Fidextech net 30

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

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!

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

By Joe

Historically, business credit building with net 30 terms has been reserved for vendors that sell business and office supplies or fuel cards. But, in the age of the internet, digital services like Fidextech have started to offer net 30 terms and business credit building opportunities.

Unfortunately, not all offers are created equal. It’s important to understand exactly what you’re getting when you sign up for an offer that promises to help you build business credit. Find out whether or not enlisting Fidextech for your digital creative needs will help you meet your goals.

This is what’s in store:

What is Fidextech?
- Fidextech Company Overview
Fidextech Features
Fidextech Net 30 Overview
- What Credit Bureau(s) Does Fidextech Report to?
- How Do You Cancel a Fidextech Account?
Conclusion: Is Fidextech Legit for Business Credit Building?

Now, let’s dive in!

What is Fidextech?

Fidextech is an NYC metro area digital design studio that offers a range of offers that aim to help businesses grow.

Their services include:

Digital marketing
Creative works & design
Web packages
Hosting
Product photography

As a bonus, they offer net 30 terms, which means you can pay your balance within 30 days – you don’t necessarily have to pay right away. In some cases, net 30 vendors can help you build business credit, which is a great way to get the capital you need to grow your business. I’ll share more on that later.

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

Fidextech Company Overview

Fidextech LLC is a Madison, New Jersey-based business services agency that was founded in 2017 and registered in September, 2020. Multiple sources cite the company as having ten or fewer employees.

The only human name I found to be affiliated with the company is Jeff Cyprien. On LinkedIn, he’s known as “Jeff C.” and lists himself as the Managing Director of the company.

Cyprien’s previous experience includes a few years as a Quality Assurance Automation Engineer at Verizon and Newtech and a few years as a Customer Service Social Media Associate at Conduent. I can’t say for sure that Cyprien is Fdextech’s founder, but it appears that is the most likely case.

While I couldn’t find a Better Business Bureau profile for the company, and nobody has mentioned them on Reddit, Fidextech is listed on Trustpilot. Of their 10 reviews on the platform, most of them are positive, yet their TrustScore is a middling 3.2. One user reports “very rude” customer service, while the rest of the feedback is pretty positive.

Overall, there’s a lack of transparency, which leaves me without enough information to give you any sort of opinion on the company’s legitimacy. If anything, I might say that their website and offer is deceivingly professional looking without enough trust signals.

You might also like: The Growegy Net 30 Account: Is it a Legitimate Offer?

Fidextech Features

Now, for the offer. If you sign up with Fidextech, this is what you can likely expect, based on the website and advertising.

1. Digital Marketing

The lower Domain Rating of Fidextech’s website (3.3 out of 100, according to Ahrefs) suggests that they may not have so-called “expert” SEO marketing skills. Or, to be fair, maybe they don’t implement their skills to the fullest for their own brand…

To double-check my initial assumption, I decided to peek in at a couple of their digital marketing clients’ websites at random:

prophecyhomecare.com
savorird.com

The first has low ranking metrics and the latter isn’t reachable, as of mid-September 20204. So, I don’t see any sign that they can deliver on the digital marketing offer.

Fidextech also offers digital marketing consultation. I wouldn’t be any more eager to hire them for this than I would marketing implementation.

2. Creative Works & Design

I won’t be so hard on Fidextech in the creative works and design arena—the few client websites I was able to pull up at were aesthetically appealing. And, if the brand’s own website is a testament to the agency’s skills, I would say they at least know what they’re doing in the way of web design.

However, their work examples were out of date when I viewed them. Several of the websites in the Fidextech case studies section were no longer live when I tried to view them.

3. Web Packages

If you sign up for a web package, Fidextech promises to help you with eCommerce (online shopping), CMS web design (WordPress), web development, and web support.

This means you can get help designing, redesigning, or migrating your website. You’ll need to request a quote to find out how much a customized package will cost.

4. Hosting & Domain Registration

Fidextech also offers shared and cloud hosting, dedicated server space, domain name registration, and hosting support. This can be really helpful if you’re not technologically inclined.

They offer the following domains for registration:

.com
.tech
.club
.blog

The main problem with relying on someone else for these types of services is that they might end up being the one in control of your account. But, this can be a good thing if that’s what you prefer.

5. Product Photography

Finally, Fidextech advertises product photography services. If you need help with food photography, eCommerce or advertising product photography, or still life photography, this could be a great add-on service.

Usually, specialized photography is a standalone offer that requires you hire someone separate from your web developer or take your own website photos. So, this service might give Fidextech an edge. Sadly, I couldn’t find examples of their photo quality, so I can’t recommend this service either.

6. Dedicated Account Dashboard

It’s interesting that Fidextech offers an account dashboard for a marketing services offer. At first, it seemed more like a project tracking dashboard, but I noticed you can add services once you’re logged in.

You can register, renew, and transfer website domains without speaking to anyone at the company from inside your Fidextech dashboard…Proceed with caution because it’s impossible to say how reliable this platform’s hosting is.

Fidextech Net 30 Overview

Fidextech offers net 30 terms to “approved” customers. In this case, it appears as though you would need to be approved for the FairFigure card, which is a business credit builder offered by a third party.

So, you’ll need:

A legally established entity.
An EIN.
A business bank account that connects to Plaid.
Probably at least $2.5K in monthly revenue.

I’ve read that most businesses that apply will qualify for an initial limit of $1000 on the FairFigure card. After you’re approved, you’ll be able to pay for your Fidextech digital services with the dedicated card and pay later with net 30 terms.

The FairFigure Review is coming soon, so sign up for our emails or come back soon to learn more.

What Credit Bureau(s) Does Fidextech Report to?

Fidextech net 30 business credit reporting through FairFigure

Most business net 30 accounts that offer reporting will report directly to a business credit bureau or multiple bureaus like Experian Business, Equifax Commercial, or Dun & Bradstreet. As of September 2024, Fidextech currently reports account payments to FairFigure, which is a newer credit building platform, NOT a business credit bureau.

According to FairFigure’s official website, they report data to Equifax Commercial, CreditSafe USA, SBFE, and their own Foundation Report. So, through Fidextech (if they hold up their end of the bargain), you may be able to get on-time payments reported to these bureaus through the third party service.

There is no indication that your payments to Fidextech will be reported to Experian Business nor Dun & Bradstreet—This may change, so check the official website for the most up-to-date information.

How Do You Cancel a Fidextech Account?

To cancel your Fidextech account, provide a 30-day notice via phone at (877) 353-5223 or make an appointment via the Fidex.tech contact form. Access to products will be suspended upon termination.

According to their terms, you may be able to terminate immediately if Fidextech becomes insolvent or breaches the contract.

You can request a refund for clear balances in your advance account, unless you violated the agreement. Refunds will be processed within 14 business days, minus bank fees.

Payments during a trial period or already debited amounts are non-refundable. Follow Fidextech’s guidelines for proper cancellation and refunds.

You might also like: Office Garner Review – NET 30 Vendor

Conclusion: Is Fidextech Legit for Business Credit Building?

While Fidextech offers an intriguing opportunity for businesses seeking to build credit through net 30 terms, potential users should approach with caution. The range of services—from digital marketing to product photography—presents a comprehensive package, but the company’s transparency and customer service reviews raise concerns.

The lack of a solid track record, coupled with limited information on its business credit reporting practices, makes it crucial for you to weigh the pros and cons carefully.

Before you commit to anything, make sure you fully understand the terms and your eligibility for the FairFigure card, as well as the implications of relying on a third-party credit builder.

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