Business Credit for new LLC

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so I have good credit, but even with a personal guarantee, Lowe's would not give my business a line of credit..how do you start getting credit for a new business when even a place like Lowe's willl not give your new LLC a chance?? Also, a second question....with different investors or after so many units, I will create additional LLCs...how do people manage getting credit for their multiple brand new LLCs these days?? thanks

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Business credit is very hard to obtain and build for your business, I'm in the process right now myself.

I'm no expert but I'll give some ideas what I have research learned and tried..

Business credit has 3 tiers with each tier being different has far has vendors. Must meet all requirements in each tier to move onto to the next.

Key points to have in tier 1:

Do not have a business address at a P.O. Box have a regular street address.

Free Duns Number ? Go to site listed below:

https://sbs.dnb.com/secure/eupintro.asp?bhc...hcd2=1079765286

Vendors Report to Bureaus & Provide Trade Reference. To obtain a paydex score (credit score) you need 5 trade references. Apply at the vendors listed below.

http://www.kinkos.com/products/accounts/legal.php (Kinkos)

http://www.dhl-usa.com/sbc/smbiz.asp?nav=sb (Airborne Delivery Services)

http://www.uline.com

http://www.viking.com (Office Supplies)

http://www.officefuel.com (Office Supplies)

Retail Credit Requirements

Best Buy ? (800) 811-7276 ? Requirements:
PG: No
Paydex: Yes ? 65+

At least 2 years in business.

Chevron ? (888) 243-8358 Requirements:
PG: Yes
Paydex: No

At least 2 years in business, DNB check revolving acct ? net 30. Apply on-line. Reports to D&B and Experian.

Conoco, Inc. ? (800) 764-9500 ? Requirements:
PG: No
Paydex: No

Net 30-full balance, apply on-line located in 23 states, ask for locations. Reports to D&B and Experian.

Diners Club ? (800) 234-6377 ? Requirements:
PG: Yes
Paydex: No

Corporation accounts (minimum 5 cards) 3 years in business, $200,000 net worth, each card holder gives personal guaranty. Call to apply. Does not report to D&B or Experian.

Exxon Fuel ? (800) 438-3996 ? Requirements:
PG: Yes
Paydex: No

Net 30-full balance, 1 year secured or 3 years in business. Apply on-line. Does not report to D&B. Reports to Experian.

Fry?s Electronics ? (714) 688-3000 ? Requirements:
PG: No
Paydex: No

3 trades, 1 bank trade, net 30-full balance. Must submit financials and balance sheet before approval. Does not report to D&B or Experian

Grainger.com ? (310) 327-7370 ? Requirements:
PG: No
Paydex: No

Net 30-full balance. $1,000 min. credit limit, business license needed along with 1 bank trade and 2-3 other trades. Reports to D&B, but not to Experian.

Home Depot ? (800) 685-6691 ? Requirements:
PG: No
Paydex: No

2 years in business. Revolving account and/or net 30. Apply on-line. Reports to D&B and Experian.

JC Pennys ? (407) 788-4022 ? Requirements:
PG: No
Paydex: Yes

At least 6 months in business and paydex score required with no delinquencies. Call to apply. Does not report to D&B or Experian.

Kinko?s ? (800) 488-3705 ? Requirements:
PG: No
Paydex: No

Revolving account net 30, apply online, will check D&B number and verify business address. Reports to D&B only when requested by D&B. Does not report to Experian.

Lowes ? (800) 445-6937 ? Requirements:
PG: No
Paydex: No

Revolving account or net 30. 3 years in business. Reports to D&B only.

Macys ? (800) 933-6229 ? Requirements:
PG: No
Paydex: No

2 years in business and some credit history. Call to have application faxed to you. Reports to D&B and Experian.

Mobil Gas ? (877) 959-1007 ? Requirements:
PG: Yes
Paydex: No

Net 30-full balance, 1 year secured account or 3 years in business. Apply on-line. Reports to D&B and Experian.

Neiman Marcus ? (800) 685-6695 ? Requirements:
PG: Yes
Paydex: No

Must be in business 2 years and signer on account gives personal guaranty, call to have application mailed to you. Does not report to D&B, but does report to Experian.

Nordstroms ? (800) 964-1800 ? Requirements:
PG: No
Paydex: No

Net 30-full balance, 3-4 trades, verify 2 (trades should be net 30 accounts as well) call for application. Reports to D&B and Experian.

Office Depot ? (800) 729-7744 ? Requirements:
PG: No
Paydex: No

Revolving account, net 30. Must be incorporated. Print on-line and fax. Reports to D&B and Experian.

Office Max ? (877) 633-4236 ? Requirements:
PG: No
Paydex: No

Must have some credit history. Apply on-line. Payment has to be made after invoice is received. Reports to D&B and Experian.

Orchard Supply ? (408) 281-3500 ? Requirements:
PG: No
Paydex: No

Net 30, 3 trades with at least 3 months activity and 1 bank trade. Call to get application. Does not report to D&B or Experian

Phillips 66 Gas ? (800) 648-4199 ? Requirements:
PG: No
Paydex: Yes

Duns report pulled, 3 trades, 1 bank trade needed. Reports to D&B and does not report to Experian.

Radio Shack ? (888) 773-2435 ? Requirements:
PG: No
Paydex: No

Revolving Account, net 30. Reports to D&B and Experian.

Sears ? (800) 917-7700 ? Requirements:
PG: No
Paydex: No

2 years in business, revolving acct, net 30, call to get application faxed to you. Reports to: D&B and Experian.

Sinclair Oil Gas Card ? (800) 340-3466 ? Requirements:
PG: Yes
Paydex: No

At least 4 trades, net 30-full balance, personal guaranteed required from each cardholder. Does not report to D&B or Experian.

Speedway Super America Fleet Gas Card ? (800) 643-1948 ? Requirements:
PG: No
Paydex: No

Net 30-full balance, at least 1 year in business.

Staples ? (800) 669-5285 ? Requirements:
PG: No
Paydex: No

Revolving account net 30. Reports to D&B and Experian.

Texaco ? (800) 839-2267 ? Requirements:
PG: No
Paydex: No

Need some credit history. Apply on-line. Reports to D&B and Experian.

Union 76 ? (800) 944-7676 ? Requirements:
PG: No
Paydex: No

2-3 trade references, 1 bank reference, duns check done on large businesses. Does not report to D&B or Experian

Wright Express Fleet Card ? (800) 395-0812 ? Requirements:
PG: Yes
Paydex: Yes

Some credit history, 3 years in business, net 26, full balance. Reports to D&B only.

If you want to build business credit for other LLC's I would suggest to do the same systems to all at once so your leverage is all growing the same

Hope this helps