How to Build Business Credit: First, Understand How Business Credit Reporting Works
In many ways, learning how to build business credit is quite similar to your personal credit. Credit reporting agencies collect information from the vendors and creditors you do business with and process that information through an algorithm to establish your business credit score.
For most businesses, the single greatest challenge to learning how to build business credit is merely learning how to get their payment histories reported in the first place. Suppliers and even lenders or credit card companies often don’t report positive payment histories, waiting only until they’re faced with late payments to bother with filing a report.