Boost your business credit with Credit Renu
Credit Renu is a safe and reliable way to build business credit. Upgrade to our premium subscription and get tradelines reporting to Experian, Equifax, Dun & Bradstreet, SBFE.
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Credit Builder
Get Business Credit for Your EIN With The Business Credit Renu
To run and build your successful business, you need to qualify for loans and credit lines at the best loan rates possible. Business credit is essential to make this happen, and it helps you access money even when you can’t qualify for a loan.
The Credit Renu Business Credit Builder helps you build your business credit (without a personal guarantee or personal credit check) step by step using a proven, field tested, business owner-approved, and highly personalized process. By using our user friendly & intuitive software and the only full-service business credit adviser team in the industry, you’ll be guided every step of the way, simplifying your experience of obtaining business credit.
Establish business credit for your company without paying interest
Pay NO INTEREST with a 0% interest-free business credit builder account
We are the only bank in the nation that gives small business owners the opportunity to build payment history on a large bank loan – without paying interest.CR Business offers 25-Month or 50-Month 0% Interest Rate Credit Builder Accounts
- A CR Business credit builder account is a credit builder loan with a 0% interest rate
- Pay a one-time fee
- Make 25 or 50 monthly payments
- 100% of every monthly payment builds your company’s savings
- PAY NO INTEREST
- Unlock your savings in 25 or 50 months*
All plans build commercial installment loan credit and payment history and are reported as a financial tradeline
*Credit Renu for Business is a product of Sunwise Bank, Member FDIC. Loan proceeds are locked in an FDIC-insured savings account to secure the credit builder loan until it is repaid. Loan proceeds are unlocked when loan is closed or repaid in full.
Why build business credit for your company?
SBA loans are the ‘gold standard’ of small business loans. With an SBA loan your company can obtain operating funds with favorable rates and long repayment terms of up to 25 years, minimizing required monthly payments and maximizing your financial flexibility.
The SBA requires a FICO SBSS credit score for every SBA loan approval. If you ever want to get approved for an SBA loan, you’ll need a FICO SBSS credit score for your company of at least 155, but most likely 160 to 180+. FICO SBSS scores range from 0 to 300.
A FICO SBSS score has three main components:
1. Your personal credit profile
2. Your company’s business credit profile
3. Current financial metrics and history for your company
If you don’t have a business credit profile, your company’s FICO SBSS score will be lower because it will be calculated using ONLY on your personal credit and your company’s financials.
By establishing and building a strong business credit profile for your company, you will increase your FICO SBSS score and your chances to be approved for a SBA loan.
How it works
4 Simple Process To Follow
1
Apply for a Credit Builder Account.
Your money is safe and secure. No hard pull on your credit.
2
Pay off your Credit Builder Account in the specified amount of time.
You can choose the payment term and dollar amount that best fits your budget.
3
Each on-time monthly payment builds credit history and adds to your savings.
Your monthly payments are reported to all three credit bureaus.
4
Unlock your savings..
Once you’ve paid off your Credit Builder Account, your CD unlocks and the money is yours (minus fees and interest).
Credit Builder is a no-brainer
If you’re an active Credit Renu user, just select the price that works with your budget. We’ll report your payments monthly to the credit bureaus.
Pro tip: Get two tradelines reporting every month when you subscribe with your Credit Renu🌟
Choose from 25- or 50-month account options
25-Month Business Credit Builder Accounts
| One time Fee |
Monthly Payment |
Amount of Credit Built |
|---|---|---|
| $349 | $200 | $5,000 |
| $549 | $400 | $10,000 |
| $749 | $1,000 | $25,000 |
| $999 | $2,000 | $50,000 |
PROS
+ 100% of every monthly payment builds savings and payment history
+ 0% interest rate credit builder loan – no interest is charged
+ Build 25 months of payment history for a financial tradeline
+ Build a large amount of credit in a short amount of time
+ Shorter payment commitment than 50-month accounts
CONS
– Higher monthly payments than 50-month accounts
– Builds less payment history than 50-month accounts
50-Month Business Credit Builder Accounts
| One time Fee | Monthly Payment | Amount of Credit Built |
|---|---|---|
| $349 | $100 | $5,000 |
| $549 | $200 | $10,000 |
| $749 | $500 | $25,000 |
| $999 | $1,000 | $50,000 |
PROS
+ 100% of every monthly payment builds savings and payment history
+ 0% interest rate credit builder loan – no interest is charged
+ Build 50 months of payment history for a financial tradeline
+ Build a large amount of credit with a small monthly payment
+ Lower monthly payments than 25-month accounts
CONS
– Longer monthly payment commitment than 25-month accounts
– Builds cash reserves/savings slower than 25-month accounts
All credit builder accounts:
- Include a 0% interest rate credit builder loan
- Report a 25- or 50- month bank issued commercial installment loan
- Report a bank-issued financial tradeline account
- Report account and payment activity to the major business credit bureaus, including: Equifax, Experian, PayNet, and SBFE
- Include a free monthly Equifax Business Delinquency Financial Score grade
- Can be cancelled at any time for any reason with no fee or penalty
OUR TESTIMONIAL
Hear from some of our amazing customers who are building credit faster.
CR Business is the easy and reliable way to establish and build a large financial tradeline for your company
There are two types of business credit. It is likely that your company needs both:
1. Financial tradelines
2. Vendor tradelines
Financial tradelines are extensions of credit from a bank or financing company. For example, a loan or line of credit.
Vendor tradelines are extensions of credit from a merchant or supplier. For example, 2/10 or net 30 terms or paying an invoice.
It’s critical to keep your business credit separate from your personal credit
Some business lenders require a personal credit score, some require a business credit score, and some require both.
Build business credit for your company with its EIN for any of the following entity types:
- LLC
- S-Corp
- C-Corp
- General partnership
If you are a Sole Proprietor, you can build a large amount of personal credit for business purposes with Impressiv from Credit Renu.
Build from $2,000 up to $30,000 of personal credit starting at just $30/mo.