You need
at least 10 - 15 trade accounts reporting on your business credit reports to qualify for the accounts in the next tier.
Please scroll down to apply and make purchases with accounts that report to the business credit bureaus if you have not already.
Keep in mind the items discussed in Step 3 so that you can have the best success in approvals with the below accounts and success with them reporting.
APPLY WITH
2-3 MORE ACCOUNTS
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When applying for trade accounts make sure you use your correct business information as it matches on all of your business records.
To make sure your accounts report Positive, make sure you make a purchase of at least $50.
It typically takes 30-60 days to complete this step and for your payments to report on your business credit reports. Continue to search your reports regularly so you are aware when they start reporting.
when planning on securing high limit funding, dont be afraid to go back a step and secure more accounts if you are not on track. when obtaining credit, the more positive accounts you have reporting demonstrates credibility to creditors and raises your scores boosting your profile & Chances of approval.
TIER: 4
4SGM MERCHANDISE
REPORTS TO:
-
D&B
TERMS:
-
Net 30
4sgm is a leader in import, wholesale, distribution and export within the general merchandise industry, online and offline.
TIER: 4
STRATEGIC NETWORK SOLUTIONS
REPORTS TO:
-
D&B
TERMS:
-
Net 10, 30, 60 ,90 or 120
Strategic Network Solutions is an Information Technology service company. Founded in 1992, we maintain an active client base of over 50,000 clients nationwide. We are headquartered in Sherman Oaks, California. Our company has invested in the latest IT training and technology to deliver superior value to our customers. We are proud authorized resellers of Webroot, Acronis, and APC.
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TIER: 4
LOWE'S
REPORTS TO:
-
D&B, Experian and Equifax
TERMS:
-
Revolving
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States and Canada. Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports its hometown Charlotte region and all communities it serves through programs focused on safe, affordable housing and careers in the skilled trades.
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TIER: 4
COSTCO
REPORTS TO:
-
D&B, Experian and Equifax
TERMS:
-
Net 23 or Revolving
a membership warehouse club, dedicated to bringing our members the best possible prices on quality, brand-name merchandise. With hundreds of locations worldwide, Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services, all designed to make your shopping experience a pleasurable one.
