HD Supply is a vendor that’s tailored to the needs of the modern business. This includes those in hospitality, healthcare, and even professional contractors in construction.
The HD Supply net 30 account is reported to Dun & Bradstreet (D&B).
It’s also a net 30 vendor requiring zero added annual fees or application fees.
If you’re a net 30 vendors that will support your business and your credit, we believe HD Supply is a great choice.
Our Verdict on HD Supply’s Net 30 Account
HD Supply is a company that offers a wide range of business services and business supplies. Speaking to the former, this includes custom products and custom reports. Regarding the latter, this includes furniture and decor, cleaning supplies, and outdoor products.
HD Supply comes with the benefit of being a tier 1 credit vendor. Whereas you may be rejected from other net 30 accounts, new businesses can start here.
This helps you build credit as they report each successful payment to Dun & Bradstreet.
More than that, they don’t require you to pay any additional annual fees or initial application fees.
While minimum orders will vary depending on your order, there are a few drawbacks.
HD Supply’s net 30 account is great for new businesses interested in trade credit.
HD Supply’s Net 30 Account Pros
Tier 1 Vendor That Reports to Dun & Bradstreet
Tier 1 business credit vendors are the best place to establish vendor tradelines.
Whereas tier 2 business credit vendors are looking for established businesses, tier 1 vendors accept new ones.
This allows you to sign up for an account with HD Supply to start building credit with ease.
Currently, HD Supply only reports your payments to one business credit bureau: Dun & Bradstreet.
D&B is one of the main three business credit bureaus alongside Experian and Equifax Business.
While all three would be ideal, reporting to D&B solely will help you build your business credit score. It will also help you develop a positive credit history.
No Added Annual Fees
One of the downsides of many tier 1 vendor accounts is the fees.
Some vendors require application fees, annual fees, and other fees when you sign up. This can quickly add up, requiring you to pay more just to use your account.
Fortunately, HD Supply stands out as one of the few net 30 accounts with reduced fees. The sign-up process, while extensive, will not cost you anything.
HD Supply requires no annual fee or membership fee to use your account if you do qualify.
If you’re searching for net 30 vendors that won’t charge you extra for net 30 terms, HD Supply is an excellent choice you might choose instead of other accounts like Crown Office Supplies.
If you’re looking to maximize your credit, consider opening it alongside a Home Depot net 30 account for maximum credit growth.
HD Supply’s Net 30 Account Cons
No Minimum Order Requirement Only Applies to First Order
Many businesses are drawn to HD Supply’s lack of minimum order requirements.
But is this true?
Not entirely.
There is reportedly no minimum order threshold for your first purchase.
However, there are numerous caveats that will affect how much you can and should buy. This will affect how you use your net 30 payment terms.
These purchase exceptions include:
- HD Supply states that there’s no minimum order requirement. However, they will charge you a $10 handling fee on orders less than $50.
- There is currently no minimum order requirement for appliance delivery. This payment term stands out from the others.
- Same-day deliveries are subject to minimum order requirements. You will have to spend at least $250 to get same-day delivery.
There’s technically no minimum purchase requirement, but that isn’t the same across the board.
If you plan on using HD Supply, make sure to learn about all their minimum order terms before placing orders. This will help you manage your account and cash flow more effectively.
HD Supply’s Net 30 Approval Requirements
The HD Supply application process is quite simple. All you’ll need to provide in order to get approved includes:
- Your basic business information (business name, address, contact information, requested credit limit)
- Information regarding your properties (if you manage real estate)
- Company principal information
- A commercial bank reference
- Purchasing information
- Where you want your invoices delivered for future payment
It’s also important no late payments or any other marks that could raise red flags. While tier 1 vendors accept new businesses that don’t have good credit, you still need to be reliable. Solid payment history is a must.
You can view the full credit application on their website.
Find Financing Easier With Credit Suite
Finding the right vendor accounts can be a source of frustration for many businesses. Moreover, navigating business credit can leave many at a loss for where to begin.
This is where Credit Suite comes in.
Our Fundability System provides you with the comprehensive support you need to build business credit effectively.
Our system helps you understand the factors behind constant rejection. Then, we offer personalized step-by-step instructions for improving your credit and accessing financing.
Our Fundability System also helps you find lenders, vendors that are tailored to your business, and more. You’ll be impressed with our one-on-one customer service as well!
Put simply, we provide one of the most extensive resources for learning more about credit and securing financing. This helps you accelerate your progress faster.
If you’re ready to start the next chapter of your business, get started with Credit Suite today.
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