Business Credit

[Leon Stevens]

I am setting up a new LLC. Is there anywhere I can establish a business line of credit without out of pocket expenses?

[Vinny Gaines]

Hey Leon, you would have to first establish a good vendor trade credit history before being considered for unsecured lines of corporate credit. Additionally, you'd have to ensure that the vendors that you use actually report to the business credit bureaus; namely Duns and Bradstreet, Equifax Business and Experian business. There are some tricks and short cuts to building a business credit profile, however it certainly wont happen overnight.