Business Credit Boost

If you are looking for a shortcut way to be able to boost your business credit, a program called Credit Strong will let you borrow money in the name of your business and listed under your business EIN, and then you make payments on this borrowed money. The payments get reported to the business credit reporting agencies. There is only one catch – the borrowed money cannot be used. It is “locked” away by the bank. You can’t use it, but you make payments on it. When the loan is paid off, you get the money. This is a great way to jump-start your business credit building process.

Another way to build business credit is using the Divvy programs. Divvy has two different programs. One is a line of credit, and the other is their credit builder program. The standard Divvy program includes a line of credit where the full balance must be paid on the payment due date. (No installment payments are included in this program.) The Credit Builder program is for businesses who did not qualify for a line of credit. This is a program that allows businesses to make payments to Divvy in a way to preload their account and then spend. By using Divvy to spend, Credit Builder participants still receive Divvy rewards and can use the software to manage all of their spending and expenses. The Divvy Credit Builder reports your payments to D&B and SBFE. 

A third way to build business credit tied to your EIN with no personal guarantee is to apply for a Brex account. Brex lets you establish business credit history with a credit card that draws from your balance daily like a debit card. Their cards report your payments to credit bureaus to help build your business credit. Brex is available to corporations limited liability companies (LLCs). Brex underwrites the account using the company’s Employer Identification Numbers (EINs), not Social Security Numbers, so consumers, sole proprietors, and other unregistered businesses are not eligible to apply. Only companies organized and registered in the United States (such as C-corps, S-corps, LLCs, or LLPs) may apply for a Brex account.

If your business has utility accounts set up in the name of the business, then you can get your payment history reported to the major business credit reporting agencies by using the Business Lift program at eCredable. Eligible utility company account types typically include certain Mobile Phones, Cable TV, Satellite TV, Internet Services, Landline Phone, Electricity, Water and Gas accounts for which you are the responsible party for payment.  You can learn more about this business credit boosting program at

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