Net 30 accounts are an important tool in the business’s toolbox to effectively build credit, regardless of their starting point. Unlike other means of building credit, such as business credit cards or bank loans, Net 30 accounts do not need a pre-existing credit history for a business to get started. This makes it perfect for small, new businesses that are just getting started.
It is generally recommended that to begin the credit building journey, businesses should aim to open a bare minimum of five accounts that actively report to one of the main credit bureaus. After a good payment history is established with these net 30 vendors, applications for business loans and credit cards will become much easier.
This article will explore five of the best net 30 vendors to get your business started with building its business credit.
1. Office Garner
At the top of the list is Office Garner. This Net 30 vendor reports to numerous individual credit bureaus for businesses (namely Dun & Bradstreet). They specialize in the sale of office supplies and other general admin products that all businesses can get some use out of.
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Their goods are incredibly high-quality and will surprise businesses with their budget-friendly prices too. It is incredibly simple and straightforward to sign up for a Net 30 account with this office products supplier as the process can be completed in its entirety online. It is worth noting that there is a one-time fee of $69 to open an account.
The Business Credit Bureaus they report to are as follows: Creditsafe, National Association of Credit Management (NACM), Equifax Small business, Ansonia, Dun & Broadsheet, and Small Business Financial Exchange (SBFE).
Finally, it is worth bearing in mind that for an order to be reported to a credit bureau it must exceed a minimum amount of $45. That being said, there is no annual membership fee, which is an added benefit not all of the vendors on this list offer.
2. Business T-Shirt Club
The second entry to this list is Business T-Shirt Club, which is the only Net-30 vendor on this list to incorporate a membership-based option for their bespoke T-shirt printing service for businesses. The products they sell through its ‘T-shirt club’ are available at great discounts for members who have signed up.
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This vendor reports to fewer bureaus than Office Garner, but still a sizeable number. On the list are Cortera, Equifax Business, Ansonia, and Credit Safe. It should be borne in mind that for a transaction to be reported to any of these credit bureaus the transaction amount must exceed a $250 minimum for blank designs.
3. Creative Analytics
This digital marketing and tech company offers net 30 terms to businesses for a portion of its services and all of its products. Since its credit lines reach up to $12,000, this vendor offers a far faster means for businesses to form the credit lines they need to improve their credit score.
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Whilst Creative Analytics only reports to Equifax Business and Credit Safe, they only require a minimum of $100 to be spent on an order to report it to these bureaus. On top of this, the cost of their annual membership is very low, only $79.
4. HD Supply
This net-30 vendor is one of the biggest producers of industrial products in the U.S. Its prominence has almost reached a century in length and they currently provide over 200,000 unique goods. This is the top choice for businesses requiring industrial net-30 accounts.
While they only report to Experian, they don’t require any minimum amount on a transaction for it to be reported to a credit bureau. The only stipulation is that there is a balance remaining in a customer’s account at the end of the month.
NAMYNOT is another firm on this list offering digital marketing services, though it also offers online marketing services too. Their credit line extends to anything up to $10,000 and they offer two different net 30 account choices.
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They only report to Dun & Bradstreet though there is no minimum order requirement and they don’t require an annual fee.
For a greater look into the Net 30 Accounts available for businesses, please refer to TRUiC’s articles on the topic.