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"Building business credit is not just about financing, it's about creating a strong foundation for your brand's financial success." 

- Intenovate Inc.

We're Your Asset

Starting and operating a business is hard work. Add in the need of sustainable funding and the fact that 82% of small businesses struggle with business credit (SBA, 2022)... and one can understand why more than 20% of business don't make it past their first year (SBA,2022).

Over 40% of small business feel "strapped for cash" (CNBC, 2023) due to:

1. Limited access to business credit due to insufficient credit history or no credit history.

2. Difficulty in obtaining financing or credit options for business expansion and growth.

3. Lack of knowledge and guidance on how to establish and improve their business credit.

This is why Intenovate Inc offer tailored credit solutions, in-house financing options, and guidance to help you improve your credit profile. Join our club and take control of your business credit journey. 

DID YOU KNOW?

Let us help you build a strong credit foundation for your business.

Contact us today to schedule a consultation with our credit specialists.

GET CAPITAL TODAY

Verisyn Capital by Intenovate Inc. is a strategic solution for unlocking long-term business funding power. More than just credit-building, Verisyn Capital delivers customized capital-readiness plans, guided implementation, and executive-level support, tailored to your growth goals. 

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Gain access to credit lines ranging from $300 to $5000+, specifically designed to help you establish and build your business credit. Our customized accounts provide the flexibility you need to manage your business expenses effectively.

Customized Net 30, 60, and 90 Accounts
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Gain access to credit lines ranging from $300 to $5000+, specifically designed to help you establish and build your business credit. Our customized accounts provide the flexibility you need to manage your business expenses effectively.

In-House Financing
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Gain access to credit lines ranging from $300 to $5000+, specifically designed to help you establish and build your business credit. Our customized accounts provide the flexibility you need to manage your business expenses effectively.

Credit History Reporting

Unlock Exclusive Benefits

We have developed a user-friendly platform to manage member accounts and credit lines effectively. Our platform provides you with easy access to your credit information, payment history, and resources to monitor and improve your credit profile.

Credit Builders Club Platform

Our team of business development experts and credit advisors are here to assist you in understanding and utilizing your credit options effectively. We provide educational resources, guidance, and personalized support to help you improve your business credit scores and financial management.

Educational Resources and Guidance

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Enjoy special discounts and offers on our services, solutions, and programs, helping you save money while investing in the growth and development of your business.

Discounts and Offers

We have established partnerships with trusted financial institutions and credit card companies to offer a wide range of credit options to our members. These partnerships enable us to provide you with the best credit solutions for your business.

Financial Institution Partnerships

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Discover valuable insights and resources to fuel your business growth.

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Our global société , expanding over 22,000 peers, is a valuable resource for all entrepreneurs. 

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Visit our media center to find recent media coverage of  Intenovate™ Inc.

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Access our comprehensive library of guides, templates, and expert insights to establish and optimize your business credit profile for long-term growth and financial success.

  • How can I obtain a DUNS number?
    A DUNS number is issued by Dun & Bradstreet and serves as a unique identifier for your business in the credit reporting system. You can apply for a DUNS number for free on the Dun & Bradstreet website, which is an important step in building your business credit profile.
  • What is an EIN, and why do I need one?
    An Employer Identification Number (EIN) is a unique identifier issued by the IRS for tax purposes. It functions like a Social Security number for your business and is necessary for opening a business bank account, applying for loans, and filing taxes. Having an EIN is crucial for establishing a separate business credit profile.
  • Can opening a business credit card help me build my score quickly?
    Yes, opening a business credit card is one of the fastest ways to build your business's credit profile because it allows you to establish trade lines quickly. If you make timely payments and keep balances low relative to the card's limit, it can positively impact your score significantly in a short period.
  • Are there specific types of vendors I should work with to build my credit?
    Yes, it's beneficial to work with vendors who report payment history to major business credit bureaus like Dun & Bradstreet, Experian Business, or Equifax Business. This ensures that positive payment experiences contribute to building your overall business credit profile effectively.
  • What role does timely payment play in building my business's credit?
    Timely payments are critical as they directly influence your business credit score. Payment history is one of the most significant factors in determining your score; consistently paying bills on time or early demonstrates financial responsibility and can lead to higher scores over time.
  • What are some common mistakes to avoid when building business credit?
    Common mistakes include: Improper Registration: Not registering the business correctly. Missing EIN: Failing to obtain an Employer Identification Number. Commingling Funds: Mixing personal and business finances. Late Payments: Not paying bills on time. Ignoring Credit Reports: Not regularly monitoring business credit reports. Avoiding these mistakes is crucial for building good business credit.
  • What are tradelines, and how do they affect my business credit?
    Tradelines refer to the accounts listed on your credit report that show your payment history with creditors. Establishing tradelines with vendors who report to credit bureaus can significantly impact your business credit score by demonstrating responsible payment behavior over time.
  • What types of accounts should I open to build my business credit?
    To build your business credit, you should open accounts with vendors that report payment history to credit bureaus. Establishing net-30 or net-60 accounts with suppliers allows you to make purchases on credit and demonstrate timely payments, which positively impacts your credit score.
  • How often should I review my business's credit report?
    It's advisable to review your business's credit report at least annually or more frequently if you're actively seeking financing or making significant changes in operations. Regular reviews help you stay informed about your financial standing and identify areas needing improvement promptly.
  • Are there specific trade lines that can help boost my business's credit?
    Yes, certain trade lines—such as those offered by suppliers who report payment history to major bureaus—can significantly boost your business's credit profile when managed properly. Intenovate™ Inc. can assist in identifying suitable trade lines that align with your industry needs.
  • What should I do if my business credit score is low?
    If your business credit score is low, it's crucial to identify the reasons behind it—such as late payments or high debt levels—and take corrective actions like paying down debts on time, disputing inaccuracies on your report, and working with Intenovate™ Inc. for tailored strategies aimed at improving your score over time.
  • How does having a strong business credit profile benefit my company in negotiations?
    A strong business credit profile enhances your company's credibility during negotiations with lenders and suppliers, allowing you to secure better terms such as lower interest rates or extended payment periods. It demonstrates reliability and reduces perceived risk from the perspective of potential partners or creditors.
  • What resources does Intenovate™ Inc. provide for improving my business's financial literacy?
    Intenovate™ Inc. offers several resources to enhance financial literacy, including: E-books and guides Workshops One-on-one consultations These resources cover topics such as budgeting, financial planning, and effective business finance management.
  • Can I use my personal credit history to build my business's credit?
    While personal credit can sometimes be used as a basis for securing initial funding or loans for new businesses, it's essential to establish separate business credit as soon as possible to protect personal assets and ensure that the business can stand on its own financially in the long term.
  • What is the difference between personal and business credit?
    Personal credit refers to an individual's financial history and ability to repay debts based on personal income and assets, while business credit pertains specifically to a company's financial health and ability to manage its obligations independently from its owners' personal finances. Establishing strong business credit helps protect personal assets from business liabilities.
  • How can I monitor my business credit score?
    You can monitor your business credit score by regularly checking reports from major credit bureaus such as Dun & Bradstreet, Experian Business, and Equifax Business. Intenovate™ Inc. may offer tools or resources to help you track your score effectively and take proactive steps to improve it.
  • Are there common mistakes to avoid when building business credit?
    Yes, several common mistakes can hinder business credit building: Commingling Funds: Using personal accounts for business expenses. Lack of Legal Structure: Failing to establish a separate legal entity. Ignoring Credit Reports: Not monitoring your business credit reports regularly. Late Payments: Neglecting to pay bills on time. Intenovate™ Inc. can provide guidance to help you avoid these pitfalls and build business credit successfully.
  • What types of financing can good business credit help me secure?
    Good business credit can help you secure various types of financing, including traditional bank loans, lines of credit, equipment financing, and favorable terms with suppliers. A strong credit profile increases your chances of obtaining funding at lower interest rates and better terms.
  • How does Intenovate™ Inc. help businesses build their credit?
    Intenovate™ Inc. provides personalized strategies and ongoing support through its Business Credit Builder Program. This includes assessing your current credit situation, advising on best practices for building credit, and connecting you with resources that can enhance your creditworthiness over time.
  • What steps are involved in establishing business credit?
    Establishing business credit typically involves registering your business with the appropriate authorities, obtaining an Employer Identification Number (EIN), opening a business bank account, and applying for trade lines with suppliers that report to credit bureaus. Intenovate™ Inc. can guide you through each step of this process.
  • Can you help me build business credit even if my brand is new?
    Yes, our Business Credit Builder Program is suitable for brands at any stage, including startups. We will work with you to develop a customized plan that aligns with your brand's goals and helps you establish a strong credit foundation.
  • What resources does Intenovate™ Inc. provide for businesses looking to build their credit?
    Intenovate™ Inc. offers various resources including workshops on financial literacy, one-on-one consultations with experts in finance and accounting, access to tools for monitoring your credit score, and guidance on best practices for managing finances effectively while building strong business credit profiles.
  • How long does it take to build business credit?
    The timeline for building business credit varies depending on various factors, including your brand's current credit profile and the actions taken. Our program is designed to expedite the process and provide you with guidance every step of the way.
  • How do I start building business credit?
    To start building business credit, you should first formalize your business by registering it as a legal entity (such as an LLC or corporation) and obtaining an Employer Identification Number (EIN). This separates your personal and business finances and establishes a foundation for building credit.
  • What is business credit, and why is it essential?
    Business credit is a financial profile that reflects your business's creditworthiness, separate from your personal credit. It's essential because it: Enables businesses to secure loans. Allows for favorable payment terms with suppliers. Establishes credibility in the marketplace. Good business credit can lead to better interest rates and repayment terms on financing. Building business credit is crucial for: Accessing financing. Securing favorable terms. Establishing credibility. It also separates personal and business finances, protecting your personal assets and positioning your brand for growth.
  • What does a Business Developer do?
    A Business Developer typically: Sets goals and develops plans for business and revenue growth. Researches, plans, and implements new target market initiatives. Prospects and identifies potential accounts. Builds relationships with clients to drive sales. Analyzes market trends and competition. Collaborates with other teams on go-to-market strategies.
  • What qualifications should a Business Developer have?
    Effective Business Developers typically have a mix of the following skills and experience: Strong sales, negotiation, and relationship-building abilities Expertise in market research, competitive analysis, and data-driven decision making Strategic planning and project management skills In-depth industry knowledge and understanding of target customer needs Excellent communication and presentation skills
  • How do Business Developers collaborate with other teams?
    Business Developers often work closely with cross-functional teams, such as: Sales: Aligning on target accounts, sales strategies, and customer relationships Marketing: Providing market insights to inform campaigns and content creation Product: Communicating customer needs and feedback to influence product roadmap Operations: Ensuring seamless delivery and support for new customers Leadership: Contributing to the overall business strategy and growth plans
  • What are the key metrics Business Developers track?
    Some of the key metrics Business Developers may focus on include: New leads generated and qualified Conversion rates from lead to opportunity to closed deal Average deal size and customer lifetime value Revenue contribution from new business Return on investment (ROI) of business development activities
  • What if I can’t afford a Business Developer?
    Building a successful business requires investment. There are no free solutions. While we can't lower our prices, we can work with you on customized payment options. We want to ensure the value justifies the investment. If a full-time developer isn't feasible, consider part-time or à la carte options. Business development is critical and requires expertise and resources. We're transparent about the investment needed and offer flexible solutions to help you find the right approach for your business.
  • What if I just want you to do it all for me?
    While we do the legwork, we always want to empower our clients with specialized knowledge and skills. We encourage all our clients to take an active role in developing one of their greatest assets – their business. We do the work, and you learn while you profit.
  • What if I don’t want anyone to take over my business?
    YOU are the business owner. We are your assets, here to help you leverage your business for maximum growth. This isn't a "set it and forget it" situation. We build with you, so you learn as your business grows. Our goal isn't to make you completely reliant on us. You receive training while your business is being developed, and you walk away with measurable skills you can apply to future endeavors.
  • What is the process for obtaining funding from Intenovate™ Inc.?
    The funding process usually starts with assessing your business needs and creating a detailed business plan. You can then apply through Intenovate's channels, providing the required documents. Their team will evaluate your application. The approval timeline varies depending on the type of funding and the complexity of your application.
  • What are the risks associated with different types of funding?
    Each type of funding has its own risks. Loans require repayment no matter how your business performs, while equity financing means giving up some ownership. Understanding these risks is key to choosing the right funding for your business.
  • What types of funding can startups access through Intenovate™ Inc.?
    Startups can access various funding options through Intenovate Inc., including specialized programs like seed funding and early-stage investments. These programs are designed to help new businesses grow and develop.
  • How can I determine which type of funding is best for my business?
    To figure out the best funding type, consider your business needs, finances, and long-term goals. Think about how fast you need the money, if you're willing to give up equity, and your ability to repay loans. Intenovate's experts can also give you personalized advice!
  • What types of funding does Intenovate™ Inc. provide for businesses?
    Intenovate Inc. offers various funding solutions, including venture capital, angel investments, business loans, and grants. These options are designed to support startups and established businesses, and each comes with different terms and conditions.
  • What is Peer-to-Peer (P2P) Lending?
    P2P lending uses online platforms to connect borrowers directly with individual lenders, cutting out traditional banks. It offers alternative funding with potentially lower interest rates and flexible terms.
  • What are SBA Loans?
    SBA loans are partially guaranteed by the U.S. Small Business Administration. They're designed to help small businesses with better terms and rates and are offered through participating lenders. They can be used for many business purposes.
  • What are Grants?
    Grants are funds given by governments, foundations, or organizations that don't need to be repaid. They're usually for specific projects and have eligibility requirements and terms and conditions.
  • What is Crowdfunding?
    Crowdfunding is raising money from many individuals, usually online. People contribute in exchange for rewards, equity, or debt. It's used for various purposes, like product development or business expansion.
  • What are Angel Investors?
    Angel investors are individuals who invest in startups or early-stage businesses in exchange for equity or convertible debt. They often provide mentorship and expertise in addition to funding.
  • What is Venture Capital?
    Venture capital is equity financing where investors provide money to a business in exchange for ownership. Startups and high-growth companies often seek venture capital.
  • What is Equipment Financing?
    Equipment financing refers to loans or leases specifically for purchasing business equipment. The equipment itself often acts as collateral for the loan.
  • What is Invoice Financing/Factoring?
    Invoice financing/factoring is when a business sells its accounts receivable (outstanding invoices) to a third party at a discount. This gives the business immediate cash, but the third party takes on the risk of collecting the invoices.
  • What are Merchant Cash Advances?
    Merchant cash advances are cash advances given to businesses based on their future credit card sales. Repayment is usually a percentage of daily credit card sales.
  • What are Business Credit Cards?
    Business credit cards are revolving credit accounts designed for business expenses. They offer flexible spending, rewards, and perks, but often have higher interest rates than other types of credit.
  • What are Lines of Credit?
    A line of credit is a pre-approved borrowing limit. Businesses can draw money from it as needed, and they only pay interest on the amount they actually borrow. Repaying the money is usually flexible.
  • What are Business Loans?
    A business loan is a lump sum of money you borrow from a lender. 1 You'll usually have a set schedule for paying it back, and the interest rate is often fixed. 2 Businesses use these loans for lots of things, like expanding, buying equipment, or covering day-to-day expenses.
  • Can I use my personal credit history when applying for a NET 30 account?
    Typically, vendors will evaluate your business's creditworthiness when applying for a NET 30 account; however, some may consider personal credit history if your business lacks an established credit profile. It's important to clarify this with the vendor during the application process.
  • How long does it take to get approved for a NET 30 account?
    Approval times for NET 30 accounts can vary by vendor but are generally quick—often within a few hours to a couple of days—depending on the complexity of the application and whether additional documentation is required for verification purposes.
  • Are there risks associated with using NET 30 accounts?
    While there are benefits to using NET 30 accounts, risks include potential overspending if cash flow is not managed properly and negative impacts on your credit score if payments are missed or made late. It's crucial to monitor your financial situation closely when utilizing this form of credit.
  • How do I track my expenses when using multiple NET 30 accounts?
    To track expenses across multiple NET 30 accounts effectively, consider using accounting software that integrates with your vendors' systems or maintain organized spreadsheets documenting each transaction's date, amount, vendor name, and due date for easy reference during payment cycles.
  • Can I use multiple NET 30 accounts simultaneously?
    Yes, businesses can open multiple NET 30 accounts with different vendors simultaneously as long as they manage their cash flow effectively and meet payment obligations on time. This strategy can help diversify suppliers and enhance purchasing power while building business credit across various platforms.
  • What is "2/10 NET 30"?
    "2/10 NET 30" is a common payment term indicating that if you pay within 10 days of receiving the invoice, you receive a 2% discount; otherwise, the full amount is due within 30 days. This incentivizes early payments while still providing flexibility for later payments without interest charges.
  • Can I negotiate better terms after establishing a NET 30 account?
    Yes, after establishing a good payment history with a vendor through your NET 30 account, you may be able to negotiate better terms such as longer payment periods (NET 60 or NET 90) or higher credit limits based on your reliability as a customer.
  • How can I use a NET 30 account to build my business credit?
    By using a NET 30 account responsibly—making purchases and paying invoices on time—you can establish a positive payment history that is reported to credit bureaus like Dun & Bradstreet, Experian Business, and Equifax Business. This helps improve your overall business credit score.
  • Are there any fees associated with opening a NET 30 account?
    Most vendors do not charge fees for opening a NET 30 account; however, it's essential to read the terms and conditions carefully as some may have specific requirements or penalties for late payments that could incur costs.
  • What information do I need to provide when applying for a NET 30 account?
    When applying for a NET 30 account, you will generally need to provide your business name, address, contact information, EIN (Employer Identification Number), and possibly financial statements or credit references depending on the vendor's requirements.
  • What types of vendors typically offer NET 30 accounts?
    Various vendors offer NET 30 accounts, including office supply companies, electronics retailers, and wholesalers in industries like construction and cleaning supplies. Examples include Home Depot, Amazon Business, and Newegg, which cater to different business needs.
  • Are there any penalties for early payment on NET 30 terms?
    No, there are typically no penalties for paying a NET 30 invoice early. In fact, many suppliers may offer early payment discounts to incentivize prompt payment, which can be beneficial for the buyer's cash flow management.
  • How do I maintain a good NET 30 payment history?
    To maintain a positive NET 30 payment history, it's important to: Pay invoices on time and in full Communicate with suppliers if any payment issues arise Dispute any discrepancies or quality issues promptly Leverage the 30-day grace period effectively to manage cash flow
  • Can NET 30 terms be negotiated?
    In some cases, NET 30 terms can be negotiated between the buyer and supplier, especially for larger or long-term contracts. Factors like order volume, payment history, and strategic importance of the relationship may influence the supplier's willingness to offer more favorable terms.
  • How do NET 30 terms differ from other payment options?
    Compared to other payment methods like upfront payments or COD (cash on delivery), NET 30 terms provide more flexibility and allow businesses to better manage their cash flow. The 30-day grace period enables buyers to review the goods/services and schedule payments accordingly.
  • What happens if I pay late?
    If a NET 30 invoice is not paid within the 30-day period, the supplier may charge late fees or penalties, as outlined in the terms and conditions. Consistent late payments can also negatively impact the buyer's credit score and supplier relationships. It's essential to communicate with the vendor if you anticipate payment issues.
  • How do I apply for a NET 30 account?
    To apply for a NET 30 account, you typically need to identify a vendor that offers these terms and complete an application process. This may involve providing basic business information and possibly undergoing a credit check to assess your eligibility.
  • How do I qualify for NET 30 terms?
    To qualify for NET 30 terms, businesses typically need to meet certain criteria, such as: Established credit history and strong financial standing Minimum annual revenue or time in business Positive references from other suppliers Successful completion of a credit application and approval process
  • Do you offer other payment terms?
    Yes, we offer other payment terms to meet diverse business needs. Qualified applicants can enjoy extended payment terms of up to 90 days with our NET 90 option. Additionally, eligible clients can take advantage of our In-House Financing at a competitive rate of just 1.8%. These alternative payment options provide businesses with greater flexibility and access to the funds they need.
  • How quickly should NET 30 invoices be paid?
    NET 30 terms specify that payment should be made within 30 days from the invoice date. It is generally recommended to pay NET 30 invoices as promptly as possible to maintain good credit standing and avoid any potential late fees or negative impact on the business's credit score. Timely payment within the agreed-upon period demonstrates reliability and financial responsibility.
  • What are the Credit Builder Benefits of NET 30?
    Credit builder benefits refer to the advantages of using NET 30 Accounts to establish and improve business credit. Some key benefits include: Establishing Credit History: By consistently making timely payments on NET 30 Accounts, businesses can establish a positive credit history. This can be crucial for securing future financing and favorable terms with lenders. Building Creditworthiness: Regularly using and repaying NET 30 Accounts demonstrates responsible credit management, which can enhance a business's creditworthiness and increase its chances of qualifying for larger credit lines or loans. Strengthening Supplier Relationships: Maintaining good payment behavior on NET 30 Accounts can help build strong relationships with suppliers. This can lead to better pricing, discounts, and more favorable terms in the future.
  • Why NET 30?
    NET 30 terms are commonly used in business-to-business (B2B) transactions because they provide flexibility and convenience for both buyers and suppliers. Buyers have time to review and verify the quality of the goods or services before making payment, while suppliers can offer credit terms to attract customers and encourage repeat business. Additionally, timely payments can help build your business credit profile.
  • What are NET 30 Accounts?
    NET 30 Accounts are credit arrangements between businesses and suppliers that allow for payment to be made within 30 days of receiving the goods or services. This means that the buyer has a grace period of 30 days to settle the invoice without incurring any late fees or penalties.

Start Building Your
 Business's Credit Today!

At Intenovate Inc, we help you build better business credit by providing the tools, strategies, and support you need to succeed. Our program is designed to not only improve your credit score but also enhance your entire financial standing.

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