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2. Find a location and establish a business identity
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Banks, lenders, credit card issuers and vendors will look at the type of business you state on an
application. For instance, if you state you have a warehouse, you should have an actual
warehouse. If you state you have a retail store you should have a real store set-up.
It will not be favorable if you are doing business from a mail box. Street mail box addresses are
legitimate; however, in order to properly build business credit it is advisable that you have a
physical location.
Home-based businesses are widely popular and growing daily. If your business is home-based,
keep in mind that it may be more difficult to separate your business and personal credit. When
using your home address as your physical location, make sure you use your home address for all
documentation and billing purposes.
If you prefer to have a post office box it is imperative that all company documents, including
business checking accounts, licenses and registrations contain both your business address
(home) and your mailing address (post office box).
It is also imperative that all business documents, business bank accounts and business licensing
utilize the same physical location address. You want to establish your business identity and
having the same address on all of your documents, referrals and listings will help you build a
good business identity.
For future business credit purposes it is a good idea to request catalogs from companies offering
business to business services, office supply and equipment merchandise and retail companies.
Start with the more popular ones such as Staples, Office Depot, Uline, Reliable, Quill, Nebs,
Seton, Pitney Bowes, Grainger and Rapidforms. There are many more but this is a good start.
You should also request retail catalogs such as Best Buy, Radioshack, Dell, Costco, Target,
Sears, Macys, Nordstrom, JC Penney, Amazon and Home Depot.
Another good way to establish a business identity is to order business magazine publications.
Some interesting ones are Fortune, The Economist, INC, Success, Businessweek and Forbes. As
you begin to establish business credit you will discover that many business to business
companies and business publications share information and your business credit profile will
benefit from being on their marketing lists. It will help you get credit offers you may have not
discovered on your own.
application. For instance, if you state you have a warehouse, you should have an actual
warehouse. If you state you have a retail store you should have a real store set-up.
It will not be favorable if you are doing business from a mail box. Street mail box addresses are
legitimate; however, in order to properly build business credit it is advisable that you have a
physical location.
Home-based businesses are widely popular and growing daily. If your business is home-based,
keep in mind that it may be more difficult to separate your business and personal credit. When
using your home address as your physical location, make sure you use your home address for all
documentation and billing purposes.
If you prefer to have a post office box it is imperative that all company documents, including
business checking accounts, licenses and registrations contain both your business address
(home) and your mailing address (post office box).
It is also imperative that all business documents, business bank accounts and business licensing
utilize the same physical location address. You want to establish your business identity and
having the same address on all of your documents, referrals and listings will help you build a
good business identity.
For future business credit purposes it is a good idea to request catalogs from companies offering
business to business services, office supply and equipment merchandise and retail companies.
Start with the more popular ones such as Staples, Office Depot, Uline, Reliable, Quill, Nebs,
Seton, Pitney Bowes, Grainger and Rapidforms. There are many more but this is a good start.
You should also request retail catalogs such as Best Buy, Radioshack, Dell, Costco, Target,
Sears, Macys, Nordstrom, JC Penney, Amazon and Home Depot.
Another good way to establish a business identity is to order business magazine publications.
Some interesting ones are Fortune, The Economist, INC, Success, Businessweek and Forbes. As
you begin to establish business credit you will discover that many business to business
companies and business publications share information and your business credit profile will
benefit from being on their marketing lists. It will help you get credit offers you may have not
discovered on your own.
More Resources
Business Opportunities
Home-based business
opportunities. Earn extra income
from your computer.
Micro Business Loans
Do you need just a little cash to
grow your business try a microloan
from the SBA.
Business Loan Sources
A little creativity and al lot of
determination can get you the
money you need.
Home-based business
opportunities. Earn extra income
from your computer.
Micro Business Loans
Do you need just a little cash to
grow your business try a microloan
from the SBA.
Business Loan Sources
A little creativity and al lot of
determination can get you the
money you need.
How to Build and Establish Business Credit in 10 Steps
by Lisa Phillips
by Lisa Phillips
Your business must have a physical location. There are executive suites that may even provide
reception, voicemail, xerox and conference room services. Executive suites can also offer you a
full corporate identity less the cost of maintaining full office suite.
reception, voicemail, xerox and conference room services. Executive suites can also offer you a
full corporate identity less the cost of maintaining full office suite.
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