Credit Grantors

Who Grants Business Credit

There are literally millions of companies across the globe that offer business credit.  Some may ask for nothing more than a credit application and check that you have a phone number and will then grant you a credit line.  Others will want to see that you have a good business credit score to grant a credit line.  Others will want to look at your personal credit, but then issue the credit line in the business name.  Others will require a personal guarantee. 

The key in finding companies that grant business credit is determining where they report your payment experiences.  If the credit grantor reports your information to the personal credit bureaus, regardless if you pay the bill through your business or the name on the account is in your business it’s still personal credit.  If the vendor doesn’t report anything to either a personal or business bureau it may help your personal credit but it doesn’t help the business, so you don’t want to work with these companies either.

You want to work with the companies that report your payment experiences to the various business credit bureaus.  You will typically find that trade credit or corporate credit is reported to bureaus such as D&B, Experian and several of the smaller boutique bureaus where as the bank lines of credit are reported to Equifax Business and Experian Business. 

Large companies such as Dell, Office Depot, and Chevron all offer business credit as well as even the small mom and pop businesses. You will typically find that some of the easiest credit you can get is from the companies with the lowest and highest sales volumes in their industry.  For example, Sears and a local hardware store may be very easy to obtain credit from, whereas a regional store may be very difficult.

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