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Thread: HVAC

  1. #1
    Join Date
    Jul 2010
    Posts
    26

    HVAC

    What kind of credit score do HVAC suppliers look for to get credit accounts. I have a 643 credit score which is not that great but it keeps getting better. I am trying to start a little business and have been lucky to keep enough cash flow. With bigger jobs coming my way I need to get some credit accounts. Just wondering if anyone knows how hard it is to get credit accounts. Any information would be awesome!

  2. #2
    Join Date
    Jul 2008
    Location
    Southern California
    Posts
    138
    Suppliers don't put much weight in someone's personal
    credit score. You will need to develop a history with them
    of paying cash and with a credit card. With some suppliers
    this could take years, especially in this economy. Once they
    agree to give you credit it will be with a low dollar limit per
    month to minimize their risk, you can get this increased over
    time. They will make you sign a personal guarrantee that will
    get around any corporate protection you may think you have.
    On the personal guarrantee, they will want to see home or
    building ownership, something with equity they can go after
    if things go bad. Like any relationship, trust takes time.
    This probably isn't what you wanted to hear but its a reality.
    Effort is the 1st step towards failure.

  3. #3
    Join Date
    Dec 2008
    Location
    Dixiana, AL
    Posts
    2,609
    Quote Originally Posted by TAC Service View Post
    Suppliers don't put much weight in someone's personal
    credit score. You will need to develop a history with them
    of paying cash and with a credit card. With some suppliers
    this could take years, especially in this economy. Once they
    agree to give you credit it will be with a low dollar limit per
    month to minimize their risk, you can get this increased over
    time. They will make you sign a personal guarrantee that will
    get around any corporate protection you may think you have.
    On the personal guarrantee, they will want to see home or
    building ownership, something with equity they can go after
    if things go bad. Like any relationship, trust takes time.
    This probably isn't what you wanted to hear but its a reality.
    Years might be stretching it just a bit (?), but this is a pretty good summary of what you're looking at to get your business credit built. You also say that it's a little company. Be that as it may, it would also be in your best interest to incorporate if at all possible.

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