Building business credit can be as simple as setting up net 30 vendor accounts with businesses that report to credit bureaus. Making timely payments will help you establish a better company credit score and eventually be eligible for various types of financing for your organization.
Two of the market’s most popular net 30 vendors are Strategic Network Solutions and Crown Office Supplies. In this article, we’ll make a comparison between the two. Which one is more advantageous for your business? Let’s dive right in.
Strategic Network Solutions
Strategic Network Solutions is a provider of IT services focusing on downloadable products, including antivirus software, disaster recovery, and product support. That means they do not sell any physical products, and you can only use virtual products for your net-30 account. While they have a wide variety of products, they fall short when it comes to high-quality office supplies.
Strategic Network Solutions also has the same owner as Summa Office Supplies and Ohana Office Supplies. They even share the same virtual address. Strategic Network Solutions reports only to two credit bureaus: Experian and Credit Safe. Strategic Network Solutions charges a low yearly price of $75, but keep in mind that a credit limit of $2000 is only available to customers who purchase $75 or more.
Crown Office Supplies
Crown Office Supplies is your one-stop shop for everything you could need for your place of business, from office supplies and stationery to laptops and office furniture. One of the most important factors to remember when looking for an office supply company is the variety of products they offer. Having been in business for five years, Crown Office Supplies has the expertise you need to build your company’s credit and provide office supplies.
Your credit score is critical for any business, whether you’re applying for future financing or needing to borrow money right now. If your firm is reported to as many credit agencies as possible, your credit rating will rise. The fact that Crown Office Supplies reports to seven different credit agencies, such as Ansonia, CreditSafe, D&B (Dun & Bradstreet), Equifax, Experian, LexisNexis, NACM, and SBFE, makes it an ideal choice for your company.
Convenience is among the most important things to consider when opening a net 30 account. Crown Office Supplies is an excellent choice for those who do not plan to invest excessive time, effort, or money in the process. You don’t have to buy anything to get started. It costs $99 annually, but this could be waived if your company has an excellent credit rating.
Strategic Network Solutions vs. Crown Office Supplies: The Verdict
Opening a net 30 account can help you build business credit from the ground up. It may seem difficult to choose between Strategic Network Solutions and Crown Office Supplies when it comes to office supply companies that accept Net 30 accounts. Both companies are well-known in the industry.
In this article, we’ve explained how each can benefit your organization. With its wide product range, extensive experience, convenient application process, and larger variety of credit reporting bureaus, Crown Office Supplies is the clear winner.
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