Using Gas Cards to build your business credit

Just had a great call with Hugo M., one of our fellow Business Credit Workshop attendees. During the call he expressed to me some of the challenges he was having in obtaining more business credit. I gave some great info on that call and want to share some updates that may benefit all of you…

-Some additional companies that report to Dun and Bradstreet are: Valero Gas, Lukoil Gas, BP Gas (Business Solutions Fuel Card Plus). After following the steps in my system, use these additional companies to build additional positive trade lines that will report to Dun and Bradstreet (and other bureaus).

–When applying for Gas cards, mention you have 5 or more employees (can be projection) and that you have been doing business for 2 or more years. This will eliminate the personal guarantee. Give a monthly average amount that you spend on gas. Usually around $400 – $800. Or perhaps less for many people. If you only have one car, then only list 1 fleet car. If you have 2, list two. This is regardless of how many employees you have.

Another note that we discussed:
-Reliable.com will not give you a NET account if your address is UPS box, or mailbox etc account. Remember, you cannot run a business out of a ups building! Get a real office, shared office (we have some available with mail forwarding – call 888-218-6354), or use your home address followed by a suite # as we covered prior.

This post is really geared towards my past students. If you are confused; that’s ok. I am having a full day workshop coming up that explains all the details of obtaining business credit step-by-step. I also offer 1on1 consulting… Call my office to enroll at 888-218-6354.

Thanks guys, I hope this helps! If you need more help, please post below and let me know. If this post has helped you, please comment and let me know too!