Using net 60 vendor to fund your business is a great way to not only extend payment time, but also save your cash for unexpected expenses. As a bonus, if they will report your payments to the business credit reporting agencies, they can help you build your business credit.

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In our hurry up, get it done yesterday culture, business owners may understandably be looking for a shortcut or an easy fix.

The idea behind shelf corporations is that a startup, by definition, has little to no time in business. And, a startup often has few (if any) tradelines or other credit experiences.

So, rather than wait and build corporate credit the old fashioned way, a small business owner may be tempted to short-circuit the process by buying what’s called an aged shelf corporation.

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A small business owner with good personal credit scores can qualify for the Credit Suite Credit Line Hybrid. This is better than a standard business loan in that these credit cards are another vehicle for building business credit.

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A business looking for commercial credit will apply with their bank. The bank will check the company’s business profile.

For an unsecured commercial line of credit, the business will undergo much stricter scrutiny. This is because unsecured financing is more of a credit risk to lenders. Whereas for a secured commercial lending solution, the lender will check on the value of the collateral on offer.

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Most vendors do not report positive payment experiences to any credit bureau for small business. Yet they report negative experiences like late payments and out and out defaults.

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