Lesson 1, Topic 1
In Progress

Starter Vendor List

Quill Office Supplies

Description: Quill sells office supplies, cleaning supplies, packing and shipping supplies, school supplies, printing supplies, and more. From filing and storage to hand held computers, Quill has a wide range of discounted top name brand products.

Reports to: Dun & Bradstreet

Approval Requirements: You will need to place an initial order before you can be considered for a Net 30 account. If you have a D&B Paydex and Experian Intelliscore established you will probably get approved with your initial order. For new businesses with little to no credit history, you will most likely be put on a 90 day prepayment schedule. If you make an order every month for 90 days, they will more than likely extend a Net 30 account to your company. Although new businesses may start out with a smaller credit limit this will increase over time as you make timely invoice payments.

Payment Terms: Net 30

CLICK HERE to Apply

Uline Shipping Supplies

Description: Uline is the leading distributor of shipping, industrial, packing materials, and janitorial products.  Almost all orders placed with Uline are shipped the same day, with no backorders.

Reports to: Dun & Bradstreet

Approval Requirements:  You will need to have a D-U-N-S Number before you apply for credit. Your Net 30 credit limit amount will depend on your business credit report and trade and bank references. You are required to supply at least 2 trade references and 1 bank reference. If you are a new business they may ask for additional financial documentation. If there is little to no credit history with D&B, you may be required to prepay your first few orders before they will set up a net 30 account under your business name.

Payment Terms: Net 30

CLICK HERE to Apply

Paramount Payment Systems

Description: Paramount Payment Systems gives your business the ability to offer your customers payment terms on products and services you currently offer. This is a powerful way to increase sales since potential customers may not be able to afford high up-front costs associated with pricey products and/or services. This program enables you to get paid right upfront while giving your customers the ability to pay over time. This program works because it’s based on the customer’s checking account history not credit scores or assets they own.

Approval Requirements:  This program will NOT work for businesses in the following industries: Web design, Jewelers, Used Cars (unless they have a body shop or repair shop), Basic Retail, Businesses that run 100% online, TV sales, Cell phones and Car/Home audio/Finance related. To get approved you will need to provide an EIN, years in business, and 2 trade references along with basic business information. The signor on the paperwork will also need to provide basic personal information but no personal guarantor is required. You may also need to provide a voided check from the company’s business checking account and most recent month’s bank statement.

Reports to: D&B

Payment Terms: Net 30

CLICK HERE to Apply

Strategic Network Solutions

Description: Strategic Network Solutions has been in business for more than 15 years and now has more than 3000 clients. Their products are all computer, electronic and productivity related. Just about every business can utilize something in their store.

(They also provide businesses with unlimited credit references.  This means that you can have a vendor call, fax or email them their credit request.  When Strategic receives a credit reference request they send an email to you so that you can be informed regarding the status of their request.  There is never a charge for this service. )

Approval Requirements:  Once you register on their website and make an initial purchase in the amount of $60.00 or more, they then establish a $1000.00 Net 30 terms trade line of credit.

After you have established an account with their company, they incrementally increase your trade line of credit by $500.00 based on prompt payments and regular account activity.

Reports to: Creditsafe and Experian Commercial

Payment Terms: Net 30

CLICK HERE to Apply

Venture Logix

Description: Venture Logix provides business web hosting with 5GB of disk space, 20GB bandwidth, business webpage, unlimited email, all on Net 30 billing for $25 a month.

Approval Requirements:  This is a greater starter account since it’s a monthly billing service that every business with a website needs already. But best of all, it reports to all three major business credit reporting agencies. They approve almost every business.

Payment Terms: Net 30

Reports to: D&B, Experian Business and Equifax Small Business

CLICK HERE to Apply

Grainger Industrial Supply

Description: Grainger works with more than 1,300 suppliers to provide customers with: electrical, fasteners, fleet maintenance, HVACR, hardware, janitorial, material handling, pneumatics, power tools, pumps, and much more.

Approval Requirements:  Grainger will approve almost every business with a business license that applies for credit with credit limits starting at $1,000. If you want more than a $1,000 limit than you will need to supply trade and bank references. To apply first complete the registration on their web site to apply or you can apply directly over the phone. To get a line of credit you’ll need to supply your company’s EIN number which they’ll verify or you can supply a copy of a business check or business license. Upon verifying one of the pieces of information an account rep will contact you usually within 30 minutes.

Note: The 1st order with Grainger must be by credit card only, 2nd order you choose net 30 terms.

Payment Terms: Net 30

Reports to: D&B quarterly

CLICK HERE to Apply