Step 4.5 Vendors for Major Retail and Fleet Cards
These vendors are major retail chains and specialty providers that report to the business credit reporting agencies.
Module 4: Vendor Credit Lines
Step 4.5: Vendors for Major Retail and Fleet Cards
Vendors for Major Retail and Fleet Cards
The Rules for Applying With Vendors Are...
- Always submit each application with personal information left blank when possible.
- If any of the vendors ask for a social security number, be sure to tell them you want to try qualifying for credit terms based exclusively on your business information first.
- You may still need to provide a personal guarantor with some of the providers. Remember, providing a guarantor is fine as it only affects the guarantor's personal credit in the case of total default. A few late payments will not affect personal credit, but you should never be late on payments as it does affect your business credit reports.
The vendors below specialize in providing credit terms for Major Retail and Fleet Cards. Select the ones you qualify for and want to apply for credit with.
Macy's
Description: Macy's corporate sales and services can help you with employee recognition, customer appreciation, company dress code programs, and special holiday and thank you gifts.
Reports to: Dun & Bradstreet
Approval Requirements: You must have a D&B Paydex® score which they will compare to your industry average to decide on approval. You may have to supply a banking reference but no personal guarantor is required for corporate accounts. To apply you will need to go to a Macy's store location and go to the customer service desk. Macy's business accounts vary so the credit you can get approved for will depend on the nature of your business.
Payment Terms: Net 30
CLICK HERE to find a location
Samuel & Sons
Description: Samuel & Sons has long been a coveted source for the finest quality trimmings such as tassels, borders, braids, gimp, fringes and more. Interior designers and architects around the world have come to rely on the quality and selection available in stock.
Reports to: N/A (may use as a trade reference)
Approval Requirements: Must be able to supply a minimum of 4 trade references.
Payment Terms: Net 30
CLICK HERE to apply
Secured Fleet One Card
Description: The Fleet One card can be used to pay for fuel, tires, brakes, regular maintenance, etc. Fleet One Cards are also accepted at Kroger owned grocery and convenience stores. This includes: CityMarket, Dillons, Food4Less, FredMeyer, Fry's, Hilander, JayC, KingSoopers, Kroger, Owen's, PayLess, QFC, Ralph's and Smith's.
Reports to: Dun & Bradstreet, Cortera, Equifax
Approval Requirements: If the signing applicant is a company owner or officer with a FICO® (personal credit score) above 600, then your business should be automatically approved for the "unsecured" charge card. If no one wants to sign using their personal credit information (social security #), then the card can be a prepaid "secured" card, you must submit the unsecured application first. If you don't qualify based on business or personal credit, FleetOne will offer the secured card option.
Payment Terms: Net Terms
CLICK HERE to apply
Secured Wright Express Fleet Card
Description: Wright Express offers universal fleet cards, heavy truck cards, and universally accepted business fleet cards designed with features that support the small business, including a rewards program.
Reports to: Dun & Bradstreet, Experian Business & Equifax Small Business
Approval Requirements: If the signing applicant is a company owner or officer with a FICO® (personal credit score) above 650, then your business should be automatically approved for the "unsecured" charge card but it will require a personal guarantor. If no one wants to sign using their personal credit information (social security #), then the card can be a prepaid "secured" card with a minimum $500 deposit and it does report to all three major business credit reporting agencies.
Payment Terms: Net Terms
CLICK HERE to apply
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Task to Complete
Select the vendors you qualify for and want to apply with.
