business credit

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

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 Leave a Comment

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.

You might also like: What’s the Best Remote Desktop Software for Windows & Mac?

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!

How to Find Aged Shelf Corporations Under $500 +Likely Issues

By Joe

Starting a business is no small feat, especially when you want to hit the ground running with a company that already has some history. Aged shelf corporations can be a shortcut to many goals. They almost instantly give you an established entity with credibility that can speed up access to business credit.

If you’re on a budget, you might be looking for shelf corporations under $500. This guide will explore these affordable options, answer common questions, and touch on some caveats you should think about.

This is what’s in store:

How Much Does a Shelf Corporation Typically Cost?
- Can You Buy an Aged S Corp?
- What Are the Assets of a Shelf Company?
Is Buying a Shelf Company Worth It?
How to Choose the Right Shelf Corporation Under $500
Frequently Asked Questions
Conclusion

Now, let’s dive in.

How Much Does a Shelf Corporation Typically Cost?

The price of a shelf corporation can vary, much like vintage items—Prices can range from a few hundred bucks up to $10K, so it’s super important to do your research.

Several factors influence the cost of a shelf corporation:

Older shelf corporations usually come with a higher price tag because of the corporate history.
The state where the company is registered also affects the cost—Some places have higher fees and maintenance expenses while some have more corporation-friendly laws than others.
Pricing can vary based on additional services like help with the ownership transfer or compliance.
A shelf corporation with a desirable name or specific legal structure might cost more.
And, if the shelf company comes with extra documents like an EIN or credit reports, this can also increase the price.

Of course, demand in certain areas or industries can influence pricing trends as well. Consider your needs and check for any hidden costs before you make a decision.

Can You Buy an Aged S Corp?

You can absolutely purchase an aged S Corp—This is a type of shelf company that elects to be taxed under Subchapter S of the Internal Revenue Code. These entities offer benefits such as pass-through taxation, which can be advantageous.

S Corps are available on several shelf corporation marketplaces. If you elect to purchase one, make sure the S Corp you’re considering has kept up with necessary filings and compliance requirements.

You might also like: How Much Does it Cost to Start an LLC (Beyond Licensing)?

What Are the Assets of a Shelf Company?

Shelf companies usually don’t have significant assets or liabilities. They’re like blank slates with a history, meaning their value comes from their age and the credibility they bring, not from physical or financial assets.

However, this can vary. Some shelf corporations may have been involved in transactions or other activities, while others remain completely unused and empty.

You can’t necessarily use a shelf corporation with no trading history and simply pretend it has been in business for a long time.

If you buy a shelf corporation that has been involved in activities like buying and selling products or services, be careful—There might be hidden problems or debts from its past. Make sure to carefully review business history and get legal advice to avoid future issues.

You might also like: 3 Best Business Credit Cards for a New LLC +More Resources

Is Buying a Shelf Company Worth It?

Buying a shelf company can be a smart move if you need to quickly establish business credibility. Instead of enduring the lengthy process of setting up a new business, you can quickly step in with a shelf company, making the setup process simple and hassle-free.

An aged shelf corporation might provide:

Instant credibility
Faster credit access
Time savings

First, these established companies tend to provide instant street cred—Their age can make your business appear legit right from the start, which potentially earns you greater trust from customers and partners.

Shelf companies can also open doors to opportunities that require a business with history, like:

Meet a corporate lease requirement
Fulfill a business contract requisite
Satisfy a business loan or credit stipulation

Business lessors, decision-makers, investors, and lenders often favor companies with a few years of operation.

Aged shelf corporations with credit package

So, an established shelf corp can make it easier to kickstart your business—Plus, if you want to expand into new markets, a shelf company might streamline some of the legal and regulatory aspects of your expansion. And, if the shelf company comes with a desirable name, you get the benefit of using it without the effort of registering a new one.

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

How to Choose the Right Shelf Corporation Under $500

To find the best shelf corporations under $500, search online marketplaces and business brokers.

Make sure the shelf company meets your requirements:

Age
Compliance status
State of incorporation
Name
Financial history
Additional services
Seller reputation

For the most part, shelf corporations available in this price range are less than a year old. But, just because they’re not listed doesn’t mean they’re necessarily unavailable.

Ask your friends, family, or anyone in your network if they have an old business they never used. My uncle had one, and lots of people do. If you can get it back in good standing, you might be able to buy it for under $500.

Now, let’s explore how you can go about making sure a registered entity has everything you need.

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

1. Check the Age of the Shelf Corporation

To start, evaluate the age of the shelf corporation—An established company with several years of history can offer significant advantages, like a credibility boost and easier access to credit.

If you’re looking at shelf corporations costing less than $500, you’ll usually find ones that are about a year old or younger. These newer companies might not seem as trustworthy as older ones, but they can still be useful in some cases.

2. Verify Compliance Status

Next, make sure that the shelf corporation is in good standing with all relevant regulatory requirements. Check that all necessary filings and fees have been paid and that there are no outstanding penalties or compliance issues.

A corporation in good standing reflects proper maintenance and reduces the risk of legal complications. Request documentation from the seller to verify the company’s compliance status and confirm that it meets all legal requirements.

3. Review the State of Incorporation

The state where the shelf corporation is registered can have a major impact on its advantages. Some states offer more favorable business laws, tax benefits, or regulatory conditions.

For example, Delaware is known for its business-friendly environment—this might be beneficial depending on your needs. Evaluate whether the state of incorporation aligns with your business strategy and operational requirements.

4. Examine the Name of the Corporation

The name of the shelf corporation is another critical factor to consider. A name that fits well with your branding or operational needs can enhance your business’s image and save you from the hassle of registering a new one.

Ensure the name is appropriate and does not conflict with existing trademarks or legal issues. A suitable name can help you establish a professional presence more quickly and seamlessly.

5. Check Financial History and Liabilities

It’s super important to investigate the financial history of a shelf corporation to make sure it’s free of any outstanding liabilities or debts. A clean financial record is crucial to avoid inheriting potential financial issues.

Request detailed financial statements or reports from the seller to verify that the corporation’s financial history is clear. Make sure there are no hidden obligations that could complicate your acquisition.

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

6. Look for Additional Services and Features

When you evaluate a shelf corporation, consider any additional services or features included in the purchase.

Some sellers offer extras like:

Help with ownership transfer
Regulatory documentation preparation
A credit-building package

These added benefits can streamline the setup process and provide additional value—Assess what’s included in an offer to determine if it meets your specific needs and adds convenience to the transaction.

You might also like: How to Create a Business Credit “Entity”

7. Confirm the Legal Structure and Fit

Verify that the legal structure of the shelf corporation aligns with your business needs. Whether you require an LLC, S Corp, or another type of entity, ensure that the corporation’s structure supports your operational and regulatory requirements.

The right legal structure can provide the appropriate legal protections, tax advantages, and operational flexibility. Confirm that the shelf corporation fits well with your business strategy and goals.

You might also like: Sole Proprietorship VS LLC: How to Choose Your Entity Wisely

8. Research the Seller’s Reputation

Finally, choose a shelf corporation from a reputable seller with positive reviews and a solid track record. A trustworthy seller will make sure you receive a legitimate, well-maintained entity—this minimizes the risk of potential issues.

Research the seller’s background and customer feedback to verify their reliability and the quality of their listings. A reliable seller will provide peace of mind and help ensure a smooth acquisition process.

You might also like: 11 Alternative Ways for Entrepreneurs to Raise Capital

Frequently Asked Questions

What are aged shelf corporations with credit packages?

These are shelf companies bundled with additional services like credit-building packages. These packages might help you secure business credit faster with extra resources.

What are the best shelf corporations under $500?

The best shelf corporation depends on your specific needs and preferences. Look for companies that offer a balance of age, credibility, and any extra features you might need.

Are Delaware shelf corporations for sale?

Yep, many sellers offer Delaware shelf corporations, which are popular because of Delaware’s business-friendly laws.

Can I buy a wholesale shelf corporation?

Yes, purchasing multiple shelf corporations at once, or a wholesale shelf corporation, can sometimes offer a discount—This option might be ideal for investors or businesses that need several entities.

Conclusion

Aged shelf corporations under $500 can offer a cost-effective solution for quickly establishing a business with a credible history. By understanding the costs, benefits, and legal aspects, you can find the right shelf company to meet your needs.

Looking to boost your business with a shelf company, faster access to credit, and a year of free Business Credit Elite Club membership? Get a 3-year old shelf corporation and elevate your business today.

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

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

By Joe

When you’re building business credit, you should be on the lookout for vendors that can report on-time payments to business credit bureaus—This can help you establish your company as a responsible entity that can later obtain larger lines of business credit. The CEO Creative is one such vendor that has a particularly interesting offer.

Here, we’ll look at the offer in full. Then, you can decide if you want to

This is what’s in store:

What is the CEO Creative?
What Does the CEO Creative Do?
Alternatives to CEO Creative
How Do You Cancel CEO Creative?
Conclusion: Is The CEO Creative Legit?

Now, let’s get to it!

What is the CEO Creative?

The CEO Creative offers a Net 30 account specifically designed for US-based businesses. They have a minimum requirement of being operational for at least 30 days and maintaining a clean payment history.

The CEO Creative net 30 program provides access to a diverse range of products and services including:

Branded apparel
Office supplies
Electronics
Logo & web design
More

By opting for their net 30 account, you can enjoy benefits such as interest-free purchases, automated accounting reports, and online support—This setup is meant to help you manage cash flow effectively by allowing up to 30 days to settle payments after purchase, streamlining your accounting processes, and aiding in inventory and profit forecasting.

Once you sign up, you may be able to access a CEO Creative coupon code on their Special Offer page.

The best part? CEO Creative is designed to help you build credit by reporting on-time payments to business credit bureaus.

You might also like: How to Build Small Net 30 Tradelines to Get Business Credit

The CEO Creative Requirements

Does The CEO Creative report to Dun and Bradstreet

To qualify for The CEO Creative Net 30 account, your business must meet several key criteria:

It should be located in the United States
It must have been operational for at least 90 days.
It needs a clean payment history with no late payments.

Additionally, there’s an annual fee of $49 upon approval, and a minimum order of $40 is required when shopping via Net 30.

Now, there are some considerations. If payments are not made on time, it could negatively impact your business credit when reported. And, CEO Creative does not report to Dun & Bradstreet (D&B), which could be a drawback since D&B is often used by lenders to evaluate business credit.

Who Does CEO Creative Report to?

CEO Creative reports to Equifax Business—Again, they do not report to D&B. Information reported to Equifax Business does not automatically transfer to Dun & Bradstreet, and vice versa.

Equifax Business and D&B are two separate entities that collect and analyze business credit information independently. While they both gather data from various sources like trade credit, public records, and financial institutions.

So, if you leverage this service, it will help you build your Equifax Business credit profile, but not your D&B business credit score.

Company Overview

The CEO Creative, or CEO Creative Inc., is a Florida-based business that officially filed articles of incorporation in 2020. So, they’re only a few years old. It was founded by Plato, LLC, an entity registered at the same address (on West Dixie Highway in Aventura, Florida).

The CEO Creative reports to which credit bureaus?

Plato LLC is registered to one Nir Appleton. The only person I found with this name in the area is also the CEO of Simplio Web Studio, and previously worked as:

The Advertising Director at Pita Plus
The President of Hot Buckles, Inc.
The Office and Online Marketing Manager at AAB Style, Inc.

Simplio Labs Inc. is also registered with Florida Sunbiz under Plato, LLC, so I think it’s safe to assume this Nir Appleton is the one behind CEO Creative’s offer—I can’t speak to his business credit authority, but he seems to have diverse entrepreneurship experience.

I wasn’t able to scrape up anonymous reviews from CEO Creative staff on Glassdoor or any other sites, which tells me the company is small. And, they don’t have a Trustpilot platform or any reviews on Reddit. However, they do have a Better Business Bureau profile, where they maintain an A- rating, despite not being BBB accredited.

The CEO Creative has a handful of BBB complaints. Customers accuse them of refusing to close accounts and issue refunds, shipping products despite cancellation requests, and reporting them to credit bureaus without proper notification.

These Complaints also mention:

Defective products
Poor customer service
Unprofessional behavior
Failure to report on-time payments to credit agencies as promised

The company’s responses have all been satisfactory to the BBB, and all complaints have been closed.

I would like to see a bit more transparency into the company leadership and will watch to see where they stand in a couple of years, when the business is more established. But, in all, this is a legit company, actively registered and in good standing in the state of Florida.

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

What Does the CEO Creative Do?

In sum, The CEO Creative sells product on a net 30 terms offer, and promises to report on-time payments to Equifax Business. Here are the offers that you can take advantage of to build your business credit with this company.

1. Physical Products

As a business owner, you can find a wide variety of physical products from CEO Creative to support your needs. Their offerings include apparel, electronics, and phone accessories, which can be essential for your daily operations. For your office, they provide supplies and customizable products to help you stay organized and professional.

If you want to promote a healthy workplace, you can also explore their gym equipment and health and wellness items. And, they have a range of items like gift baskets, coffee, diffusers, beanies, tape, tumblers, toys, and water bottles, which can be useful for employee gifts or office use.

Let’s compare CEO Creative’s prices to major retailers like Amazon and Walmart:

Envelopes: CEO Creative (40/pack) $3.79 vs. Walmart (45/pack) $5.00
Pencils: CEO Creative (12 ct) $2.50 vs. Amazon (12 ct) $6.00
Sticky Notes: CEO Creative (100 ct, 4/pack) $3.99-$5.99 vs. Amazon (4/pack) $8.00
Correction Fluid: CEO Creative (2/pack) $3.49 vs. Walmart (2/pack) $4.50
Coffee Tumbler: CEO Creative (14oz) $19.99 vs. Amazon (16oz) $17.00
Wireless Camera: CEO Creative $57.99 vs. Amazon $35.00

CEO Creative’s prices are often competitive and sometimes significantly lower, though some items are more expensive. When you’re building business credit, you don’t necessarily need to bargain shop since most of what you purchase for your business you can write off on your taxes. Always speak to an accountant for personal tax advice.

You might also like: Newegg Net 30: Build Business Credit Shopping for Electronics

2. Logo & Business Card Design

CEO Creative offers two graphic design services:

Professional Logo Design is priced at $199, down from $299. This fee covers a modern, high-quality logo, with the design process starting within 48 hours and usually completed in a week. The price seems reasonable compared to the average market rate for professional logo design, which often ranges from $200 to $500.
Business Card Design costs $159. This includes a PNG file and an editable PDF of your business card. Note that printing is not included and is offered separately. This price is on par with industry standards, though it does not cover printing, which is an additional expense.

Overall, the prices are competitive, but be aware that printing services are not included and must be arranged separately.

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

3. Business Design Templates

CEO Creative offers a range of downloadable business design templates that can be useful for various business needs:

Business Plans: Templates for business plans include a 5-year plan at $7.99 for 30 pages, a more detailed 48-page version at $9.99, and specialized plans for industries like Airbnb, beauty, and cleaning, generally priced between $6.99 and $12.99. These prices are reasonable compared to similar templates available in the market, which often range from $10 to $20.
Email Newsletters: Templates for email newsletters come in bundles of 30, 50, and 100 pages, with prices ranging from $7.99 to $12.99. These costs are in line with industry standards for professional email templates, which typically range from $10 to $20.
Social Media Templates: For Instagram, options include templates for posts, stories, highlights, and more. Prices range from $9.99 to $12.99, which is reasonable for social media design resources. Similar bundles from other providers are usually priced between $10 and $20.
Miscellaneous Templates: Other offerings include various business templates like mini bundles at $4.99 and niche bundles for real estate or small businesses, priced around $6.99 to $7.99. These prices are competitive and fall within the typical range for business template bundles.

Overall, the prices for these templates are competitive and reasonable, offering good value for digital design resources. Note that printing is not included and must be arranged separately.

Note that a Canva Pro account starts at $12 per month and you can access premium designs if you want to take a stab at your own designs on the platform.

You might also like: How Much Does it Cost to Start an LLC (Beyond Licensing)?

4. Printing Services

CEO Creative’s printing services include a variety of products suited for business needs:

Bumper Stickers: Priced at $85.00 for a set of 50, these are made from glossy, premium outdoor vinyl with a 3-year durability. This price is reasonable for high-quality, long-lasting bumper stickers.
Car Door Magnets: Available in sets of two, with prices ranging from $50.00 to $125.00 depending on size and customization. This is a competitive rate for mobile advertising.
Business Cards: Matte business cards are $124.95 for 1K cards. These prices reflect the high quality and variety of finishes available, fitting industry standards for premium business card printing.
Brochures: Short-run brochures start at $202 for 50, which is typical for smaller print quantities.

Note that CEO Creative offers several types of business cards, including matte, uncoated, and soft-feel options, to suit different needs and preferences.

You might also like: Summa Office Supplies: Should You Leverage These Net 30 Terms?

5. Web Packages

CEO Creative offers a few web packages designed to meet various business needs:

Standard 1 Page Website: At $49 per month for 12 months, this basic package includes a personalized design, secure hosting, regular maintenance, and text content write-up. There’s a $100 setup fee—This option is suitable for simple needs but may not be ideal if your business requires more extensive features or additional pages.
Business Website: For $95 per month for 12 months, you get all the features of the Standard plan plus up to 5 pages, website analytics setup, and monthly scans and updates. The setup fee is $179—This plan is a good middle ground for small to medium-sized businesses that need a bit more depth and functionality.
Sell Online E-Commerce Website: Priced at $195 per month for 12 months, this plan includes everything in the Business Website package plus up to 10 static pages, unlimited product pages, a free domain name, and 3 hours of remote training. There’s a $299 setup fee—This package is suited for businesses looking to sell products online and need a more robust e-commerce platform.

If you need a more complex website, including features like a blog, you can request a quote. Custom projects involve revolving monthly payments and vary in cost based on the project’s scope—This option allows for more tailored functionality but requires direct discussion with the service provider.

The prices for these packages are competitive and reflect the inclusion of design, development, hosting, and maintenance.

You might also like: A Complete Northwest Registered Agent Review & Analysis

Alternatives to CEO Creative

The CEO Creative is not your only option for net 30 spending that reports your on-time payments to business credit bureaus. In fact, there are tons of companies that do just this.

On our blog, we have a list of net 30 vendors, and give access to our full list to Business Credit Workshop members. However, there aren’t a ton of graphic and web design services that report on-time payments to business credit bureaus—this is where The CEO Creative stands out. But, they’re not your only option.

There are alternatives to CEO Creative that offer graphic design and/or web packages. For example, Fidextech specializes in web design and digital marketing services such as PPC ads, SEO, and logo design.

Growegy provides marketing tools and services, including marketing AI software, a project management calendar, and marketing agency services—they also offer annual and monthly payment plans.

NAMYNOT offers a range of digital marketing services, including SEO, content writing, social media management, PPC, and web design and development.

Meanwhile, Office Garner includes website design services as part of their offerings.

All of these vendors can help with graphic design and web-related needs while offering net-30 terms to build business credit. I always recommend you shop around and find the right offers for you.

How Do You Cancel CEO Creative?

To cancel your account or services with CEO Creative:

Call The CEO Creative customer service number at (754) 755-0445.
Have your account information ready to help expedite the cancellation process.
Request confirmation of your cancellation to ensure that all services have been terminated and that you won’t incur further charges.

And, it’s always a good idea to ask for email verification when you cancel a service.

Conclusion: Is The CEO Creative Legit?

CEO Creative is a legitimate company with a unique offer that allows you to build your business credit while accessing a range of useful products and services. They provide net 30 terms and report to Equifax Business, which can help strengthen your credit profile.

Though they’ve faced some customer complaints, their BBB rating and active registration in Florida add to their credibility. And while they don’t report to Dun & Bradstreet, you can still benefit from building out your Equifax business profile.

If their offer aligns with your needs (and you’re comfortable with their terms), CEO Creative could be a valuable tool in your business credit-building strategy. Always do your research and consider all your options before making a decision.

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

Newegg Net 30: Build Business Credit Shopping for Electronics

By Joe

If you’re a business owner who wants to build business credit, and you’re in need of any of Newegg’s range of electronics, you may be interested in Newegg net 30 payment terms. Using their net 30 terms responsibly, you can get your on-time payments reported to business credit bureaus…But, is it worth it?

Here, I’ll explain exactly what you can expect with Newegg net 30, from the product offer to how to apply, and how your payments can impact your business credit. I’ll share everything I know.

This is what’s in store:

What is Newegg Net 30?
How to Get a Newegg Business Account & Apply for Net 30 Terms
What Does Newegg Net 30 Do?
Frequently Asked Questions
Final Thoughts

Now, let’s dive in!

What is Newegg Net 30?

Newegg Net 30 is a “buy now pay later” credit line offered to businesses through Newegg Business, which allows you to manage your purchases with ease (and build credit). With Net 30 terms, you have 30 days to pay for any purchases, free of fees—This flexibility helps with managing your cash flow, giving you extra time to settle your invoices.

The service includes a centralized account management dashboard for primary users, which enables easy access to view and manage all your invoices in a printer-friendly PDF format. You can also manage and increase your spending limits as needed.

To apply for Newegg Net 30, you need a Newegg Business account. The application process takes approximately 3-5 business days, and approval notifications are sent via email.

After that, you can make purchases with net 30 terms (or net 55) and Newegg will report your on-time payments to Dun & Bradstreet and Equifax Business. In turn, on time payments will contribute to an increased business credit score.

What Does Newegg Offer?

Newegg offers a comprehensive range of electronics and IT products tailored for businesses. Their selection includes:

Computer hardware
PCs and laptops
Data storage solutions
Networking equipment
Servers
IT solutions

They also provide computer peripherals, POS and digital signage, business software, and office supplies. Additionally, Newegg has products in the automotive and industrial sectors, as well as a variety of refurbished items.

Whether you need business laptops, desktops, docking stations, printers, or software, Newegg has a wide array of products to meet your business needs.

You might also like: Summa Office Supplies: Should You Leverage Net 30 Terms?

Newegg Net 30 Requirements

Newegg Business serves all sized businesses, education institutions, government entities, healthcare procurement, and VARs & SIs—To apply for Newegg Net 30 terms, you need to make sure you meet several key requirements.

First, you must have an active Newegg Business account—This account serves as the foundation for managing your transactions and credit terms with Newegg. Only the primary account holder is eligible to apply for Net 30 terms, although they can authorize sub-users under the account to use the credit line.

You will also need to provide your organization’s DUNS number, a unique identifier often required for business credit applications.

Moreover, gather essential business information including your:

Registered business name (with DBA if applicable)
Federal tax ID or Employer Identification Number (EIN)
Organization phone number
Registered business address
Your organization’s website URL

You also need a business email address to create a Newegg Business account to apply for Net 30 terms. This email will serve as your login for the account and will be used for communication regarding your Net 30 terms application and other account-related matters.

Lastly, ensure you have user information ready for the primary user who will manage the account, including their first and last name, job title, a business email domain, and a chosen password.

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

Company Overview

Newegg Business Inc. is a Los Angeles-based, for-profit eCommerce company that was founded in 2001 and officially established as a subsidiary of Newegg Inc in 2011. The company is currently active and in good standing with the California Secretary of State.

Newegg’s current CEO, Anthony Chow, has been with the company since 2006, and has a strong executive background, having previously worked with STI corp, Otto Group, and Haier.

However, they have a below industry average rating on Glassdoor, where employees are fairly unsatisfied with their treatment. Newegg has a 2.2-star rating on the platform, with particularly low senior management ratings.

While staff opinions can tell you a lot about a company, customers are even more important to listen to. NeweggBusiness has garnered a poor TrustScore of 2 out of 5 on Trustpilot from 12 reviews.

Trustpilot complaints primarily focus on issues such as poor customer service, delays in order processing and delivery, product quality concerns, and difficulties with returns and refunds. Keep in mind, this sample is rather small, and people are more likely to leave a review when they’re upset than when they’re satisfied.

I found one lawsuit targeted at Newegg Business Inc., which was filed by Rose Moroso for personal injury that doesn’t fall under other specified categories. The case is currently pending in the Chatsworth Courthouse of the Los Angeles County Superior Courts in California.

Because the case is pending, I can’t speak to any conclusions that might be drawn.

In all, the Newegg Business Inc., the company that oversees Newegg Net 30, is a legitimate business, but they may have some issues with customer service and employee satisfaction.

You might also like: How to Use a Home Depot Business Account to Boost Your Credit

How to Get a Newegg Business Account & Apply for Net 30 Terms

Applying for Newegg Net 30 terms is straightforward if you follow these steps:

Log into your existing Newegg Business account or create a new one if you haven’t already.
Navigate to your account dashboard where you’ll find the “Apply” link within the Net 30 Term Account section. Click on this link to access the application form.
Fill out all required fields accurately and completely, Make sure that all business and user information is correct and up-to-date.
Submit the application form electronically through the provided interface.

Processing typically takes 3-5 business days, so you’ll have to wait—You will receive an email that notifies you of your application status. If Newegg requires additional information or verification, they will contact you using the primary email associated with your account.

For further assistance or questions about the application process, contact Newegg Business directly at (888) 482-6678 or email sales@Newegg Business.com.

You might also like: This is How to Get Grainger Net 30 Terms (+Build Business Credit)

What Does Newegg Net 30 Do?

Newegg Net 30 offers businesses a valuable financial tool by providing a flexible payment option for purchasing electronics and other essential products. This payment term allows businesses to manage their cash flow effectively, balancing immediate operational needs with financial stability. It’s akin to having a line of credit tailored to your purchasing needs, offering convenience and flexibility in procurement.

1. Comprehensive Product Offer

Newegg boasts a diverse array of electronics, hardware, and software products suited for businesses across various industries. From high-performance computing equipment to everyday office supplies, Newegg covers a wide spectrum of business needs.

Now, Newegg’s prices aren’t the best. To show you an example, I pulled two products at random:

Newegg has the highest advertised price on the Brother IntelliFax-2840 High-Speed Laser Fax.

But, their price for the Acer Nitro XZ271U 27″ 1500R Curved Zero-Frame Monitor is competitive.

While prices on Newegg may sometimes be higher, the convenience and deferred payment option can outweigh the slight premium. And, compared to other net 30 vendors I know of, their prices don’t seem to be marked up quite as much—I believe this is because they work with various vendors, which drives competitive pricing.

When shopping on Newegg, consider the total cost of ownership rather than just the upfront price. Factor in the convenience of deferred payment and the business credit-building potential, which has value in itself. And, keep in mind that you can probably write off some of these purchases, though you’ll have to ask your accountant to be sure.

You might also like: Is Dell Business Credit Worth Your Time?

2. 30 or 55 Days to Pay

The 30-day and 55-day payment windows that Newegg Business Net 30 and Net 55 offer can significantly impact your business finances by providing a buffer in cash flow management—This period allows you to procure necessary equipment or supplies without immediate financial strain. Buying now and paying later can preserve liquidity for other expenses.

However, it’s super important to honor payment deadlines diligently to avoid late fees and maintain a positive relationship with Newegg Business. When you don’t pay on-time, you’re at risk of having this reported to business credit bureaus as well, which can negatively impact your business credit.

Note: Newegg’s Net 55 terms are harder to come by and offered through Synchrony Bank (accessible after your business credit is established).

Use your 30-day or 55-day payment term strategically to optimize your cash flow. By timing your purchases and payments just right, you can synchronize cash inflows and outflows, which can make your business finances more stable. And, along with other vendor offers like Uline Net 30 or Amazon Net 30, you can use your purchases to boost your business credit score.

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

3. Reasonable Application Process

While instant account approval isn’t an option, Newegg’s Net 30 application process is straightforward and typically processed within 3-5 business days. You are required to furnish basic business information and undergo a credit evaluation—This cautious approach helps make sure that credit terms are extended responsibly.

You can get your business matched with suitable purchasing power without unnecessary delays. You can also treat the application process as an opportunity to assess your business’s financial health—By understanding your creditworthiness and how it’s perceived by vendors like Newegg, you can proactively manage and improve your business’s financial standing over time.

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

4. Reports to Business Credit Bureaus

One of the standout benefits of utilizing a Newegg Net 30 account is that they report on-time payments to business credit bureaus. This helps establish and strengthen your business credit profile, potentially opening doors to better financing options and vendor relationships in the future.

On the other hand, failing to pay on-time can negatively impact your credit score, limiting your access to favorable terms from other suppliers and financial institutions.

And, some people have cited that they don’t report frequently or that their payments weren’t reported at all. Whether this is true or not, I can’t personally speak to.

Look at your net 30 account, not just as a purchasing tool, but as a means to build long-term financial credibility. Consistent, timely payments demonstrate reliability and responsibility, which can enhance your business’s reputation and negotiating power in the marketplace.

You might also like: 2 Additional Vendors that Report to DNB Automatically

5. Affiliate & Reseller Programs

Newegg Business offers two key programs beneficial for small businesses interested in leveraging their offerings and utilizing Net 30 terms.

The Affiliate Program allows you to earn commissions by referring customers to NeweggBusiness through their websites. It’s free to join, requires no startup or maintenance fees, and provides easy-to-use marketing tools such as text and banner links.

You can promote a wide range of products including:

Computer electronics
Office supplies
Networking gear

The Reseller Program enables you to sell directly on Newegg’s platform, which reaches over 350,000 verified business customers and taps into a global marketplace of over 37.3 million customers. Sellers benefit from low commission rates applied only to successful sales, along with tools like Shipped By Newegg (SBN) for streamlined fulfillment services.

You might also like: A Complete Fundwise Capital Review: Should You Apply for Funding?

6. Rewards Program

Newegg Business Rewards is a loyalty program where you earn “BizPoints” based on your purchases, with higher tiers offering increased benefits.

At the Platinum level (for purchases over $20K), you earn 2 BizPoints for every $2 spent, along with perks like hassle-free returns and discounted Saturday deliveries.
Gold level members (spending up to $5K), earn 1.5 BizPoints per $2, with benefits including free shipping on eligible orders over $500.
Silver level (for purchases up to $4,999), earns 1 BizPoint per $2, and provides access to exclusive offers.

So, purchases on the platform are incentivised.

You might also like: Full Shopify Credit Review: Are the Cashback Rewards Legit?

Frequently Asked Questions

Can you finance a PC on Newegg?

Newegg offers financing options through partners, including terms like Net 30 and Net 55, allowing you to finance purchases, including PCs.

Does Newegg let you make payments?

Yes, Newegg accepts various payment methods, including credit/debit cards and financing options such as Net 30 and Net 55, tailored to different purchasing needs.

Does Newegg report to Dun & Bradstreet?

Yes, Newegg Business reports net 30 payment history to Dun & Bradstreet and Equifax Business. Timely payments can positively impact your business credit profiles with these bureaus.

How many Net 30 accounts should you have?

It’s recommended to have a few well-managed Net 30 accounts to build your business credit effectively. Aim for a manageable number, typically ranging from 2 to 5 accounts, depending on your business’s size and credit goals.

What is the Newegg scandal?

The Newegg scandal involved a situation where a customer returned an open-box motherboard to Newegg, but upon receiving it, Newegg claimed it was “damaged.” This assertion was contested and, despite the controversy, Newegg eventually resolved the issue by offering a refund to the buyer.

Final Thoughts

Newegg Net 30 offers a strategic way to manage cash flow while building your credit profile through timely payment and reporting to business credit bureaus—This service provides flexibility with 30-day repayment terms, which enables you to access a wide range of electronics and IT products without immediate financial strain.

Despite some concerns about customer service and employee satisfaction, Newegg Business Inc. remains a viable option for businesses seeking to optimize purchasing power and enhance their creditworthiness in the marketplace.

If you’re considering leveraging Newegg Net 30, weigh its benefits against potential drawbacks to make an informed decision for your specific circumstances.

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

9 Best Business Credit Books Worth Reading in 2024

By Joe

The best way to get business credit is to research and learn everything you can about the process. But, that doesn’t mean you should believe everything you read or hear. The best business credit books are those that provide practical advice, real-world examples, and proven strategies from experts who have successfully navigated the business credit landscape.

Here, I share the best business credit books you can invest in to get tangible results.

This is what’s in store:

What are the Best Books on Business Credit?
- 4 Best Books on How to Build Business Credit
- 5 Best Credit Repair Business Books
Bonus Tips to Build Business Credit Fast
Frequently Asked Questions
Obtain Up to $100K in Business Credit With Business Credit Workshop

Now, read on!

What are the Best Books on Business Credit?

Business credit books tend to fall into one of two categories.

Books on how to build business credit
Credit repair business books

So, I’ve included a section here for each segment. First, we’ll look at the best books for small business owners that want to learn how to build business credit. Then, we’ll explore the best books for credit repair business owners.

You might also like: A Credit Stacking Breakdown: What it is & How it Works

4 Best Books on How to Build Business Credit

Instead of just relying on your own money, traditional loans, or investors, learning how to build business credit gives you a smart way to access funds that fit your business needs.

These books can help you keep your personal and business finances separate, lower financial risks, and set your business up for steady growth by using credit wisely and responsibly.

1. The #1 Technique to Get No-Doc Lines of Credit

The free report on how to obtain up to $100K+ in business credit in 30 days offers a shortcut to acquiring significant business credit quickly, highlighting strategies to secure financing without traditional financial documentation. It outlines essential steps for building a strong business credit profile, the best tradelines for business credit, and identifies top lenders offering lines of credit and credit cards without the need for income verification.

You’ll need to upgrade to a membership for detailed criteria for lender qualifications and comprehensive strategies for long-term credit management. This report is ideal for small business owners who want rapid access to business credit.

> Get The #1 Technique to Get No-Doc Lines of Credit

2. LLC QuickStart Guide

If you’re looking to build business credit, the “LLC QuickStart Guide” by Matthew C. Lewis is a must-read. It covers the essential steps to form a Limited Liability Company (LLC), which is crucial to protect your personal assets and professionalize your business—This book addresses the complete LLC formation process across all 50 states, from documentation and compliance to writing Articles of Organization and an Operating Agreement.

It also simplifies LLC taxes and offers strategies to minimize tax liabilities. While it’s excellent for understanding the foundational aspects of LLCs and asset protection, you’ll still need additional resources on specific business credit-building strategies and maintaining a strong credit profile over time.

3. Small Business Finance for the Busy Entrepreneur

“Small Business Finance for the Busy Entrepreneur” by Sylvia Inks is invaluable when you’re looking to build business credit because it focuses on practical financial strategies essential for sustainable business growth. It addresses crucial elements such as how to understand business finances, manage cash flow effectively, and make informed financial decisions—all vital to lay a solid foundation to qualify for and manage business credit.

This book stands out by offering step-by-step instructions and real-life case studies that illustrate the impact of financial management on business success. However, while it excels in financial management tips, you’ll still need to supplement with resources specifically tailored to building and managing business credit profiles, including nuances of credit reporting and strategies to establish credit relationships with lenders effectively.

You might also like: 1-800Accountant Reviews: Expectations vs Reality

4. How to Win Friends and Influence People

When you’re aiming to build business credit, “How to Win Friends & Influence People” by Dale Carnegie offers timeless insights that can be instrumental, especially in networking with local banks—a critical aspect of credit building. This classic emphasizes interpersonal skills crucial for fostering positive relationships, which are vital when approaching lenders for business credit.

It addresses foundational elements like building rapport, understanding others’ perspectives, and influencing decisions positively. However, while it excels in interpersonal strategies beneficial for networking, you’ll need additional resources focused specifically on financial literacy, credit reporting nuances, and practical steps to establish and maintain a robust business credit profile effectively.

You might also like: 3 Best Credit Unions for Small Business Banking in 2024

5 Best Credit Repair Business Books

Instead of relying solely on personal strategies or generic financial advice, learning from credit repair business books provides you with specialized knowledge to effectively navigate the complexities of offering credit repair services.

These books offer targeted insights into:

Improving credit scores
Disputing inaccuracies
Guiding clients toward financial health

They equip you with proven techniques and legal guidelines essential for helping individuals and businesses regain financial stability and achieve their credit goals responsibly.

1. Credit Secrets

“Credit Secrets” by Scott and Alison Hilton is ideal for anyone diving into the credit repair business because it delves into practical strategies that helped the authors overcome financial challenges.

It covers essential elements like:

Understanding credit repair techniques
Negotiating with creditors
Leveraging legal protections for consumers

This book provides valuable insights into building a credit repair business by sharing personal experiences and proven methods that can help clients improve their credit scores.

However, while it offers foundational knowledge and success stories, you’ll need additional resources to navigate legal complexities, stay updated on industry regulations, and master advanced credit repair techniques.

2. How to Remove All Negative Items From Your Credit Report

The book ‘How to Remove ALL Negative Items from your Credit Report’ by Riki Roash is a valuable resource for anyone starting a credit repair business because it provides a straightforward, do-it-yourself approach to removing derogatory items from credit reports.

It’s particularly useful for understanding the exact steps professionals use to dispute and remove negative marks, such as charge-offs, bankruptcies, and late payments, which is essential knowledge in the credit repair industry. By following Roash’s step-by-step guide, aspiring credit repair professionals can learn how to navigate the credit reporting system effectively and help clients improve their credit scores.

However, while this book offers practical methods for disputing negative items, building a successful credit repair business also requires understanding consumer protection laws, ethical guidelines, effective client communication, and ongoing updates on credit industry regulations. This additional knowledge ensures compliance and enhances the credibility and effectiveness of the credit repair services provided.

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

3. Rapid Results: Credit Repair Credit Dispute Letter System

“RAPID RESULTS Credit Repair Credit Dispute Letter System” by John D Harris is a valuable resource for anyone entering the credit repair business because it offers a comprehensive system backed by the author’s extensive expertise in finance and credit management.

Harris, with a background as a loans officer and Credit Bureau Manager, provides insider knowledge on effective credit dispute strategies and how to navigate recent legal changes affecting credit repair practices—His inclusion of attorney-written dispute letters and direct email support makes this book particularly practical for beginners looking to initiate credit repair services.

However, while it covers essential dispute tactics and provides direct access to the author for guidance, aspiring credit repair professionals will still need to deepen their understanding of compliance with the Credit Repair Organizations Act (CROA), maintain awareness of evolving industry standards, and develop additional skills in client communication and service delivery.

You might also like: Credit Repair Cloud Reviews Examined: Is This Offer Legit?

4. The Culture Code

“The Culture Code” by Daniel Coyle is a valuable resource for anyone entering the credit repair business because it provides essential insights into building a cohesive and motivated organizational culture, which is crucial for fostering teamwork and achieving business success.

Coyle explores how successful groups like SEAL Team Six and IDEO cultivate strong cultures of:

Trust
Collaboration
Innovation

The practical strategies that can be applied to any organization, including credit repair firms—It addresses key elements such as fostering trust among team members, promoting effective communication, and creating an environment where learning and adaptation thrive.

However, while it excels in explaining the dynamics of successful group cultures, aspiring credit repair professionals will still need to focus on specific industry knowledge like consumer credit laws, ethical practices in credit repair, client management strategies, and the latest developments in credit reporting and scoring systems.

You might also like: From Hire to Retire – Finding & Engaging a Committed Workforce

5. Governance, Risk Management, and Compliance

“Governance, Risk Management, and Compliance” by Richard M. Steinberg is a valuable read when you’re venturing into the credit repair business because it offers deep insights into how effective governance and risk management strategies can safeguard businesses against pitfalls and enhance long-term success.

Steinberg, a renowned expert in corporate governance, provides practical guidance on how to establish:

Robust processes
Organizational structures
Essential technologies

You can use this information to achieve your goals while navigating regulatory landscapes. The book delves into critical elements like compliance programs, risk management practices, and the board’s role in overseeing corporate strategy and performance measures.

However, while it addresses foundational aspects crucial for business stability and growth, aspiring credit repair professionals will need to complement this knowledge with specific expertise in consumer credit laws, effective dispute resolution techniques, client relationship management, and ongoing industry developments.

You might also like: Business Credit Repair: How to Get Your Business Credit Back on Track 

Bonus Tips to Build Business Credit Fast

Here are some essential tips to guide you as you build your business credit profile:

Start small — Begin with smaller credit lines and manage them carefully. This approach demonstrates reliability to future lenders and sets a strong foundation.
Always pay your bills on time — Timely payments are crucial for building a solid credit reputation and unlocking larger credit opportunities in the future.
Diversify your credit — Explore various credit options such as business credit cards, trade lines with suppliers, and small lines of credit. This diversification reduces financial risk and showcases your ability to manage multiple credit relationships effectively.
Build relationships with lenders — Foster positive connections with lenders and vendors who report to business credit agencies. Their endorsements can significantly enhance your credit standing and lead to better terms.

Remember, building business credit is a gradual process. Each strategic step you take strengthens your business’s financial health and opens doors to greater growth opportunities.

Frequently Asked Questions

What is good credit to start a business?

A good personal credit score to start a business is typically 700 or higher. But, having a strong business credit profile is equally important, which involves having a solid payment history, low debt levels, and positive relationships with lenders and vendors.

Can I get credit with my LLC?

Yes, you can get credit with your LLC. Establish business credit by obtaining an Employer Identification Number (EIN), open a business bank account, access tradelines that report to business credit bureaus, and apply for the right business credit cards or lines of credit. Keep personal and business finances separate to build a strong business credit profile.

How to get a 100 business credit score?

To achieve a perfect 100 business credit score, pay all your bills on time or early, maintain low credit utilization ratios, and establish diverse credit accounts such as trade lines and business credit cards. Regularly monitor your business credit reports for accuracy and develop strong relationships with vendors who report to credit bureaus.

How do I get my first business credit line?

To get your first business credit, register your business and get an EIN. Open a business bank account, apply for a business credit card or a small line of credit, and establish trade lines with vendors that report to business credit bureaus. Ensure all payments are made on time to build a positive credit history.

Obtain Up to $100K in Business Credit With Business Credit Workshop

Don’t miss out on the transformative power of business credit to lift your business. Mastering business credit isn’t just about funding—it’s about seizing opportunities that propel your growth and secure your financial future. Imagine accessing up to $100K in business credit within 30 days, empowering you to scale operations, invest in marketing, expand your team, or seize new business ventures.

Start paving the way to financial independence and business success now! Join Business Credit Workshop today!