Hey everybody its Ty Crandall here with Credit Suite and in this video I'm going to teach you how
to build business credit really quickly. So by the end of this video you're going to go the exact steps
for you to quickly build your business credit and be able to obtain the credit without a personal
guarantee and without a personal credit check. So let me explain to you how this works when it
comes to business credit building it's all about how long it takes accounts to report so a lot of
people ask me how long does it take to build my business credit? My answer is usually the same
how long does it take you to build your consumer credit if you think about it it never ends when
you're building credit, you're going to continue to obtain more and more credit and the more credit
you obtain the more credit becomes available to you, but a lot of people want to know how
long does it really take to get to a high limit store credit card like Amazon or Walmart how long
does it take to get a cash credit card like Visa or MasterCard or to get auto financing
or even to get fleet credit to get fuel repairs and maintenance of vehicles. Well the answer to
all those depends on how long or how many accounts you're obtaining along the way. So let me
break it down and explain to you so when you first are building business credit the very first thing
you're going to do is get initial accounts and add them to your business credit reports. Now a lot
of people think they already have established business credit only be shocked or surprised
that they don't, the reason for this is is that 97% of trade vendors don't even report the credit you
have to the business credit reporting agencies. So you could very well have a lot of credit
with trade vendors but they're not reporting the credit which means you're not getting credit for
it on your commercial credit reports. So how do you fix it? We have to be very intentional when
it comes to business credit building meaning you have to go out and get accounts that you
know report and attentionally get those accounts use those accounts and pay those bills knowing
you're doing so to build your business credit. Now luckily there's a few different ways you can do
this if you have good personal credit or you have a guarantor that has good personal credit well
go to creditsuite.com/getfunding. At creditsuite.com/getfunding
you're able to actually get approved for unsecured credit lines that report to the
business credit reporting agencies. So the awesome thing about this is you're able to get up to
a 150,000 in real credit lines while building your business credit, and all that's
needed is good credit from you or a guarantor for approval, but let's say you don't have good credit
or you what a sign as a personal guarantor or have somebody that will. Then you can easily come in
and use vendor accounts to build the initial business credit. Places like Uline, Quill, even
Gemplers will offer you business credit without a personal guarantee and without a credit check, you
simply go into those places online you find things you want you put them in your car you choose to be
invoiced upon check out and you can actually be approved for initial credit accounts. Now once you've paid
those bills they report to the business credit reporting agencies and here is where speed comes
into i,t some of these will report quarterly every 90 days some will report monthly so when you want
to build business credit quickly you need to ask the credit issuers you're getting especially these
vendors when they actually report the credit. If they're telling you it's going to take 90 days
or longer you maybe still want to use that credit but you also want to get other credit
that reports faster because the faster those accounts report the quicker you can move to
the next tier of credit, and once you have about 5 of these accounts reporting then you want
to start go getting real revolving credit. This is a places like Staples and Office Depot, Home
Depot, Lowe's Sam's Club, Costco, even Walmart, and Amazon offer business credit without a
personal guarantee and without a personal credit check. So with about 5 of these other accounts
reporting you're then able to move in and start getting those accounts, oh I forgot one important
details if you don't want to use vendor accounts or you don't want to use good personal credit to build
your initial business credit you can also go to creditsuite.com/monitoring and
at creditsuite.com/monitoring there's another really cool option we have where you can
take existing accounts you have and add them to your business credit reports, you could take things
like utilities like water electric gas you can even take your cell phone and atom. So no matter
which path you choose vendor accounts getting a guy guarantor using good credit to get credit
lines, or adding accounts you already have once you have those 5 accounts you move on to
revolving store credit as you start to get more revolving store credit. Then you can move on to the
next tiers. So when you have about 8 to10 accounts reporting then you can move on to Fleet
credit and if you have about 14 accounts reporting on your business credit reports then you can get
auto financing or you can also get cash credit Visa Cards MasterCards even American Express so the
key to building business credit quickly is to apply and get more credit that you need in any
one of these tiers, the more credit you get the better chance you have of them reporting this
credit quickly within 30 days or less, and when that credit reports then you can move on to the
next tier of business credit building. If you'd like more tips on building your business credit
visit us online, creditsuite.com and if you go to creditsuite.com you'll seem to have an
awesome free guide right on our home page that will help map out the steps more in-depth to build
your business credit, and at the top right of our page you can even access our social media links
where we have all kinds of additional free training on how you could build business credit for your EIN
that's not linked to your personal Social Security Number. So check us out online at creditsuite.com