How to Establish Business Credit

Apply for a business loan: fundera.com/apply-for-a-loan#/questionnaire

In this video we’re going to explain how to establish business credit. A business credit score is required if you wish to acquire financing, obtain a business credit card, or be seen as reputable by vendors and suppliers. A good business credit score indicates that your business manages its finances responsibly, while a bad business credit score could be prohibitive to your business’ growth. By the end of this video, you’ll not only know how to establish business credit, but also what you need to do to make sure your business credit score remain strong.

Here are the steps to establishing business credit:

Step 1: Register your business (1:42)

Step 2: Obtain an EIN (2:10)

Step 3: Open a business bank account (3:01)

Step 4: Establish a business address and phone number (3:52)

Step 5: Apply for a Business DUNS Number (4:30)

Tips for boosting your credit score (5:18)

We also have a video on how to repair your business credit score: youtube.com/watch?v=Nilr5anwmEY