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Steps to Establishing Business Credit. Put Your Business on the Map. Establish and Maintain Good Credit Relationships with Suppliers and Vendors. Obtain an Employer Identification Number. Pay On Time All the Time. Open a Business Credit Card. Get Incorporated. Transition Commercial Expenses Away from Personal . Here are steps to make sure you re establishing business credit as a startup. Establish a Business Entity. Get a Federal Tax Identification Number. Open a Business Bank Account. Establish a Dedicated Business Address and Phone Number. Apply for a Business DUNS Number. Establish Trade Lines With Your Suppliers..Eight steps to establishing your business credit. Incorporate your business. Obtain a federal tax identification number EIN . Open a business bank account. Establish a business phone number. Open a business credit file. Obtain business credit card s . Establish a line of credit with vendors or suppliers.. If you are a small business owner who is looking to expand, getting credit can be a challenging task regardless of whether you have a good . Building business credit is a lot like building your personal credit Always good reasons for an entrepreneur to get a business credit card we . But how can you build business credit if your personal credit is poor? Think about it this way It s generally a good idea to assume that your .
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