Key Success Element #2 - Reporting Tradelines
Reporting Tradelines: The Foundation Of Business Credit
Tradelines are simply the accounts that appear on your credit reports. From a business credit perspective, you should strive for at least 10 reporting tradelines on your business credit reports, and 5 of those should be vendors offering products or services on Net Payment terms. Completing the Business Success Assessment shows you exactly how many reporting tradelines you have right now — and where to get more.
Run Your Free Business Success Scan NowReporting Tradelines Explained
Completing the assessment gives your business direct access to:
Over 4,000 Business Lenders
Get access to more than 4,000 business lenders and their lending programs, all in one place.
Hundreds Of Credit Providers
See hundreds of credit providers along with their specific approval terms, so you know exactly what each one requires.
More Than 3,000 Vendors
Find over 3,000 vendors extending credit terms for virtually every product and service imaginable — the Net Payment accounts your business needs to build reporting tradelines.
Why Reporting Tradelines Matter
Just like on your personal credit reports, having only one or two reporting tradelines doesn't give lenders enough credit history to accurately judge your risk. Building at least 10 reporting tradelines — with 5 of those being vendor Net Payment accounts — creates a real payment history that lenders, vendors, and credit providers can use to determine how reliably your business pays its bills. To get there, you need access to lenders, credit providers, and vendors who actually report to the business credit bureaus.
The Bottom Line
Getting 10 business credit reporting tradelines is the easy part — knowing where to find them is the hard part. Once you complete the Business Success Assessment, that hard part disappears. Every lender, credit provider, and vendor is available to you and easily searchable, so you can find exactly what your business needs.
Find out how many reporting tradelines your business has right now, and get access to the lenders, credit providers, and vendors you need to build the rest.
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