Virtual Office

Use A Virtual Office To Build Business Credit Faster

If you’re running a business from home or if your startup simply can’t afford office space at the moment, you may want to consider using a virtual office. You can avoid getting locked into an expensive lease on office space and keep your home address separate from your business address. Many virtual office services can come complete with a unique business address, a business fax number and business phone number which is answered by an actual human secretary. Some will even scan and email you all of the mail received at your virtual office address.

However, not all virtual office services are adequate for building business credit. Some may only provide a shared address which is not unique to any one business. This is why we suggest virtual office services like Davinci Virtual and Opus Virtual Offices.

Another common mistake is using a post office box as your business address while attempting to build business credit. If you don't have an office or storefront and you need a business address, we suggest using a virtual office that offers everything you need.

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*You may already have existing credit scores which can affect your ability to build business credit. There is no one business credit score which is used by all credit grantors and lenders as the sole criteria to determine the creditworthiness of a business. Our scoring system exists to help business owners view and track the fundability or their business based on user submitted information. Credit grantors and lenders may create their own models based on information such as the type of credit and/or other funding an applicant is seeking. Additionally, there are credit scoring models created by credit bureaus and these may also affect your ability to qualify for business credit or other funding.