Business Credit Compliance
Building Business Credit means your business must be in compliance. Certainly you can achieve some credit without performing some business compliance formalities, but we're talking about small lines, office supply credit cards and net 30 with a print vendor - if your goal is to get tens of thousands of dollars of business credit, bank loans and cash credit, your business will have to pass compliance checks.
Business Licenses and Permits
Depending on your jurisdiction and type of business, products and services sold and what type of business location you operate out of.
Common business licenses and permits
- Selling alcohol, tobacco or firearms
- Fuels; including gasoline and diesel
- Lottery tickets
- Food preparation
- Occupancy permits for commercial space
- Contractors
- Health professionals
- Cosmetologists
- Insurance professionals
- Tax consulting
- Mechanics
- Plumbers
- Barbers
- Electricians
- Real estate professionals
It's very easy and common to overlook your state or county's licensing requirements for your business, which may go unnoticed, but a creditor or lender will certainly be protecting their investment and when you're building business credit, your business will be scrutinized for these formalities.
Compliance Services and Business Credit Programs
In order to get your business through a complete credit building program, we will assist you with your compliance. This means a search of your requirements is performed in the beginning of your business credit service so that these formalities are handled by the time we start searching for big lines of credit and cash financing for your company.
If your business already meets compliance requirements for building business credit, then we will advance your file to the next step in the process and get your business credit profiles opened and start looking for your first lender.
