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How to Establish Good Business Credit

Member
By dovinea
User-Submitted Article
(1 Ratings)

Good business credit is a must for anyone wanting to build a strong business. These simple steps are a great way to get started.

Difficulty: Easy
Instructions
  1. Step 1

    Obtain a federal tax ID number. This ID number will start out as a brand new credit report and allow you to build a good rating fast.

  2. Step 2

    Use this number when setting up all accounts for your business (instead of your Social Security number) including credit cards, telephone, internet and other utilities.

  3. Step 3

    Pay all bills on time. Even one late payment can become a penalty on your credit report.

  4. Step 4

    For more information and ways to build your business credit, visit the link provided below, under the resources heading.

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