Strategic Network Solutions offers a wide range of physical supply products, digital products, and small business services to choose from.
Their net 30 account reports payments to Experian and Creditsafe.
It’s a solid vendor for any small business looking to build business credit. We recommend signing up if you want to boost your business credit score and establish credit history.
Our Verdict on Strategic Network Solutions’ Net 30 Account
Strategic Network Solutions delivers on its promise of delivering dynamic resolutions. It has a host of both physical supply and digital goods to choose from. More than that, if your business needs business continuity or endpoint security support, you can find it here too.
They offer a fairly large credit line and they’re an easy net 30 vendor to secure a net 30 account with. It won’t take long at all to get set up with them and start taking advantage of trade credit.
They’re also very understanding should you experience financial difficulties. They make it clear that you can reach out to them for an extension should you absolutely need it. If you need more than 30 days, they can help you extend your repayment date past 30 days.
Most vendors may not be as willing to work with a small business during times of hardship. This will help you if you’re looking to avoid obstacles while building business credit.
It’s a strong account that reports to two credit bureaus and has limited drawbacks. We believe that the Strategic Network Solutions net 30 account would be a strong addition to your list of tier 1 business credit vendors.
It’s a strong retail credit tier 1 vendor account with office supply products that will keep your business operating effectively.
Strategic Network Solutions’ Net 30 Account Pros
Reports to Experian and Creditsafe
With net 30 accounts, where your payments are reported is important. You’ll want to make sure your payments are being reported to at least one major business credit bureau. The top three include Dun & Bradstreet, Equifax Business, and Experian Business.
Fortunately, Strategic Network Solutions is a vendor that reports to Experian Business. It may not report to D&B or Equifax Small Business, but it makes up for that by reporting to Creditsafe.
Payments being reported to two credit bureaus will serve to build your credit faster. It will also help you establish credit history so that you can find more tier 1 or tier 2 business credit vendors. There are plenty of different lower and higher credit tier vendors to sign up for.
Keep in mind that Strategic Network Solutions tracks your payments. They keep notes on those who pay early or later as well as those who miss trade credit payments altogether.
It is a good idea to pay a bit earlier to remain in good standing with this vendor. It may potentially boost your business credit score as well.
$2,000 Credit Line for a Wide Range of Goods and Services
Another crucial area to assess prior to signing up for net 30 accounts is your credit line.
You want to make sure that you have a line high enough to make the most out of what your vendor has to offer. If your credit line is too low, you may not be able to purchase the various things you need on a monthly basis.
This is in comparison to a business credit card, where you can use your credit line anywhere.
Strategic Network Solutions extends a $2,000 credit line to those who qualify. This is ample room for you to order the products or services that you need using your new net 30 account.
The only thing to note is that they don’t say whether or not you can increase this credit line.
Some vendors will allow you to increase your credit line with timely payments. However, the credit limit for the Strategic Network Solutions net 30 account is likely $2,000. This is true whether you come in with a good credit score or without one.
You can always sign up for other vendors like CEO Creative if you want more trade credit. This will help you purchase necessary products or services across multiple vendors.
Strategic Network Solutions’ Net 30 Account Con
Initial Minimum Purchase Threshold of $90
The one minor disadvantage of signing up for a Strategic Network Solutions net 30 account is the minimum purchase threshold.
The Strategic Network Solutions net 30 account has a $90 minimum purchase threshold. They may require no fee, but you will technically need to pay a fee in order to activate your account.
There are some rules regarding how you have to go about this with this vendor.
Strategic Network Solutions states that you need to spend at least $90 on a digital product. Then, you’ll need to check out with net 30 terms to establish your account.
You should reach out to them directly to clarify. You don’t want to get started with a vendor and make a purchase that doesn’t establish your account.
The good news? Once you pay this initial amount, the minimum purchase threshold shouldn’t apply. They only mentioned a minimum purchase threshold to activate a net 30 account.
Even better, you’re not having to pay an additional fee to continue using the account throughout the year. Aside from the “activation fee”, you have no restrictions that would otherwise lead you to consider other vendor credit tradelines.
Strategic Network Solutions’ Net 30 Approval Requirements
The only real approval requirements are that you need to spend $90 and pay it back within 30 days.
However, you will need an account first to tap into net 30 terms. The account creation process is simple for this vendor. Just:
- Create a user password and user ID.
- Provide them with your business information. Double-check that this is correct as this is what will be reported to business credit bureaus.
- Provide them with authorized officer information.
- Select net 30 terms when you check out to establish your account.
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Financing your business is tricky without the right guidance and desired business credit.
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