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Experts say it can take three years or more to build business credit, but some creditors may only require one year. If you're trying to establish credit for a new business, these steps can help you get started.

If you have been in business for three or more years, you may qualify for a business credit card using your business credit score. More likely, though, you'll be applying with your own Social Security number, and issuers will check your personal credit score.

Experian Business Like Equifax, Experian also offers either a one-time report and scores or the option to subscribe to ongoing monitoring. For $39.95, you can pull one business credit report and see your Experian business credit scores. For ongoing access to both your reports and scores, you can pay $179 a year.

Apply for business credit One of the first steps you'll want to take is to register for a Dun & Bradstreet number, or DUNS number. A DUNS number is a unique nine-digit identification number for each physical location of your business.

If you want to build business credit quickly here are five simple steps. Step 1 – Choose the Right Business Structure. ... Step 2 – Obtain a Federal Tax ID Number (EIN) ... Step 3 – Open a Business Bank Account. ... Step 4 – Establish Credit with Vendors/Suppliers Who Report. ... Step 5 – Monitor Your Business Credit Reports.

Most business credit card issuers require good to excellent credit. That often means a 680 FICO score or above. A few, however, are more flexible and may allow personal credit scores in the mid-600s or lower.

Most business credit card issuers require good to excellent credit. That often means a 680 FICO score or above. A few, however, are more flexible and may allow personal credit scores in the mid-600s or lower.

If you want to build business credit quickly here are five simple steps. Step 1 – Choose the Right Business Structure. ... Step 2 – Obtain a Federal Tax ID Number (EIN) ... Step 3 – Open a Business Bank Account. ... Step 4 – Establish Credit with Vendors/Suppliers Who Report. ... Step 5 – Monitor Your Business Credit Reports.

Pay creditors early Payment history is the most important factor in determining your business credit score. While on-time payments are good, early payment is even better. Why? Dun & Bradstreet only assigns perfect Paydex scores, which measures a business's payment history, to companies that pay early.

Eight steps to establishing your business credit Incorporate your business. ... Obtain an EIN. ... Open a business bank account. ... Establish a business phone number. ... Open a business credit file. ... Obtain business credit card(s) ... Establish a line of credit with vendors or suppliers. ... Pay your bills on time.