How to Get Approved for Business Credit Cards & Lines of Credit

If you're a small business owner looking to grow, access to credit can make a big difference. Business credit cards and lines of credit can help manage cash flow, cover unexpected expenses, and take advantage of growth opportunities. But getting approved takes more than just applying—you need to be prepared.

At GreenStreet 360, we help business owners build strong financial foundations. Here’s a simple guide to getting approved for business credit cards and lines of credit.

1. Form a Legal Business Entity

Before you can qualify for most business credit, you need an official business structure such as an LLC, corporation, or partnership. Lenders want to see that you’re operating as a legitimate business.

✅ Tip: Make sure your business is registered with the state and that you have all necessary licenses.

2. Get an EIN (Employer Identification Number)

An EIN is like a Social Security Number for your business. It’s required for most business credit applications and shows lenders that your business is separate from your personal finances.

✅ Tip: You can get your EIN for free from the IRS at irs.gov.

3. Set Up a Business Bank Account

Lenders want to see that your business has a dedicated bank account to manage income and expenses. This also helps build credibility and financial history.

4. Establish Business Credit

Just like personal credit, your business needs a track record. Start by:

• Opening accounts with vendors that report to business credit bureaus
  

• Paying invoices on time (or early)
  

• Monitoring your business credit with Dun & Bradstreet, Equifax, and Experian Business
  

✅ Tip: Apply for a D-U-N-S number from Dun & Bradstreet—it’s often required to build your business credit profile.

5. Keep Your Personal Credit in Good Shape

Even though you're applying for business credit, lenders often check your personal credit score, especially if your business is new. A score of 680+ increases your chances of approval.

6. Prepare Financial Documents

Banks and lenders may ask for:

• Profit & loss statements
  

• Business tax returns
  

• Bank statements
  

✅ Tip: If your business is new or still growing, a strong business plan can help support your application.

7. Apply for the Right Credit

Start small. Consider:

• Business credit cards for everyday purchases and rewards
  

• Secured lines of credit to build trust with lenders
  

• Retail or vendor credit accounts (like Uline, Grainger, etc.)
  

Once you build credit, you can graduate to higher limits and more flexible funding options.

About GreenStreet 360

GreenStreet 360 is a business growth and business solutions company that specializes in helping small businesses owners to set their business foundation, build business credit, gain access to business funding and earn referral income as they grow.