What is a trade account? A trade account (sometimes referred to as a vendor account) is typically a store account. As you set up your accounts with various vendors make sure you are working towards or setting up net terms. Payments on net terms are reported to the business credit bureaus.

When applying for trade accounts make sure you use your correct business information as it matches on all of your business records.

To make sure your vendors report make sure you purchase is over $50. It typically takes 30-90 days to complete this step and for your payments to report on your business credit reports. Continue to search your reports regularly so you are aware when they start reporting.

If you have any questions reach out to our Advisor Team. Once you have applied for your trade accounts submit the information by clicking on the button below.