Setting the Stage for Building Robust Business Credit


Complete these foundational items before building business credit.

Register with your secretary of state and get an Employer Identification Number (EIN) to establish and grow your business.

Establish a business bank account and formulate a comprehensive business plan.

Uncover the complexities and hidden challenges of establishing business credit.

Gain access to a plethora of resources that will assist you in developing business credit with valuable tips and tricks.

The 4 Key Business Identifiers You Need to Get Right from the Start

*** Must-Read: Key Business Identifiers (Essentials) Explained ***

Before embarking on the journey to build your business credit, it’s crucial to ensure that your business presents a professional and credible appearance. Vendors and lenders often conduct thorough evaluations, and a business profile that resonates with the stature of a Fortune 500 company or a reputable lending institution stands a better chance of fostering trust and confidence.

We strongly recommend establishing key business identifiers that will enhance your business’s credibility. These include:


  1. Business Telephone Number: A dedicated business line that enhances professional communication.
  2. Business Website: A well-crafted website that showcases your business’s offerings and values.
  3. Business Emails: Professional email addresses that align with your business domain.
  4. Business Address: A physical or virtual business address that solidifies your business presence.


Ensure that these foundational elements are firmly in place before filing any paperwork with the secretary of state. These identifiers are not just essential assets; they will accompany your business throughout the entire credit building process, playing a pivotal role in how your business is perceived and evaluated.

For a streamlined and guided approach to building your business credit, you can navigate through each essential step by clicking the links provided in each section below.



Cautionary Item - Your Business Name

How Business Naming - Can Have An Unintended Negative Impact

Many lenders in the business industry tend to avoid dealing with high risk businesses that are well-known, often rejecting applications solely based on the name of the business. Consequently, incorporating certain terms into your business name can decrease the likelihood of obtaining approvals, elevate loan costs, or affect your merchant payment processing. Below, you will find a compilation of the most frequently encountered high risk terms.

Adult

Alcohol

Ammo

Auctions

Bail

Billing

Beer

Booking

Broker

Cannabis

Capital

Cashing

Check

Cigarettes

Collections

Credit

Dating

Dealer

Debt

Dropshipping

Fantasy

Financial

Financing

Firearms

Fitness

Gambling

Guns

Gym

Insurance

Lending

Liquor

Loan

Media

Mortgage

Pawn

Psychic

Real Estate

Realtor

Repair

Smoking

Telemarketing

Tobacco

Tour

Travel

Vape

Vending

Warranties

Wine

Share by: