It’s no secret that building business credit is getting harder and harder. Three years ago, it was possible to get between $ 50,000 and $ 150,000 of cash credit, with a shelf corporation within 3-6 weeks with a shelf corporation. Obtaining a paydex of 80 took 2 weeks because many companies offering net accounts of 30 were reporting quickly.

Now, 3 years later, in 2009, it seems like everyone is trying to make this process difficult. Companies that offer initial accounts want higher purchases to report to the credit bureaus. Some of the companies like Bags and Bowes no longer report. I am sure they have lost a lot of business. And much of our cash credit without pg is gone. There are only a few guys left. Key Bank seems to want a PG for everything.

I was going to keep this little secret, but Key Bank still has an account that does not require a PG and they are giving out nice lines of credit. It is a MasterCard from Key Bank, but it is a Net 30 account. Key does not promote this account on its website, so you will need to call and have a request sent to you by fax or email. Many gurus will charge hundreds of dollars just for that information.

I have had clients from large companies such as B2B Credit and Business Credit Magic with no results. These people are just ripping you off. They assume you don’t know what you are doing and guide you. I want you to know that you can build business credit on your own. The process is simple. There is no rocket science involved, just go through the process and do it. Start with initial accounts; 30 net accounts such as quill, uline and grainger; then it hits your level 2 accounts as your commodity, office warehouse and goes up from there. It’s a basic thing and you don’t need to pay for the DnB business credit generator. In fact, I show my clients how to get it for free. Yes, you can get a DnB credit generator for free. Nobody else shows you this. But since building business credit is getting more and more difficult, this is actually a better reason for you not to pay for the service because you are not getting as much credit as you were a couple of years ago so you are not getting the value of your investment. . .