Quick Answer
EIN credit refers to credit lines and trade accounts reported under a business's Employer Identification Number rather than the owner's Social Security Number.
Key Takeaways
- An EIN is obtained free from the IRS and is the business equivalent of an SSN.
- True EIN credit typically requires both an EIN and a Dun & Bradstreet DUNS number.
- Many 'no personal guarantee' offers still require some personal credit history.
EIN Is the Starting Point
An EIN alone does not produce a credit profile - it is the identifier under which trade and credit accounts can be reported, once a DUNS number is also established and reporting vendors begin furnishing data.
Frequently Asked Questions
Is EIN-only credit really possible?
Educational sources note that fully EIN-only credit (no personal guarantee) is possible but typically requires an established business with revenue, time in business, and a developed business credit profile.