Frequently Asked Questions
What is a Business Trade Account?
Open-account, short-term (usually 30 to 90 days) deferred payment terms offered by a seller to a buyer as a standard trade practice or to encourage sales. In some trades such as jewelry business, the credit may extend to 180 days or even longer.
What is a Net 30 Account?
A specific type of trade credit where the payment is due in full 30 days after the item is purchased. Net 30 accounts area great way for a new business to establish tradelines and payment history on their Equifax and Credit Safe Business credit reports.
How will we Report your Credit on your Business Credit Report ?
We will report your business as a business we have extended Net 30 terms to. You will see a Net 30 tradeline account from us on your Equifax and Credit Safe business credit reports.
Can I get more than one tradeline?
Once you make your first purchase we can provide you with opportunities to increase your credit limit, get other tradelines and grow faster buy making ongoing purchases with us. If you have further questions please contact us.
What is a Credit Reference Letter?
A credit reference letter can help you get approved for services based on your dealings with suppliers you’ve previously used. The reference provider vouches for you, making the letter recipient more comfortable with extending credit. These letters are also called letters of good credit or “good standing.” If you need a credit reference letter please contact us.