • EIN
  • Business address- matching everywhere
  • D-U-N-S number
  • Business license- if applicable
  • Separate, dedicated business bank account
  • Business phone number listed in 411 directory

Some vendors have additional requirements as well to qualify and build business credit.

Get Your Free Business Finance Assessment to Discover your Optimal Path to Improve Fundability™, Build Business Credit, and Get Business Loans

How to Use Vendor Credit to Prepare for Inflation

Obviously, money doesn’t go as far when inflation takes hold. But, by having net 30 vendor credit available to use, you can buy things you need before prices rise, or rise further. 

To beat inflation, use a vendor tradeline to buy the things you need regularly while prices are lower, and you’ll be ahead of the game, even if your cash flow fluctuates.

This form of financing can save your personal credit score, enhance a business credit report, increase an already good credit score, add another net 30 account or even several trade lines, and add another credit card to your business credit report with credit agencies.

Business credit goes beyond Tier 2. If you want more information on the tiers, check these other articles out:

Here’s the next article.

About the author 

Faith Stewart

Faith has a BBA with a major in Accounting, and a combined 20 years of experience in the fields of finance and account.

Before switching to writing, she spent 10 years working in various areas of small business and personal finance and accounting, including working as a public auditor at BKD, LLP, Financial Director at Central Arkansas Development Council, and Commercial Credit Analyst at Farmer's Bank and Trust.

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