Without business credit, it’s difficult to find financing to scale your operations. All sized brands can access funding with the right education. As a bonus to our previous article on net 30 vendors, which is one of the most popular ways to boost your credit score, here are two additional companies that report to Dun and Bradstreet (D&B).
When building business credit, the more companies that you purchase from and get credit from, the better (assuming that you are paying on-time, of course).
The quick audio below explains how to leverage these two added companies for more business tradelines and a higher credit score.
Menards is a competitor of Home Depot and Lowe’s that you may have heard of if you live in the Central United States. If you live near a Menards, you can go into a store and apply for a “Contractor Card” in your business name. The Contractor Card is basically a business credit card. If you make your payments on-time, Menards will report to D&B to help you boost your credit.
If you’re not located near a Menards, you might want to check out Lowe’s, which you can find in most regions across the United States. Lowe’s is another company that reports to D&B, which makes them a good fit for building supply and electronic purchases for your business. So, once approved and with on-time payments for your account purchases, you should see a rise in your D&B credit score.
Quick Tip: To understand what to expect from your credit terms with our lists of companies that report to D&B, look into who the underwriter is for the tradeline. In the cases above, Medards is underwritten by HSBC and Lowe’s is underwritten by GE Capital.