How to Build Business Credit in 2024 | Net 30 | Easy Approval Vendors

[@KelvinMcNeil]

🎓Join GreenScale Academy: The Most Comprehensive Business Credit & Real Estate Funding Community Ever‼ If you're ready to break generational curses and build wealth click the link below to join the family and get mentored by Kelvin McNeil ➡ greenscaleacademy.com

[@Josh-y8q]

@Kelvin McNeil I just got off the phone with BOA and for a SECURED card, its still is a Hard pull. They said soft pulls are for checking accounts

[@taneshathomas5832]

Just got approved for a line of credit with quill and I placed my first order ! So excited! Thank you for this video as I had no clue how to find vendors to build business credit and this is perfect. Thank you.

[@Itsdchung718]

One of the best YT subscriptions I’ve ever made. I don’t know but I trust Kelvin’s advice.

[@KelvinMcNeil]

Thanks for subscribing!

[@mindforgecollective]

Just a heads up to anyone who has Nav especially if you have a different mailing address on the personal side. I'm a truck driver and use a mailing address different from my home address. A family members home that's more convenient for me to get to on the road. If you have Nav and something reports a different address to the CRA's Nav will close your account I believe thinking that there is some fraud going on or something. Hard to know for sure because they are almost impossible to actually get in contact with. Just a warning if you have or plan on opening a Nav account.

[@sharc.4959]

I just created my llc sep 1st and requested my free duns number last night and applied for home depot commercial card and they APPROVED me for 1,000 . With no business income . Thank you. None of these other videos ever say do home depot.

[@elicepeda1]

do they check PG

[@sharc.4959]

@@elicepeda1yes they do.

[@DasyaeThompson]

@@elicepeda1 right do they

[@skydalimit]

I mostly had these net and credit beofrfe but u have given me and all of us more great beneficial info gems here and i must say great work thanx and will definitley spread share this video and follow u for awhile too.

[@TaylorCarroll-ys5om]

Bank of America is also a hard pill to your personal credit. Wish I knew this before applying. Thank you for the insights .

[@KelvinMcNeil]

You’re welcome but yes I wasn’t 100% sure if it was a hard or soft pull but I will add this to the description of the video next to the link. I appreciate your feedback!

[@user-ep7el6vt7o]

Capital one too is hard pull

[@DonLyfe]

Just started another business… Building this business credit to perfection!!!

[@KelvinMcNeil]

Congratulations on the new business. I wish you much success! 💪🏾

[@KelvinMcNeil]

What are some of your favorite Net 30s & tier 1 business vendors? Drop them below 👇🏾👇🏾👇🏾

[@BLOWRACKZ1804]

Does Divy PG Or No PG?

[@KelvinMcNeil]

@@BLOWRACKZ1804 Divvy is a corporate card so it’s no pg.

[@lewaynebosley7374]

Grainger (you can order supplies and products online and then pickup in store next day if there is a location near you, and sometimes same day if ordered early enough); Lowe's Business Pro; AtoB gas card

[@user-ep7el6vt7o]

@@BLOWRACKZ1804they all say no pg but your name is on the app if you borrow and don’t pay you will get sued !!!

[@1SLT02]

Kevin, this is by far one of the “BEST” Explanations of Building Business Credit! On behalf of all on your platform, thanks for taking the time to Educate us so that we can make well•informed decisions about our Business Finance Endeavors! I sooooo wished that everyone else would do the same to ensure they’re using their Platforms wisely! I wish you nothing but happiness and much continued success in all of your endeavors as well!

[@KelvinMcNeil]

Thank you @shawn! I’m glad you found this video helpful. I do my best to make sure I’m not just telling you about vendors but more importantly articulating the concept and application of building business credit.

[@Bullthaplaya]

Thanks Soo much, very informative video I have been researching all day and this answer all my questions this is highly helpful for anybody that needs it, thank you very much. U have gotten a new subscriber❤️

[@KelvinMcNeil]

You’re welcome & thanks for subscribing!

[@Lovely_891]

Great video all facts !!

[@KelvinMcNeil]

@@Lovely_891 thank you!

[@RachelMcNeil]

Happy New Year Finance guy! Great video dropping gems like always 💎💎💎💳

[@KelvinMcNeil]

💎💎💎 all 2024!

[@rambosidi7634]

Great video

[@Sebroski]

Amazing stuff, appreciate it! I have a question - you say set up 3x Trade lines (NET30 accts) to have optimized business credit, can I set up all 3 within one month? Or does it have to be spread out between multiple months? Essentially, I'm just waiting for all 3x trade lines to report on the business report before I apply for business credit cards etc. right? And can all 3 trade lines all be from the same vendor, like all from Quill only? Thank you so much for the help, you're the bomb!!

[@KelvinMcNeil]

Yes you can sign up for 3 at once. Which is preferred to build credit faster. Yes, 3 trade lines for 1 business entity can be from one vendor but it’s rare. For example, there’s no way to do that with Quill. Although it’s possible to have multiple trade lines with eCredable BusinessLift & NAV as mentioned in this video.

[@barbthompson1628]

Kelvin ur videos always be on point and with factual yet helpfull information, great job as always

[@KelvinMcNeil]

Thank you! 🙏🏾

[@TwinTiger88]

🎉Great updated info as usual, thanks a lot! The Dell pc comment was spot on! If you need a pc for your business,dell is the way to go , they have great fast knowledgeable customer service support! The explanation of corporate vs business credit was very helpful.

[@KelvinMcNeil]

You’re welcome and that’s for watching!

[@VistaNiceGuy]

In regard to net 30s vs tier 1 accounts, is there a certain order you recommend applying for these? Or does it not matter?

[@KelvinMcNeil]

Doesn’t matter.

[@oumaroudiallo1549]

Man this is so informational I got approved for 3 accounts out your list📈📊

[@KelvinMcNeil]

💎💎💎

[@KelvinMcNeil]

What did you get approved for?

[@nadinejordan3297]

Great content. How can I check to find out if there are any negative reports against my 2017 LLC that I have kept alive but have not used since 2019? I am thinking of using it again but am weighing the pros and cons

[@mr_digdeeper]

Nav Prime tell you credit history

[@KelvinMcNeil]

You can use a NAV Prime membership to view & download a full copy of your Experian, and Equifax credit reports. You can also go directly to D&B on their website or businesscreditfacts.com to order your small business credit report from Experian.

[@travelingnunk]

Hello! I am looking to build business credit but there isn’t much information how to proceed with the issues concerning Dun & Brad? How do we get a paydex if many trade lines and vendors have stopped reporting to D&B? Should I still proceed with quill they no longer report? I have good scores with the other two but no paydex.

[@KelvinMcNeil]

D&B wants you to pay for their top dollar credit builder product to get the ones that don’t report to report. However there any more affordable options to do the same plus there are still many vendors that still report to D&B.

[@travelingnunk]

Thank you Kelvin, I’ll keep trying!

[@Under510]

Your knowledge of the business credit game is impressive! 👍

[@Entrepreneur.stanlo]

One of the best

[@copiouscat]

This was amazing! I will be back to refer to everything

[@mr_digdeeper]

Good work my guy!

[@KelvinMcNeil]

Thanks bro!

[@17Believe]

Kevin, you are extremely thorough. Good job, bro. I plan to tap in with you more. Asante

[@KelvinMcNeil]

@@17Believe thank you 🙏🏾

[@lisablackmon8978]

This video was very informative. Can’t wait to start and put all of this to action. Thanks for the information! God bless you 🙏🏽❤

[@KelvinMcNeil]

You’re welcome! Thanks for watching

[@8knati8]

Great and knowledgeable video

[@KelvinMcNeil]

Thanks for watching!

[@iranie4981]

what is the minimum amount of time we would have to wait in order to generate a paydex score?

[@KelvinMcNeil]

3 months because you must have 3 consecutive payments across 2 different trade references.

[@sarabailey-la2022]

Why don’t hear more of these information.. super helpful and awesome 👏 gods is good 👍

[@KelvinMcNeil]

Thanks for watching!

[@RWalker69]

Great video first visit. Very clear to the point.

[@KelvinMcNeil]

Thanks for watching! Subscribe for more.

[@KountryBoiSlimm]

Always good content bro!!

[@KelvinMcNeil]

@@KountryBoiSlimm thank you!

[@superb.3703]

you give to us real,,,,....... Awesome work fam.

[@iranie4981]

Hi Kelvin...interested in launching a new LLC for real estate investment. What NAICS code can I utilize (besides the 1 for real estate)? I've learned that real estate seems to be 1 of the riskier types of businesses which receive either very low funding from banks or none at all.

[@KelvinMcNeil]

There are multiple sub categories for Real Estate. None of them are treated any different. Real Estate will always be considered high risk so there’s no way to avoid it. You just have to deal with real estate lenders and learn how to get creative funding.

[@LL-eb7bn]

Excellent excellent video!! Thank you.

[@KelvinMcNeil]

Thanks for watching! I’m glad you enjoyed it. Be sure to subscribe if you have an already.

[@dlataye]

Uline requires 6 months of prepaid orders (no minimum) before you can checkout as a Net30 option as a new business and Quill 3 months of prepaid orders at a minimum of $100 per order

[@KelvinMcNeil]

Thanks for sharing!

[@Girlcourier]

I never experience that from uline!

[@MartyMcFlyGuy]

Not true

[@SiennaJoaquino]

Uline told me the same as well on Sept 2023. I wasted my first purchase on them. Went to Grainger NET30 instead.

[@coletteknight3605]

I received a net 30 as a brand new business unless this is something very new, that is inaccurate. Great video and great information/confirmation! Thanks for taking the time! New sub here!❤

[@Dealsndeals]

Do one have to apply for d&b number first before applying for net30 account

[@KelvinMcNeil]

@@Dealsndeals absolutely

[@RodJohnson-vh1is]

I'm sure it's just a typo, but at the 2:48 time counter, on your logo, the word business is misspelled.

[@KelvinMcNeil]

@@RodJohnson-vh1is I didn’t notice until now 😂 I must’ve downloaded the wrong thumbnail when I added the overlay. The real thumbnail has the correct spelling, but good looking out. That’s what I get for rushing when I made the original thumbnail and also rushing while editing this video. 😅

[@thenaturalmermaid]

Great video and channel!

[@KelvinMcNeil]

Thank you! 🙏🏾

[@Jazzbu]

I am interested in trying the Sam's Club option. I went to their website and I saw a Mastercard and a business Mastercard. I chose the business option and it's asking for a PG, did I select the correct option? Also do you recommend going ahead and submitting it with a PG, if I provide a PG will it still report to the business credit bureaus (D&B, Experian Business, Equifax business, etc) ?

[@KelvinMcNeil]

Both the SAMS Business Credit Card and Business Store Card can be obtained using your EIN in place of your SSN. But things tend to change and most Business Credit Cards require a PG. So its best to apply in store for verification.

[@prettytoya1080]

Very informational thank you

[@KelvinMcNeil]

You’re welcome. Thanks for watching!

[@bendsstewart]

Please do a review on what options there are for new LLC cash funding with no PG if that's even possible. Thank you for your videos and information

[@KelvinMcNeil]

Are you asking if it’s possible for a brand new LLC to receive a business loan with no business revenue? And no PG?

[@bendsstewart]

@@KelvinMcNeil yes, exactly

[@CEODMayes]

Great content King 😎

[@KelvinMcNeil]

Thank you 🙏🏾

[@IAMtheempress21]

Hi does the home depot commercial account regmquire a pg?

[@KelvinMcNeil]

@@IAMtheempress21 no it doesn’t

[@IAMtheempress21]

@KelvinMcNeil ok I did something wrong. They are asking for a pg. I will try again. Thx

[@terrencethermitus-qm8os]

Are all the tier 1 and net 30s are business accounts that has to be paid monthly because I plan to go in construction which has nothing to do with some of the basic tier 1 and net 30 options I see.

[@KelvinMcNeil]

I understand what you mean when you say they have nothing to do with your construction business. You’ll need funding and these tier 1s are the stepping stones to help you build & establish the positive payment history needed to increase your ability to get funding for your business.

[@ANDREBODDIE1]

Excellent

[@TiffanyNgwashi]

Thank you!!

[@KelvinMcNeil]

@@TiffanyNgwashi you’re welcome!

[@dillyman2820]

Good looks

[@chappelgirl3762]

You’re Excellent!!

[@KelvinMcNeil]

No, you are!

[@djoneway69]

Great information.

[@KelvinMcNeil]

Thank you!

[@bosscharm100]

I'm glad I sub to your page so many gems God bless you!

[@KelvinMcNeil]

God bless you too! Thanks for subscribing

[@ingollc5616]

FYI...Hard Pull on the Bank of America Secured Credit Card

[@KelvinMcNeil]

Thanks for sharing

[@TamarahTravels]

Great info!

[@KelvinMcNeil]

Thanks for watching!

[@crazytony22000]

Got a question,. When qualifying for a net 30 account,. To pay that account off can u pay it with buisness debit card ? Or does it have to be a CREDIT card to boost ur credit rating ?

[@KelvinMcNeil]

It needs to be paid with any business account. Whether it be a business debit, corporate credit card or business credit card, or ACH payment via business checking. Any of these will do.

[@crazytony22000]

@@KelvinMcNeil thank you for that info , and quick response,. I’ve been trying to look for the answers all over the internet and nothing,. Thank you again!! Have a blessed day

[@KelvinMcNeil]

@@crazytony22000 no problem and you too!

[@abiyah_lael]

12:34 that cup didn't look like it had any drink in it, but I can appreciate the drama!😂 Thanks for the video!

[@KelvinMcNeil]

It definitely didn’t 😂

[@RoxziJackson888]

Thank you

[@KelvinMcNeil]

You’re welcome!!

[@tonydavidborlado8326]

bro this is the most complet video I've ever seen

[@KelvinMcNeil]

@@tonydavidborlado8326 thank you!

[@JavierS-cw1me]

Why nobody talk about the requirements? For all the accounts such as years in business and annual revenue.

[@KelvinMcNeil]

I absolutely do. It’s all over my channel including this video.

[@KelvinMcNeil]

None of the tier 1 or tier 2 Net 30s require revenue or time in business.

[@FaithMove2024]

Do you recommend connecting my bank account within the NAV CASH FLOW HEALTH/Financial Health?

[@KelvinMcNeil]

Yes, if you’re doing well in business and you wish to get additional financial insights to see where you stand.

[@FaithMove2024]

@@KelvinMcNeil Ok. Also, I was denied the NAV Prime Card bc they could not verify your identity, I don't understand why? However, I'm waiting for a return call.

[@FaithMove2024]

Thank you for your help. Also I was approved for HD Commercial and Sam's Club Credit Card..

[@myyear1312]

@@FaithMove2024hi how long did you wait to start business credit before getting approved?

[@FaithMove2024]

@@myyear1312 About a year or so. I was approved for Uline immediately. Quill took about 6 months after multiple orders of min $100 each.

[@SkulLenity]

For net 30 once your score increases to where you want do you have to keep them every month?

[@KelvinMcNeil]

Your Experian Intelliscore will decrease if you go more than 6 months without any payment history reported. Those tradelines then become inactive and you use credit.

[@KelvinMcNeil]

So the goal is to use Net 30s as stepping stones to get tier 2 & tier 3 accounts like business credit cards etc so you can stop using Net 30s

[@mindfulnexthub]

You are so so wonderful guy!!!

[@KelvinMcNeil]

Thank you! 🙏🏾

[@HemzInternational]

Happy New Year Kelvin 😂😂 No days off !!

[@KelvinMcNeil]

I tried to take a day off and failed. 😂

[@KelvinMcNeil]

Happy New Year to you too! 🎉

[@rcj9611]

Is anybody having issues with the nav business credit card? Mine hardly ever works when trying to purchase items and I have money in my account...

[@KelvinMcNeil]

Have you contacted NAV?

[@rcj9611]

@KelvinMcNeil I've tried but there is no one that you can actually talk too on the credit card side. I'm gonna try to speak to one of the credit specialist tomorrow tho

[@KelvinMcNeil]

@@rcj9611 so you were using it and then all of a sudden it stopped working?

[@rcj9611]

@KelvinMcNeil it's like it's never really worked. It only works on small purchases like under $10. (And sometimes it doesn't work on small purchases) It really doesn't work on purchases around$50 and over. ( It's worked maybe once or twice on purchases of this amount) I have it linked to my business checking account and there is a large amount of money in the account at all times so I know it's not a situation where there's not enough money to cover purchases

[@KelvinMcNeil]

@@rcj9611 its only accepted where Visa charge cards are accepted and its not yet available in some states. But yeah, I would check with them to make sure there isn't an issue between your bank and the bank NAV uses for the charge card.

[@happilye.v.e.rafter3534]

I love this video

[@KelvinMcNeil]

@@happilye.v.e.rafter3534 🙏🏾

[@KelvinMcNeil]

@@happilye.v.e.rafter3534 what do you love about it?

[@lotus0778]

Bank of America did a hard pull for the Business Secured card.

[@KelvinMcNeil]

Thanks for sharing

[@nicholebrown5102]

Does Home Depot commercial account requires a pg?

[@KelvinMcNeil]

No, it doesn’t

[@andresanders9130]

@@KelvinMcNeilwhen I went to go apply, it said a pg was required, any info on this?

[@Fawana-jc1fy]

Uline Is Hard To Get A Net30 Account

[@KelvinMcNeil]

@@Fawana-jc1fy it really isn’t. Create your online account and then give them a call. That’s all it takes.

[@angeloaponte420]

Dell no longer accepts business applications

[@KelvinMcNeil]

@@angeloaponte420 oh really? I’ll follow up and verify for myself. If this is true I’ll remove them from the list.

[@NBA2KISTRASH]

Bcc supplies tripping with that $25 a month just to report with there being so many other options without having to spend $300 annually.

[@KelvinMcNeil]

The beautiful thing is there are 11 other options featured in this video. I try to give variety while explaining the method & strategy.

[@NBA2KISTRASH]

@@KelvinMcNeil I didn’t mention the others because it wasn’t necessary. I highlighted the ridiculous one that’s clearly price gouging new business owners.

[@RozinaMarie]

what is your rok financial link?.

[@KelvinMcNeil]

tinyurl.com/GSCRokFi

[@stevek758]

Im a 17 year old business with not a single credit line. My credit is a 590 not good. What is the best card to go for at this point to build? Thanks

[@KelvinMcNeil]

You’re not ready for a credit card yet. Rewatch the video to understand the process and tier system. After you’ve gotten a few Net 30s to report then you graduate to a corporate card 1st. THEN, eventually a business credit card. But you’ve gotta fix your personal credit.

[@blu3ch3w]

if I have 7 new accounts reporting in the last 2 months how long do I have to wait before I can apply again for business funding without them denying me for new accounts??

[@KelvinMcNeil]

When you say 7 new accounts do you mean vendor accounts like Net 30s, loans, credit cards? When you reporting are they actually showing up on your business credit report yet? Because it can take up to 90 days for new accounts to report.

[@blu3ch3w]

@@KelvinMcNeil no I mean actual accounts like 7 new credit cards showing up on my personal report

[@blu3ch3w]

I’m tryna personally guarantee my business credit cards but I have 7 new personal credit cards on my personal credit report I wanna know how long do I have to let them age before i can apply for business funding without them denying me for new accounts

[@KelvinMcNeil]

@@blu3ch3w I would say at minimum… 3 months and even then due to the high number of new accounts you may not be all clear until 6 months. It would also help to not carry high balances on those new cards.

[@blu3ch3w]

@@KelvinMcNeil thanks brother this is amazing info my score is 765 but new accounts been getting me denied

[@shehzadchowdhury8327]

NAV doesn't show DnB Score anymore?

[@KelvinMcNeil]

No, they don’t. It’s unfortunate but I predicted this would happen in this video: kzbin.info/www/bejne/d33dZadqhL6hhbc

[@shehzadchowdhury8327]

@@KelvinMcNeil then how will I see dnb business score ?

[@KelvinMcNeil]

@@shehzadchowdhury8327 on the D&B website

[@heavyhankssolutions]

Good game

[@angelomccray6346]

What about Grainger I think they are a great tier 1 vendor

[@KelvinMcNeil]

Yes, Grainger is in line with Uline & Quill. Grainger has more physical stores too.

[@aliyahthegardenist]

Thanks for the HomeDepot tip!!😂❤

[@KelvinMcNeil]

No problem!

[@TheCashflowcash]

I appreciate the info, but I believe you’re leaving out a bit of information when it comes to the Wes Fleet gas card application…. I tried it twice with two different sales associates and they both denied me. I told them that I didn’t want to P.G . They said ,it’s was OK .how long have you been in business.. I told them ,only one year. They both said .Sorry, you have to be in business at least 2 years. For us to approve you with a no P.G application.

[@KelvinMcNeil]

I appreciate the feedback. It’s been many years since I had a new business or applied for a new gas card so it is possible they’ve tightened the underwriting guidelines.

[@KelvinMcNeil]

However, which specific card did you apply for? Remember I said the Wex Fleet card requires established business credit if you’re a new business. The only no PG cards you’ll be able to get as a new business are the base level fuel cards with no cobrand.

[@TheCashflowcash]

My apologies I should have check the actual name of the gas card before I disrespectfully down your original post. It was not the. Wes Fleet Card that rejected me. It was a fuelman gas card so for that I deeply apologize. Today I will try the card that you recommended. Thank you and God bless.

[@KelvinMcNeil]

@@TheCashflowcash no worries. I figured it may have been the wrong card.

[@danielakeceo]

Dude those dings are loud and annoying

[@michaelmeans1900]

Shirtsy the red spectrum

[@asiam9614]

🔥🔥🔥

[@KelvinMcNeil]

❤️‍🔥❤️‍🔥❤️‍🔥

[@devinehealing.ash55]

❤❤❤❤❤

[@TheSharlethaG]

🙌🏾

[@sableone8462]

❤❤❤

[@KelvinMcNeil]

@@sableone8462 🫶🏾🫶🏾🫶🏾

[@j.r.betancourt3620]

Bro can you please lower the volume on your little sound effects ? I’m listen to your video in my car your voice is normal but those effect come thru super loud and hurts my ear

[@KelvinMcNeil]

It’s because you’re listening in your car. If you were listening on your phone or laptop it wouldn’t be nearly as loud.

[@KelvinMcNeil]

But I appreciate the feedback. I’ll keep this in mind next time I’m editing a video! 🙏🏾

[@KelvinMcNeil]

Thanks for watching!

[@two2tango222]

@@KelvinMcNeil🤦🏽‍♀️🥴 second hand embarrassment… I’m new here thanks so much for the info

[@rhyan1986]

⚡

[@detroitcityslicker2706]

There definitely wasn’t anything in that coffee cup 🤦🏾‍♂️

[@KelvinMcNeil]

There was a corner of coffee left… or was it. 😂

[@katbax55]

K - QUILL stopped reporting as of 3/2023. Have they started again? Reps state they don't have a new contract yet. FYI

[@KelvinMcNeil]

Who did the reps say they stopped reporting to? And when was this?

[@katbax55]

​@@KelvinMcNeil Experian. Rep states that QUILL still doesn't have any contracts for Bureau Rptg. They haven't reported since last yr.

[@essentialinformer]

QUILL Immediately Denied our business

[@KelvinMcNeil]

Why?

[@essentialinformer]

@@KelvinMcNeil ???

[@KelvinMcNeil]

@@essentialinformer you simply stated that you were denied by Quill. Why were you denied? They are required to give you a reason.

[@essentialinformer]

@@KelvinMcNeil All it said was we cannot grant you net 30 invoice at this time

[@yvetter5347]

Hi Kelvin, I appreciate the great info you're sharing. But my question is, do you think I may have a problem attaining a Sam's club business account if I have prior agreement with Synchrony bank; that was set up for a personal emergency thru Care Credit for my furbaby?

[@allthingsmia007]

And half of these companies ain't working 8mnths later.

[@KelvinMcNeil]

@@allthingsmia007 what companies “ain’t working” 8 months later? Your comment doesn’t make sense.

[@allthingsmia007]

@@KelvinMcNeil getting business credit with the companies you're mentioning.

[@Dealsndeals]

Do one have to apply for d&b number first before applying for net30 account

[@laguardiasmith3599]

Yes

[@Getchamindrite]

I appreciate the info.

[@KelvinMcNeil]

No problem and I appreciate you for watching!

[@yingyang828]

❤❤❤

[@Dealsndeals]

Do one have to apply for d&b number first before applying for net30 account

[@KelvinMcNeil]

@@Dealsndeals yes you do.

[@Dealsndeals]

@@KelvinMcNeil I did applied dnb number but it is almost over 6 weeks they haven’t issued a number