Quill Net 30 Review
When you first start building business credit, you’ll generally struggle to qualify for financial tradelines like business credit cards or loans. Fortunately, vendor credit is easier to obtain and can be a great way to lay the foundation for your business credit.
The Quill net 30 account is one of the more popular options. Here’s what you should know about it to determine if it’s right for you.
Our Quill Net 30 Review
The Quill net 30 account is a good vendor tradeline for those looking to establish their business credit. It reports to two major credit bureaus and can be used to buy common business supplies.
However, you must spend $100 to apply, and if approved, you can only pay off your invoices by ACH or check.
Here are some features that Quill offers their net 30 customers:
Reports to D&B and Experian
Which business credit bureau a tradeline reports to should be one of your primary concerns when you’re considering applying. Currently, the Quill net 30 account reports to Dun & Bradstreet (D&B) and Experian Business.
That’s two of the major business credit bureaus, which is highly beneficial. Building credit with D&B is especially desirable since it’s arguably the most popular among lenders.
Because the Quill Corporation doesn’t report to Equifax, the third major credit reporting agency, you’ll need other tradelines to start a credit file with it.
Note that eCredable Business Lift customers can link their Quill account so that payments get reported to Equifax Business and Creditsafe. (We’ll dive more into how eCredable works later on in the article.)
Costs $100 to Apply
Unfortunately, you can only submit an application for the Quill net 30 account when you’re completing the checkout process. As a result, you must agree to purchase something from the platform to see if you qualify.
In fact, Quill requires that your cart contains at least $100 of goods before it makes the option to apply available. You’ll also need to create an account and set your profile to business use, not personal.
While there are net 30 accounts available that don’t require you to pay as much, many are equally as expensive. For example, Crown Office Supplies imposes a mandatory $99 processing fee.
Sells Practical Products
Quill offers such a wide range of business supplies that you’re very likely to find something your company needs in its store. That means you don’t have to waste cash buying unnecessary goods solely to improve your business credit score.
For example, Quill’s product offerings include:
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Traditional office supplies like printer paper, highlighters, and erasers
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Cleaning supplies like hand sanitizer, vacuums, and paper towels
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Office furniture and equipment like sofas, printers, and hard drives
If you don’t have any big purchases to make, you can always buy generic cleaning or office supplies in bulk to reach the $100 cart minimum. Fortunately, Quill’s prices are often comparable to other suppliers.
Offers Limited Payment Options
Upon receiving approval for Quill's net 30 payment terms, you’ll get 30 days of interest-free financing on purchases up to your credit limit. That can be invaluable for your monthly cash flow.
Unfortunately, your payment options are limited when you need to close an outstanding invoice. Quill only lets you pay them online through ACH transfers. It also lets you send a check in the mail, but that has some obvious drawbacks.
As a result, you can’t pay off your net 30 account balances by credit card. If you want to use a debit or credit card, you must select that option at checkout.
How To Qualify for a Quill Net 30 Account
As mentioned above, you must create a business use account, add $100 worth of items to your cart, and complete the checkout process to apply for a Quill net 30 account.
Select “Invoice My Account” when it appears, and Quill will have you fill out an application.
Fortunately, it shouldn’t take too long to complete. Quill asks you for some basic background information on your company, such as:
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Business name and address
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Legal entity structure
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Tax ID or Employer Identification Number
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Business age or original start date
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Number of employees
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Estimated annual business income
Once you submit your responses, Quill will run a credit check on your business. Its requirements aren’t very high, but the vendor can still reject your request, especially if you have delinquencies or defaults in your business credit history.
Fortunately, if Quill does deny your application, it makes it easy for you to prove yourself and try again. If you pay your orders on time for 90 consecutive days, Quill will re-review your application for net 30 terms.
Sign Up For eCredable
Vendor trade credit is generally the best way for new small business owners to start building their company’s credit. However, pursuing net 30 accounts with a dozen different vendors isn’t always optimal.
It takes a lot of time and effort to apply for extended repayment terms with multiple suppliers. You’ll also need to spend money on many of them, either to purchase a minimum amount of their offering or pay processing fees.
It can be even harder to secure a credit line with net 60 vendors and net 90 vendors.
Fortunately, that’s not the only way to get vendor tradelines. You can also use a service like eCredable, which is often more efficient. Our Business Lift program can transform the recurring business expenses you’re already paying into vendor tradelines.
That way, you don’t have to spend hundreds of dollars on products you might not even need or waste time submitting dozens of applications that might get rejected.
For only a $19.95 monthly membership, you can report an unlimited number of your ongoing expenses to the business credit bureaus, including your eCredable subscription.
You can also report up to 24 months of payment history for each, which can significantly boost your business credit score virtually overnight.
Based on our studies of customer data, after just three months eCredable raises business scores by an average of 32 points! Since most business credit systems use a 100-point scale, that’s a game-changing improvement. Sign up for an account today to give it a try!
Read our reviews of other net 30 accounts that build business credit: Summa Office Supplies Net 30 Review, Strategic Network Solutions Net 30 Review, Shirtsy Net 30 Review, and JJ Gold Net 30 Review.