Business Credit
Business credit is your business's ability to borrow. Your business credit score influences your access to credit products such as credit cards and loans, giving credit agencies, lenders, vendors and suppliers an indicator of how you handle your debts and your likelihood of paying them on time. Building your business credit can pay off: The lending products available to small businesses include lines of credit, business credit cards, term loans, and letters of credit. Your small business banker can help you understand your options.
2/10/ Net 30
The term 2/10 net 30 means the supplier or seller will give additional 2% discount to the purchaser if the purchaser pays the due amount within 10 days from the date of purchase of goods instead of taking full credit period of 30 days.
Net 60
Net 60 means that the invoice recipient has 60 days to pay the full amount of the invoice. The 60 days most often begin on the date the invoice. We have a list of companies that offer Net 60 accounts.
Net 90
Net 90 is a payment term from vendors letting approved trade credit customers pay invoices for purchases of goods or services in full, so vendors receive payments within 90 days. The 90 days invoice payment due date is generally counted from the invoice date unless otherwise indicated on the invoice. We Also have a list of Net 90 accounts.
Small Business Feul Cards
The best gas credit cards for businesses are also some of the best business credit cards overall. Depending on the product, you could have a credit card that offers bonus rewards for gas and other common categories your business spends money on. We have this list too!