Ohana Office Products Net 30 Review
Building credit as a new business owner is often challenging. Due to a lack of history, it'd be hard to qualify for a business loan or business credit card. However, vendor tradelines are often still available, even without previous trade credit.
As a result, many business owners use them to establish their business credit foundation. If you’re interested in building business credit with the Ohana Office Products net 30 account, here’s what you need to know before you apply.
Our Ohana Office Products Net 30 Review
The Ohana Office Products net 30 account is a decent option if you’re looking to build out your credit report. If you can qualify, Ohana will report your credit line to one of the major credit bureaus.
While Ohana doesn’t charge fees for access to its extended payment term, you must buy at least $90 of digital goods to activate your tradeline. Otherwise, it won’t show up in any of your credit reports.
If you’re thinking of applying, here are the primary factors to consider:
- Reports to Equifax Business
- $90 Minimum Order to Activate
- Buy Digital Products But Not Office Supplies
A net 30 credit term can benefit your cash flow, but new business owners often open net 30 accounts for credit reporting purposes. In that case, you should target accounts with vendors who share your data with multiple business credit bureaus.
Otherwise, your activities won’t show in your credit reports, preventing them from helping your business credit score. Unfortunately, Ohana Office Products is only known to report to one, Equifax Business.
As a result, you'll have to open additional tradelines to establish your business credit with Experian Business and Dun & Bradstreet (D&B). However, you'll need a few in each report to generate your scores, so you’ll have to apply for more anyway.
Opening multiple net 30 accounts is the traditional way to build business credit. However, it’s not without its drawbacks. Arguably, the most significant one is that it can be surprisingly expensive.
That's because vendors often charge you an application fee or a recurring charge to maintain access to your account, such as a monthly or annual membership fee.
Ohana Office Products doesn’t impose either, but you must buy a minimum amount to activate your tradeline. Until you complete an order for at least $90, Ohana won’t report your account or activities to the business credit bureau.
Due to their status as vendor tradelines, you can only use net 30 accounts to buy goods and services from the companies that provide them. In fact, you must do so repeatedly to establish a meaningful payment history with each issuer and build credit.
Typically, that means you want to apply for vendor credit accounts with companies that offer something you actually need for your business. Otherwise, you’ll waste funds on unnecessary goods or services just to build business credit.
As you can probably guess, Ohana sells office products like pens, paper, and folders. However, it's a smaller catalog than Summa Office Supplies or Coast Office Supply. You also can’t purchase these goods with net 30 terms.
You can only use your net 30 payment terms to buy from Ohana’s catalog of digital products. That includes educational resources like books and courses, plus certain types of software like Webroot’s AntiVirus Protection.
Ohana Office Products Net 30 Account Requirements
If you’re interested in the Ohana Office Products net 30 account, visit the company’s website and register for a business account. After setting your user ID, email, and password, you’ll need to provide the following information:
Next, finalize the process by providing your personal details as an authorized officer. Click submit, and your application will be complete. Ohana will then check your business credit, but it won't pull your personal credit.
To qualify, you should aim to have no delinquencies or defaults in your business credit history. Having a few positive tradelines already will also help. In many cases, applicants receive a response instantly, though it can also take a few business days.
Either way, getting approved doesn’t mean you’re finished yet. You must still purchase at least $90 digital products with your net 30 account before Ohana Office Products will report your tradeline to Equifax Business.
Use eCredable to Build Business Credit
Building business credit with net 30 accounts is the traditional strategy for good reason. However, while it’s highly effective, it can take months, if not years. It also means spending a lot of money, often on goods that wouldn’t be necessary otherwise.
Fortunately, the eCredable Business Lift program offers a shortcut to good business credit. For just $19.95 per month, we can report unlimited bills for costs like rent and utilities to Equifax Business and Creditsafe.
In other words, we’ll transform your existing expense accounts into vendor tradelines! In addition to ongoing payments, that includes up to two years of payment history, which can boost your credit score virtually overnight.
To top things off, we’ll also report your eCredable subscription to D&B and Experian Business. Using eCredable Business can increase your business credit scores by up to 40% in the first three months!
Sign up for eCredable today and take the shortcut to good business credit!
Learn More: As a small business owner, you need multiple vendor tradelines in each credit report to establish your business credit score. If you’re looking for more, check out our reviews of some other popular net 30 vendor options: