Business credit is bigger than opening a few Net-30 accounts. A strong business credit strategy starts with the foundation of the company, continues with legitimate credit relationships and requires you to understand what is actually being reported about your business. CEO Transformation Technologies LLC helps entrepreneurs understand the process, identify gaps and build a step-by-step business credit roadmap.
STOP CHASING RANDOM NET-30 ACCOUNTS.
One of the biggest mistakes business owners make is believing business credit starts with a vendor account.
It doesn't. It starts with the business.
Your company information, legal structure, banking, payment history, industry, commercial credit files and the accounts reporting about your company can all become part of your overall business credit picture.
Different commercial credit bureaus also maintain different information and scoring systems. Dun & Bradstreet, Experian Business and Equifax commercial products do not necessarily contain identical information about the same company.
WE HELP YOU UNDERSTAND WHAT TO BUILD,
WHAT TO CHECK AND WHAT TO DO NEXT.
THE SIX CORE AREAS
Build the business before you build the credit.
We start by reviewing the foundation behind the commercial credit profile. We teach you to review:
WHY IT MATTERS
Commercial credit files can contain company-identifying and background information in addition to payment and credit information. Experian, for example, says its business reports can include company background, payment history, public-record information and other business data.
BUSINESS CREDIT DOESN'T START WITH CREDIT. IT STARTS WITH CREDIBILITY.
Not every vendor belongs in your credit strategy.
Vendor accounts can help a business establish payment relationships, but opening random accounts just to collect tradelines can waste money. Our approach is different. We teach you how to evaluate a vendor before adding it to your business-credit strategy.
The CEO Vendor Check™ — Before considering an account, ask:
REPORTING IS NEVER SOMETHING YOU SHOULD ASSUME.
A vendor's reporting practices can change. Customers should verify current reporting information whenever possible before purchasing products solely for the purpose of building business credit. Dun & Bradstreet also notes that payment experiences that are not reported cannot be considered in its business scores.
Know what a tradeline actually is.
A business tradeline generally represents a credit or payment relationship appearing in a commercial credit file. Depending on the reporting source, this could involve relationships with: suppliers, vendors, commercial credit cards, loans, lines of credit, equipment financing, leasing companies and other commercial creditors.
MORE TRADELINES DOES NOT AUTOMATICALLY MEAN BETTER CREDIT.
The quality of the account, payment history, balances, age, reporting and the rest of the business's profile can matter.
What we teach:
WE DO NOT TEACH FAKE BUSINESS CREDIT.
CEO Transformation Technologies LLC does not promote fabricated payment histories, false business information, deceptive applications or other methods designed to misrepresent a company's creditworthiness. Our focus is legitimate business accounts and real business activity. That makes your company look much more credible.
Don't just chase an 80. Understand what the number means.
PAYDEX® is a Dun & Bradstreet business payment score. D&B states that the score ranges from 1 to 100 and is based on reported trade experiences. D&B describes PAYDEX as a dollar-weighted indicator of past payment performance and says scores of 80 and above fall within its lower-risk category.
We teach:
EXAMPLE
The business should know the actual contractual due date and manage its payment accordingly. D&B recommends paying debts on time or ahead of schedule and having suppliers and vendors report payment experiences.
PAYDEX IS PART OF THE PICTURE. IT IS NOT THE ENTIRE PICTURE.
There isn't just one business credit report.
WE TEACH CUSTOMERS HOW TO:
D&B maintains multiple commercial scores and ratings, not just PAYDEX.
WE TEACH CUSTOMERS HOW TO:
Experian says its business scoring can consider factors including trade experiences, balances, payment behavior, credit utilization, public records, years on file, SIC code and business size.
WE TEACH CUSTOMERS HOW TO:
Equifax says its commercial solutions can include trade history, payment information and risk scores used by organizations making commercial credit decisions.
YOUR JOB ISN'T TO OBSESS OVER ONE NUMBER. YOUR JOB IS TO UNDERSTAND THE PROFILE.
THE CEO BUSINESS CREDIT ROADMAP™
Subject to qualification.
YOU DON'T SKIP LEVELS. YOU BUILD A PROFILE THAT CAN GROW WITH THE BUSINESS.
BUSINESS CREDIT READINESS ASSESSMENT
THIS MAY BE FOR YOU IF...
THIS IS NOT A CREDIT SHORTCUT.
We teach legitimate business-credit development based on real businesses, real accounts and real payment activity.
START FREE.
Before buying another vendor account, check whether your business foundation is ready.
Free. No credit card required.
CEO Business Credit
Foundation Checklist™
Instant Download
BUILD THE PROFILE STEP BY STEP.
Instant digital access. Educational product. Credit and funding results are not guaranteed.
WHAT'S INSIDE:
STRATEGY SESSION
$197 / 60 minutes
We review:
Customer receives: CEO BUSINESS CREDIT ACTION PLAN™
BOOK MY BUSINESS CREDIT SESSION$497
Includes:
THEN CROSS-SELL FUNDING
Do you also want to prepare your business for funding? Once your business credit is moving, the next step is a complete capital strategy with the CEO Capital Blueprint™ or CEO Capital Infrastructure™.
EXPLORE BUSINESS FUNDINGFAQ
YOUR BUSINESS ALREADY HAS A STORY.
Stop guessing. Stop opening random accounts. Stop applying without knowing what's behind your business profile. Build the foundation. Understand the reports. Develop legitimate credit relationships. Pay responsibly. Monitor the profile. Then move strategically.
CEO Transformation Technologies LLC provides business education and consulting services. We are not a bank, lender, credit bureau, credit repair organization or government agency. Information provided through our website, products and services is for educational and business-planning purposes. Vendor reporting practices, bureau data, scoring models, creditor requirements and lending standards may change. We do not guarantee that an account will report, that a score will increase, or that a customer will receive credit, funding, a particular credit limit or specific terms. All credit and financing decisions are made independently by third-party creditors and financial institutions.