The business tradelines is a credit account
If you’re trying to establish business credit, you’ve probably heard terms like “tradelines, trade credit, corporate tradelines, or vendor accounts.” You may even know they are important, but aren’t sure how to get them and how they can benefit your business. Here we’ll demystify them: What Is a Business Tradelines? A business tradelines is a credit account between a business and vendor. Although they are not a business loan or line of credit like business credit cards, a business line of credit, or a small business loan, they are a much underrated form of business credit and a powerful tool for establishing and strengthening your business credit profile. Like other small business credit options, they include information from vendors who report to commercial credit reporting agencies. For example, a vendor account with net-30, net-60, or net-90 terms. If that vendor reports you good credit history to a credit bureau, it creates a business tradeline. Tradelines are import...