business credit

How Helpful is CreditSafe for Building Business Credit?

Key Takeaways

CreditSafe is a business credit bureau but not widely used in the U.S.
Major U.S. lenders rely on D&B, Experian, and Equifax instead.
CreditSafe specializes in international credit risk assessment.
Companies like Neiman Marcus and Accenture use CreditSafe.
It does not report to major U.S. business credit bureaus.
Pricing is unclear and varies from $15 to $100+ per month.
You can request a free report by speaking with a rep.
It’s useful for global business but not essential in the U.S.

CreditSafe, like Dun & Bradstreet, is a business credit bureau. If you’re on a business credit building journey, you’ve likely seen the brand pop up in your research. But, how does CreditSafe impact your ability to obtain business credit? Where do they get their data? And, how applicable is the platform for small business owners?

Here, I’ll give you a rundown of what I’ve dug up about CreditSafe, share some of their features, and compare their small business relevance to other business credit bureaus.

This is what’s in store:

What is a Business Credit Bureau?
What is CreditSafe?
CreditSafe Competitor Overview
Frequently Asked Questions
Conclusion: Is CreditSafe Helpful to Build Business Credit?

Now, let’s jump in!

What is a Business Credit Bureau?

A business credit bureau is an agency that collects and maintains information about the creditworthiness of businesses. Similar to personal credit bureaus that track individuals’ credit histories, business credit bureaus collect and share data about businesses’ credit behavior and financial performance.

The key functions of a business credit bureau include:

Credit reporting
Credit scoring
Risk management
Business verification
Business credit monitoring

Overall, a business credit bureau is a valuable resource for businesses, lenders, and suppliers because it provides standardized data to support educated decisions and risk management practices.

What is CreditSafe?

CreditSafe is a global business intelligence company specialized in credit and business information services. They promote their offer to businesses of all sizes. The platform offers comprehensive credit reports and data on millions of businesses and business owners worldwide.

CreditSafe offers to help mitigate credit risk, improve cash flow, and identify new business opportunities with data-driven insights.

They provide business credit reports, with insights into:

Creditworthiness
Financial stability
Payment behaviors
Other relevant factors that can impact credit risk assessment

The CreditSafe algorithm calculates business credit scores based on the information in their credit reports – These scores help lenders and suppliers inform decisions about extending credit or forming partnerships. They also offer tools and resources to manage credit risk effectively—monitor credit profiles, assess risk exposure, and set fitting credit limits.

With access to information from various countries, CreditSafe can enable institutions to assess the credit risk of international partners and customers.

Some lenders and suppliers choose to rely on D&B for North American borrower risk assessment while using CreditSafe for international applicants.

Moreover, CreditSafe offers application programming interface (API) solutions that let institutions integrate credit data directly into their existing systems. Many companies rely on CreditSafe’s services to streamline credit management processes and make confident business decisions.

Let’s continue this exploration from the perspective of small business and corporate borrowers.

You might also like: eCredable: A Deep Dive Into the Business Credit Reporting Platform

How Much Does CreditSafe Cost?

As of today, CreditSafe does not advertise pricing on their website. In fact, you need to speak with a sales rep to even take advantage of a free trial of the back end.

However, I did some digging and found that Capterra claims a CreditSafe account starts at $100 per month. One BBB complaint from 2022 cites a $40 membership charge. I’ve seen other sources that say a membership starts at $15. None of CreditSafe’s 294 reviewers on Trustpilot have disclosed what they pay, but one user described the platform as “inexpensive”—At least one Redditor has said the same.

CrediSafe does offer a free trial. So, if you sign up, you can decide for yourself whether or not the information is worthwhile.

You might also like: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors]

What Does CreditSafe Do?

Apparently geared primarily toward lenders and suppliers, CreditSafe offers a handful of products in their member dashboard:

Domestic credit reports and company monitoring
International credit reports
Automated credit decisioning
APIs/ERP integrations with CRMs
Due diligence and compliance

Of these, I only see the first being applicable to small business owners. They do offer a free business credit report.

To get a CreditSafe business credit report and score, you need to submit a request through their website or contact their team directly. After that, a CreditSafe representative will call you to verify your request and ask what you’re looking for.

I went through this process myself, and submitted a few requests on behalf of a new business before I got a call back. This makes me wonder if they are quicker or more interested in potential lenders or companies with higher revenues.

When CrediSafe called me, I was expecting a hard sales pitch, but that didn’t happen. The rep just asked what I needed, and when I told them I wanted to see a credit report, they pulled it up and sent it over immediately—no pressure, no hassle.

If you’re requesting a report for a newer business, keep in mind that CreditSafe might not have much data, depending on what they’ve collected from vendors, lenders, and public records.

If you’re curious about what a CreditSafe report looks like for a nearly new business, here’s an example of the front page:

CreditSafe Example business credit report

If you wanted to monitor your business’ CreditSafe credit report, you could theoretically sign up for a membership and do so. I’ll wager this would cost somewhere in the realm of $15 to $40 per month, but you would have to speak to a sales rep to know for sure—it seems like their pricing varies.

You might also like: Business Credit Report – Run a Free Company Search | Experian

What Companies Use CreditSafe?

As far as lenders and suppliers go, there are 100,000+ businesses globally that use CreditSafe for lending decisions. They claim that the top 10 credit card issuers rely on their data.

CreditSafe’s platform is widely used by multinational corporations and financial institutions to assess business credit risk, particularly for international transactions. Companies like Neiman Marcus, Accenture, Hermès International, Cognizant, and Wipro leverage CreditSafe’s reports to evaluate global partners.

The database allegedly covers over 430 million businesses across 200+ countries, making it a strong resource for international credit evaluations. However, CreditSafe is not a primary player in U.S. domestic business credit decisions.

Major U.S. lenders and suppliers typically rely on:

Dun & Bradstreet
Experian
Equifax

This makes CreditSafe more useful for companies involved in global trade rather than small businesses looking to establish U.S. business credit.

If your business operates internationally or works with global suppliers, CreditSafe may provide valuable insights. But for domestic business credit building, focusing on bureaus that lenders actually check—like D&B, Experian, and Equifax—will be more effective.

You might also like: What is the SBFE & How Do They Impact Small Businesses?

CreditSafe Competitor Overview

Again, the three main business credit bureaus that small businesses rely on to build credit in the U.S. are Dun & Bradstreet (D&B), Equifax, and Experian. Another key player, though not a credit bureau itself, is the Small Business Financial Exchange (SBFE), which collects data and shares it with these bureaus.

CreditSafe is not typically used for business credit building in the U.S. Major lenders and suppliers do not rely on its reports the same way they do with D&B, Experian, or Equifax. However, it does appear in various resources, and some small business owners come across it while researching business credit.

Let’s peek at how these platforms compare for small business offers:

Starting Price	Free Business Credit Report	Free Business Credit Score
$0	✅	✅
$0	✅	⛔
NA	⛔	⛔
$99	⛔	⛔
NA	⛔	⛔

CreditSafe offers free business credit reports and scores through limited-time trials or partnerships.

D&B provides a free basic profile and DUNS number, but full reports require payment.

Equifax does not typically offer free business credit reports or scores—Access to this info usually requires that you apply for financing.

Experian offers business credit reports starting at $99 and up, while free reports or scores are not typically available.

SBFE acts as a data aggregator and does not provide reports or scores directly to businesses.

Another item worth mentioning is that, while the other bureaus provide financial reports on 25 to 40+ million businesses, CreditSafe doesn’t disclose exactly how many U.S. businesses they carry data on.

Frequently Asked Questions

Who does CreditSafe report to?

CreditSafe does not report business credit data to major U.S. credit bureaus like Dun & Bradstreet, Experian, or Equifax. Instead, it compiles business credit information from various sources and provides reports directly to its customers, which include lenders and suppliers.

What is CreditSafe used for?

CreditSafe is primarily used for business credit risk assessment. Lenders, suppliers, and companies use it to check the creditworthiness of businesses, monitor financial stability, and make informed credit decisions. It also offers international credit reports, automated credit decisioning, and compliance tools.

Is CreditSafe a real company?

Yes, CreditSafe is a legitimate business credit reporting agency. Founded in 1997, it operates in multiple countries and serves thousands of businesses globally. Its U.S. headquarters is in Allentown, Pennsylvania.

Can I run a credit check on an individual with CreditSafe?

No, CreditSafe does not provide consumer credit reports. It focuses on business credit data, so it cannot be used to check an individual’s personal credit score.

Conclusion: Is CreditSafe Helpful to Build Business Credit?

CreditSafe provides free business credit reports and scores, but its impact on U.S. small business credit building is limited. Major lenders and suppliers rely more on Dun & Bradstreet, Experian, and Equifax for credit decisions.

For small business owners, the best approach is to pay vendors that report to major bureaus, monitor credit across platforms, and use tools like Nav for easy access. While CreditSafe offers global credit insights, it’s not a key player in U.S. business credit building.

If you work internationally, CreditSafe may be useful. Otherwise, focus on bureaus that lenders trust for financing decisions.

Do you want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

American Express Business Blueprint Review (Formerly Kabbage)

By Joe

Key Takeaways

Kabbage became Amex Business Blueprint, from lending to a full financial platform.
Blueprint combines banking, lending, and cash flow insights in one dashboard.
Amex Lines of Credit have lower fees than Kabbage (0.95% to 27%, depending on the term).
Business Checking offers higher (1.3%) APY, no fees, and a rewards debit card.
The iOS app is highly rated, but Android users report issues and bugs.
Payment Accept replaced Kabbage Payments, but new customer availability is unclear.
The Resource Center provides business insights and financial tools.

Kabbage was once a popular online lender and one of the SBA’s approved PPP loan providers. American Express quietly acquired Kabbage’s platform in 2020, and reworked it to create Business Blueprint—a comprehensive business cashflow dashboard.

So, what’s changed? And, is American Express Business Blueprint worth checking out? Here, we’ll take a quick peek at why Kabbage might have exited from their operations and learn everything you need to know about the new and expanded offer from Amex.

This is what’s in store:

What Was Kabbage?
What is American Express Business Blueprint?
- Company Overview
How Does American Express Business Blueprint Work?
Frequently Asked Questions
Final Takeaway

Now, let’s dive in!

What Was Kabbage?

Kabbage, founded in 2009, was an automated lending platform offering quick loans up to $250K for small businesses. Known for convenience but high fees, it paused lending during COVID-19 to focus on PPP loans, earning mostly low ratings.

Later, a few years after the purchase by American Express, it transitioned into Amex Business Blueprint, discontinuing its original offer.

Near the end, Kabbage offered tools like:

Kabbage Checking (competitive APY)
Kabbage Payments (low invoicing fees)
Kabbage Insights (cash flow tracking)

While useful, these services faced some technical issues before the transition. The hiccups near the end may have made selling the company the wise choice.

You might also like: No-Doc Business Loans: Get Funds Without Proof of Income

What is American Express Business Blueprint?

When I first heard that Amex had acquired Kabbage (whose lending funds used to come from Celtic Bank), I said, “If the brand does bring back working capital in the future, it will most likely come directly from Amex itself. We’ll just have to wait around to see.”

Well, that future is now.

American Express Business Blueprint is a free platform positioned to help small businesses manage their cash flow. It lets you view your American Express business products and linked external accounts in one place. Then, it provides personalized insights to help you make informed financial decisions.

With the tool, you can access features like a 30-day bank account balance projection, which uses data from your linked accounts to help you anticipate future balances. In a nutshell, business Blueprint aims to simplify financial management for small business owners.

Moreover, Amex is offering a Business Line of Credit up to $250K (same as Kabbage), with no mention of Celtic Bank. Today, these loans are serviced directly by American Express National Bank.

Company Overview

American Express Business Blueprint Benefits

American Express, aka Amex, is a global financial services company with roots dating back to 1850. Founded by Henry Wells, John Butterfield, and William Fargo—names you might recognize from Wells Fargo—Amex has built a reputation for reliability and innovation in finance.

Initially known for credit cards, charge cards, and traveler’s checks, the company has since expanded its offerings to include business checking accounts (and, now working capital) further solidifying its leading position in the financial world.

Headquartered in New York and led by CEO Stephen Squeri, Amex stands out as a trusted name in American finance. It’s publicly traded and has endured as a stable force in a fast-evolving industry.

You might also like: A Complete, Unfiltered Amex Business Gold Card Review

How Does American Express Business Blueprint Work?

American Express Business Blueprint login

As I said before, American Express Business Blueprint is free. And, you can log in with existing credentials, if you’re already an American Express member, or create an account.

Once you’re in, you’ll have access to a lot of the same features and services that were available with Kabbage, but with some notable improvements.

1. Business Lines of Credit

american express business line of credit

Kabbage’s fixed-rate loan fees were steep, ranging from 24-99% APR, with no savings for early repayment, no long-term options, and approval limited to businesses with online checking or PayPal.

In contrast, Amex Business Lines of Credit offer a more affordable alternative, with funding from $2K to $250K secured by business assets and personal guarantees.

Amex’s fees range from:

0.95% to 6.05% for single repayment loans (1 to 3 months)
3% to 27% for installment loans (6 to 24 months)

So, Amex offers a much less expensive business lending option than Kabbage was able to. They also offer reduced costs with early repayment on installment plans. However, you must be an Amex cardholder to apply.

2. Business Banking Accounts

Before the transition, there was no such thing as a Kabbage business savings account. Likewise, there is no American Express business savings account (though they do have a consumer savings option).

Kabbage Checking offered FDIC-insured banking with 1.10% APY earned on funds, which they declared was the best deal you’ll find. This wasn’t true with 2% earnings from Bluevine and varying larger amounts from several credit unions.

Today, American Express Business Checking is worth taking a look at. Their business checking account earns 1.3% APY on balances up to $500K and charges no monthly maintenance fee—They also offer a rewards debit card that earns 1 point with every $2 spent, and their high deposit limits can house balances up to $5 million.

However, they lack integrations for tools like QuickBooks and don’t accommodate cash deposits (despite free MoneyPass™ ATM access). Currently, they don’t offer virtual cards, either.

3. American Express Business Blueprint Cashflow Management

Kabbage Insights, in my opinion, was comparable to Quickbooks. While it did deliver visual reports, it was basically an accounting platform. Theoretically, it allowed users to view all their accounts in one place for a clearer picture of cash flow and revenue.

Users could link the system to various banks, including smaller credit unions. PayPal and Stripe integrations were unavailable when I reviewed Kabbage, despite being advertised.

Today, Business Blueprint™ is the core of Amex’s small business offer, with a real-time financial dashboard that consolidates Amex business products and linked external accounts.

It offers:

Personalized cash flow insights
Business income and expense tracking
30-day balance projections
A bird’s-eye view of your financial health

You can get all of this in one place. It’s designed to help you focus on growth instead of spreadsheets. The platform is free, but individual Amex financial products have their own fees and eligibility requirements.

You might also like: Plastiq Review: Can Plastiq Really Simplify Your Finances?

4. American Express Business Blueprint App

Back in September 2020, I noted that Kabbage’s web app and mobile app both seemed a little wonky. I assumed this was because they had recently furloughed staff and cut back on their service offer for the time being.

Today, the American Express Business Blueprint app, available on both iOS and Google Play marketplaces, seems upgraded.

Apple users give The Amex Business Blueprint™ app a 4.8 out of 5 rating, based on 8,500 reviews. Users appreciate its convenience and ease of use. However, some have reported limitations in banking functionalities, like viewing canceled checks and scheduling payments.

However, most Android users seem find the Amex Business Blueprint app frustrating due to:

Persistent login issues
Slow transfers
Frequent glitches
Poor support

Many of them prefer using the web instead.

You might also like: What is the Best Personal Finance Software? Free and Paid Options

5. American Express Invoicing & Payments

American Express Business Blueprint Payments

Kabbage Payments was an online invoicing platform with competitive rates at 2.9% + $0.25 per transaction, slightly lower than most major competitors. It supported email and web link billing, with next-day deposits for transactions processed before 5 PM.

Users could also create a unique URL to sell gift certificates ranging from $15 to $500.

Today, American Express Payment Accept is a service designed to help small businesses process card payments online efficiently. It offers a straightforward solution with transparent pricing, aiming to make payment processing simple and quick.

*But, they may not be accepting new customer applications at this time—Check with Amex for Updated info.

You might also like: Melio Payments Review: Can It Make Business Payments and Getting Paid Easier?

6. American Express Financial Resources

American Express Business Blueprint Customer Service

Kabbage’s “Resource Center” was a blog dedicated to financial advice for business owners. I found the articles to be pretty useful, easy-to-understand, and worth a look.

American Express, on the other hand, has a full suite of resources for small business owners through its Business Blueprint™ platform.

This includes a Resource Center featuring:

Articles on various small business topics
Customer success stories
A massive help center

It provides not just articles but also tools, customer success stories, and guided resources to help business owners manage and grow their finances more effectively.

You might also like: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors]

Frequently Asked Questions

Is it hard to get an American Express business line of credit?

Approval for an Amex business line of credit depends on factors like your business’s financial health, credit score, and cash flow. While the process isn’t overly difficult for well-qualified applicants, Amex does require a personal guarantee and evaluates your business assets carefully.

Does Amex business report to Dun & Bradstreet?

Yes, American Express reports business credit activity to Dun & Bradstreet as well as other major credit bureaus, helping you build your business credit profile.

Why do so many businesses refuse Amex?

Some businesses avoid accepting Amex due to higher transaction fees compared to other credit card providers. These fees can cut into profit margins, especially for small businesses.

Is American Express business hard to get?

Obtaining an Amex business card or account generally requires a good to excellent credit score and stable business finances. While not excessively hard, it may be challenging for newer businesses or those with weaker credit profiles.

What is the minimum income for Amex Business Platinum?

American Express doesn’t specify a minimum income requirement for the Business Platinum Card. But, MyFico forums have a lot of anecdotal stories that suggest that they expect applicants to demonstrate significant income or business revenue to justify approval.

Final Takeaway

American Express Business Blueprint took what Kabbage started and expanded it into a full-scale financial platform. With better lending terms, a solid business checking account, and improved cash flow tools, it’s a clear upgrade.

However, some drawbacks remain, like limited integrations and an inconsistent mobile app experience. If you’re an Amex cardholder looking for streamlined business banking and financing, it’s worth considering—just be aware of its gaps.

Are you ready to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

Giggle Finance: Instant Funding for Freelancers & Self Employed

By Joe

Key Takeaways

Giggle Finance provides up to $5K in fast funding for gig workers.
Giggle requires no credit checks,= and uses bank account activity to assess eligibility.
You can set up income-based, automatic repayment for flexible loan management.
Customer service is digital-only, with mixed reviews on responsiveness.
Accusations of predatory practices and unauthorized transactions raise red flags.
Some users value Giggle’s speed and simplicity for emergency financial needs.

Giggle Finance offers something a little different than what we usually review here, but maybe not as different as you might think. Before you apply, you’ll want to know what it is you’re signing up for.

Here, explore what Giggle Finance is, learn more about the company, and understand key features of the offer.

This is what’s in store:

What is Giggle Finance?
- Company Overview
How Does Giggle Finance Work?
Frequently Asked Questions
Conclusion: Is Giggle Finance Legit?

Now, let’s dive in!

What is Giggle Finance?

Giggle Finance provides fast and convenient funding solutions designed specifically for:

Gig workers
Independent contractors
Self-employed individuals

They offer up to $5K in instant funding, their platform is fully automated, available 24/7, and requires no credit checks or lengthy application processes.

The idea is that borrowers can access cash quickly to manage unexpected expenses or invest in opportunities. In theory, this can make it a flexible option for those in the gig economy who need immediate financial support.

You might also like: Torro Business Funding Review: Is This “Zero Hassle” Offer Legit?

Company Overview

Giggle Finance, aka, Giggle LLC is a Florida-based, private, for-profit financial services entity that was founded in 2020 by Jared Kogan and Michael Zevallos. According to Florida’s SunBiz, the company is active, in good standing, and up-to-date with all their required filings with the state.

Kogen previously spent 5+ years with OnDeck, as the Director of External Sales, and has held several high-level business consulting positions. Zavallos was the Manager of External Sales at OnDeck when Kogen was with the company, and he was the Co-Founder and COO at Idea Financial before the team launched Giggle.

In short, the leadership seems to be solid. However, it’s important to know what borrowers have to say.

Currently, Giggle isn’t accredited with the Better Business Bureau (BBB), which I would almost let slide—not every legitimate business is accredited. But, they currently have an “F” BBB-rating and have failed to respond to 32 complaints filed on the platform.

Overall, TrustPilot reviews are a little more optimistic, with a 4.0 (out of 5.0) TrustScore.™ Even so, the 1-star reviews are pretty brutal.

All in all, borrowers largely view Giggle Finance as an “unethical” lender, citing:

Unauthorized transactions
Predatory practices
Poor customer service

Though, some people appreciate its fast funding for emergency needs.

These are some pretty weighty accusations, so I wanted to verify whether or not there are any open lawsuits against the company. And, I couldn’t find any current legal issues.

However, Redditors also criticize Giggle Finance as deceptive, warning that its loans involve hidden fees and misrepresented terms, which has caused financial strain for gig workers.

Having no experience borrowing from the company myself, I would have to take others’ word. On one hand, Giggle Finance offers fast funding that some borrowers find helpful in emergencies, while on the other, reviews raise significant red flags.

You might also like: How to Get a Business Credit Card – The Ultimate Guide

How Does Giggle Finance Work?

Giggle Finance offers gig workers and self-employed individuals fast funding options, but borrowers should weigh the potential risks. Here’s how it works.

1. Apply Easily Online

The process begins with a quick online application that takes just minutes to complete. By connecting your bank account, Giggle evaluates your eligibility based on income and account activity instead of credit scores.

While convenient, some users have expressed concerns about privacy and the security of their financial data. I know that they work with Plain, which I know to be a secure technology.

If you’re working for a popular delivery service or selling on Shopify, you may be able to connect your account for immediate revenue info (this may be where the data security issue comes in).

You might also like: No-Doc Business Loans: Get Funds Without Proof of Income

2. Get Instant Funding Anytime

Once your application is submitted, the automated system processes approvals in real time, with funds often deposited within minutes. This 24/7 availability is ideal for emergencies.

However, some borrowers have reported delays or discrepancies in the amount funded compared to what was expected.

3. Repay Based on Your Income

Repayments are automatically deducted in line with your earnings, offering flexibility for those with variable incomes. Giggle also allows early payoffs to save on fees. Despite this, some users have faced challenges with rigid payment schedules and unexpected deductions.

With this said, you will need to connect the platform to your primary business bank account. They’ll use it for income verification AND repayment.

You might also like: 11 Alternate Ways for Entrepreneurs to Raise Capital with Online Lenders

4. Access Funding Without a Credit Check

Giggle Finance caters specifically to gig workers, freelancers, and independent contractors who may struggle to qualify for traditional loans.

The no-credit-check feature makes the service widely accessible, but the high fees and unclear repayment terms reported by some borrowers warrant a careful review.

You might also like: A Full Skip Review: Business Grants, Funding, and More

5. Know Your Terms Before You Borrow

Giggle Finance determines its fees and repayment terms based on the amount borrowed and the borrower’s risk profile. The company claims to maintain transparency to make sure borrowers understand the total cost before agreeing to the terms, with no hidden fees.

However, some users report higher-than-average fees.

Keep in mind, Giggle calculates repayment amounts using a factor rate, which is a multiplier applied to the borrowed amount. For instance, a $5,000 loan with a factor rate of 1.5 would require $7,500 in total repayment. And, Giggle Finance doesn’t advertise their factor rates (I wish they did).

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6. Be Ready for SMS-Only Customer Support

To verify what some borrowers had said, I tried calling the phone number listed on the website and was redirected by a pre-recorded message instructing me to send a text.

Customer service is entirely digital, with interactions through text or email. Some users have described their experiences as unprofessional or unhelpful, particularly when resolving disputes or addressing errors. But, depending on your preferences, this might be convenient.

Frequently Asked Questions

What credit score do you need for Giggle Finance?

You don’t need a specific credit score to qualify for Giggle Finance. The platform does not rely on traditional credit checks and instead evaluates your eligibility based on your bank account activity and income.

What is the maximum loan amount for Giggle Finance?

The maximum loan amount offered by Giggle Finance is $5K— Your approved amount will depend on your verified income and banking activity.

Does Giggle Finance report to credit bureaus?

Yes, Giggle Finance does report to credit bureaus. This means your repayment activity (including any missed or late payments) can impact your credit score and appear on your credit report. Be mindful of this when you apply for a loan.

Conclusion: Is Giggle Finance Legit?

Giggle Finance provides quick, easy access to cash, which can be invaluable in a pinch. However, recurring complaints (with no responses from the company) about aggressive practices, high costs, and poor communication highlight the importance of understanding the risks before borrowing.

If you carefully review the terms, you can make an informed decision about whether Giggle Finance is the right solution for your needs.

Do you want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

A Complete, Unfiltered Amex Business Gold Card Review

By Joe

Key Takeaways

Earn 4X points on your top 2 spending categories (up to $150,000/year), 1X on others.
Get 3X points on flights and hotels, no foreign fees, and trip delay insurance.
Manage expenses with QuickBooks, employee cards, and year-end summaries.
Annual fee is $375, with up to $240 in select service credits.
Requires good credit (700+ FICO score), $3,000+ monthly revenue, and solid business credit.
Includes cell phone protection, extended warranties, and purchase protection.

Have you considered applying for the Amex Business Gold card, but not sure what you’d be getting yourself into? In business, the sheer number of financial management options can be overwhelming, but let’s simplify to determine if this choice is right for you.

In this Amex Business Gold card review, you’ll find what the card is, see a company overview, explore the benefits, and find out if (and when) it might be worth it to apply.

This is what’s in store:

What is the Amex Business Gold Card?
Amex Business Gold Benefits Worth Exploring
Frequently Asked Questions
Conclusion: Is Amex Business Gold Worth it?

Now, let’s dive in.

What is the Amex Business Gold Card?

Why Should You Get the Amex Business Gold?

The Amex Business Gold card is a premium business credit card from American Express with a handful of standout features, including:

Rewards on spending
Expense management tools
Travel perks
Business services

It also offers cash flow flexibility with revolving credit, which you can pay over time when needed, along with no preset spending limit. When you apply for the card, it won’t impact your personal credit, because approval is based on your business credit score.

You might also like: Amex Business Checking Review: What You Need to Know…Really

Amex Business Gold Requirements

American Express Business gold card limit Reddit

Wondering how to get an Amex Business Gold card? Well, as you may know, the requirements are fairly stringent. However, they’re not clearly specified anywhere.

So, here’s what I know is required:

Solid business credit score
FICO (personal credit) score above 700
Average monthly revenue of at least $3K

The more revenue you have and the higher your business and personal credit scores, the more likely you are to qualify for an Amex Business Gold card.

Business Credit Score Impact

When you apply for the Business Gold card from Amex, your business credit score might take a small hit because Amex may check it during the application process. Your personal credit score won’t be affected at this stage.

However, If you’re approved and decide to accept the card, it may impact your personal credit, because you’ll likely need to guarantee the account. This means that, if the account defaults, you’re on the hook.

This card could offer a good way to build business credit if you manage it well, but be sure you’re comfortable with any potential impact on your personal credit before accepting.

You might also like: Here’s How to [Actually] Get Business Credit With Just an EIN +More Options

Amex Business Gold APR and Fees

The Amex Business Gold Card offers 0% APR for the first 6 months, so no interest accrues during this time. Be mindful that the introductory 0% APR doesn’t apply to cash-like transactions or fees, and this is an intro offer, which can change any time.

After that, the APR will range from 18.74% to 27.74%, based on your credit and the Prime Rate, which can change with the market. Then, if you miss payments or have returned payments, a 29.99% Penalty APR might apply for at least a year. Paying on time helps you avoid this.

Interest is calculated using the average daily balance method.

So, let’s say you spend $20,000 in a year using the Amex Business Gold Card and only make minimum payments—Here’s what you might expect:

First 6 months: You pay 0% interest during the intro APR period. Assuming you spend evenly, your balance after making minimum payments (~$300/month) is about $8,200.
Next 6 months: The remaining balance and new charges start accruing interest at around 21.74% APR. You’d pay about $1,130 in interest over this time.
After a year: You’ll have paid about $5,300 in minimum payments but still owe $15,830, including interest.

Paying only the minimum can add up quickly. To save, pay more than the minimum, especially after the 0% intro APR period ends. And, to avoid interest, you can pay your balance in full by the due date, which is at least 25 days after the billing cycle closes.

The card also has an annual fee of $375, but no foreign transaction fees. Late payments or returned payments can cost $39 or 2.99% of the past due amount, whichever is higher.

Amex Business Gold Benefits Worth Exploring

Now, let’s take a closer look at some of the benefits of being an Amex Business Gold cardholder, including rewards, tools, travel perks, and business services.

1. Amex Business Gold Rewards

This card rewards you with 4X Membership Rewards points on the top 2 categories your business spends the most in each billing cycle, from options like restaurants, gas stations, transit, software providers, and more (up to $150,000 per year; 1X points after). All other purchases earn 1X points.

Here’s an example scenario of how this might stack up:

Let’s say your business spends $2,000 on software subscriptions and $1,500 at restaurants in a billing cycle. These would be your top 2 categories, so you’d earn 4X points on those purchases, giving you 14,000 points (4 points per dollar).
If you also spend $500 on office supplies, you’d earn 1X points for that, adding 500 points.
In total, you’d earn 14,500 Membership Rewards points for that billing cycle. The top 2 categories adjust each cycle based on where you spend the most.

You can also get up to $240 annually in statement credits for eligible purchases at FedEx, Grubhub, and office supply stores, plus a monthly credit for a Walmart+ membership (up to $12.95/month).

This could be a great way to earn points and save on business essentials.

2. Expense Management Tools

The Amex Business Gold Card offers tools to simplify expense management.

With this card, here are the tools you could get:

A year-end summary to simplify expense tracking
Employee cards to control spending and earn rewards
QuickBooks integration to auto-categorize expenses

You can also take advantage of Vendor Pay by Bill.com to streamline payments and assign an Account Manager to handle tasks like payments and transaction reviews. Plus, you can stay on top of spending with account alerts, online statements, and the Amex app, which lets you track expenses and manage your account in real-time.

You might also like: BILL Spend & Expense Card Review (Formerly Divvy Credit Card)

3. Travel Perks for Cardholders

The Amex Business Gold Card enhances travel with 3X Membership Rewards® points on:

Flights
Prepaid hotels
Packages booked through AmexTravel.com

There are no foreign transaction fees, which can make international business travel seamless.

Plus, you can enjoy perks from The Hotel Collection (like a $100 experience credit and potential room upgrades for stays of two nights or more), Global Assist® Hotline for emergencies, baggage insurance for lost or damaged items, and car rental insurance for theft or damage (secondary coverage).

Finally, If your trip is delayed by 12+ hours for a covered reason, Trip Delay Insurance may provide assistance. These features can make business travel smoother and more rewarding.

You might also like: What are the Best Business Credit Cards for Travel?

4. Business Services from Amex

The card also offers valuable business services to protect and support your operations.

Some of the services include:

Cell phone protection up to $800 per claim
Dispute resolution for fraud and unauthorized charges
Extended warranties (up to 5 years) on eligible purchases
Annual purchase protection up to $50K per year
24/7 support through Relationship Care®

These features can help safeguard your purchases and simplify some aspects of managing your business.

You might also like: Comprehensive ZenBusiness Review: Is it Legit for LLCs?

Frequently Asked Questions

Does the Amex Business Gold card have a limit?

The Amex Business Gold card has a flexible spending limit that adjusts based on your usage, payment history, and other factors–This means your spending capacity can vary over time.

Is the Amex Gold a luxury card?

The American Express® Gold Card is considered a premium card, offering substantial rewards on dining and groceries. However, it doesn’t provide the extensive luxury perks found in higher-tier cards.

Does the Amex Gold Business have lounge access?

No, Amex Business Gold doesn’t include airport lounge access. But, it does offer other travel perks like trip delay, baggage claim, and car rental loss insurance. Lounge access is typically reserved for luxury cards like the Amex Platinum.

Is it hard to get approved for the Amex Business Gold card?

Amex Business Gold approval generally requires good to excellent credit. American Express evaluates credit history, income, and other factors during the application process.

What income is recommended for the Amex Business Gold card?

While American Express doesn’t specify a minimum income, higher revenue can improve your approval odds. They consider your overall financial profile, including income, existing debts, and both business and personal credit scores.

Conclusion: Is Amex Business Gold Worth it?

The Amex Business Gold card offers a suite of features that can be worthwhile if you think you’ll take advantage of them. But, a $375 annual fee isn’t going to work for everyone.

If you think the benefits can outweigh the cost for you, this is a high-value card from a reputable servicer. If you’re looking for more perks like lounge access, consider a platinum card instead. If you want something with no annual fee, keep shopping around—the right card is out there.

Do you want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

This is How to Buy a Franchise With No Money (Sort of)

By Joe

Key Takeaways

Franchises let you run a business using an established brand.
Most franchises need money upfront for fees, royalties, and other costs like location setup.
Online loans can help fund your franchise, though they may have higher interest rates.
Grants can provide free funding, but you must meet specific eligibility requirements.
Building business credit can help you finance a franchise without using your own money.
Some franchises, especially service-based ones, have lower startup costs.
Local franchises can be more affordable than big-name chains.
White label businesses may let you sell branded products with no upfront investment.

When you don’t have the cash upfront to invest in a business, but you really want to buy a franchise, what are your options? Unfortunately, there’s no such thing as free franchise opportunities in fast food or other brick and mortar chains. Still, you do have some options.

Here, learn your options to buy a franchise with no money down, where to find low-cost franchises, and explore online opportunities that are comparable to franchising.

This is what’s in store:

What is a Franchise?
- Do You Need Money to Buy a Franchise?
Ways to Buy a Franchise With None of Your Own Money Down
Where to Find Low-Cost Franchise Opportunities
Consider an Online White Label Businesses
Frequently Asked Questions
Final Takeaway

Now, let’s dive in!

What is a Franchise?

A franchise is a way to run your own business using someone else’s successful brand and system.

The franchisor (the company) lets you, the franchisee, use their:

Brand name
Products
Business plan

In return, you pay an upfront fee and a portion of your earnings.

For example, if you open a Chick-fil-A, you don’t have to come up with recipes or figure out marketing from scratch. Chick-fil-A provides you with everything you need—like training, branding, and a solid business plan. You run your location while they make sure the brand stays consistent across all their restaurants.

Franchising can be a great way to start a business with the backing of a trusted name.

Do You Need Money to Buy a Franchise?

In short, yes, you almost always need some money to buy a franchise.

There are a few main costs you’ll need to cover:

The initial franchise fee
Royalties
Marketing costs
Building or renovating

And, it’s important to know about each before you get started.

The franchise fee is the upfront cost to buy into the franchise. It can be a few thousand dollars or much higher, depending on the brand.

After that, most franchises charge a regular fee, usually a small percentage of your sales, as royalties. This helps cover things like training and support from the franchisor.

In most cases, you’ll need to chip in for advertising. This is usually 1% to 5% of your sales, and it goes toward marketing the brand as a whole.

Finally, If the franchise needs a physical location, you might need to rent a space, build it, or remodel it to match the brand’s look. This can be one of the biggest expenses.

Ways to Buy a Franchise With None of Your Own Money Down

Most people bootstrap franchise startups with their own savings, loans, or partnerships to cover these costs. But, as a business, you may have some options. Here’s how to buy into a franchise with no money down.

1. Look Into Online Business Loans

how to buy a franchise with no money down

Online lenders offer a quick and convenient way to access funding for your franchise. These platforms often have flexible requirements, making them a good option if you don’t qualify for traditional bank loans. The application process is usually straightforward, and you can receive funds within days.

Online business loans typically come with higher interest rates, so make sure you have a plan to pay them back. Compare multiple lenders to find one that offers favorable terms.

You might also like: No-Doc Business Loans: Get Funds Without Proof of Income

2. Apply for Business Grants

Business grants provide free money to help fund your franchise, but they often have strict eligibility requirements. Some are designed for specific groups, such as women, veterans, or minority business owners, while others support businesses in certain industries or locations.

Research grants offered by government programs, nonprofits, or private organizations. Although the application process can take time, securing a grant can significantly reduce your financial burden.

You might also like: A Full Skip Review: Business Grants, Funding, and More

3. Buy Into a Franchise With Business Credit

Using business credit can help you finance a franchise without upfront cash. By building a strong business credit profile, you can qualify for credit lines, business loans, or vendor financing to cover franchise costs.

Start by establishing business credit if you don’t already have it. Pay attention to factors like your payment history and credit utilization. With good credit, you can leverage funding opportunities to buy into a franchise and grow your business.

Where to Find Low-Cost Franchise Opportunities

If you’re looking for cheap franchises under $1,000, your options are slim. But, you don’t have to invest in a Chick-fil-A branch (which has a $10K initial franchise fee, and would probably cost somewhere in the $250K+ realm to launch) to become a franchise owner. From installing star-gazing ceilings to helping people plan dream vacations, there are other existing businesses you can buy into for less.

Here are a handful of places to start your search:

Franchise marketplaces
Service-based franchises
Local opportunities
The Small Business Administration (SBA)
Expos and trade shows.

Sites like Franchise Direct, Franchise Gator, and Entrepreneur’s Franchise 500 list franchises by industry and cost. These platforms often have a “low-cost” filter to narrow down options under a certain budget.

Businesses like cleaning services, mobile repairs, or tutoring often have low startup costs. Examples include Jan-Pro or Cruise Planners.

Check for regional or smaller franchise opportunities near you. Many local businesses offer franchise options that might be more affordable than national chains.

The SBA’s franchise directory offers tools to research franchises, including ones eligible for SBA loans. This can help you identify cost-effective options with financing support.

Events like expos and tradeshows in your industry are a great place to meet franchisors directly. They often showcase a range of franchises, including budget-friendly ones.

Consider an Online White Label Businesses

How to buy a franchise with no money online

Online white label businesses involve selling products or services that are created by another company but branded under your own name. This allows you to skip the production process and focus on selling and marketing the product.

You can find white label online stores, software products, and service businesses. The white label business model is not the same, but has many shared benefits with franchising.

how to buy a franchise with no money and bad credit

Plus, white label businesses tend to have low startup costs, and some even allow you to begin without any upfront investment.

To run a white label business, you’ll typically need to set up an online store or platform where you can sell the products.

Your main responsibilities will usually include:

Marketing
Customer service
Sales management

Meanwhile, the supplier will handle most of the production and fulfillment. It may be a lower-risk business model, but your success will largely depend on how well you market and brand the products.

You might also like: Is Credit Suite Legit? — A Business Credit Expert Review

Frequently Asked Questions

Do franchises pay a monthly fee?

Yes, most franchise owners pay royalties, which are typically 4% to 10% of sales. Some brands also require contributions to a marketing fund.

What’s the cheapest company to franchise?

Service-based franchises, like cleaning services or vending machines, often have low startup costs, sometimes under $10K.

How do I open a franchise with no money near me?

You can explore financing options like business loans or investors. Some franchisors also offer financing or low upfront costs.

What franchise is the easiest to own?

Franchises with simple operations and strong support, like fast food or cleaning services, are often easiest for first-time owners.

How much do Chick-fil-A owners make?

Chick-fil-A owners can make $200K to $300K annually, depending on location and sales.

Final Takeaway

If you want to buy a franchise business with no money, it’s possible through alternative financing. However, there isn’t a get rich quick scheme to follow. Consider financing, grants, and business credit. If you’d rather explore an opportunity with less initial investment upfront, consider a white label business instead.

Are you ready to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

Net 30 for New Business: 13 Vendors +Credit Building Insights

By Joe

Key Takeaways:

Use net 30 accounts to establish credit and manage cash flow effectively.
Timely payments to vendors reporting to credit bureaus can help build out your credit profile.
Vendors like Amazon, Home Depot, ULINE, and Grainger offer net 30 terms.
Eligibility often requires a valid EIN, DUNS number, and business registration.
Consistent payment history can lead to access to larger credit lines.

The best time to start your business credit building journey is at the beginning—when your business is brand new. And, the easiest and fastest way to establish business credit is with net 30 accounts.

So, let’s dive deep into the world of net 30 accounts for new businesses. We’ll list some of the best net 30 vendors, how to apply for these accounts, and how you can use them to boost your business’s credit score.

This is what’s in store:

What is a Net 30 Account for New Businesses?

A net 30 account is trade credit that allows your business to purchase goods or services and pay for them within 30 days.

This payment arrangement can help you:

improve cash flow
Make purchases without upfront payments
Build business credit (if the vendor reports your payments)

Net 30 accounts for new businesses are with vendors that don’t require a lot of time in business to approve your company for net 30 terms.

You might also like: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors]

How Net 30 Accounts Help New Businesses Build Credit

When you first start a business, it can be difficult to get access to credit. Traditional loans often require a solid credit history, which new businesses typically don’t have. Net 30 accounts offer a way to start building credit by allowing businesses to make purchases on credit and pay later.

Net 30 accounts help new businesses establish a business credit profile, manage cash flow, and earn access to larger credit lines.

Establish a Business Credit Profile

A net 30 account may report to major credit bureaus, such as Dun & Bradstreet (D&B), Experian, and Equifax. When you make purchases on credit and pay them off within the 30-day period, this activity can be reported to these bureaus if the vendor offers reporting.

Over time, consistent payments can help improve your business credit score, which is crucial if you want to obtain higher credit limits in the future.

Manage Cash Flow

As a new business, maintaining cash flow is super important. A net 30 account gives you 30 days to pay off a purchase, which means you have some time to generate revenue from the products or services you buy on net terms—This can be especially helpful to avoid cash flow crunches.

You might also like: InDinero Unveiled: A Detailed Accounting & Tax Platform Review

Earn Access Access to Larger Credit Lines

Many vendors offer net 30 accounts with the potential to increase credit limits based on your payment history. So, as you demonstrate your ability to manage credit responsibly, you can access larger credit lines, which can be useful as your business grows.

You might also like: No-Doc Business Loans: Get Funds Without Proof of Income

The Best Net 30 Vendors for New Businesses

Now that we’ve covered the benefits, let’s dive into the best net 30 vendors for new businesses. These companies offer terms that help you manage your finances, while also reporting to major credit bureaus like D&B.

1. Home Depot Commercial Account Card

Home Depot offers net 30 accounts that are especially useful for businesses in construction, maintenance, or those needing tools and home improvement supplies.

Eligibility: Requires a valid Tax ID number & DUNS
Credit Reporting: D&B, Experian, & Equifax
Approval Time: Instant approval for qualifying businesses

Home Depot’s extensive range of products makes it a convenient choice for businesses that need supplies and tools on a regular basis.

Learn more: How to Use a Home Depot Business Account to Boost Your Credit

2. Amazon Net 30 (“Pay by Invoice”)

Amazon is one of the most widely used vendors for new businesses, offering everything from office supplies to electronics. Amazon’s net 30 accounts are offered through an Amazon Business Credit Account.

Eligibility: Must have a valid EIN and business address
Credit Reporting: None
Approval Time: Instant approval for eligible businesses

While your payments won’t be reported to business credit bureaus, Amazon offers an extensive catalog of products and services, a business credit card, and a corporate account. The convenience to purchase everything from supplies to electronics make Amazon a popular choice for business owners.

Learn more: How to Get Approved for Amazon Net 30 Terms (“Pay by Invoice”)

3. ULINE Net 30

ULINE is a top supplier of industrial products, packaging, and shipping materials. Their net 30 account is a great option for businesses involved in shipping, warehousing, and inventory management.

Eligibility: Must have a DUNS number
Credit Reporting: D&B and Experian
Approval Time: 1-2 business days

ULINE offers a wide range of products that most businesses need, making it easy to get everything you need under one roof.

You might also like: Using 30 Day Net Vendors to Build Your Business Credit Score

4. Grainger Net 30

Grainger offers a variety of industrial and safety products, ideal for businesses in manufacturing, construction, and maintenance industries.

Eligibility: Requires an EIN or Tax ID and DUNS number
Credit Reporting: D&B
Approval Time: A few business days

Grainger is known for a wide selection of products that support operations in a range of industries, making it easy to manage purchases under one account.

Learn more: This is How to Get Grainger Net 30 Terms (+Build Business Credit)

5. NAMYNOT Net 30

In a nutshell, NAMYNOT offers top tier marketing services with net 30 payment terms.

Eligibility: Requires a business with a DUNS number and EIN
Credit Reporting: D&B
Approval Time: 2-3 business days

NAMYNOT’s extensive selection of services can help you grow your brand reach, all while managing cash flow with net 30 terms.

Learn more: NAMYNOT Net 30: Marketing Services That Build Business Credit

6. The CEO Creative Net 30

Does Office Depot report to Dun and Bradstreet?

The CEO Creative specializes in creative products, marketing services, and office supplies.

Eligibility: Must have a valid Tax ID and business address
Credit Reporting: Equifax
Approval Time: Up to 5 business days

Offers creative solutions for marketing and branding, perfect for startups looking to grow their presence in a competitive market.

Learn more: The CEO Creative Net 30 Review: Is it Worth Your Time?

7. Growegy Net 30

Growegy provides a range of products for business growth, including supplies for digital marketing, branding, and office needs.

Eligibility: Requires a valid EIN and DUNS number
Credit Reporting: Experian, Equifax, and D&B
Approval Time: Instant approval for most eligible businesses

A great option for businesses focused on digital marketing and branding because it can help you with essential tools with flexible payment terms—However, it does cost $55 per month in addition to your service costs.

Learn more: The Growegy Net 30 Account: Is it a Legit Offer?

8. HD Supply Net 30

HD Supply offers products for industries like construction, maintenance, and facilities management, with net 30 terms.

Eligibility: Requires a business with an EIN and Tax ID
Credit Reporting: D&B
Approval Time: 1-2 business days

Provides reliable products and services for businesses in various sectors, making it a solid choice for construction and facilities management businesses.

Learn more: HD Supply Review: A Closer Look at This Vendor’s Net 30 Program

9. Office Garner Net 30

Office Garner provides office supplies, including technology and furniture, with net 30 options.

Eligibility: Requires a valid EIN and DUNS number
Credit Reporting: D&B
Approval Time: 2-3 days

Office Garner offers a comprehensive selection of office necessities to help new businesses set up and maintain smooth operations.

Learn more: Office Garner Review – NET 30 Vendor

10. Fidextech Net 30

Fidextech offers digital marketing and website UI/UX services on flexible net 30 terms.

Eligibility: Requires a DUNS number and business Tax ID
Credit Reporting: Equifax, CreditSafe USA, SBFE
Approval Time: 3-5 business days

The company specializes in web design and IT, helping businesses equip themselves with essentials to boost their online presence.

Learn more: Fidextech Net 30 Review: Can it Help Build Business Credit?

11. JJ Gold Net 30

JJ Gold is known for its selection of office supplies, electronics, and business products offered with net 30 payment options.

Eligibility: Requires EIN and business Tax ID
Credit Reporting: D&B and Equifax
Approval Time: 3 business days

JJ Gold is a one-stop shop for office and business essentials, with a convenient net 30 option for easy purchasing.

Learn more: JJ Gold Net 30: Build Business Credit Buying Jewelry +More

12. Crown Office Supplies Net 30

Crown Office Supplies offers a variety of office products on net 30 payment terms, ideal for businesses in need of bulk supplies.

Eligibility: Open to businesses with a valid Tax ID and EIN
Credit Reporting: D&B, Experian, and Equifax
Approval Time: 2-3 business days

Their wide range of office supplies and bulk purchasing options help businesses save money and manage their budget.

Learn more: How Can Crown Office Supplies Help You Build Business Credit?

13. Shirtsy Net 30

Shirtsy specializes in custom apparel, including t-shirts, hoodies, and other promotional items, with flexible payment options for businesses.

Eligibility: Requires a valid EIN and business address
Credit Reporting: D&B, Experian, Eqifax, and CreditSafe
Approval Time: Up to 3 business days

Shirtsy can be perfect for businesses that need custom apparel for branding or promotional purposes, all with the convenience of net 30 terms.

Learn more: Shirtsy Review: A Business Swag Offer with Net 30 Option

How to Apply for a Net 30 Account

Applying for a net 30 account is a relatively straightforward process. Here are the steps to follow when applying with a new vendor:

Gather your necessary documentation:
1. Business address & contact info.
2. Secretary of State business registration/Articles of Organization.
3. Employer Identification number (from the IRS).
4. DUNS number.
5. Business bank statements (not always required).
Select your vendor.
Submit your application.
Wait for approval.

Once approved, you’ll receive access to your net 30 account, and you can start making purchases—If you’re not approved initially, some vendors may give you the opportunity to apply again after a few months in business.

You might also like: How Long Does It Take to Build Business Credit? Fast Guide

Frequently Asked Questions

Does Costco offer net 30?

While Costco does not offer traditional net 30 accounts, they do have various business membership accounts that give you access to bulk purchasing and extended payment terms.

How many net 30 accounts should I have?

Start with 3-5 accounts to build credit without overloading your cash flow. You can add more as you successfully manage payments and grow your credit profile.

What does “net new accounts” mean?

“New net accounts” refers to recently opened accounts, like vendor credit accounts, within a certain period. These accounts are key for businesses to establish a financial history.

Should I do net 15 or net 30?

Net 30 gives you 30 days to pay, while net 15 requires quicker payment. Net 30 is often better for businesses that need more flexibility to generate revenue before paying.

Do you need a DUNS number for net 30 accounts?

Not all vendors require it, but having a DUNS number helps make sure your payments are reported to D&B to build credit. It’s a valuable tool to track and grow your business credit profile.

Final Takeaway

Building business credit is a key to long-term success, and net 30 accounts are a great way to get started. Partnering with vendors like Home Depot and ULINE can help you build credit, manage cash flow, and lay a strong foundation for growth.

Do your due diligence to learn how these accounts work, choose reliable vendors, and make payments on time to set your business up for success.

Are you ready to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

Complete Ally Financial Review: No PG, No Credit Check Vehicle Loans +More

By Joe

Key Takeaways

Ally Financial is a digital financial services company.
It offers banking, investment, and auto financing products.
Some customers report poor customer service on online review websites, and the company faces class-action lawsuits over data breaches and loan practices.
Ally offers no-personal-guarantee (no-PG) business vehicle loans that focus on business credit, not personal credit.
Their business vehicle loans have flexible terms and protect personal assets.

You can find a ton of Ally Financial reviews online. While their affiliates tend to talk them up, some of their customers are less impressed. So, what’s Ally Financial really all about?

Here, I’ll answer that and more. Let’s look at what Ally Financial offers, learn about the company, and get to know their no-credit check and no-PG business vehicle loans (which I love).

This is what’s in store:

What is Ally Financial?
- What is Ally Financial Known for?
- Company Overview
Ally Financial No PG Business Vehicle Loans Summary
Frequently Asked Questions
Conclusion: Is Ally Financial Any Good?

So, let’s dive in!

What is Ally Financial?

Ally Financial is a leading digital financial services company that offers a variety of banking and investment products.

Its core services include:

Ally Bank provides deposit products like savings and checking accounts, CDs, and money market accounts. It also offers mortgages and credit services.
Ally Invest allows users to manage investments with self-directed trading, robo portfolios, and personalized advice.
Ally Home offers home purchase and refinancing options.
Ally Auto provides auto financing, a key part of their offer.

They emphasize customer care and transparency, with “no hidden fees” (according to themselves) on many of their products.

You might also like: Low-Risk NAICS Codes +Best SIC Codes for Business Credit in 2024

What is Ally Financial Known for?

Ally is known for being one of the first banks to eliminate overdraft fees and to make banking more accessible and customer-friendly. In the corporate world, they’re known for their no-PG business auto loans.

And, there are a few key aspects of their overall offer that people tend to love:

As a fully online bank, Ally offers a wide range of services without physical branches.
Ally is a major player in consumer and business auto loans and financing.
In addition to banking, Ally offers investment options, home loans, and insurance products.

As a one-stop-shop for personal finance, these factors tend to set Ally apart.

You might also like: Business Credit Cards without Personal Guarantee

Company Overview

A Detroit, Michigan-based company, allegedly launched in 1919, Ally Corporate Finance, aka Ally Financial, aka Ally CF, is listed on Crunchbase as an “automotive financial services company powered by a top direct banking franchise.” Both Ally Financial and Ally Financial Inc. were registered as entities in the state of Michigan in May, 2010, which seems to be when the trade name was changed from GMAC Inc.

However, GMAC Inc. was first registered in July, 2009. So, the 1919 founding date must be based on the fact that they’re a subsidiary of General Motors (founded in 1908).

Ally Financila Inc Delaware Company 2009

Still, the company appears to be in good standing, and its most recent annual report was filed in 2024.

Out of 762 Trustpilot reviews, Ally’s Trustscore™ is a low 1.2-stars. A lot of customers warn of poor, outsourced customer service, but some praise the banking. With an online-only bank, customer service shortcomings are almost expected. But, these are pretty poor.

With the Better Business Bureau (BBB), their reviews aren’t so promising either—Ally has a C- BBB rating with 1.06 out of 5 stars, and 1,260 complaints closed in the past 12 months,

While the BBB lists them as being in business for 40 years, this doesn’t match up with the 1919 nor the 2009 founding dates that I found.

Moreover, the reason their BBB rating is low and they aren’t accredited isn’t because they failed to sign up to become accredited. Instead, they’ve been slacking and can’t be accredited because of failure to respond to four complaints and having left eight complaints unresolved.

To make sure we’re being completely fair, it’s important to note that most financial service companies have a hard time maintaining positive reviews. And, an unsatisfied customer is way more likely to put in the effort to leave a review than someone who is satisfied.

So, I did a quick search to see if they had any open or past lawsuits, hoping to come up empty-handed. Sadly, that’s not the case.

Ally Financial is facing multiple class-action lawsuits, including:

Allegations of failing to protect customer data during a breach.
Accusations of discrimination related to its DEI policies.
Private lawsuits over improper collection practices during loan repossession.

With a quick Google search, you can find more information about some of the legal complaints against the company. With that said, I know several people, with vehicle loans through the platform, who are having no problems whatsoever.

In sum, Ally Financial has a mixed reputation. It faces low customer ratings on Trustpilot and the BBB, along with class-action lawsuits over data breaches, discrimination, and loan collection practices. But, some customers still report positive experiences.

You might also like: No-Doc Business Loans: Get Funds Without Proof of Income

Ally Financial No PG Business Vehicle Loans Summary

One of my favorite offers from Ally is their business vehicle loans–They’re one of the select few lenders I know of to offer business vehicle loans that don’t require a personal guarantee (no-PG) and no credit check.

Learn more about the option to get vehicle loans in your business name through Ally!

1. Approval Based on Business Credit

Ally’s no-PG business auto loans evaluate your business’s credit history rather than your personal credit. This process focuses on your company’s financial health, allowing you to keep your personal credit separate from your business.

You might also like: This is How to Leverage Business Credit to Transform Your Life

2. Ideal for Fleet Management

These loans are perfect for businesses needing multiple vehicles. Whether you need cars, trucks, or specialized vehicles, Ally provides flexible solutions tailored to your growing fleet.

3. Flexible Loan Terms

Ally offers various loan terms, usually ranging from 36 to 84 months. You can choose short-term or long-term financing to manage payments according to your cash flow and operational demands.

You might also like: A Full OnDeck Review: All You Need to Know About This Business Funding Offer

4. Competitive Interest Rates

With no personal guarantee required, business owners can protect their personal assets. This makes no-PG business auto loans a smart choice for companies looking to expand while minimizing personal financial risk.

5. Personal Asset Protection

6. Additional Costs to Consider

Buyers should be aware of potential costs, such as down payments, registration fees, and any modifications needed for the vehicles. Understanding these costs upfront can help you budget effectively.

7. Application Process

To start the financing process, you can download the commercial line of credit application from Ally’s website. It’s a straightforward process that allows you to get started quickly.

8. Work With a Local Dealer

Interested buyers should find a local dealer to learn more about eligibility, specific rates, and additional financing options available through Ally. To find dealers in your area that work with Ally Financial, see their dealer locator.

Frequently Asked Questions

What bank owns Ally Financial?

Ally Financial is an independent financial services company and does not have a parent bank. It was formerly known as GMAC Inc., a subsidiary of General Motors.

Is Ally Bank FDIC insured?

Yes, Ally Bank is FDIC insured. This means that deposits are protected up to the legal limit, which is currently $250,000 per depositor, per insured bank.

Is Ally Bank 100% safe?

While Ally Bank is FDIC insured, no bank can guarantee 100% safety. However, it is considered a reputable institution with security measures in place to protect customer information and funds.

What credit score is needed for Ally Financial?

Ally Financial typically requires a credit score of 620 or higher for its auto loans, but specific requirements may vary based on the type of loan and other factors. It’s best to check directly with Ally for the most accurate information.

Conclusion: Is Ally Financial Any Good?

So, can Ally be trusted? Well, they present some appealing options, especially with their no-PG business vehicle loans—These loans allow business owners to secure financing without risking personal assets.

However, the company faces significant criticism regarding customer service and transparency, as shown by their low ratings on Trustpilot and with the BBB.

While many customers do report positive experiences, the ongoing legal issues and mixed reviews warrant some level of caution. If you’re considering Ally Financial, weigh the benefits against the potential drawbacks. Conduct your own research and explore other financing options to be sure you make the best choice for your needs.

If you’re interested in applying for Ally’s no PG business vehicle loan, watch my recent video:

Ready to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

NAMYNOT Net 30: Marketing Services That Build Business Credit

By Joe

If you want a way to improve your business’s cash flow while better marketing your business, NAMYNOT’s Net 30 account could be what you need—This option lets you defer payments for up to 30 days, providing more financial flexibility.

Curious about how their Net 30 terms work and how they might benefit your business? Keep reading to find out everything you need to know.

This is what’s in store:

What is NAMYNOT?
- Company Overview
What is a Net 30 Account?
NAMYNOT Net 30 Features & Benefits
How to Qualify for NAMYNOT Net 30
Final Thoughts

Now, let’s roll!

What is NAMYNOT?

NAMYNOT, aka “nmi,” offers businesses a range of marketing services to support growth and visibility. According to their own marketing message, they focus on clear communication and create strategies that fit each client’s specific needs. Whether you want to strengthen your online presence or reach new customers, NAMYNOT can help with practical marketing solutions.

Here’s a quick look at what they offer:

Organic lead generation with content marketing.
Email marketing campaigns.
Custom marketing strategies, both online and offline.
Professional website design and maintenance.
Ad management.

With experience across various industries, NAMYNOT works with businesses of all sizes—They provide straightforward, adaptable solutions that can help your business move toward their goals.

And, they offer business bureau reporting, which means that you may be able to have your payments reported to help you establish or improve business credit.

You might also like: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors]

Company Overview

namynot inc. 159 n sangamon st pmb 2726, chicago, il 60607, états-unis

NAMYNOT Inc. is a Chicago-based web services company that was allegedly founded in 1999 (according to Crunchbase) or 2000 (according to LinkedIn) by Antonio Wells. The company is active and in good standing in the state of Illinois, but their incorporation date was in 2021.

Now, I did find namynot.com in the Wayback machine as early as 2002, which indicates that the company was probably in operation before that time. Based on the homepage screenshot saved over 20 years ago, the brand’s design trends were quite different at that time, with a focus on flash animation web design.

For fun, I popped in to see what NAMYNOT’s website looked like in 2010, and there had been quite an improvement.

Since the company’s launch, Wells has worn many hats. From 2017 to present, he’s been the Managing Director at Celebrity Myxer. From 2015 through 2017, he served as the Senior Manager of Web and Content at BlueStacks, and he was the Founder & Chief Editor at AndroidTapp for over seven years. It seems he’s an experienced entrepreneur with a focus on marketing. And, NAMYNOT is his longest-standing venture.

While I didn’t see any past or open lawsuits against the company, the Better Business Bureau (BBB) warns that they misused the BBB brand logo in that they are not accredited with the BBB. Still, they maintain 5-star reviews on the platform.

While I didn’t spend too much time searching for business aliases, I did not see NAMYNOT or nmi listed Trustpilot or Reddit. With a marketing service, this isn’t super alarming, but made me wonder if Wells had been freelancing through another platform to build clientele.

I did find wells on Upwork with 100% job success and great client reviews as far back as 2019. Clients consistently commend Antonio Wells for his SEO expertise, thorough research, and ability to create high-quality content that drives lasting results.

Upwork clients also value his professionalism, clear communication, and strategic insights, often noting how his work positively impacted their businesses. Many clients say that they plan to rehire him, describing him as reliable, knowledgeable, and easy to work with.

So, despite some ambiguity around its founding date and lack of BBB accreditation, the brand maintains a strong reputation. With consistent positive feedback and a focus on marketing, NAMYNOT has quietly built trust and credibility over the years. In short, they’re likely legit.

You might also like: How Can Crown Office Supplies Help You Build Business Credit?

What is a Net 30 Account?

A net 30 account is a type of credit account that gives you 30 days to pay off a purchase after receiving an invoice. It’s pretty common in business-to-business transactions.

For example, if a company buys supplies from a vendor with net 30 terms, they don’t have to pay upfront—they’ll get an invoice and have 30 days to settle it. It helps businesses manage cash flow by giving them more time to pay for goods or services while still keeping operations running smoothly.

And, many contemporary net 30 vendors offer payment reporting to business credit bureaus.

NAMYNOT Net 30 Features & Benefits

Again, NAMYNOT has a net 30 offer that’s worth a look. Here, explore the features and benefits of being approved for their net 30 terms.

1. Pay Later

With NAMYNOT’s net 30 business line of credit, you have the flexibility to purchase digital marketing services now and defer payment for up to 30 days—This means you can invest in essential services, like a website redesign or social media advertising, without immediate financial strain.

For example, if you need to launch a marketing campaign to promote a new product but are short on cash this month, you can use the net 30 option. You can focus on growing your business while managing your cash flow more effectively.

2. Build Business Credit

Timely payments on your Net 30 account contribute positively to your business credit profile. When you pay your invoices on time, your payment history is reported to Dun & Bradstreet (the leading business credit bureau).

This can improve your creditworthiness and open doors to better financing options in the future. As a business owner, you might become able to secure a higher credit line or more favorable loan terms, which makes it easier to fund your growth ambitions.

3. No Personal Guarantee Required

One of the significant advantages of our Net 30 account is that it does not require a personal guarantee or a credit check. This feature protects your personal credit score and separates your business finances from your personal finances.

For instance, if your business faces a financial hiccup, your personal assets remain safe. This can give you peace of mind as you focus on running and scaling your business.

You might also like: Here’s How to [Actually] Get Business Credit With Just an EIN +More

4. Up to $10K Credit Line

You can qualify for a credit line of up to $10,000, giving you ample resources to invest in your business. Whether you want to launch a new marketing initiative, hire freelance talent for a project, or upgrade your office equipment, a credit line can give you the flexibility you need.

Imagine having the capital to execute a comprehensive digital marketing strategy without immediate cash outflow—this could significantly boost your business visibility and sales.

You might also like: What is the Best Credit Card for Ad Spend? Expert Insights

5. Easy Application Process

Applying for a Net 30 account is straightforward and free of charge. This means you can get access to critical funding without the burden of complicated applications or hidden fees. The streamlined process allows you to focus on what matters most—growing your business.

Once your application is approved, you can start using your credit line almost immediately, which enables you to act quickly on new business marketing opportunities.

You might also like: Free, Printable Business Credit Application Template (+How to Use it)

How to Qualify for NAMYNOT Net 30

To qualify for a NAMYNOT net 30 account, make you meet the following requirements:

You own a profitable, U.S.-based business.
Your business is active and was registered at least 90 days ago.
You want to take advantage of NAMYNOT’s services.
You own at least 25% of the business.
Your business has an EIN and a DUNS Number.
No past, negative payment history has been reported about your business.
You have a professional website.

If you run a profitable business, have the title of Authorized Officer, and meet all the above requirements, you can confidently apply for a NAMYNOT Net 30 account.

Note: If you don’t yet have a professional website, NAMYNOT might be able to help.

You might also like: The CEO Creative Net 30 Review: Is it Worth Your Time?

Final Thoughts

NAMYNOT offers marketing services alongside a net 30 payment option, which can help you manage cash flow while investing in your business. Whether you need digital marketing, a website redesign, or want to build your business credit, their flexible terms can help without the pressure of upfront payments.

With an easy application process, no personal guarantee, and credit lines up to $10K, NAMYNOT’s Net 30 option could be a practical choice if you’re looking to expand your marketing efforts. What do you think?

Do you wanna learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

FairFigure Review: Is it Really That Easy to Build Business Credit?

By Joe

I first discovered FairFigure when writing up my most recent post, a comprehensive Fidextech review. I found it so interesting that I put it at the top of the list to research next. Now, here’s everything I know.

Let’s take a look at what FairFigure is, see an overview of company leadership, and explore the features of the card in detail.

This is what’s in store:

What is FairFigure?
- Company Overview
FairFigure Capital Card Features
FairFigure Partnership Opportunity
Conclusion: Is FairFigure Legit?

Now, let’s roll!

What is FairFigure?

FairFigure is a platform designed to help small business owners build, monitor, and improve your business credit. They offer a service that allows you to track both your business and consumer credit scores in real time. It includes features like a Business Credit Correct tool that helps identify and fix incorrect information.

FairFigure also offers the FairFigure Business Capital Card, which you can use to get funding without personal credit checks or personal guarantees.

Key features include:

Business and consumer credit monitoring.
FairFigure Capital Card that helps build credit while providing same-day funding.
Payment reporting to commercial credit bureaus.
Identity Theft Protection and Darknet Scanner to help secure your company.

With FairFigure, there are no personal credit checks for funding or credit applications, since they rely on business EINs instead. The company positions itself as a tool to help businesses grow by helping them improve credit scores and secure better funding options.

You might also like: Low-Risk NAICS Codes +Best SIC Codes for Business Credit in 2024

Company Overview

FairFigure Capital LLC is a Fort Lauderdale-based company that was founded in 2021 by Dana Angelino. Angelino happens to own and co-own several other companies, including numerous net 30 offers that help people build business credit.

His other businesses include:

Crown Office Supplies
Shirtsy
Signsy
Greentees
Coconut Bikinis
A few others

So, FairFigure’s founder is as informed as anyone could be about the business credit building market and net 30 offers. Other than a bank executive, I can’t think of a better background for a business credit builder company leader.

While FairFigure is not Better Business Bureau-accredited, they have an A- rating on the platform, with minimal complaints and a handful of positive reviews from satisfied users.

I didn’t find any FairFigure reviews on Trustpilot, mentions on Reddit, or staff reviews on Glassdoor. Most of the reviews I did find appeared to be affiliate reviews, so I assume they were somewhat biased.

Without ever having applied for the card myself, I can only say that, if I were a betting man, I would wager that the company is trustworthy based on what I know about its leadership.

With that said, I did notice something about the offer that is quite misleading. FairFigure claims to offer cashback on card purchases.

However, while I was searching for the cashback amount, I came across a blog post on the official website that states: “Instead of cash back, [the FairFigure Capital Card] benefits primarily revolve around your credit.”

I’m not a fan of deceptive messaging or brands with a lack of transparency, so this doesn’t sit so well with me. But, even without cashback, the offer is worth taking a look at.

You might also like: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors]

FairFigure Capital Card Features

The FairFigure Capital Card is a “no PG” (no personal guarantee) business credit builder card. It lets you apply using your company’s EIN, which allows you to build business credit without personal credit checks or guarantees.

The card offers:

Flexible four or eight week repayment terms.
Credit monitoring tools.
Identity theft protection.
Reporting to commercial credit bureaus.

Moreover, it provides funding based on business revenue and reports payments to key business credit bureaus, which helps boost your credit score. Ultimately, it’s designed to separate personal and business finances, which makes it practical for small businesses that want to build credit and access funding.

Note, funds must be repaid in full within the payback terms you choose—It’s more like a corporate card, not a credit card.

1. No Personal Guarantee

You don’t have to worry about personal credit checks or guarantees when you apply for the FairFigure Card—This keeps your personal and business finances separate, which reduces the risk to your personal credit score and assets.

No PG business credit offers are perfect for businesses that want to build credit solely through their EIN.

You might also like: Here’s How to [Actually] Get Business Credit With Just an EIN +More Options

2. Adjustable Spending Limits

Your spending limit with FairFigure is based on your business revenue. For example, if your business meets the qualifications, you could start with a $1,000 limit. As your revenue grows, so does your spending power.

So, if your business brings in $10K in monthly revenue, you might qualify for an $8K limit. The scalability allows you to extent your purchasing power as your business expands and gives you access to more capital when needed.

3. Net 30 or Net 60 Repayment Terms

Net 30 or net 60 terms refer to how much time you have to pay back what you’ve borrowed. With FairFigure’s card, you can choose either 30 or 60 days to pay your balance in full.

If you choose net 30, you’ll need to pay off your card in full within 30 days of making a purchase. And, if you choose net 60, you have 60 days.

4. Personal and Business Credit Monitoring

For $30 per month, FairFigure offers business credit monitoring that helps you track your financial health.

FairFigure monitors business credit scores from:

Fundex
CreditSafe
Equifax

And, provides consumer credit monitoring from:

Equifax
Transunion
Experian

This service not only keeps you updated on your credit scores but also reports your $30 monthly subscription as a separate vendor tradeline.

So, paying for the monitoring service helps build your credit faster by adding an extra positive payment to your business credit report.

5. Identity Theft Protection

With the $30 credit monitoring subscription, FairFigure includes $1 million in identity theft protection to safeguard your business. You’ll also benefit from a Darknet scanner that alerts you if your business’s sensitive information is exposed.

With this added security, you can focus on growing your business without the worry of identity theft.

6. Reporting to Business Credit Bureaus

According to FairFigure’s official website, they report data to:

Equifax Commercial
CreditSafe USA
SBFE
Their own Foundation Report

So, you can get your credit monitoring and FairFigure card payments reported to these bureaus.

However, there is no current indication that FairFigure reports to Experian Business or Dun & Bradstreet. This may change, so it’s a good idea to check their official website for the most up-to-date information.

You might also like: Everything You Need to Know About a DUNS Number – and Why You Should Care

FairFigure Partnership Opportunity

Again, I first learned about FairFigure through Fidextech, a web design and marketing agency that offers FairFigure net 30 terms to their clients, which caught my attention.

Through the affiliate program, you can earn up to $120 for each client or customer who signs up and is approved for the FairFigure Capital card. The card allows you to offer net 30 terms to your clients who can then pay you while building positive payment histories.

The program supports new businesses by establishing their profiles with credit bureaus and helps most business owners get approved for at least $1,000 in initial funding.

You might also like: A Complete Fundwise Capital Review: Should You Use Their Business Funding Services?

Conclusion: Is FairFigure Legit?

So, can you really build business credit that easily with FairFigure? It’s a bit more complex than a simple yes or no. While FairFigure offers two tradelines—the Capital Card and the monitoring service—these alone may not be enough to significantly boost your business credit.

Still, you can use the FairFigure card to pay your other tradelines, which might be super helpful. Keep in mind that paying $30 for credit monitoring is optional and may not be necessary on the business credit building journey; there are other ways to track your credit without this added expense.

Ultimately, FairFigure provides some solid tools, but building substantial business credit often requires more than just these offerings. Consider your options carefully before you dive in.

Want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

The Growegy Net 30 Account: Is it a Legitimate Offer?

By Joe

When you’re looking to build business credit, and you also need an automated project management system, Growegy might make your shortlist—It’s one of the few project management platforms that offers net 30 terms. If this is the case, there are some things you need to know for sure whether it’s legit and worthwhile.

Here, learn what Growegy offers, how much it costs, and whether it’s the right platform for your needs. Then, find out what you can expect from Growegy Net 30, in terms of business credit building.

This is what’s in store:

What is Growegy?
- Growegy Pricing
- Company Overview
Growegy Platform Features
Growegy Net 30 Overview
- What Business Credit Bureau(s) Does Growegy Report to?
- How Do You Cancel Your Growegy Account?
Conclusion: Is Growegy Legit?

So, let’s roll…

What is Growegy?

Growegy is a marketing management platform that helps you organize, plan, and track your marketing campaigns and programs all in one place. When you log in, you’ll start with a calendar view that shows you everything at a glance, whether you want to see your tasks for the month, week, or even the day.

Apparently, with Growegy, you can:

Create and manage individual projects.
Assign tasks to team members.
Keep an eye on your progress.

The platform enables you to group your marketing efforts into campaigns—This way, everything stays connected and aligned with your goals…all while you build business credit with net 30 payment terms.

With customizable views and simple tools, Growegy is meant to help you make sure your marketing strategy runs smoothly across all channels. Whether you’re running a small social media campaign or a larger multi-channel effort, Growegy might be able to help you stay on top of it all.

You might also like: The CEO Creative Net 30 Review: Is it Worth Your Time?

Growegy Pricing

Growegy has two available pricing plans:

Monthly Plan (basic) for $55 per month, which saves you $60 per year.
Annual Plan (advanced) for $600 paid in $200 installments over three months.

Both plans include project management for up to eight users, monthly business development consultations, business credit reporting, and Growegy AI (powered by ChatGPT).

Basic users will be able to use GPT-3.5 and advanced accounts get the upgraded GPT-4. GPT-4 is a more advanced, accurate, and capable version of GPT-3.5, designed to better understand and generate human-like text.

Advanced users also get a higher credit amount reported for the full 12 months and enhanced support.

Company Overview

While Crunchbase lists Growegy Inc. as a San Francisco-based business, the company isn’t searchable in California’s Secretary of State database. On LinkedIn and a couple of other sources, Growegy is located in Boca Raton, Florida. Allegedly, the company was founded in either 2018 (according to the about page on growegy.com) or 2020 (as reported on the Crunchbase profile).

Their own website says that they were founded by “people who wanted to help small businesses grow.” But, one Pitchbook entry lists their founders as Danny Williams, Alex Gridnev, and Iana Ishcuk—this entry lists the company in Livermore, California.

I couldn’t verify Growegy Inc. as a registered business in either California nor Florida. After that, I decided to peek in at Deleware’s Secretary of State database, since they have the most business-friendly laws and lots of tech businesses seem to register there and list their companies as foreign entities in other states.

Lo and behold, I found them registered in Delaware, though the registration didn’t become active until 2023. With all this, there is a clear lack of transparency into their location and time in business, which are red flags.

On one hand, knowing that the company has only been in operation since January 2023 helps to explain why they have no profiles on Trustpilot and BBB. However, I couldn’t even find any Redditor comments, questions, or reviews, which tells me there really aren’t many trust signals at all.

The bottom line is that Growegy hasn’t been in business long enough for me to recommend them with any sense of confidence. However, they have received an honorable mention from Nav, which is a business credit authority that I trust. And, they are active on social media, which tells me there are probably real people running the business, but they don’t have a ton of engagement.

Growegy Platform Features

Growegy offers robust tools for project management, content creation, and digital marketing. Their AI tools assist with writing and refining content, while integrations with Google Calendar, Salesforce, and Outlook keep your tasks and customer data organized. They also provide marketing services and a loyalty program with rewards for long-term users.

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1. AI-Powered Project Management

Growegy AI offers a range of tools to generate and refine content. You can use it to brainstorm ideas, write drafts, fix grammar, and more. Simply click on the Growegy AI icon to start. You can chat with the AI, asking up to 25 questions per session, and access previous chats for reference.

Prompts guide the AI to perform tasks, and the Prompt Library helps you find and reuse prompts across different categories. Variables allow you to save and reuse specific details like company names or product info, streamlining your prompts.

For frequent changes, use additions directly in prompts. Growegy AI is continually expanding its features, including upcoming options for custom prompts and variables.

You might also like: Cred AI Review: Are You Really Better Than Your Bank?

2. App Integrations

The Growegy platform integrates with Google Calendar, Salesforce, and Microsoft Outlook—this can streamline your workflow by keeping all your scheduling, customer relationship management, and communication in one place.

Syncing with Google Calendar or Outlook helps make sure your marketing tasks and deadlines are seamlessly managed alongside your regular appointments. The Salesforce integration aligns your marketing projects with customer data, improving lead tracking and campaign effectiveness.

Overall, these integrations can help you stay organized, coordinate with your team, and stay productive, but the integration process is pretty manual and requires API authorization.

You might also like: The PEX Card: Is it the Best Corporate Card for Your Business?

3. Agency Services

They also offer digital marketing services designed to optimize or manage your marketing.

Growegy’s services include:

Advertising, SEM, PPC, & paid social
Website & SEO
Creative & content

They handle the placement of your ads across various platforms, including search engines and social media, to effectively reach and persuade your target audience. Growegy can build or manage your website, offering design, development, and hosting services. They also provide SEO optimization and produce various types of content for your marketing needs.

You might also like: 31 Free & Cheap Marketing Ideas

4. Loyalty Program

If you’re a monthly subscriber, you’ll be eligible for Growegy’s loyalty benefits after you’ve been on the platform for five months. Annual users can take advantage of the loyalty program by their fourth month.

Some of the rewards include:

A set of social media or ad copy with an image.
An SEO technical review.
A website design review.
An SEO content review and keyword suggestions.
Advertising account setup.
Five engraved bottle openers or metal business cards.

This program lets you try out some of Growegy’s extra services as a thank you for your loyalty.

Growegy Net 30 Overview

To apply for a Net30 account with Growegy, you need to provide your business’s EIN or Tax ID number in addition to contact info. You’ll choose the plan you want and apply. The application process is quick, with account creation completed within 48 hours.

After approval, you will receive invoicing details and can start using Growegy’s services.

You might also like: JJ Gold Net 30: Build Business Credit Buying Jewelry +More

What Business Credit Bureau(s) Does Growegy Report to?

Growegy reports your transaction history to several business credit bureaus to help build your business credit. They automatically report to bureaus like Experian and Equifax. For Dun & Bradstreet, they offer manual verification to make sure your payment history is accurately recorded.

This means your business credit allegedly gets built across multiple bureaus to help you establish a solid credit profile.

How Do You Cancel Your Growegy Account?

You can cancel your account through the billing portal, by emailing support@growegy.com, or by contacting your account manager. They will process your cancellation within 48 hours, and it will take effect in the next billing cycle.

Conclusion: Is Growegy Legit?

Growegy is a relatively new player in the project management and business credit space. While they offer a unique combination of services, including AI-powered tools and net 30 payment terms, the company’s legitimacy comes with some concerns. Their recent registration and lack of established reviews or clear transparency about their business location are red flags that can’t be ignored.

However, Growegy does report to major business credit bureaus, which is a positive sign for those looking to build business credit. They also offer a comprehensive loyalty program, which adds value for long-term users.

Ultimately, whether Growegy is right for you depends on your risk tolerance. If you’re comfortable with a newer company and are interested in their specific offerings, Growegy might be worth a try.

Want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!