Vendors Who are Major Retail
Service Description: Macy’s, Inc. is one of the nation’s premier omnichannel retailers, with fiscal 2012 sales of $27.7 billion. The company operates the Macy’s and Bloomingdale’s brands with about 840 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s; the macys.com and bloomingdales.com websites, and 12 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement. Macy’s, Inc.’s diverse workforce includes approximately 175,700 employees. Prior to June 1, 2007, Macy’s, Inc. was known as Federated Department Stores, Inc. The company’s shares are traded under the symbol “M” on the New York Stock Exchange.
Reports to: D&B, Corporate Experian and Equifax
Getting Approved: A credit check application would need to be filled out. Fair (640-680) credit is needed. You must also have a D&B score which they will compare to your industry average to decide on approval. Banking references might also be required. No personal guarantee for corporate accounts.
Payment Terms: Net 30 (Reports every 60 days)
Other Information: You will find out within 5-10 minutes whether you are approved or not. If approved, the credit card would arrive within 7-10 business days (2 weeks)
7 Steps to Our Ultimate Business Credit Building System:
[learn_more caption=”Business Questioner and Evaluation:”]
- What type of business credit funding will I receive for my business? Cash or vendor lines?
- How much funding will I receive?
- How fast will I receive the funding?
[/learn_more][learn_more caption=”Personal Credit Training”]
- Personal Credit Repair
- Comprehensive Budgeting
[learn_more caption=”Compliance Process”]
- Separate Legal Entity
- Initial List Filed
- Business Address (combine 4 and 5)
- 411 Listing
- Local Phone
- Business License
- Web Site
- Fax Number
- Business Plan
- Bank Rating
- Business Classification Code
[learn_more caption=”Business Credit Bureaus”]
- D&B® set up
- Steps to Report to D&B®, Corporate Experian® and Corporate Equifax®
[learn_more caption=”Cash Funding and Vendor Lines of Credit”]
- Funding Specialist
- Funding Options
- Starter Vendors & Applications
- Vendors for Office Supplies, Marketing, Print & Applications
- Vendors for Building & Industrial Supplies & Applications
- Revolving Credit Accounts & Applications
- Revolving Accounts for Office Resources & Supplies
- Revolving Accounts for Building & Décor Supplies
- Revolving Accounts with No Personal Guarantee
- Additional Vendors
[learn_more caption=”Business Credit Coaching”]
- Certified Business Credit Coach
- Contact information & Hours
[learn_more caption=”Business Credit Training and Support”]
- The 55 Secrets to Secure Business Credit (CA$H) for Your Business AND Keep
- 100% Ownership of Your Company
- The 29 Credit Score and Repair Secrets, Plus 10 Bonus Secrets to Save Your Home
- CEO Scott Letourneau’s “Golden Rolodex” of Business Credit Vendors & Resources
- Business Credit
- Triple Overlap
- Joint Ventures
- Raising Money
- Incorporate Webinar
- Business Credit Webinar
- Call- in-days with Scott Letourneau
Revolving Credit Accounts
The Starting Set of Revolving Credit Accounts
The rules for applying with revolving accounts are;
1. Always submit each application with your personally SSN information left blank.
2. If any of the revolving accounts ask for a social security number, be sure to tell them you want to first try qualifying for credit terms based solely on your business information.
3. You need to provide a personal guarantee (PG) with some of these providers. Giving a PG is OK as it only affects the guarantor’s personal credit in the case of total default. A few late payments will NOT effect your personal credit, but you still should not be late on payments.