Let's talk about 4 Vendor Credit Lines every business should access
and that you need to be able to grow your business and grow your business credit at the same time.
So in this training, I'm going to talk about 4 of my favorite Vendor Credit Lines that you really
should be getting right now, we're going to talk about why you need them? How to get approved?
And how you can use them to expedite your business credit building if you stick around to the
end of this training, I'm even getting you access to free resources that can help you cut years off your
business credit building and condense it to only months we've got a lot to cover, so let's dive in.
So my first essential business credit line that you want to get is with Uline, I love Uline look
if you're just starting to build business credit ULine is one of if not the best starter vendors to
get going, and here's why? First of all they report to Dun & Bradstreet, which is one of the most
popular and biggest business credit reporting agencies, plus it's really easy to get approved
if you set up your business where you built a fundable foundation which I easily covered a lot
of other additional trainings then you can easily come in and get approved with Uline right from the
beginning even as a new business even if you have no other credit reporting on your business credit
reports plus Uline sells like a million products and a lot of it is shipping supplies and things
that you're going to need in the growth of your business anyways, so you can get a starter vendor
account that really helps you ease cash flow to buy the stuff that you need to buy and buy
it on credit and they report that credit to the business credit reporting agencies helping you
establish your initial business credit profile and score. Now my second essential credit line that you
want to get is with Wex now, I love Wex because wex is behind a lot of different kinds of fleet
credit cards now look if you do anything with a vehicle in your business, especially if you're
in the transportation side, you're going to love Wex accounts Wex accounts first of all report
to multiple reporting agencies, a lot of fuel cards you get report to Dun and Bradstreet Equifax and
Experian now this is important because the more payment experiences you have, the faster you can
build business credit the payment experience is the reporting of an account to a reporting agency.
So with Wex you have three payment experiences with one account so just by getting one
fuel card you oftentimes can build accounts with D&B Equifax Experian at the same time helping
you expedite business credit building plus Wex is going to give you an account right from the
beginning of building business credit, that's right is you can use Wex as a starter account now don't
get me wrong if you're just starting to build your business credit, Wex often times can require
a personal guarantee and a $500 deposit to give you an initial starter account, but if you wait until
you have about 5 to 8 payment experiences wex will easily approve you for a high limit
account without a personal guarantee and credit check, I love that flexibility I love being able to
use them to start building business credit or to use them after you've already had some of business
credit established to avoid the guarantee and the credit check and I love the fact that you can use
these fuel cards to fuel one vehicle or a fleet of vehicles just makes it easy to be able to ease
cash flow requirements and easier to give you the credit line that you need to be able to build your
business. The third essential vendor credit line that you should have is Amazon, look there's not a
lot of things you can't buy on Amazon right, almost any of us entrepreneurs can use Amazon to buy the
stuff we need to buy to either launch our business or to continue to grow our business what I love
about Amazon is Amazon is one of the initial business credit accounts you can get just you
start building business credit now, don't get me wrong, you want to start with accounts like Uline
initially and get about five payment experiences on your business credit reports, but once you have
those five you can move right on to apply for an Amazon corporate credit card and oftentimes
get approved for 10 15 20 we even have clients get $30,000 limits a month to two months into the
process of building business credit imagine that imagine just starting and launching a business
getting initial accounts on your business credit reports and a month or two months in getting a 10
to $30,000 credit line with Amazon and a lot of Amazon's credit lines are available over a net
30 to net 55 time frame, that means you have one to two months to pay back the actual credit line
you're getting with Amazon. I mean this makes it perfect for you to launch a business or to
be able to get the supplies that you need to be able to grow and scale the business plus Amazon
reports of the business credit reporting agencies, so not only are you getting a credit line to buy
the stuff you really need to buy to be able to grow your business and easing cash flow
requirements because you're able to use the credit with Amazon to fund the business and not rely on
using the cash flow and the money out of your bank account to do so, but you're also building
business credit at the same time, this is why Amazon is one of my top essential credit line vendor
accounts that you really need to have. My fourth essential credit line may actually surprise you
because it's actually through Brex, now what's interesting about Brex is Brex has tools to help you
easily manage cash flow look it's something that even startup businesses need because when you're
starting a business, you don't usually have accounting help from CFOs and Controllers and
Accountants even Bookkeepers at that point but Brex makes it really easy for you to manage the
expenses of the actual business, and it makes it easy for you as you hire employees to keep an eye
on them and manage their expenses as well, so not only is it a phenomenal cash management tool but it
also integrates with a lot of core accounting systems that your accountant is going to use in the
future anyways and it helps you build business credit that's right, just by getting an account with
Brex you actually get an account that reports to Dun & Bradstreet they give you the equivalent of
like a cash debit account with them and the more you funded that account the higher the credit
limit appears on your business credit reports as a matter of fact, this type of account can give you
a limit five times higher than the average high limit business credit account, why does that matter?
It matters because the highest limits the highest amount of credit you're being issued that shows
on your business credit reports means that future credit issuers are going to give you even higher
and higher limits, So if you want to get high limit business credit cards, well then you need to have
high limit accounts on your business credit reports and Brex gives you a shortcut to get
this done. So use Brex to actually manage your expenses to build your business credit and
use all 4 of these essential vendors to be able to expedite your business credit building ease
cash flow requirements to make it easier for you to get the most amount of money for your business
at the absolute best terms. So if you want the shortcut if you want the secret resources that
are going to help you through this process build business credit quickly get through all
the terrible advice that's out there and be able to get the most amount of money at the best terms
check out the link in our bio we have resources that will help you do
just that help you succeed at business credit building even condensed years of
business credit building to only months and by the way, if you've got value from this training
make sure you like and subscribe and keep your eye out for our next training where we
talk about more cool ways to get the money you need to start and grow your business.