How do I start building a business credit score?

 

Many computer companies will extend you a line of business credit. Some office supply companies will extend credit terms to you and then report your monthly payment to the business credit bureaus. Make sure you set up accounts in the name of the business. If you set up the account in your personal name and social security number, it will get reported to the consumer credit bureaus which won’t help you build a business credit score. You can also leverage your personal credit to set up lines of credit in the name of your business. Just be aware that this could severely harm your personal credit score if your business is not able to make timely payments. It also does nothing to protect your personal assets in the event of an issue with your business.