Did you know that you can get approved with vendors even with no previously established business credit? Even if you have tried to previously build business credit and it failed, there are vendors out there who sell supplies your business needs. This article will reveal the secrets to getting approved, even if you can’t get any other form of financing. Your business can receive funding, regardless of your cash flow, credit quality, and collateral.

When referring to business credit, we are referring to credit you are building for your business EIN that is not linked to your personal social security number. Consumer credit is built with TransUnion, Equifax, and Experian, while business credit is built in a separate profile with Dun & Bradstreet, Equifax, and Experian. A separate business credit profile provides many advantages for your company, such as doubling your borrowing abilities with credit card loans. Building a new credit profile and score specifically for your business will qualify you for all kinds of revolving credit, making financing much easier. Per the SBA, credit limits are 10 to 100 times higher for business credit accounts than consumer credit. This results in a faster outlet to build an initial profile and score in less than 30 days.

Uline is a credit vendor that sells shipping supplies you need to expand your company. Uline will give you business credit approvals even if you have no other credit on your business credit report and have never reported to the business credit reporting agencies. Uline will give your business a credit line that reports to Dun & Bradstreet and Experian. That means your business will be gaining two payment experiences in one. Once you have five payment experiences, you can start getting revolving credit at major retailers. Uline requires that your business has an entity, EIN, license, and phone number listed with 411.

Grainger is a vendor that sells outdoor supplies for companies, such as first aid kits and batteries. Grainger reports to Dun & Bradstreet, which is the largest of the credit reporting agencies. You will need at least three accounts with Dun & Bradstreet before they create the credit profile and score. If you already have a business license, Grainger will automatically give you a $2000 to $25000 credit line. Having a company license in your county and state helps your business get a high limit approval right away, and continues to assist in future approvals from other credit sources. Grainger requires that your business has a DUNS number, congruent online listings, phone number listed with 411, EIN, and an entity.

SupplyWorks is owned by Home Depot and sells building materials and supplies. SupplyWorks reports to Experian, which is most commonly used by credit card users. SupplyWorks requires that your business has a DUNS number, phone number listed with 411, EIN, entity, and a bank reference. In order to acquire a bank reference for your company, you must have a business bank account set up.

Wex offers fleet credit cards to fuel and repair vehicles. If your business is in the transportation industry, Wex could be especially beneficial for your company. Wex reports to Dun & Bradstreet and Experian, giving your business two payment experiences. Wex requires that your business has a DUNS number, a phone number listed with 411, a corporate entity, congruent online listings, and EIN. Typically, they may want a $500 down payment and personal guarantee if you don’t have any initial accounts on your credit report. If you do not have any initial business credit accounts, it may not be in your company’s best interest to begin building credit with Wex.

Phillips 76 has gas stations established all over the United States. They offer fuel and vehicle repair maintenance for businesses. Phillip 76 reports to Experian and Dun & Bradstreet. Similar to Wex, they may want a $500 down payment and personal guarantee if you don’t have any initial accounts on your credit report. If you do not have any initial business credit accounts, it may not be in your company’s best interest to begin building credit with Phillips 76. Phillips 76 requires that your business has a DUNS number, phone number listed with 411, EIN, entity, and a bank reference. In order to acquire a bank reference for your company, you must have a business bank account set up.