How to build business credit

Jump to Last Post 1-4 of 4 discussions (4 posts)
  1. HubPages profile imageSTAFF
    HubPagesposted 9 years ago

    How to build business credit

  2. JYOTI KOTHARI profile image60
    JYOTI KOTHARIposted 9 years ago

    An entrepreneur has unique opportunity to build, maintain and acquire business credit as well as personal credit. How to build business credit? Ten steps...... read more

  3. chinweike profile image65
    chinweikeposted 8 years ago

    Business credit is as important as our personal credit is. A lot of mistakes has been made about building business credit and that is why this article has been written to help creat more awareness on the steps needed to be taken in order to build a good business credit score read more

  4. maine75 profile image58
    maine75posted 8 years ago

    First and foremost, 1) get an EIN (employer identification number) from the IRS.  Can do this online or through the mail but online is instant and will have a number in seconds after anwering some questions.  Second, 2) open up a bank account in the business name.  It can be simple like mine which the intatials of my name like ABC Holdingings Inc or ABC Reality LTD, so on and so forth.  3) Register within your state and local municiplities.  After all of this is done, your are legally to go and make sure that any loans or monery related to the business goes through the business account and try your best not to mingle personal and business money as this will keep record keeping simple.  Keep all reciepts and any other paper work for three years from the date of the record as to the IRS has three years from a return to aduit.  This is not as scary as it sounds if your records are kept in good order (don't let people fool you) as I been through one in the first threes years of mine ( second year of operating) and I was in and out in 1.5 hours and most of the time was me talking to the auditor about personal things like our kids and spouse and the the weather. Also het a profile with Experian and Dunns and Bradstreet which most lenders will use to look at the business credit.  At any cost, try your hardest to not sign a personal gurantee with any lender as to this will put you at personal risk of something happens like a lawsuit against the business, all of your assests including yours and the business will be used and if the business fails for some reason, you are personal liablile for the debts of the business.  This can be difficult for most start-ups but can be done.  A good way to avoid this is to save up as much monery as you can and out that money in the business account to use for some start-up costs like a  good potion of inventory ot a down payment on real estate and takeit from there.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)