Tier 1 Business Credit Vendors That Boost Business Credit

Every growing business needs capital to continue to scale and operate to the best of its ability. However, the issue that most new businesses run into is not being able to secure the funding that they need to realize their full potential.

This is where tier 1 business credit vendors come in.

Tier 1 business credit vendors allow you to start growing your business credit with a limited to no business credit history. With that in mind, where do you start? Which tier 1 business credit vendors will support you with your business endeavors?

Let’s take a look at the top tier 1 business credit vendors to approach if you’re looking to build your business credit and tap into greater financing opportunities.

Tier 1 Business Credit Vendors

1. FairFigure
2. eCredable
3. Credit Suite
4. Quill
5. Grainger
6. Office Garner
7. The EO Creative
8. Staples
9. NAMYNOT
10. Shirtsy

1. FairFigure

FairFigure describes itself as “the #1 fastest-growing business credit platform” dedicated to helping business owners just like you build their business credit ratings.

How?

FairFigure offers comprehensive business credit monitoring solutions to businesses interested in keeping a close eye on their credit health.

For $30/month, businesses like yours can not only stay on top of their credit, but have their membership payments reported to Equifax, Creditsafe, the Small Business Financial Exchange (reports to D&B and Experian too), and FairFigure’s own Foundation Report as well.

Unlike the FairFigure card, anyone can sign up for the FairFigure membership, making it a seamless way to start building credit.

Better yet, with your membership, you receive:

• Comprehensive business credit monitoring and tri-bureau monitoring for full control over your personal credit profiles.
• Automated credit correction on behalf of FairFigure, who intervenes if they notice any issues in your business credit report across the major business credit bureaus.
• And a more, all-in-one streamlined, centralized dashboard.

If you do sign up for the card, keep in mind that the FairFigure Card is a financial tradeline available only to businesses that have been open for three months and are generating at least $2,500 in revenue each month, which is still quite accessible to most.

It’s definitely one company worth considering if you’re looking to build your business credit score quickly and receive the tools you need to monitor your business credit as you pursue further credit-building opportunities.

2. eCredable

Building your business credit and staying on top of your business’s financial health can seem quite daunting. Fortunately, there are platforms out there designed to accommodate both of these needs. One excellent choice is eCredable.

eCredable offers two subscription plans that help you turn your bills into business credit tradelines: eCredable Business Lift and eCredable Business Lift+.

eCredable Business Lift first and foremost supports your business by reporting your subscription payment to all the major business credit bureaus: Equifax Business, D&B, and Experian Business.

Then, eCredable works to help you report as many of your bills as you can to Equifax Business and Creditsafe, using automatic or on-demand reporting based on the type of payments being made.

While eligibility varies based on the expense in question, eCredable may help you report bills and utilities, various vendors and suppliers that you work with, marketing services (if you’re fretting over creative analytics) you’ve purchased, and even your business insurance.

Business Lift+ is eCredable's flagship product which includes eCredable Business Insights to help you make smarter business decisions, as well as prepare to apply for financing.

eCredable Business Insights uses the transactions from your accounting package to show you cash flow analysis across all of your business payment accounts, not just your business checking account. You can also see your Gross Profit Margin, Net Profit Margin, Number of FTEs, Rent Expense Ratio, Payroll Expense Ratio, and Debt to Asset Ratio.

These financial ratios include peer group benchmarking by industry code and zip code, so you know where you stack up against your competitors. These are also the same ratios most financial institutions use when evaluating your loan application. eCredable Business Insights will help you be better prepared before you submit your application.

3. Credit Suite

When you think about looking into tier 1 business credit vendors that will help you establish business credit, what’s the first thing that comes to mind? You likely envision companies that offer their own financing solutions. Credit Suite is different.

Rather than offering a card or a subscription plan that acts as a tradeline, Credit Suite is a business credit builder program that provides businesses with personalized, step-by-step instructions they need to find vendors, credit card issuers, and other financiers that will approve businesses with limited to no credit history.

Credit Suite has one of the biggest, up-to-date creditor lists in the industry. They have the required financing qualifications for thousands of lenders and business credit vendors. If you’re looking for personalized guidance on your business credit-building journey, Credit Suite is what you want.

This can give you greater control over your selection of vendors and helps you see if they’re reporting to all the major bureaus before you reach out to them.

Aiming to help businesses improve their financial literacy, Credit Suite also offers a wide range of educational resources to help businesses navigate financial credit, support with improving a business’s likelihood of receiving funding, and help setting up and activating credit profiles.

Credit Suite acts as more of an advisor to the small business and a home base to help connect you with the funding opportunities you’re searching for. As such, some businesses may choose another route rather than Credit Suite.

It’s a great program, but it’s worth mentioning that it’s a fairly sizeable investment that might not be suited for every business. You can expect to pay a one-time payment of $2,997 or eight monthly payments of $497.

If you do find yourself looking for other sources of funding that are more available for your current business credit standing, Credit Suite is there to help you begin developing the knowledge and establishing the connections you need to make your business credit strong.

4. Quill

Quill, or in this case, their Quill Net 30 account, helps businesses build credit by allowing them to tap into vendor credit rather than providing them with financing via business credit card or by reporting membership payments.

But how does it work?

Quill is essentially an online marketplace where you can purchase essentials for your business, be it copy paper or office food supplies like coffee.

Once you’ve added $100 of goods to your cart, you can select the “Apply for Net 30 Terms” option at checkout. Approval is instant after you’ve filled out a form with your business details, and your purchases are reported to Dun & Bradstreet as well as Experian.

Quill can be an excellent way to purchase the products you need for your small or medium business and start building credit rather seamlessly. That being said, there are some things that everyone needs to know that may impact their individual experience.

• If you’re not approved, you’ll need to establish a payment history with Quill to be reconsidered, which consists of completing orders with a credit card for 90 consecutive days.
• If you are approved, the net 30 payment terms of Quill state that you can only pay invoices by ACH or by check.
• You don’t have to pay too much to get started or undergo an extensive approval process, but you may end up spending money only to find out you can’t actually start building business credit fast.

Quill simplifies the business credit-building process by allowing you to report your basic office supply purchases to the major credit bureaus. But as with any credit-building service, there are advantages and disadvantages you should carefully weigh before getting started.

See if you can find examples of businesses that were instantly approved to determine whether or not Quill is a net 30 vendor that’s worth your time before you turn to them to boost your business credit score.

5. Grainger

As with most financing opportunities available to businesses with limited to no credit, using multiple credit vendors can help you establish a more extensive credit history. Moreover, you may realize that some credit vendors are a better fit for you. Take, for example, Grainger.

Grainger is a vendor that offers a net 30 account and places a strong emphasis on industrial and maintenance products, with an impressive 1.5 million+ products in their store for you to choose from.

Grainger is a bit less transparent than similar companies about their net 30 accounts, but that didn’t stop us from finding out what you need to do in order to take advantage of this opportunity to build your credit.

Getting started is as simple as opening a vendor account. Once you do that, you can reach out to them via phone or by using the credit option at checkout.

Unlike other credit vendors with similar opportunities, Grainger doesn’t officially have a minimum purchase amount to help you know what to expect in regard to payment terms, although the recommendation of spending at least $50 is floating around out there.

If you are approved, you have a generous credit limit of $1,000 (may be able to increase this to $5,000 by reaching out) and your purchases are reported to D&B.

Some newer businesses have said they had trouble getting an account with Grainger because they were too new, so this is the only thing to keep in mind if you’re looking for a new tradeline with Grainger.

You might be able to remedy this by reaching out to them directly or by using some of the other vendors on this list that offer trade credit accounts and are easier to get started with.

6. Office Garner

Looking for a vendor that can help you stock up on all of your business supplies and report your payments to credit bureaus like Equifax Business, Creditsafe, and the SBFE? Look no further than Office Garner!

Office Garner is a vendor that sells a wide range of goods such as general office supplies, business-related apparel, and even electronics and kitchen appliances. They also offer small business support in the form of website development services.

Regardless of what appeals to you at Office Garner, what you’ll be most interested in is their net 30 business account.

The application process is simple and Office Garner boasts a fast approval process, with underwriters typically responding within 24 hours of filling out an application.

Some of their net 30 benefits are:

• A low minimum purchase of $45 to take advantage of their net 30 account
• The ability to request a credit increase after completing only three paid-in-full net 30 invoices
• Desirable eligibility terms such as only requiring businesses to be 30 days old and have a clean credit history

The only downside is that you will have to pay a $69, one-time administration fee. But if you’re willing to pay this much to get started on building your business credit, a Net 30 Business Account with Office Garner is one way to easily embark on your business credit journey.

7. The CEO Creative

The CEO Creative is an all-in-one hub for CEOs looking for a wide range of products for their business, whether these fall under the category of physical office and maintenance products, digital products, or even services to enhance your creative analytics.

The CEO Creative is a bit different in regards to the fact that it puts its net 30 opportunity front and center. It’s fairly transparent about what it offers, what the pros and cons of net 30 accounts are for new businesses, and what you get when you sign up with them.

This vendor boasts a fast and easy approval process, has relaxed approval requirements (in business for at least 30 days, clean business history, no late payments), and reports your first payment to credit bureaus within 45 to 60 days. After two orders, you can request an increase.

The only downside to The CEO Creative is that they’re not upfront about credit terms, credit line limits, membership fees, or any of the other payment terms that you need to register with them confidently. This can be an issue for those who don’t want to be blindsided if they are approved.

While The CEO Creative is a good vendor to approach to help you build your business credit score, just keep this in mind and conduct your own independent research to see what other businesses have to say before you fully commit to using them to obtain trade credit.

8. Staples

Are you looking for a vendor that you’re more well-acquainted with? Are you interested in registering for a net 30 account with someone you trust? If so, one name that you’re sure to recognize in this list is Staples.

Staple is already a wonderful company to work with when you’re looking for office supplies given their dominance in the space as well as the various discounts and rewards programs that they offer business owners.

Beyond that, what many businesses may not know is that they do offer net 30 accounts to eligible businesses, something that other alternatives like Office Depot may not currently provide.

While you will need to sign up for a Staples Business Advantage (membership ranges from $79 to $299), it can be a worthwhile move given that they report all of your transactions to D&B and offer a $1,000 credit limit to help you get started.

Staples is limited in which credit bureaus it reports to and does require you to pay a membership fee, but it’s a reliable vendor to turn to if you’re looking to build your business credit and establish payment history.

If you were already going to purchase office essentials from them and have done everything you need to make sure you can get approved (business is fully formed, credit profiles made, and so on), springing for this opportunity could be a good move.

9. NAMYNOT

NAMYNOT stands out from the pack as it's a digital marketing agency that only offers services like lead generation, website design, and social media management. If creative analytics are currently showing negative performance, you can turn to them and experience multiple benefits.

Given how prominent these needs are in modern business, it can be a great way to build credit and get the support you need to elevate your business’s online presence and website quality.

NAMYNOT’s net 30 account gives businesses access to a whopping $10,000 business credit limit, requires no personal credit check or personal guarantee, and provides you access to world-class marketing services your business may need.

They don’t have any fees related to using their services (unless you’re late on payments), and they take care to make sure that businesses have been operating for at least 90 days and have a viable website so that they’re able to offer support.

Beyond the limited services provided, some other potential drawbacks include a 5-10 day approval processing period, contact being limited to only one authorized officer, and you’re paying strictly for services rather than tangible goods.

Still, if digital marketing is a major focus for your business at this time and you agree to the net 30 terms, NAMYNOT could be the tier 1 business credit vendor you need to get started.

10. Shirtsy

Are you someone looking to purchase promotional products for your team or to get word of your business out there? Perhaps you’re interested in starting your own business where you apply your unique graphic designs to T-shirts and similar items. Enter Shirtsy.

Shirtsy is an on-demand printing store that helps users establish business credit and even their own dropshipping business. The biggest selling point is that you don’t have to make a purchase to apply for a net 30 account. This is a great perk for the average small business.

All you have to do is fill out the application and wait to hear back.

If you do plan on using Shirtsy, there are only a few downsides, which include a $2 minimum finance charge and $99 in annual fees. But if an on-demand store is what you need for your business, it might be the right fit for you to secure trade credit that meets your specific needs.

How FairFigure Can Help You Get Funding While Building Your Business Credit

Interested in starting your business credit-building journey today? FairFigure gives you the ability to build your credit with ease, helping you stay on top of it as each successful membership payment grows your score.

Whereas other vendors may only give you the means to build credit with net 30 accounts or secured credit cards, we give you the tools you need to improve your financial freedom and stability and get your business credit on track with confidence.

Better yet, you don’t need to rely on your Fair Isaac Corporation (FICO) score to get started.

Join now to start building your business credit score no matter where in your business journey you might be!

Looking for additional support? Reach out to our customer service team or visit our blog for more great insights like our Wise Business Plans Net 30 Review.