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8 Steps to Building Your Business Credit

Strategy Driven

You should also know that each of the main credit bureaus for businesses, Dun & Bradstreet, Experian and Equifax, all have their own set of criteria when scoring a business’s credit. This means opening a bank account and getting a business credit card as well. Get a DUNS Number. Open Multiple Credit Accounts.

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The 5 Easiest Ways to Build Business Credit

Women on Business

Whatever you do, don’t operate your business on your personal credit. 2- Get a business bank account – Banks prefer to provide a business line of credit to a company that has a positive financial track record. To apply for business credit, you will usually need a business bank account that is at least 2 years old.

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8 Steps to Building Your Business Credit

Strategy Driven

You should also know that each of the main credit bureaus for businesses, Dun & Bradstreet, Experian and Equifax, all have their own set of criteria when scoring a business’s credit. This means opening a bank account and getting a business credit card as well. Get a DUNS Number. Open Multiple Credit Accounts.

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Businesses Are Getting Used to the Consistently Inconsistent Economy

Harvard Business Review

An extreme version of this is Stockholm syndrome , so named after a Swedish bank robbery in 1973, in which after only five days of being held hostage, the victims identified with and defended their captors. Today, the environment in which businesses must operate has become consistently inconsistent and predictably unpredictable.