Office Garner is a small business that sells office materials and supplies under Net 30 terms. In other words, it offers a ‘buy now, pay later’ plan with the requirement of paying the owed amount by 30 days after purchase.
Before delving deeper into Office Garner, let’s first clarify what a Net 30 vendor is—precisely what Office Garner represents—and whether it aligns with your needs.
What is a Net 30 Vendor, and Who Needs It?
A Net 30 vendor can be defined as a service provider or supplier that sells goods or services with payment terms in which the invoice is due within 30 days of purchase. For a simpler description, purchasing from a Net 30 vendor means the invoice must be fully paid within 30 days.
Transacting with a Net 30 vendor can be quite beneficial for your business, no matter its size and industry. For one, the payment arrangement gives small business owners, especially startups, some flexibility when it comes to managing their expenses and cash flow. It also benefits freelancers and independent contractors, particularly those who require equipment, tools, or supplies for their projects.
Net 30 is also useful for nonprofit organizations, which typically operate on tight budgets. With the help of a Net 30 vendor, a nonprofit can procure goods or services without straining its finances.
Payment arrangements are quite common in the business-to-business environment (B2B). Companies can obtain the needed supplies even when they do not have the money to pay them. As long as you make timely payments, you not only create a good relationship with the vendor but also build and strengthen your business’s credit profile.
An Overview of Office Garner
Now that we have discussed what a Net 30 vendor is, it’s time to talk about Office Garner, which operates under the mentioned payment arrangement. Office Garner claims to offer top-quality office supplies, including calculators, mail supplies, workspace organizers, and more.
Office Garner has apparel for men and women, business cards for branding improvement, and houseware like blankets, pillows, and towels. You can also find drones, headphones and their accessories, smartwatches, and cell phone cases.
Office Garner promises a diversified selection of products you can purchase on the company’s website. Shipping is guaranteed to be quick, although results may vary depending on the location and other factors. Nevertheless, the company has a network of 52 warehouses, which is why it is easy for Office Garner to distribute products much quicker and more efficiently.
Details about Office Garner as a Net 30 Vendor
Applying for an Office Garner Net 30 account is fairly straightforward. Some of the required information you must provide includes the following:
- Your business’s legal name and complete address
- Phone number
- Date the business was established
- Your name if you are the owner
- The type of organization
You may also have to provide your business’s website if you have any. Office Garner asks that you provide your Employer Identification Number (EIN), a common requirement with almost every Net 30 supplier or vendor. The EIN is a unique nine-digit number assigned to you by the Internal Revenue Service (IRS) for tax identification purposes.
It is optional, but we recommend that you give your Data Universal Numbering System (DUNS) to Office Garner. This unique nine-digit identifier from Dun & Bradstreet is mainly utilized for business credit reporting and risk assessment. Many lenders and suppliers, such as Office Garner, request that you provide your DUNS Number to evaluate your reliability and creditworthiness as a company.
Like DUNS, you can also provide your CreditSafe number so that your timely payments can be reported to the business credit reporting agency called CreditSafe Group. This organization provides business credit reports of companies across the globe, helping lenders or other companies assess the creditworthiness of potential business partners or customers.
Pros of Office Garner
There are a number of benefits that you can enjoy when you buy your office materials, supplies, or equipment from Office Garner. Here are reasons why you may want to pick this Net 30 vendor:
The requirements are pretty simple, including EIN and the fact that you have been operating for at least 30 days.
Your Net 30 account can receive a maximum of $1,500. This means you can access credit of up to $1,500 from Office Garner.
Under the Net 30 payment term, you have 30 days from the date of purchase to pay the invoice. For example, you purchased $300 in office supplies on October 1st. You should pay the amount owed or the invoice by October 31st; otherwise, you will be charged interest and penalties.
Office Garner does not require a personal credit check. That means the company will not assess your credit score or history when extending credit terms. This is beneficial for startups and businesses, as the owner’s credit history may not accurately represent the business’s creditworthiness or financial stability.
This Net 30 vendor does not need a personal guarantee from you, the person making the purchase. A personal guarantee is a promise that you will pay back the debt in case your firm cannot fulfill the obligation.
Perhaps the biggest benefit here, especially if you are a small business trying to build your credit profile, is that Office Garner reports consistently to various credit agencies every month. These agencies are Equifax Business, CreditSafe, Ansonia, and the National Association of Credit Management (NACM).
Cons of Office Garner
Here are a few reasons why Office Garner may not be for you:
Membership fee is $79 yearly. It’s not too expensive, but other Net 30 accounts are much cheaper.
Startups that have been operating for less than 30 days are not qualified.
Office Garner expects your business to have a clean or positive credit history. The credit report should not include derogatory items or negative marks, including late payments, bankruptcies, and defaults.
There is a minimum purchase amount, which is $45.
You can only use a portion of your credit limit for purchases. Therefore, even if you get approved for the highest credit of $1,500, you can only spend $600.
While your spendable credit may be low, the good news is that the credit amount you can use for purchases can increase after two orders. However, it is still essential to make sure that you always pay in full on time.
Is Office Garner for You?
Choosing Office Garner as your Net 30 vendor for office supplies and materials involves careful consideration. Make sure to identify your business needs. Are there products from this vendor that your business will benefit from? How frequently should you replenish those items?
Office Garner promises to provide quality goods at attractive prices. Before you pick this vendor, make sure that you compare item prices and quality from other similar companies. Also, read about what other customers say, mainly regarding delivery times. The last thing you want is a company that not only delivers late but is also costly.
If you believe that Office Garner is a suitable Net 30 vendor, you can apply for an Office Garner Net 30 account by going to https://officegarner.com/about-net-30/ Click on the “Apply for NET 30” button to start.
Building your credit profile is essential, which is why a Net 30 vendor’s credit reporting practices should be one of the factors you must consider. Office Garner reports payment history to business credit bureaus, including Equifax Business and CreditSafe. Fully paying the invoice on time can help build your business profile quicker than you expect. Be consistent with the payments and strengthen your profile by working with other Net 30 vendors that report to the credit bureaus.
If you are looking to fast-track building your business credit history, sign up and become a member of Business Credit Workshop. Here, you can access an easy and quick action plan to build or rebuild your business credit profile successfully.