Companies that Offer Net 30 Terms
There are obvious benefits for a business to have the ability to buy products and services it needs on credit. It allows you to conserve cash flow and establish a trade reference that can be used on future credit applications. Depending on if and who the company reports to, it can also establish a trade line on your company’s business credit report.
What is net 30 terms?
When a company extends Net 30 terms you have the ability to purchase their products or services on credit with payment due in full in thirty days. For optimum business credit building results it’s best to pay 15 or even 20 days ahead of the due date so it reflects that your business pays sooner than terms.
One company, Strategic Network Solutions (S.N.S.), an Information Technology services company, makes it easy for start-ups and existing businesses to establish a Net 30 trade line of credit with their company.
They offer computer hardware & software, office supplies, eBooks and technology services such as Endpoint Security and Disaster Recovery. They are also authorized resellers of AVG, Acronis, APC, Dell, LogMeIn and Symantec, so there are plenty of products available to purchase in its online store.
How do you establish a trade line of credit with S.N.S.?
You’ll need to register at Strategic’s website (step-by-step instructions below) and make an initial purchase from their website in the amount of $60 or more. After you make an initial purchase they will extend your company a $1,000 Net 30 trade line of credit. It’s essential to use your credit line on a regular basis since they incrementally increase your credit limit by $500 based on prompt payments and regular account activity.
Strategic Network Solutions Net 30 Account Setup (Step-by-Step)
Here is how to set up a Net 30 business account:
Step 1 – Go to the Strategic Network Solutions web site
Step 2 – Click on the top menu tab labeled “Register”
Step 3 – Create your User ID, Password & Security Question/Answer
Step 4 – Enter your Referral Code: (SNSSBC)
Step 5 – Enter your Shipping Address/Business Information/Billing Address
Step 6 – Read all the Terms regarding your business credit account
Step 7 – Enter captcha code and check both boxes and then click on the “Continue” tab
Once you’ve activated an account and made an initial purchase of $60 or more you can use your new $1,000 line of credit to purchase remote support services, digital products and downloadables. The products available in their online store are computer hardware & software, office supplies, and eBooks.
The services available from Strategic Network Solutions are as follows:
- Business Continuity
- Backup and Data Assessment
- Backup and Data Application Value Analysis
- Disaster Recovery
- Endpoint Security
- Hardware Endpoint Security
- Managed Services
- Network Service & Support
- Offsite Data Backup and Restore
- Outdated Hardware Dismantling
- Proactive Support
- Process and Technology Mapping
- Software Endpoint Security
- Recovery and Continuity Tactics
Once you make a purchase using your new credit line you can pay your net 30 bill between 1 and 29 days from the date of purchase. The sooner you pay your bill the better since S.N.S. does take note of prompt, slow and late paying customers which plays a role in future credit limit increases.
In addition, your company’s timely payment history will reflect positively on its business credit file. With regards to credit reporting, as you use your credit line and pay your bills, S.N.S. submits your payment data on the last business day of every month to a business credit reporting agency known as Creditsafe. Creditsafe is a major supplier of business credit reports in the world. In, 2014, they delivered more than 75 million reports to 80,000 customers around the globe.
It’s important to realize that establishing a relationship with Strategic Network Solutions and other companies that offer Net 30 terms enables your business to build its own list of trade references. These trade references can be used on future credit applications and added to your Dun & Bradstreet business credit file if a particular company does not report to that agency. To manually add trade references to your Dun & Bradstreet report requires the purchase of one of its CreditBuilder™ services.
Looking for more companies that offer Net 30 terms? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to Net 30 vendors, fleet cards, business credit cards with and without a PG, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free business credit building audio seminar ($597 value) =>
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About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’,’American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’.