Establishing business credit is a critical first step for any company looking to gain more financial stability and freedom. It’s the process of building up a history of reliable payments and debts with companies, which can help increase your business’s credibility and help you access better financing terms. This means making sure that all of your payments, loans, and debts are on time and taken care of. You also want to make sure that you’ve established trade lines (relationships with vendors) who are willing to report your payments and balances to the major credit bureaus. By building these relationships over time, you can establish yourself as a trusted partner, one that lenders are likely to take a chance on when it comes time to borrow money.