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What is Business Tradelines? Any tradeline that appears on your company credit reports is qualified to be called a business tradeline. The two primary types are known as finance tradelines and vendor tradelines. Examples of tradelines in the financial industry are loans and credit cards. Your net 30 accounts with various vendors and suppliers are included in the scope of what we refer to as "vendor tradelines." Business tradelines can consist of: • Business credit cards • Business loans • Business lines of credit • Equipment leases • Supplier credit (products & business services) Sometimes they will report payments to your personal credit reports, occasionally they will report payments to your company credit reports, and sometimes they will report payments to both of your personal and business credit reports. Prior to submitting an application for the funding, you need to make sure you know who they will report to. Information about a company tradeline account is reported, such as the date the account was opened, the total amount due, payment history, credit limit, and other relevant details. However, the payments made on a company credit account are likely the single most crucial factor. Payments for business tradelines contain both on-time and late payments in their respective histories. The several business credit agencies each assign a score that is slightly different based on this information. For instance, the Equifax Business score and the PAYDEX score offered by Dun & Bradstreet each weight payments in a somewhat different way. No matter what, making payments on time or even ahead of schedule is the most important aspect of all of them. Let’s look at each tier in more details; Tier 1 Suppliers Tier 1 companies are the direct providers of the finished product. A first-tier supplier has the most direct contact and relationship with the manufacturers of the final products. It is the final stage of production before the product is sold. A tier 1 supplier is a factory that assembles cotton t-shirts for a garment firm. When starting a small business and seeking to get a business credit score or build solid business credit, opening tier 1 business credit vendor accounts is crucial. These vendor credit accounts are ideal for building business credit and increasing cash flow.