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Level 1
posted Oct 27, 2021 9:11:24 AM

How to establish company credit?

What is the best way to establish business credit? I have created a Dunn & Bradstreet account. I am interested in utilizing company credit to grow my business. Specifically, credit cards or auto loans in the company name.

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1 Replies
Employee Tax Expert
Oct 27, 2021 9:41:04 AM

Hi Aaron P,

 

This is not really a tax question, so we're fairly limited on how much we can help. (We are tax experts here, not experts in business financing).

 

My suggestion would be to speak to the lenders you are looking to get the loans from and ask what type of documentation would be acceptable. Various lenders will have different requirements. As a small business you might get the best results from a loan officer at a small local bank or a lender that offers SBA loans. 

 

Good luck! I hope this information is helpful.