I’m looking for a place to get a unsecured business line of credits. Or companies that will give trade lines
Sep 03, 2009
in
Business Line Of Credit
I have a small business and need to establish a paydex score, I’m looking for some companies that will provide either trade line or unsecured lines. There are companies that are charging fees to help find companies, but I was hoping to find some help here.
Like this post? Subscribe to my RSS feed and get loads more!
2 comments
Serge M on September 3, 2009 at 1:58 pm
The suppliers with whom you have been dealing should be your first approach. If you have been buying from vendors in the past and paying by check or credit card, and established yourself as a steady customer who pays reliably, you can now ask those vendors to set you up as a trade account. They may set a limit on the amount you can charge in any month, and of course you still have to pay your account regularly and on time.
Suppliers don’t want to lose a good customer, and once they know you, they should be willing to deal with you on the usual terms they extend to other customers. Trade accounts are free credit and you should take advantage of them.
Initial Underwriting Group on September 3, 2009 at 1:58 pm
Building your company DNB Paydex Score is a very important step that most business owner miss out. At our office we see small business owner obtain $35,000 and more in business credit lines through the use of their Paydex Score (typically 75 and higher). A business can grow the Paydex Score and obtain credit lines along the way simply by hiring a professional mentoring service.
Begin your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) through the search engines and you will see that the Trade Line List (otherwise known as a Vendor List) is available for $400-$900.
Good luck.
Ilya Bodner
Small Business Owner
Initial Underwriting Group