Key Steps to Building Business Credit:
- Business Setup:
- Register Your Business:
- Business Bank Account:
- Establish Vendor Accounts (Tier 1):
- Apply for Tier 1 Business Accounts:
- Apply for Tier 2 Business Accounts:
- Establish Corporate Credit Cards (No Personal Guarantee):
- Maintain Good Credit Practices:
- Additional Credit Options:
- Avoid Certain Cards:
- It’s advised to avoid Capital One and Discover business credit cards as they report utilization on your personal credit report.
By following these steps, you can systematically build business credit for your company without relying on your personal credit. Let me know if you'd like more details on any specific parts of the process!