Starter Vendor Account Reporting Process
You need to secure approval from vendor accounts that report to business cras to kick-start your business credit profile.
After approval, use the credit, pay it back, and then vendors report to agencies like Dun & Bradstreet, Experian, or Equifax.
Once reported, you possess tradelines, a defined credit profile, and an established credit score.
With your new business credit profile and score in place, seek additional credit using your EIN.
Since vendor credit doesn’t come from a bank, you can exclude your SSN from the application.
Use your SSN only for verification, ensuring you’re not committing to a personal guarantee or personal credit check.
The lender checks your EIN credit, sees a robust profile and score, and might approve more credit.
Remember, due to a federal anti-money laundering rule, bank-issued credit necessitates your SSN.