Your Business Must Be At A USPS
Listed Business Address
Having a USPS listed business address is an important component.
Business Address and Location:
Lenders have observed that home based businesses have a significantly higher default rate on their loans compared to businesses with physical locations. This means that if you include a residential address on a business loan or credit application, you will immediately be labeled as a higher risk of default and therefore more likely to be declined.
It is crucial that the address of your business appears to be a business address. Avoid using a post office box. While you can use your home address for building business credit, please note that some lenders may not provide funding to "home based" businesses. However, this will not prevent you from establishing business credit scores, although it may limit your funding options.
DO NOT USE MAIL STOPS (Box Rentals)
Using Mail Stop Addresses May Get You Declined
A Mail Stop refers to a convenient local post office or postal store that offers mailbox rental services within their store premises. However, utilizing such addresses may raise concerns among lenders and credit providers, as they might perceive your business as fictitious and pose a high risk of default. It is important to note that these are not virtual offices, but rather services provided by establishments like The UPS Store, Fedex Office, Postal Annex, Postnet, and other similar local providers.
It is crucial to bear in mind that potential creditors often conduct Google searches on your stated business location. It becomes apparent that these storefronts are not the actual location of your business. Therefore, when your business address is searched on Google, it is preferable for it to appear as an office building, executive suite, or shared workspace.
USPS Listed Business Address
Compliance Item - Having A USPS Business Listed Address
To properly establish and build credit, your business needs a deliverable physical address and NOT a PO Box. If you don't have an actual storefront or office location, you can run your business from anywhere and still have a qualifying business address with a Virtual Office Solution.
Visit any of these providers to learn more about USPS Compliant business address solutions in your area?
Contact Us
Email: admin@vergefive.com
Address:
100 South Garnett St
Henderson NC 27536