Home Depot Commercial

Net 30 or Net 60 Terms

Home Depot is the world's largest home improvement retailer with over 2,200 stores across the country. The retail stores are interconnected with an e-commerce business that offers more than one million products for the DIY customer and professional contractors.

Requirements:

  • EIN Number
  • Business bank account
  • D&B Paydex Score of 80+
  • Business license (if applicable)
  • 3 years in business or may require a personal guarantor

Note - if your business is less than 3 years old we recommend you have at least 4-6 months of payment history established on your business credit reports.

Business Credit:

  • Receive a Net 30/60 Account
  • Reports to D&B and Experian

To apply go to=> https://www.homedepot.com/

  • Select Commercial Account under credit offers
  • 1

    Remember - D&B Paydex Score

    At level 2 you must have an 80+ Paydex Score already established before applying. If not, go back to level 1 and establish 5+ accounts reporting.

  • 2

    Tip - Purchase Activity

    When you get a net 30 credit account it’s important to use that account regularly. If you only make one purchase it only shows one payment and no ongoing payment history.

  • 3

    Tip - Payment Activity

    Always pay your invoices on or ahead of the due date. Paying better than terms is ideal since this can improve your credit rating even more. An 80 Paydex score means you pay according to terms. In order to achieve a 90 score requires that you pay 20 days sooner than terms. For the top rating of 100 you have to pay 30 days sooner than terms.