One of the easiest ways to build business credit is by acquiring a Net 30 account. With such an account, you can establish your credit profile in 30 days. Since it typically involves tier-1 vendor tradelines, often dealing with large corporations or companies with a strong market presence, you can gain access to an account even with little credit history for your business.

This is where HD Supply comes in. HD Supply is a leading provider of maintenance, repair, and operations (MRO) products and services. With over 40 years of experience, the company has a good reputation for reliability, innovation, and quality, which is why it has become one of the trusted partners of businesses from many industries. There are also 40+ distribution centers in 25 states, making delivering quality, branded, and proprietary products right to your office or business address easy and quick.

You can choose from a diverse range of products at HD Supply, from HVAC to plumbing to janitorial supplies. The online platform is also where you can purchase building materials and tools for your next project. HD Supply caters to the needs of industry professionals, including contractors and facilities managers, providing necessities for the maintenance and upkeep of buildings, infrastructure, and commercial properties, among others.

HD Supply is also a top choice for many small business owners and startups because it offers flexible payment terms through the Net 30 vendor program. With this program, you can access a wide range of essential materials and supplies while deferring payment for up to 30 days. The company is known for giving customers valuable flexibility and cash flow management.

Let’s look at how HD Supply’s Net 30 vendor program works, its benefits, and how it can benefit your business’s procurement processes.

Contents

• An Overview of HD Supply’s Net 30 Vendor Program
• Product Range and Quality
• Pricing, Payment Terms, and Conditions to Be Aware Of
• FAQs

An Overview of HD Supply’s Net 30 Vendor Program

HD Supply’s Net 30 program is designed for businesses to benefit from the flexibility and convenience of purchasing essential supplies and tools while delaying payment. This gives them the ability to manage their cash flow efficiently.

The program comes with the following key features:

• Flexible Payment Terms: You can pay purchases within 30 days of invoicing, letting you access products without providing immediate payment.
• Extensive Product Range: There is a comprehensive variety of products in numerous categories, including appliances, cabinets and countertops, linens, HVAC, and plumbing. You can also purchase electronics, furniture and décor, and gas products from the online shop.
• Broad Range of Services: HD Supply also provides custom products, from bi-fold doors to bypass doors, as well as rekeying services, bathroom vanities, window screens, and custom paint. Other services include renovations, financing, online solutions like e-procurement, online payment services, and many more.
• Simplified Procurement Process: The Net 30 vendor program from HD Supply helps streamline buying and obtaining needed materials for your business. You can then place orders conveniently and receive your invoice, which you can pay within the 30-day timeframe.
• Trusted Supplier: HD Supply is well-known for being a reliable supplier of quality MRO (maintenance, repair and operations) products and services that can support your operational requirements.
• Convenient and Efficient: The online platform makes it easy to place your order, track shipments, and manage any invoices you may have. You get to save time and effort in keeping up-to-date with your orders, allowing you to focus on more important business activities.
• Consolidated Purchasing: When you buy from HD Supply, you source a wide variety of products from a single supplier instead of purchasing from numerous other vendors. This approach simplifies the process, potentially reducing administrative costs for managing multiple vendors.
• Credit Building: Net 30 programs like the one from HD Supply encourage you to pay your invoices on time consistently. Doing so can help you build a positive credit history, which can potentially lead to increased credit limits and more financing options for your business in the future.

Having tradelines with a tier-1 vendor like HD Supply is advantageous to your business’s credit profile. That’s because it demonstrates a strong and reliable payment history with this reputable supplier. Many lenders and credit agencies consider these tradelines with tier-1 vendors, such as HD Supply, as favorable, particularly when assessing your business’s creditworthiness. It indicates that you have the ability to manage financial obligations responsibly.

This Net 30 vendor program can contribute positively to your credit profile and get the chance to increase your access to financing and favorable terms in the future. Head here to apply for an account.

The application form is quite comprehensive compared to starter vendors, (such as companies that are listed in this article).

You will need to provide the following information:

• Your business name
• Business physical and email addresses
• Contact numbers, including fax and phone
• Your requested credit limit or equivalent to your anticipated monthly spend
• Owner and management details
• Your name, job title, and other information
• Your bank account name, type, and number
• Specific purchasing instructions

You also have to upload documents, including tax exemption and credit sheet.

You must specify where to send invoices, whether via fax, email, or another option. Once completed, you can submit your application and wait for the response.

Product Range and Quality

HD Supply offers diverse products tailored to meet your needs, regardless of your business type and industry. There is a comprehensive selection of maintenance, repair, and operations (MRO) products, supplies, and materials, including:

• Appliances such as dishwashers, microwaves, trash compactors, and ovens
• Cabinets and countertops
• Cleaning and janitorial items, including trash cans and bags, dispensers, and floor equipment
• Doors and molding
• Electrical equipment, tools, and accessories, as well as conduit, raceway, and fittings
• Electronics like speakers, two-way radios, and TVs
• Food service supplies like cookware, dinnerware, and kitchen kits

More products are available, along with services, such as the following:

• Custom products like order forms, custom paint, signs, and custom-cut acrylic
• RenovationsPlus for renovation and building consultation services with dedicated expert and project manager
• Business services, including bin labels, customized reports, and strategic account management
• Order services to make tracking more straightforward, including package tracking, special orders, and appliance delivery
• Small business solutions, such as delivering nationwide the next day for free and flexible financing
• Professional training, including live classes and certifications
• Online solutions like electronic invoicing and online payment services

With all these offers, it is easy to see why HD Supply is often viewed as a one-stop shop for many businesses needing various supplies and equipment.

When it comes to quality, trusted companies like HD Supply always prioritize product quality to ensure their customers are happy. The company sources its items from reputable suppliers and manufacturers known for their durability and craftsmanship. Plus, HD Supply implements quality control measures on most of its products to assess and maintain product quality throughout the supply chain – that is, from procurement to delivery.

Pricing, Payment Terms, and Conditions to Be Aware Of

HD Supply provides competitive pricing on its products and services. The structure varies based on various factors, such as the type of product, quantity ordered, and other agreements. Be on the lookout for ongoing promotions and discounts to save more when buying supplies from HD Supply.

When it comes to building business credit, it can be an expensive strategy to use vendor tradelines. Some companies will ask for an application fee upon signing up for an account. Others will charge you a recurring membership fee so that you can continue to get access. But HD Supply is different. It is one of the few vendors that does not require any membership or application fees. All it needs is for you to pay the cost of the goods you buy, meaning there are no costs associated with this tradeline. Another great feature is that there is no minimum order requirement.

Now, on to the cautionary points:

• While there is no minimum order, this benefit only applies to your very first order.
• You will incur late fees if you do not pay off your balance on time.
• A minimum of $2 or 1.5% (equivalent to 18% per year) will be charged for all your past-due invoices.
• Not only will paying late cost you money, but it will also hurt your credit.
• You need good credit standing for your business; otherwise, your application will get rejected, particularly if you do not have existing credit.
• You can only pay toward your Net 30 account through a limited number of options: check, money order, ACH, and cash. This means you cannot use your credit card or any other payment method, which will incur a fee.

We hope you’ll consider our review about HD Supply’s Net 30 vendor program before you sign up. Having a Net 30 account with this company is an excellent choice, especially if you are a startup with a positive credit history or an established business. As it reports to Dun & Bradstreet, HD Supply is a great way to build your credit with this famous business credit bureau.

FAQs

What is HD Supply?

HD Supply is a leading maintenance, repair, and operations product distributor. You can also purchase construction supplies for use in a wide range of industries, such as hospitality, healthcare, government, and facilities maintenance.

How much does a Net 30 account from HD Supply cost?

Your HD Supply Net 30 account is absolutely free. However, you must be careful about the payment schedule to avoid late fees.

What are the benefits of applying for an HD Supply Net 30 account?

HD Supply reports to Dun & Bradstreet. You can also create an account even if you are a new business with no membership and application fees.

What can I buy from HD Supply?

HD Supply is where you can purchase industrial tools, equipment, supplies, and services to benefit your business.

What Does HD Supply Stand For?

It does not stand for anything specific as the company has been bought and sold and re-bought by Home Depot. But the company started in 1974 with the name of Maintenance Warehouse. In 2004, the name was changed to HD Supply.

Using NET 30 Vendors to Boost Your Business Credit

You may be looking to not only build a long term relationship with a vendor like HD supply but also enjoy the benefit of boosting your business credit score as well. We have a free report that can show you how to quickly build up your business credit score in just 30 days, click here to grab your copy.