Establishing “small business credit” for an Atlanta, GA business can be the fastest way to secure a strong sustainable financial future!
In the state of Georgia a small business is defined as one which is independently owned and operated and must have either fewer than 300 employees or less than $30 million in gross receipts per year.
Once you have determined that your Atlanta based business is truly a small business, establishing business credit will be much easier.
Why Small Businesses Can Be Successful Targeting Metro Atlanta Georgia
Firstly, the metro Atlanta economy is the 10th largest in the country and 18th in the world with an estimated 2014 GDP of over $324 Billion. Atlanta metro area has the fifth largest population in the U.S. with 5.7 million residents.
It’s important to note that Atlanta is one of ten U.S. cities classified as an “alpha-world city” by a 2010 study at Loughborough University. This means that Atlanta is also considered to be an important node in the global economic system. Additionally, Atlanta also ranks as the 10th largest cybercity considered a high-tech center in the US, with some 126,700 high-tech jobs.
The city of Atlanta even ranks fourth in the number of Fortune 500 companies headquartered within city boundaries, behind New York City, Houston, and Dallas.
These are the top performing business sectors in metro Atlanta Georgia:
1. Trade, transportation, and utilities
2. Professional and business services
4. Education and health services
5. Leisure and hospitality
7. Financial activities
8. Other services
11. Mining and logging
It’s no wonder small businesses can thrive so well in the city of ATL Atlanta, GA!
Establishing Small Business Credit In Atlanta GA
Don’t make the costly mistake of paying thousands of dollars upfront without any guarantees…
Be wary of any company or individuals charging upfront fees before securing business credit for your small Atlanta based business.
Any fees should only be charged after business credit has been received and accepted. Typically, companies charging upfront for business credit packaging rarely deliver or secure business credit.
These are important elements a small business will need to establish business credit for specifically an metro Atlanta, Georgia business model;
Register Atlanta Business
Corporations, limited liability companies, and limited partnerships in Georgia are formed by filing with the Corporations Division. Some foreign (out-of-state) entities which do business in Georgia also must file with the Corporations Division.
Apply For Federal Employer Identification Number
The Internet EIN application is the preferred method for customers to apply for and obtain an EIN. Once the application is completed, the information is validated during the online session, and an EIN is issued immediately. The online application process is available for all entities whose principal business, office or agency, or legal residence (in the case of an individual), is located in the United States or U.S. Territories. The principal officer, general partner, grantor, owner, trustor etc. must have a valid Taxpayer Identification Number (Social Security Number, Employer Identification Number, or Individual Taxpayer Identification Number) in order to use the online application.
Apply For DUNS
The D&B D-U-N-S® Number is a unique nine-digit identifier for businesses. It is used to establish a business credit file, which is often referenced by lenders and potential business partners to help predict the reliability and/or financial stability of the company in question. D-U-N-S, which stands for data universal number system, is used to and maintain accurate and timely information on +265M global businesses.
Open A Small Business Bank Account In Atlanta
Open up a small business bank account in the metro Atlanta area.
Try any of these banks with Atlanta branch locations:
Contact Atlanta Small Business Phone Providers
Make sure to have a dedicated business phone line setup and a listed number in the Your business name.
Atlanta business phone providers that can setup a business phone system:
Once you determine what is necessary to “establish business credit for a small business in Atlanta” the next step is to apply for business credit!
To your success!