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When you’re a solopreneur, you are the brand, the business, and the back office. That also means you’re responsible for setting up systems that give your business a strong financial foundation, and building business credit is one of the most powerful steps you can take early on.
Business credit doesn’t just matter when you’re applying for a loan. It can affect your ability to:
Whether you're running a full-time service business or starting a side hustle, building business credit is one of the smartest long-term moves you can make. Here’s how to do it, step by step.
Think of your EIN like a Social Security number — but for your business. It’s how the IRS recognizes your business as a separate entity.
Even if you’re a sole proprietor, getting an EIN allows you to:
📌 Pro Tip: You can apply for an EIN for free on the IRS website. It only takes a few minutes.
Your D-U-N-S Number (issued by Dun & Bradstreet) is essentially your business credit ID. This number tracks your business’s credit profile and is often required by banks, lenders, and even vendors when offering payment terms.
Once you’re set up, Dun & Bradstreet starts building your credit file, especially once you have vendors reporting payments.
📌 Pro Tip: Make sure your business address and legal name are consistent across all registrations. Mismatched info can delay or damage your credit file.
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Separate your business and personal finances from day one. A dedicated business bank account makes it easier to:
At Investrio, we see this as the foundation for good financial hygiene. It’s the first step toward better data, better reports, and better decisions.
A business credit card helps establish a credit history, but it’s not about racking up charges. It’s about showing consistent, responsible use.
You can:
Even a small monthly charge paid off regularly can help build your credit profile over time.
This might seem obvious, but payment history is one of the most important factors in your business credit score. Even one late payment can hurt your score, especially in the early stages.
If you work with vendors, ask if they report payments to credit bureaus, many don’t unless requested. Net-30 accounts (type of short term credit offered by suppliers, where you pay vendors within 30 days) are a great way to build credit if reported properly.
✅ Set reminders
✅ Automate payments when possible
✅ Track bills and due dates in one place
At Investrio, we help solopreneurs take control of their financial systems, and building credit is part of that journey.
When you use Investrio to:
When it comes to credit, you’re not just staying organized, you’re laying the groundwork for better credit, stronger funding access, and long-term financial growth. It doesn't take a storefront, a team, or an LLC to begin building business credit. You just need a system, and the intention to treat your business like a business from day one. Start with the basics: get your EIN, open a business bank account, and track your expenses with clarity. The rest builds from there.
Ready to organize your finances and build your business credit with ease? Try the Investrio app!
Investrio is a mission-driven fintech company that empowers solopreneurs by integrating personal and business financial management into a single platform. Designed to simplify taxes and expense tracking, Investrio helps business owners build sustainable practices and achieve financial independence. Backed by Techstars, Investrio is leading the charge in inclusive financial innovation.
For press inquiries, please contact:
hello@investrio.io
www.investrio.io
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