Creditors, Lenders, Trade Accounts and so on prefer to see an actual business entity. Furthermore a separate entity can separate you personally from the liability of operating your business. Unless you’re required to operate as a LLP or other type of partnership (Medical Practice, Law Firm, CPA, etc.), you should create a business entity. Your personal and business credit can never be truly separated if you operate as a sole proprietorship or partnership – everything you do remains “personal”
Building strong business credit and getting approved for financing is all about paying attention to the details. It is very important that we have your exact business legal name. This includes the recorded DBA filing (not required) you will be using.
Overview:What better proves to a lender that you are a real business than having a real business address? Do not use a post office box or UPS box (can flag your file as high risk). You can use your home address for business credit building, but be aware that some lenders will not fund “home based” businesses. This will not stop you from building business credit scores, but may limit some of your funding options. Overview: The perception lenders, vendors, and creditors have of your business is critical to your ability to build strong business credit. This perception is why we highly recommend that you have a business phone number listed under 411, and optional “800” numbers or Fax Number.
You must have a dedicated business phone number that is listed with 411 directory assistance, under the business name. Do not use your home number, cell number or other non business numbers it may “flag” your business as a higher risk. Lenders, vendors, creditors, and even insurance providers will verify the business phone and look for the 411 listing. Business Fax Number (optional): Does your business need a fax number? It can be more cost effective and efficient to use a virtual fax number. You can fax and receive faxes by using your email account. Submitting Your Number to 411 Directory.
*** DO NOT USE CELL OR RESIDENTIAL PHONES ***
You have the option below to select Yes for your business name and phone number to be submitted for listing with the national 411 directory. This is a courtesy service and we cannot guarantee every submission because we are simply passing your information to 411. Please do not enter a cell phone or home phone number in the field provided. Only enter a business land line or a virtual number (VOIP or local area code numbers from providers like Ring Central, etc.). *Allow up to 2 weeks for your phone number to show as listed. After selecting Yes you’ll need to click the “Save & Continue” button in order for your information to be submitted to 411. **Another option: If you are using a local carrier service they can list the number under 411.
Creditors verify your website and email address as part of the verification process. Keep in mind though that your customers and prospects will certainly look at your online presence.