Vendor credit lines are normally given for "net 15", 30 or 60 day terms. This type of credit line can be used as a revolving credit account for your business for products and services that your business needs.
There are over 500,000 vendors in the United States currently extending business credit for their products and services. Of those there are only 6,000 that will report your payment history to the business credit reporting agencies. And of those there are only about 1,000 that will extend business credit without requiring your personal guarantee and without basing it on your personal credit scores.
Vendor credit lines normally have no interest charges and they look at your business’s credit report for approval. We highly recommend that you check you Experian business credit report before you apply with Vendors.
Most Vendor credit lines are unsecured. That means your business is not required not required to provide collateral to secure them. Some vendors will require a deposit and then float the balance for the agreed upon time period.
Access vendor lines of credit is by enrolling for a Lifetime Membership with our partner BusinessFinanceCoach.com. They will help you build business credit and provide you with the approval criteria for hundreds on Vendor Credit Lines before you apply.