Building corporate credit is a lengthy process and painstaking but luckily for you we have built thousands of business credit profiles. In order to build strong and lasting business credit you will need to learn and master the basics of credit building to avoid unnecessary delays. Here is a brief checklist that helps you prepare your corporate credit in double quick time. This checklist has a number of important areas that you should look at with care and caution. 

 

1.1 – Determine Name

1.2 – Establish Entity

1.3 – Business Address

1.4 – Federal EIN

1.5 – Secretary of State Compliance

1.6 – Business Bank Account 

1.7 – Active State Records (Business License) 

1.8 – National 411 Directories Update

1.9 – Business Phone

1.10 – Business Website

1.11 – Professional Business Email

 

2.1 – Dun & Bradstreet  

2.2 – Experian Business Credit 

2.3 – Equifax Small Business Exchange 

 

3.1 – Establish Dun & Bradstreet Credit Profile

     – D&B Profile

     – Paydex Score

3.2 – Establish Experian Business Credit Profile

     – Experian Profile

     – Intelliscore Plus

3.3 – Establish Equifax Business Credit Profile

     – Equifax Profile

     – Payment Index Score

 

4.1 – Office Supplies

4.2 – Building & Industrial

4.3 – Major Retail

 

5.1 – Retail Card Providers

5.2 – Office Resources

5.3 – Building & Décor

5.4 – Fleet Cards

5.5 – No Personal Guarantors 

 

6.1 – Office Furniture 

6.2 – Telecommunication

6.3 – Computer Equipment

6.4 – Medical Equipment

6.5 – Large Machinery 

6.6 – Printing Equipment 

 

7.1 – Bank Rating 

7.2 – Bank CD Loan Program

7.3 – Participating Banks

7.4 – Public Records

 

8.1 – Merchant Cash Advance

8.2 – Line Of Credit 

8.3 – Term Loans

 

9.1 – Maintaining Your Great Business Credit Scores