Lesson 1, Topic 1
In Progress

Building Supplies

Lowe’s Hardware

Description: Shop Lowe’s selection of tools, kitchen appliances, cabinets, cabinet hardware, counter-tops and paint. Purchase online or at your local Lowe’s center.

Reports to: Dun & Bradstreet and Experian Business

Approval Requirements:  Apply online for approval with your D-U-N-S Number. Lowe’s issues $1k credit limits for businesses with limited history. With an 85 or higher Paydex score you may receive up to $5k in credit limits. If your business is in operation for less than 3 years then you may be required to supply a guarantor.  A personal guarantor is required by an owner/officer if you are (1) a partnership or proprietorship or (2) a corporation that has been in business less than 3 years. Online application submissions can take as little as 45 seconds for approval. They will mail you a letter if your company is declined.  You may have better success applying at a store location as well.

Payment Terms: Revolving


Sears Commercial One

Description: Sears Commercial One Card can save your company time and money when purchasing Kenmore appliances, lawn tractors, Craftsman tools and many other products. The Sears One Commercial Card comes with enhanced invoice detail, simplified expense tracking, and more.

Reports to: Dun & Bradstreet and Equifax Small Business

Approval Requirements:  Sears requires strong business credit scores (80+) with Dun & Bradstreet. If you don’t have a Paydex score then they will check Experian Business and Equifax Small Business to see if your company has a rating. If you have strong history then they may not require a personal guarantor. If your company is less than 2 years old then they may require a guarantor unless your business has exceptional credit. Leave the social security number on the application blank to try to qualify under the business name only. You will also need to supply your EIN.

Payment Terms: Net 25