SupplyWorks Net 30 Review (HD Supply Net 30)

SupplyWorks, now HD Supply, offers a net 30 account that will help you purchase a wide range of Home Depot goods while building business credit. 

The issue? It’s not clear where it reports or how effective it is at helping you build business credit. 

Based on that, we recommend the SupplyWorks net 30 account if it’s one you’d already open. After opening, you may receive a clearer understanding of how reporting works. 

The Supplyworks Net 30 Account: Is It Worth It?

The SupplyWorks net 30 account (HD Supply net 30 account) is a strong choice for those in need of MRO supplies. Of course, HD Supply has since expanded. You’ll find not only maintenance and repair products but a vast range of other Home Depot products as well. 

They have no minimum purchase order or required fees. This is with the natural exception of late fees and interest rates. 

The only key issue we have with this account is the lack of transparency regarding net 30 terms. There are rumors about where they report. However, there’s no definitive statement on their website that tells you where credit will be reported. 

This will be a problem if reporting methods are subpar and don’t help you build credit effectively. 

Your experience with the SupplyWorks net 30 account hinges on credit reporting. Approach them if you already wanted an HD Supply and would sign up anyway. You’ll naturally learn more about their reporting methods and whether they’ll support your credit-building needs. 

Are you looking for net 30 accounts you can rely on to help build business credit? Consider net 30 vendors like Office Depot net 30, Summa Office Supplies net 30, and Staples net 30. 

SupplyWorks Net 30 Account Pros

Reasonable Terms of Service

The SupplyWorks net 30 account offers what many other net 30 accounts offer. However, there are a few benefits that accompany your net 30 payment terms. 

The first of these is that there are no minimum purchase orders. Minimum purchase orders can become an issue if you’re forced to spend more than you normally would. 

They can also be a problem if your credit line is limited and you have to use huge chunks of it at a time. 

The only instance when you will have a minimum purchase order is with truck line shipments. Truck line shipments will have a minimum purchase order of $500. The HD Supply net 30 terms explicitly state this exception on the website.

The second benefit is the lack of fees. There are no activation fees in order to start using your account. More than that, there are no annual fees or other fees that you will need to pay to use your account. 

The only fees incurred will be fees related to late payments. 

If you remain in good standing, you’ll experience few issues. 

The third benefit is the sheer number of payment options. You can pay for your orders by check, money order, or business credit card. They accept American Express, Discover, Mastercard, and Visa. 

Free Shipping on Orders $150 or More

Free shipping is a perk that any business owner can get behind. 

With the SupplyWorks net 30 account, you get free shipping on orders of at least $150. 

Considering how much these supplies can cost and that you’re purchasing them wholesale from HD Supply, you’ll probably be able to hit that limit quite quickly. 

If you don’t hit that limit, don’t fret. There’s only a $9.95 handling fee. This isn’t too much if you need something but don’t need $150 worth of supplies all at once. 

Supplyworks Net 30 Account Con

Unclear Benefits Associated With Opening an Account

The one disadvantage of the SupplyWorks net 30 account is the lack of reporting details. 

Most organizations are clear about where they report to. But the HD Supply net 30 account does not lay this out in the terms and conditions. 

Some sources claim that they report to Dun & Bradstreet. If this is the case, that’s good. Dun & Bradstreet is a top business credit bureau. They’re who you should target alongside Equifax Business and Experian Business. 

But this isn’t explicitly stated. Therefore, you can’t know if you will be able to boost your business credit score and establish credit history effectively. That’s a disadvantage when applying for 30 day net vendors. 

If you do want a vendor that will help you build your business credit score and credit history, there are other net 30 vendors. Besides HD Supply’s net 30 account, consider net 30 accounts such as:

• Crown Office Supplies (many office supplies stores offer other products a small business could need)
• Hardware Express (This is a part of Barnett, Wilmar, and Supply Works. Only apply for one of these industrial supplies trade lines instead of each vendor tradeline.)
• Wise Business Plan
• Advance Auto Parts
• Creative Analytics
• NewEgg Business
• Strategic Network Solutions
• CEO Creative
• Business T Shirt Club
• Ohana Office Products

Supplyworks’s Net 30 Approval Requirements

The SupplyWorks net 30 account appears to have the same approval requirements as other net 30 vendors. All you need is: 

• A registered business and requested business information
• No late payment history (a lack of business credit history or business credit score shouldn’t be a problem)
• The right authority, such as a business owner, to file the application

You should also aim to ask for a reasonable credit limit. Other details are murky with the switch from the previous organization to this new Home Depot brand. 

You may want trade credit references. But beyond vendor credit, you shouldn’t expect personal credit to play a role in your application, for example. This is standard for most financial trading applications with vendors.

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