Business Credit

How to Build and Maintain Good Business Credit

1. Pay all bills on time, every time.
2. Keep debt levels low.
3. Use a variety of credit types (vendor accounts, credit cards, loans).
4. Regularly review your credit reports.
5. Avoid maxing out credit limits.”

Common Mistakes to Avoid

• Mixing personal and business finances
• Failing to monitor your credit
• Neglecting vendor relationships
• Relying too heavily on one source of credit
• Ignoring payment deadlines”

Action Plan: Start Building Today

1. Register your business and get an EIN
2. Apply for a DUNS number
3. Open a business bank account
4. Apply for vendor accounts and a business credit card
5. Monitor your business credit regularlyStarting today will set the foundation for your business’s future financial growth!”