A Smart Strategy to Build Business Credit
Establishing and maximizing your business credit score is essential for small business owners striving to secure funding and grow their business. At Growegy, we understand the importance of a solid credit rating and are committed to helping you build that essential credit history. By introducing innovative payment strategies, we ensure you’re not only meeting your operational needs but also strengthening your credit profile while saving money and maximizing impact.
The Game Changed for Building Business Credit
If you’re on a mission to bolster your business credit, here’s a strategy that’s an absolute game changer.
Use the Nav Prime card or the FairFigure Business Credit Builder (EIN only business cards) to pay your Net 30 invoices, like the ones Growegy sends out. Yes, you read that right! It might seem like a simple tweak, but it can significantly accelerate your credit-building efforts.
Here’s how it works: paying your Growegy invoices with these cards does more than just settle a bill. Both the Nav Prime and FairFigure cards report your transactions to business credit bureaus, which means each purchase made with these cards is an opportunity to build your business credit. By aligning this with your existing invoice payments at Growegy, you’re doubling the impact. One payment, two credit reports—how’s that for efficiency?
The Power of Net 30 Invoices
What makes this strategy even more potent is integrating the use of Net 30 invoices with these credit cards. When you pay off your Growegy invoice with either the Nav Prime or FairFigure card, it results in dual reporting to the bureaus—both from the invoice and the credit card transaction. The invoice from Growegy meets the minimum to be reported to the credit bureaus so no additional purchases on your business cards are required.
The Advantage of No Personal Credit Check
One of the greatest benefits of using the Nav Prime card, the FairFigure card and even the Net 30 account with Growegy is that they do not rely on your personal credit score. Instead, they focus solely on business credit. There is no personal credit check or personal guarantee. This means you can start strengthening your business’s credit profile independently of your personal credit history, keeping your personal credit score intact. For small business owners, especially those just starting, this can make all the difference in building a solid foundation for future funding opportunities.
Stay Tuned for More Tips
At Growegy, our mission is to provide you with the tools and strategies necessary to grow your business efficiently. Utilizing business credit cards that support credit reporting, and aligning them with your Growegy invoices, is just one of the many strategies we recommend to small business owners like you. For more insight and tips designed to help you level up your business strategy, be sure to follow us on social media and YouTube.
Together, we can pave the way for your business’s financial growth and success. Get your Growegy Net30 account today. Let’s grow together!
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Growegy is not a credit repair organization, financial advisor, financial planner, investment advisor, tax preparer, or acting as a fiduciary, as those or similar terms may be defined under federal or state law. Growegy makes recommendations you may find helpful. Growegy reports business tradelines to business credit bureaus. It is up to you to make the final decision about what is in your and your business’s financial interest.