How They Work and How to Get Them -by Gerri Detweiler May 5, 2020 - nav.com

6 Easy Approval Net-30 Accounts

  1. Summa Office Supplies
  2. Quill
  3. Grainger
  4. Uline
  5. Wise Business Plan
  6. Crown Office Supplies

If you’re looking to establish business credit with easy net-30 accounts, this comprehensive guide will help you understand how to get started. We recommend you review the entire guide to get the full picture of how to build and maintain strong business credit using trade credit.

1. Summa Office Supplies

Products offered: Office supplies such as paper, folders, envelopes, labels, etc.

Reports to: Experian and Equifax (business credit)

Worth noting: Summa Office Supplies is eager to work with small businesses, and their stated goal is to provide the “human touch.” They offer credit for both new and well-established businesses and will provide written trade credit references upon request. As you establish a positive payment history, you can request larger credit lines.

Open a Summa Office Supplies account now. Use code SOSNAV at checkout.

2. Quill

Products offered: Office supplies, including a wide variety of supplies in the following categories:  cleaning, coffee/snacks, safety, laboratory, healthcare, health and wellness, and more.

Reports to: Dun & Bradstreet

Worth noting: Some business owners with no business credit history have reported they were required to purchase at least $100 of products per month over a 90 day period and pay those off before qualifying for a net-30 account.

Open a Quill account now

3. Grainger

Products offered: Over 1.6 million industrial and safety products offered

Reports to: Dun & Bradstreet

Worth noting: While a Grainger account is generally easy to get, some business owners have reported that they were unable to qualify immediately because they had no business credit references, or because their business was just recently incorporated. Some found they were able to talk with a representative to establish credit terms, while others had to start with other accounts.

Open a Grainger account now

4. Uline

Products offered: Packaging, janitorial, food service, safety warehouse supplies and more

Reports to: D&B and Experian (business)

Worth noting: Most business owners report success opening a credit account with Uline. If your business is young and you have trouble qualifying, you can contact their credit department.

Open a Uline account now

5. Wise Business Plans

Wise Business Plan® specializes in creating professionally written business plans, pitch decks, and Powerpoint presentations for small business owners. Plans cover a variety of purposes, including franchises, non-profits, as well as investor grade and bank compliant plans. Each business plan is custom written by writers with MBAs, researchers, and financial modelers, and are professionally designed. Wise Business Plan purchases are paid for with 50% due upfront and 50% due before releasing the draft. Those purchases are reported to Dun & Bradstreet.

Open a Wise Business Plans account now

6. Crown Office Supplies

Products offered: A wide variety of office supplies including everything from artwork to computers to snacks and more

Reports to: All major commercial credit agencies, including Dun & Bradstreet, Experian, Equifax, Credit Safe, and NACM

Crown Office Supplies is eager to work with both new and established businesses. There is no personal credit check. Businesses without an established commercial credit history will be offered base credit lines that can grow as long as they are making their payments. There is a $99 annual fee (which may be waived for businesses with a strong business credit history.) This annual fee is reported to the bureaus, which may further help the business establish credit.

Open a Crown Office Supplies account now

Before You Start

Before you start applying for vendor accounts, it’s important to target your efforts so you apply for accounts for which you are likely to qualify. Some companies have more stringent requirements. Here, we will show you how to start with easy net-30 terms and work your way up to additional accounts:

We recommend you take these steps before you apply for vendor credit:

  1. Get an Employer Identification Number (EIN) from the IRS. Many businesses obtain an EIN for tax-reporting purposes. An EIN will not be the identifying number in the business credit system the way Social Security numbers are for personal credit; however, you may need an EIN for credit applications.
  2. Register your business with your state. We strongly recommend you form a legal entity such as an LLC, S Corp or C Corp. If you decide to continue operating as a sole proprietor (no legal entity) we recommend you at least register your business name as a fictitious name (also known as a “DBA”) with your state. DBA is different from shelf corporations.
  3. Get a D-U-N-S number if your business doesn’t already have one. This is the identifying number in the Dun & Bradstreet business credit database. Not sure if your business has one? Look up your business credit for free here.
  4. List your business phone number with directory assistance. Here’s how.

When You Apply

  • Use your business name and information on the application.
  • Be consistent in the way you list your business name, address, phone number, etc.
  • Avoid using personal information such as your Social Security number whenever possible.

You may have to start with a low credit limit initially. As you establish a track record of on-time payments you can ask for a higher credit limit. Remember, these companies want to do business with customers who make purchases and pay on time.

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