10 Steps To Establish Business Credibility For Business Credit Building

Business Credibility

busi·ness cred·i·bil·i·ty

noun
1. The quality of being trusted and believed in by business credit bureaus, banks, and your target customers. 

The first step in establishing business credit is making sure your business is Credible in the eyes of the banks, lenders, and the business credit bureaus; Dun & Bradstreet, Experian, and Equifax Business credit divisions.

 

Without Business Credibility, your business is not taken seriously. Your chances of business funding approval are greatly reduced. When building business credit, having business credibility is the bead rock and the first step that should be taken to ensure the best possible growth for your business.

Follow the steps below in order to properly establish your Business Credibility.


 

1. Forming your company LAUNCH Your Business
Establish a business name. Be sure you pick one that has not been selected by another company in your state. Incorporate your company and define your "Registered Agent". Obtain an EIN. Your EIN or Employer Identification Number must match your state filing exactly.

A. Secretary of State
See the list

B. IRS (EIN – Electronic Identification Number) https://www.irs.gov/businesses
    ***Call (800) 829-4933 then #1, #1, #3

C. Trademarks, Copyrights, Patents
uspto.gov

D. Business License and Permits http://cityapplications.com/business-licenses.html

E. Business Name Your full legal name including DBAs must match exactly as listed on the corporation records.

 

2. Physical Address | REGUS
Contact: Andrea Chavez (305) 440-9899
(Mention OrangeFi)

The business needs its own physical address, do not use a PO box, or UPS box. A home address can work but your home will show up under your business listings including on maps.

 

3. Business Email Lazer Lynx
You must have a professional business email address, not a Yahoo, or Gmail type email.

 

4. Business Website Lazer Lynx
You will need a professional business website that accurately reflects your brand. Your website should also have your company phone, fax, address, and email.

 

5. Business Phone & Fax Ring Central
Your business must have its own phone number that is a real business or VOIP number not a mobile or home phone. You must have a business fax number and use that on the application when applying.

 

6. 411 Directory & Public Records List Yourself
Business phone number must be listed with 411 under the exact business name you are using on your application. (Ring Central Voice will do it for you. If not done by the phone service you are using, then must be done manually

*Also check LexisNexis, Sagestream, and D&B for UCC Filings, or Tax Liens or Negative records.

*Be sure to submit website information to as many web directories as possible; Yelp, Yellow Pages, Social Media, etc.


7. Verify and record your business SIC and NAICS codes. SIC CODE Lookup or NAICS
This will be used in your D&B setup and should remain the same as you apply for loans in the future.

8. Business Checking Account NOVO Business Checking
Any business checking you prefer. Take a look at PNC Bank or TD Bank if in your area, AXOS Bank online and/or NOVO Bank online. Make sure all of the information above is entered when setting up your business checking account.

9. Get your business listed on as many web directories as possible. Business Directory Listings

Get listed on Google, Facebook, LinkedIn, Yelp, Yellow pages, and hundreds of directories with one submission.

 

10. Establish a DUNNS Number Dun & Bradstreet ***Best experienced with Microsoft Edge Browser***
Make sure all of the information above is entered when setting up your DUNNS Number.

*Register your Credible business with D&B as a verified business. D&B Verified

 

Business Resources to Save Time and Money
*Affordable Legal Support Legal Shield

*Accounting CPA Firm Eco-Tax

*Accounting Software Quickbooks

*Merchant Credit Card Processing  PaymentCloud
*Health Insurance US HEALTH GROUP
*Key Person Insurance Protect Your Most Important Asset
*Business Plan Written Success

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