Add at least 2 new reporting vendors

Whitney Cumbo

23h (edited) • 💎Whitney Gems

Your goal is to increase the number of trade lines that report positive payment history under your EIN.

More reporting vendors → more established business credit history → higher chances for larger limits and approvals.

Action steps

Choose vendors that report to business credit bureaus. Common categories: office supplies, shipping, construction supplies, business services. (If you want, I can give vendor recommendations tailored to your industry.)
Apply for net-30 or vendor credit accounts. When applying, use your business name and EIN (not your SSN) if possible. If they ask for personal guarantee, be prepared.
Start small and pay on time. Use the account for a small, necessary purchase and pay on or before terms to ensure “positive” trade reporting.
Confirm reporting. After 30–90 days, check your business credit profiles (Dun & Bradstreet, Experian Business, Equifax Biz, Nav) to confirm the new trade line posted.
Repeat until you have 2+ new positive tradelines.

Sample outreach script to vendor:

Hi [Vendor],

I’m opening an account for [Business Name, EIN]. Do you report vendor payment history to business credit bureaus (Dun & Bradstreet, Experian Business, Equifax Business)? I’d like to set up a net-30 account if possible.

Thanks,

[Name]

Expect 30–90 days to see reporting; start immediately. Some vendors don’t report or only report to one bureau, diversify the types of vendors.

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