I use a lot of my experiences and the experiences from readers and clients to help us all keep updated with whats going on with
Business Credit. I have been emailing back and forth with this guy for a week or two since he downloaded The Business Credit Bible for free and he wanted to share his experiences with me so far.
This guy has had this company for 4.5 years and just started to build business credit. He already had his EIN number but no DUNS number or DnB file.
His Progress So Far
He first tried to get his DUNS number for free and as usual, DnB gave him the run around. I told him to forget his DUNS number as you do not really need it to get the starter accounts and once he had the accounts the number will be automatically generated and then it will be easier to obtain from DnB. (I will be writing a full post on getting your DUNS number soon so look out for it). Since that email he sent back another email with the accounts he got and the ones that denied him and the following is what he shared with me. The email:
Let me tell you about my experiences using your business credit bible so far.
SetNational Penson gave me a $1500 loc
Uline gave me $20 yes laughable !!,
Quill….I am not sure what they are doing, they told me that I had to prepay on the first 3 orders, so I threatened to cancel so they put the order through, it was for $63 file cabinet
Nebs is really Deluxe and anything under $350 you have to prepay, so I didn’t bother
Grainger $3000 loc
Rapid Forms is the same as Deluxe and anything under $350 you have to prepay, so I didn’t bother
….minimum order was outrageous, didn’t bother
United States Plastics…minimum order was outrageous, didn’t bother.
Fleetcor Gas Card….$2000
your thoughts…..I also have a website through yahoo small business ($7 month) and voip phone through Nextiva with auto attendant ($31 month)
So far I think he is doing ok. I will suggest that he goes to get an account from Reliable which is almost a guaranteed approval. I will also suggest saving money on the phone service if you do not need it. You can get a Google Voice number for free. All and all he is on his way to getting a decent business credit file and acquiring business credit.