Build Business Credit Fast E-Book

So, you guys want the scoop on building business credit with just using your
E.I.N.? Well, you've come to the right place!!! I'll show you what I know and how I
opened over 22 accounts with just using my E.I.N.

Step 1: You have to acquire an E.I.N. from I.R.S. Click the link here. It's totally
free to acquire an E.I.N.
https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-
employer-identification-number-ein-online

Side notes:
You can get business credit under any type of entity but looks better if you are a
Corporation or LLC.

Make sure you have a name for the business and that name is available.

Use an address that's not a personal home address. Most creditors want the business
to be separate from personal. If you don't have a business address, consider a
virtual office. I got my mines at www.anytimemailbox.com, www.regus.com or you try
www.alliancevirtualoffices.com

Step 2: Get your business incorporated at your local Secretary of State. Here's 5
reasons why you should http://www.foxbusiness.com/features/2013/01/31/five-reasons-
why-small-business-should-incorporate.html

Side note:
Open a business banking account. I personally use www.chase.com It's important
because some creditors will ask for bank statements as you build up your business
credit.

Step 3: Most important step is acquiring a Dun & Bradstreet number. Without this,
you CANNOT get business credit! Dun & Bradstreet is the credit reporting agency for
businesses along with Equifax & Experian Commercial. You can go to
https://iupdate.dnb.com/iUpdate/viewiUpdateHome.htm

Acquiring a Dun & Bradstreet number is totally free. It will take up to 4 weeks.
They do charge a small fee to have it expedited.

Side notes:
You can pay to have all the steps above done by a few online companies like
www.legalzoom.com & www.creditsuite.com

Sign up with www.nav.com for only $25 a month to monitor your personal and business
credit.

Step 4: Get a website for the business. Most creditors want you to have a website
for business. I personally use www.godaddy.com but there are other companies as
well. They have templates in place that are user-friendly.

Step 5: Get a toll free & fax number. Again, most creditors want the business to
have a number that's not a personal cell number. I use www.onesuite.com It's a pay
as you go service. So, no monthly fees! Or you can use www.grasshopper.com. They
charge a monthly fee but you can customized your number.

Step 6: Once you've established aforementioned, you can start applying with
different creditors/vendors.

Side note:
Start off with smaller companies like www.uline.com www.grainger.com &
www.quill.com

Call them and say you want to open a Net 30 account. Here's a small article
defining what Net 30 accounts are. https://en.wikipedia.org/wiki/Net_D

In some cases, they may want you to purchase something first . If so, go ahead and
do so by buying something small and cheap. After that, you should be able to get a
Net 30.

****Try to open at least 5 accounts to generate a Paydex score!!!!***

After you established your Net 30 accounts, go ahead and buy something under the
new accounts. You'll have 30 days to pay if off after a successful purchase order
P.O. I suggest paying it off once your item has been delivered. Once this is done,
then you'll established what's called a Paydex score. Paydex score is similar to
your Fico score but for businesses. This is done by Dun & Bradstreet. Here's more
information on Paydex. https://en.wikipedia.org/wiki/Paydex

Step 7. Make sure to list your business with www.listyourself.net, www.google.com,

www.yelp.com, www.facebook.com, www.instagram.com, www.manta.com,
www.whitepages.com. They’re all free but will try to up sale you. There are other
sites as well but most them cost to do so like www.yext.com. If you have the extra
funds to list with them, I would highly suggest you do so.

Once you've done all of this, you will have a successful business profile! There
are more tiers once you’ve graduated from the first tier vendor accounts. Keep
going! I hope your business endeavors are truly successful!