{"id":1638,"date":"2020-08-25T14:51:05","date_gmt":"2020-08-25T19:51:05","guid":{"rendered":"https:\/\/www.northone.com\/blog\/?p=1638"},"modified":"2024-07-04T13:22:17","modified_gmt":"2024-07-04T18:22:17","slug":"how-to-build-business-credit","status":"publish","type":"post","link":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit","title":{"rendered":"How to Build Business Credit"},"content":{"rendered":"\n<p>The importance of having good credit as a business owner is all in the name, it\u2019s about credibility. When it comes to taking out loans and raising funding from investors, your business credit will help you demonstrate your trustworthiness. In this article, we\u2019ll be breaking down everything you need to know about business credit and show you how to build better credit for your business.&nbsp;<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Is_Your_Business_Credit_Scored\"><\/span><strong>How Is Your Business Credit Scored?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Business credit provides lenders and investors with a financial history of your small business. Any company can access your business credit reports so it is important that you stay on top of these reports in case an investor decides to take a peak. This history will demonstrate how you\u2019ve handled:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lines of credit<\/li>\n\n\n\n<li>Business credit cards<\/li>\n\n\n\n<li>Tradelines from suppliers<\/li>\n\n\n\n<li>Business loans<\/li>\n<\/ul>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\">Your credit history will hopefully demonstrate that your business is reliable when it comes to borrowing. You can report your business credit through one of three main business credit reporting agencies:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dun &amp; Bradstreet<\/li>\n\n\n\n<li>Experian<\/li>\n\n\n\n<li>Equifax<\/li>\n<\/ul>\n\n\n\n<p>The three agencies calculate your score by collecting information from the vendors and creditors you work with. They also gather legal information and public records. Each of these agencies has its own algorithm for calculating credit but the following categories will heavily influence your score:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Credit (length of credit history, how much of the credit line was used, payment history, balances).<\/li>\n\n\n\n<li>Demographic (the size of your business, how many years you\u2019ve been in business, market trends to identify current risks).<\/li>\n\n\n\n<li>Public records (bankruptcies, judgments, liens).<\/li>\n<\/ul>\n\n\n\n<p>Your business credit is tied to your employer identification number (<a href=\"https:\/\/www.northone.com\/blog\/business-banking\/do-i-need-an-ein-to-open-a-business-bank-account\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"EIN (opens in a new tab)\">EIN<\/a>) rather than an SSN.&nbsp;<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Build_Business_Credit_Fast\"><\/span><strong>How to Build Business Credit Fast<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As a small business owner, it\u2019s highly likely you business credit will be checked out by an investor or a lender at some point. This is one of the fastest ways for them to find out if your business is legitimate. Here are some tips on how to build business credit fast.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Define_Your_Business_as_a_Separate_Entity\"><\/span><strong>Define Your Business as a Separate Entity&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Many businesses start off as a sole proprietorship simple because registration is easier than other forms of business. The downside is that when your business is a sole proprietorship there is no line between you and your business. When working with vendors or applying for a loan you\u2019ll have to use your SSN. Your business activity will be reflected in your personal credit score and your personal assets are vulnerable in the case of business debt or bankruptcy.&nbsp;See the difference in personal credit vs business credit <a href=\"https:\/\/www.northone.com\/blog\/financial-management\/business-credit-vs-personal-credit\">here<\/a>.<\/p>\n\n\n\n<p>If you want to build credit for your business, the following business structures are ideal as they create a defined line between you and your business:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.northone.com\/blog\/start-a-business\/s-corp-vs-c-corp\">C Corporation<\/a>&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.northone.com\/blog\/start-a-business\/s-corp-vs-llc\">S Corporation<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.northone.com\/blog\/business-banking\/llc-bank-account-pros-and-cons\">Limited Liability Company (LLC)<\/a><\/li>\n\n\n\n<li>Limited Liability Partnership (LLP)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Get_an_Employer_Identification_Number_EIN\"><\/span><strong>Get an Employer Identification Number (EIN)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An Employer Identification Number (EIN) is essentially an SSN for your business. It allows you to work with vendors and apply for loans as a separate entity rather than having to use your personal SSN. An EIN is vital when it comes to building good business credit.&nbsp;<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Open_a_Small_Business_Bank_Account\"><\/span><strong>Open a Small Business Bank Account<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Opening a <a href=\"https:\/\/www.northone.com\/customers\">business bank account<\/a> lets you keep your business and personal assets separate. This makes it much easier to manage your business finances. Use the EIN to open your business account and define it as separate from your personal finances. Credit bureaus will be able to see your cash flow in and out of this account which will be reflected in your credit report. Having a business bank account will also help you access better opportunities for financial assistance including lines of credit and loans. Lenders are more likely to support your business if you have an established business bank account.&nbsp;<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Research_Your_Lenders\"><\/span><strong>Research Your Lenders&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you are wanting to get financial aid for your business, you\u2019ll want to do some research first. If you are making credit payments in a timely manner you\u2019ll be able to boost your business credit. But, if the lender does not report back to the major business credit bureaus, they won\u2019t know about your efforts and your credit score will not be affected.&nbsp;<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Establish_Trade_Lines\"><\/span><strong>Establish Trade Lines<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Regularly buying from your suppliers and vendors and then paying these outstanding debts on time helps to build your business credit score. Especially when you are making these purchases using lines of credit. It is important that you build good relationships with your suppliers and vendors as this helps you establish trade credit. Trade credit gives you the ability to extend the period of time you have to pay off your debt. For example, you\u2019ll be able to receive NET 30 on <a href=\"https:\/\/www.northone.com\/blog\/business-banking\/what-is-an-invoice\">invoices<\/a> meaning you can make business purchases and pay for these purchases at the end of the month. Like with your lenders, you\u2019ll also want to choose vendors that report to business credit bureaus.&nbsp;<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Register_With_Business_Directories\"><\/span><strong>Register With Business Directories&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Registering your business with a directory will not only positively impact your business credit, but it also helps to market your business and find potential customers. Registering your business with a business directory helps to further define your business as a separate entity away from your personal identity and assets. Credit reporting agencies can pull information from these directories, like your address and phone number.&nbsp;<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regularly_Check_Your_Business_Credit_Reports_for_Errors\"><\/span><strong>Regularly Check Your Business Credit Reports for Errors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\">It\u2019s important you keep an eye on your business credit reports, checking for errors that could affect your credit score negatively. Negative information on your credit report can be the difference between securing an important loan or line of credit and being denied. Errors that negatively affect your credit score could have a long term impact on your business.&nbsp;<\/p>\n\n\n\n<p>Here are some common errors to look out for:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Mixed business reports<\/strong> &#8211;&nbsp; Sometimes reports that are linked to your business may actually belong to an entirely different business. This can happen if another business has a similar name or the same address as yours.<\/li>\n\n\n\n<li><strong>Years in business<\/strong> &#8211; The age of a business can be an important factor used to determine whether a business is established enough to be seen as trustworthy of credit. Make sure your years in business are registered correctly.&nbsp;<\/li>\n\n\n\n<li><strong>Identity theft<\/strong> &#8211; You want to be able to react quickly if you are a victim of this crime.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>So how do you fix these errors once you\u2019ve found them? Start by regularly checking your credit reports so you can catch errors quickly and fix them before they have a chance to affect your business in the long term. Make a list of any incorrect information you find and then file a dispute with each of the three major business credit bureaus.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_Credit_vs_Personal_Credit_Whats_the_Difference\"><\/span><strong>Business Credit vs Personal Credit: What\u2019s the Difference?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In order to build your business credit score, it\u2019s important to understand how it is different from personal credit.&nbsp;<\/p>\n\n\n\n<p>Your business credit is tied to your EIN. Business credit is scored on the following information:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Number of years in business<\/li>\n\n\n\n<li>Lines of business credit applied for in the past 9 months<\/li>\n\n\n\n<li>New lines of credit opened and their credit utilization<\/li>\n\n\n\n<li>On-time payment history<\/li>\n\n\n\n<li>Liens and collections<\/li>\n<\/ul>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\">Personal credit is tied to your personal SSN. Personal credit is scored based on the following information:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.northone.com\/blog\/business-banking\/5-cs-of-credit\">5 Cs of Credit<\/a><\/li>\n\n\n\n<li>Number of accounts<\/li>\n\n\n\n<li>Types of accounts<\/li>\n\n\n\n<li>Credit utilization<\/li>\n\n\n\n<li>Length of your credit history<\/li>\n\n\n\n<li>Payment history<\/li>\n<\/ul>\n\n\n\n<p>If you have an established business, you probably already have a business credit score. As we\u2019ve outlined in the article, it is important to keep an eye on your business credit reports. If you are just starting a business and you want to start building a credit score, you can start by opening a <a aria-label=\"business bank account (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/join.northone.com\/\" target=\"_blank\">business bank account<\/a> with North One to easily keep your business and personal expenses separate.&nbsp;<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The importance of having good credit as a business owner is all in the name, it\u2019s about credibility. When it comes to taking out loans and raising funding from investors,&#8230;<\/p>\n","protected":false},"author":10,"featured_media":1639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[138],"tags":[142,230,119,117,143,213,201],"class_list":["post-1638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-budgeting","tag-business-credit","tag-financial-health","tag-financial-management","tag-financing","tag-northone","tag-northoneapp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Build Business Credit | NorthOne<\/title>\n<meta name=\"description\" content=\"Prioritize building business credit in order to better your opportunities for financial assistance like small business loans and lines of credit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Build Business Credit | NorthOne\" \/>\n<meta property=\"og:description\" content=\"Prioritize building business credit in order to better your opportunities for financial assistance like small business loans and lines of credit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit\" \/>\n<meta property=\"og:site_name\" content=\"North One Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/northonebanking\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-25T19:51:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-04T18:22:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/08\/Blog_CreditScore__Red_Static__v1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1726\" \/>\n\t<meta property=\"og:image:height\" content=\"1117\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Arabella Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NorthOneApp\" \/>\n<meta name=\"twitter:site\" content=\"@NorthOneApp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arabella Anderson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit\"},\"author\":{\"name\":\"Arabella Anderson\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#\\\/schema\\\/person\\\/ac91fecdb453e1fa0e9ff8fe64a96327\"},\"headline\":\"How to Build Business Credit\",\"datePublished\":\"2020-08-25T19:51:05+00:00\",\"dateModified\":\"2024-07-04T18:22:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit\"},\"wordCount\":1333,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/Blog_CreditScore__Red_Static__v1.png\",\"keywords\":[\"budgeting\",\"business credit\",\"financial health\",\"financial management\",\"financing\",\"northone\",\"northoneapp\"],\"articleSection\":[\"Financial Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit\",\"url\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit\",\"name\":\"How to Build Business Credit | NorthOne\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/Blog_CreditScore__Red_Static__v1.png\",\"datePublished\":\"2020-08-25T19:51:05+00:00\",\"dateModified\":\"2024-07-04T18:22:17+00:00\",\"description\":\"Prioritize building business credit in order to better your opportunities for financial assistance like small business loans and lines of credit.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#primaryimage\",\"url\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/Blog_CreditScore__Red_Static__v1.png\",\"contentUrl\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/Blog_CreditScore__Red_Static__v1.png\",\"width\":1726,\"height\":1117,\"caption\":\"Credit Score\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/financial-management\\\/how-to-build-business-credit#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.northone.com\\\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to Build Business Credit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/\",\"name\":\"North One Blog\",\"description\":\"North One Business Banking\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#organization\",\"name\":\"North One\",\"url\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/NorthOne-Icon.png\",\"contentUrl\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/NorthOne-Icon.png\",\"width\":1000,\"height\":1000,\"caption\":\"North One\"},\"image\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/northonebanking\\\/\",\"https:\\\/\\\/x.com\\\/NorthOneApp\",\"https:\\\/\\\/ca.linkedin.com\\\/company\\\/northone\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#\\\/schema\\\/person\\\/ac91fecdb453e1fa0e9ff8fe64a96327\",\"name\":\"Arabella Anderson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4869662bdab9a24d0ac74465f1d48675ecb971c0ce6aeeb8f729d5d4bf32a450?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4869662bdab9a24d0ac74465f1d48675ecb971c0ce6aeeb8f729d5d4bf32a450?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4869662bdab9a24d0ac74465f1d48675ecb971c0ce6aeeb8f729d5d4bf32a450?s=96&d=mm&r=g\",\"caption\":\"Arabella Anderson\"},\"description\":\"Arabella Anderson is a former Senior Copywriter at North One. She specializes in small business banking and business creation. Prior to North One, Arabella worked as a copywriter at Bear Marketing and Concrete Playground. She earned a degree in Journalism and Communication from Western University.\",\"url\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/author\\\/arabella_anderson\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Build Business Credit | NorthOne","description":"Prioritize building business credit in order to better your opportunities for financial assistance like small business loans and lines of credit.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit","og_locale":"en_US","og_type":"article","og_title":"How to Build Business Credit | NorthOne","og_description":"Prioritize building business credit in order to better your opportunities for financial assistance like small business loans and lines of credit.","og_url":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit","og_site_name":"North One Blog","article_publisher":"https:\/\/www.facebook.com\/northonebanking\/","article_published_time":"2020-08-25T19:51:05+00:00","article_modified_time":"2024-07-04T18:22:17+00:00","og_image":[{"width":1726,"height":1117,"url":"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/08\/Blog_CreditScore__Red_Static__v1.png","type":"image\/png"}],"author":"Arabella Anderson","twitter_card":"summary_large_image","twitter_creator":"@NorthOneApp","twitter_site":"@NorthOneApp","twitter_misc":{"Written by":"Arabella Anderson","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#article","isPartOf":{"@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit"},"author":{"name":"Arabella Anderson","@id":"https:\/\/www.northone.com\/blog\/#\/schema\/person\/ac91fecdb453e1fa0e9ff8fe64a96327"},"headline":"How to Build Business Credit","datePublished":"2020-08-25T19:51:05+00:00","dateModified":"2024-07-04T18:22:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit"},"wordCount":1333,"commentCount":0,"publisher":{"@id":"https:\/\/www.northone.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#primaryimage"},"thumbnailUrl":"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/08\/Blog_CreditScore__Red_Static__v1.png","keywords":["budgeting","business credit","financial health","financial management","financing","northone","northoneapp"],"articleSection":["Financial Management"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit","url":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit","name":"How to Build Business Credit | NorthOne","isPartOf":{"@id":"https:\/\/www.northone.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#primaryimage"},"image":{"@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#primaryimage"},"thumbnailUrl":"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/08\/Blog_CreditScore__Red_Static__v1.png","datePublished":"2020-08-25T19:51:05+00:00","dateModified":"2024-07-04T18:22:17+00:00","description":"Prioritize building business credit in order to better your opportunities for financial assistance like small business loans and lines of credit.","breadcrumb":{"@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#primaryimage","url":"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/08\/Blog_CreditScore__Red_Static__v1.png","contentUrl":"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/08\/Blog_CreditScore__Red_Static__v1.png","width":1726,"height":1117,"caption":"Credit Score"},{"@type":"BreadcrumbList","@id":"https:\/\/www.northone.com\/blog\/financial-management\/how-to-build-business-credit#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.northone.com\/blog"},{"@type":"ListItem","position":2,"name":"How to Build Business Credit"}]},{"@type":"WebSite","@id":"https:\/\/www.northone.com\/blog\/#website","url":"https:\/\/www.northone.com\/blog\/","name":"North One Blog","description":"North One Business Banking","publisher":{"@id":"https:\/\/www.northone.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.northone.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.northone.com\/blog\/#organization","name":"North One","url":"https:\/\/www.northone.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.northone.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2019\/07\/NorthOne-Icon.png","contentUrl":"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2019\/07\/NorthOne-Icon.png","width":1000,"height":1000,"caption":"North One"},"image":{"@id":"https:\/\/www.northone.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/northonebanking\/","https:\/\/x.com\/NorthOneApp","https:\/\/ca.linkedin.com\/company\/northone"]},{"@type":"Person","@id":"https:\/\/www.northone.com\/blog\/#\/schema\/person\/ac91fecdb453e1fa0e9ff8fe64a96327","name":"Arabella Anderson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4869662bdab9a24d0ac74465f1d48675ecb971c0ce6aeeb8f729d5d4bf32a450?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4869662bdab9a24d0ac74465f1d48675ecb971c0ce6aeeb8f729d5d4bf32a450?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4869662bdab9a24d0ac74465f1d48675ecb971c0ce6aeeb8f729d5d4bf32a450?s=96&d=mm&r=g","caption":"Arabella Anderson"},"description":"Arabella Anderson is a former Senior Copywriter at North One. She specializes in small business banking and business creation. Prior to North One, Arabella worked as a copywriter at Bear Marketing and Concrete Playground. She earned a degree in Journalism and Communication from Western University.","url":"https:\/\/www.northone.com\/blog\/author\/arabella_anderson"}]}},"wps_subtitle":"business credit","_links":{"self":[{"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/posts\/1638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/comments?post=1638"}],"version-history":[{"count":0,"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/posts\/1638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/media\/1639"}],"wp:attachment":[{"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/media?parent=1638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/categories?post=1638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.northone.com\/blog\/wp-json\/wp\/v2\/tags?post=1638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}