Using company credit cards and net 30 accounts are two of the simplest ways to demonstrate your trustworthiness to lenders. New enterprises can obtain business credit cards from established financial institutions like banks and credit card providers.
By utilizing a credit card to pay for business expenses and making sure to pay your bills on time or early each month, you may demonstrate to credit reporting agencies that your company is creditworthy. Business owners can also open net 30 accounts, which let them use credit to directly purchase the goods and services their companies need from a vendor. Vendors must be paid within 30 days of their purchases by business owners. You can establish business credit by consistently using net-30 accounts and making on-time payments on your expenses.