Many business owners build corporate credit through net 30 accounts that report to Dun and Bradstreet (DNB). These trade lines help establish responsible payment history and contribute toward a stronger credit score.
Net 30 accounts that report to DNB help increase a business’s Paydex score. A greater score translates to a better chance of approval for business loans and credit cards, without any personal guarantee requirement. As such, every business owner should set up net 30 accounts right away so they can start generating payment history on their DNB file
Quill, a paper and office supply e-retailer, is a very popular choice for small businesses looking to build credit. They accept practically every business that applies for a vendor account. These accounts are billed under net 30 payment terms.
When making a purchase, simply select the option to “Invoice My Account,” instead of paying by credit card. Your order will arrive before your payment makes it to them and you’ll receive a bill in the mail as well. Every time you make a payment, Quill will notify DNB and each payment will help build your business’s creditworthiness.
Uline, a packaging and shipping company, provides up to $1,000 in instant credits to its new business customers. Once you become a customer, you can also select their net 30 billing option. This business is one of few that will accept any applicant, so it’s a perfect way for any small business to put new trade lines on their DNB file.
HD Supply, a construction and industrial equipment supplier, offers net 30 billing terms with their vendor accounts. Go under My Account and select Apply for Credit to submit your application. From there, email it to email@example.com or fax it to 1-800-283-8883 to submit your application.
Gemplers, an agriculture and horticulture supply e-retailer, offers net 30 accounts to their customers. This company sometimes requests a prepayment for the initial order. After that, your future purchases will be set up with 30 day payment terms.
Grainger, an industrial supplies retailer, offers open account billing to its business customers but it’s on credit approval. Many new businesses have had no problem getting a net 30 account set up with them. To make a request, call 1-800-472-4643 and apply for a vendor account.
ePromos, a promotional products supplier, provides net 30 billing terms. If you can locate a better deal within 30 days of your order date, they will give you the difference back and 10% off your next order. This offer means ePromos is your cheapest option for promotional products, so setting up a vendor account here is a no-brainer.
Print Country, a printer supplies shop, provides net 30 terms to their business customers. Your orders must be at least $200 to get reported to DNB. Anything less than this amount is to be paid by credit card or money order.
Staples, an office supply retailer, provides commercial accounts with 30 day payment terms. The problem here is that a personal guarantee is required for any startup business. To avoid this criteria, your company must not be less than three years old, have less than 10 employees and bring in less than $2 million in annual revenue.