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?
- How Net 30 Accounts Help New Businesses Build Credit
- The Best Net 30 Vendors for New Businesses
- 1. Home Depot Commercial Account Card
- 2. Amazon Net 30 (“Pay by Invoice”)
- 3. ULINE Net 30
- 4. Grainger Net 30
- 5. NAMYNOT Net 30
- 6. The CEO Creative Net 30
- 7. Growegy Net 30
- 8. HD Supply Net 30
- 9. Office Garner Net 30
- 10. Fidextech Net 30
- 11. JJ Gold Net 30
- 12. Crown Office Supplies Net 30
- 13. Shirtsy Net 30
- How to Apply for a Net 30 Account
- Frequently Asked Questions
- Final Takeaway
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.
Recommended: This is How to Build Business Credit Fast [Step-by-Step Guide]
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.
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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.
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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
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:
- Business address & contact info.
- Secretary of State business registration/Articles of Organization.
- Employer Identification number (from the IRS).
- DUNS number.
- 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!
