build business credit

You have a great deal of options when it involves getting business credit for trucking companies.

When you have solid business credit, you have access to funds to do the things you need to do in the course of normal business. Not only that, you can handle any issues that come along that require cash outlays larger than what your cash on hand can cover comfortably.

What makes vendors for business credit different than other vendors? The answer my surprise you. What’s even more surprising, it how hard the vendors are to find. We can help.

The main credit score used in the business world is known as PAYDEX. It comes from Dun and Bradstreet.

A business entity is a commercial, corporate and/or other institution that is formed and administered as per commercial law in order to engage in business activities, usually for the sale of a product or a service. Basically, an entity is what allows you the ability by law to conduct business.

The date you open your business bank account is a crucial one in the life of your corporation. The account opening date is the business’s opening date, far as lenders are concerned. A longer history is better.

There are a few different options when it comes to getting financing for your equipment. If you want an SBA loan, the 7a program will work. National Funding is an option when it comes to non-traditional lenders. For automobiles, a trac lease could be an option. 

Find out how the Business Credit Builder can help you build business credit and avoid these 3 major credit blunders.