Ohana Office Products Net 30
Ohana Office Products offers a wide range of office supplies and digital goods. They report payments to Equifax Business.
While there are positive aspects to this net 30 account, there are better vendor choices out there.
Given what we cover below, we recommend considering it but applying to other office supply vendors first.
Ohana’s Net 30 Account: Solid, But With Caveats
At first glance, Ohana Office Products seems like a strong net 30 account.
This vendor offers office supplies and digital goods. They report transactions to Equifax Business. They can also help you build your business credit score and establish credit history.
But with that in mind, there’s a lot to be desired with the Ohana Office Products net 30 account.
Ohana Office Products’ net 30 account is worth considering. Still, there are other good, if not better, net 30 accounts out there to choose from.
Some net 30 vendor accounts worth looking further into include:
- Office Depot net 30 account (especially for office furniture)
- Summa Office Supplies net 30 account
- Staples net 30 account
- Wise Business Plan net 30 account
- Crown Office Supplies net 30 account
- Home Depot net 30 account
- Creative Analytics net 30 account
- Office Garner net 30 account
- Business T Shirt Club net 30 account
- CEO Creative net 30 account
- NewEgg Business net 30 account
- Coast to Coast Office Supply net 30 account
- eCredable Business (doesn’t offer net 30 payment terms, but a subscription that acts as a vendor tradeline)
Ohana Net 30 Account Pros
Reports to Equifax Business
What you may not know when attempting to build business credit is that some net 30 accounts don’t report.
You get the extended payment terms, but not the business credit support.
This can be problematic if you sign up for a net 30 account and see no business credit progress. After all, net 30 terms without reporting may support cash flow. However, it won’t give you a business credit score bump or establish credit history.
Fortunately, Ohana Office Products is a vendor that reports. They report all transactions to one business credit bureau: Equifax Business.
It would be great if they reported to Dun & Bradstreet or Experian Business as well. However, this will be enough to begin building business credit.
Better yet, they don’t have a personal credit check. Personal credit can be what prevents small businesses from accessing business financing.
You can always open up another net 30 account that reports to the other two or all three. The list above will be a great start to help you build credit more effectively.
Home Depot is a vendor worth looking into that might carry things for your small business that you can’t find at Summa Office Supplies, Crown Office Supplies, Creative Analytics, or Office Garner.
No Annual Membership Fee or Application Fee
Fees are something most people stay away from when applying for net 30 payment terms. No one wants to have to pay extra money to use something they’re already spending money on. This goes for anything from a net 30 account to a business credit card.
There are many net 30 accounts that skip out on the fees altogether. But is Ohana Office Products one of them?
Technically, yes.
The good news is that the Ohana Office Products net 30 account comes with no application fees or annual membership fees. It also doesn’t have a minimum purchase threshold that accompanies every purchase.
That being said, it’s not fee-free. There is one fee that we will cover below that factors into the disadvantages of this account.
If you’re looking for a (relatively) fee-free net 30 account, Ohana Office Products will meet this demand.
Ohana Net 30 Account Con
Required Activation Fee and Subsequent Limitations
Ohana Office Products’ net 30 account looks like the perfect net 30 vendor for most businesses.
That is, until you start digging into the finer details regarding office supply purchases.
The first big downside is the initial activation fee. You will have to spend a certain amount to get your net 30 account “activated”.
Their fee to access vendor credit is $90. If you somehow miss this and spend less than that, they will not report your payments to Equifax Business. This can be a problem for those who haven’t read the fine print and assume they can just get started.
The second drawback is what you can use your net 30 terms on. Most would assume that you could purchase all of their office supplies with net 30 terms.
But this isn’t the case with this vendor.
Ohana Office Products net 30 terms can only be used on digital products. This is a serious downside for small businesses that want to use them primarily for their physical office supplies.
Keep all of the above in mind if you’re interested in the Ohana Office Products net 30 account.
Ohana’s Net 30 Approval Requirements
Ohana’s net 30 approval requirements are standard. You’ll need your business information (must have an established business), a DUNS number, and an EIN (or SSN, but they only check business credit and not personal credit) to apply.
It’s recommended that you have no late payment history on your credit report. This is to be expected with this type of vendor credit application. You may also want to have established vendor tradeline references.
If you can satisfy the above, you’ll likely be one of the small businesses that gets approved.
Find the Right Vendors and Build Business Credit With Credit Suite
Identifying the right vendors can be a challenge. Knowing how to fund your business isn’t easy for the modern small business owner. It can become even more difficult when you start adding business credit to the mix.
That’s why Credit Suite can be a game-changer in your funding strategy.
Our Fundability System provides you with the step-by-step guidance you need to identify what you need in order to build business credit and tap into funding.
It helps you understand what’s holding you back from getting funding and provides you with the resources needed to move forward effectively.
We also offer benefits like one-on-one customer service and support, matching with lenders you’re pre-approved for, and insights into data used by lenders that determine your fundability.
Grow your business credit score, establish credit history, and access funding with ease. Get started with the Credit Suite Fundability System now!
