Building Business Credit: How to start funding with an EIN

A few years ago I had finally registered my business. Yay, me!

Yeah, well, a year later, I was stuck. I still had a ton of ideas but no funds. I mean, yes, I had a job. But that just barely kept me afloat. And my personal credit was not equipped to take on the kind of investments needed. But I had an EIN, so I went wild one night with million tabs opened comparing credit card offers and benefits. By the time the sun was coming out to play, I had narrowed it down to two and decided to apply.

I was breezing through the first application when I got to the box asking for my SS. I thought I had clicked a wrong button at some point, so I closed the page and started again. The result was the same.

Apparently, I had some things to learn about this whole EIN credit thing.

Later that day I got lost down the Google hole and figured out personal credit is a deciding factor when first applying for a business credit line.

That’s right. I had to apply using my business’s tax identification AND my personal social security number. Turns out lenders need a personal guarantee when you’re first starting out. *nervous laugh*

So how exactly did I start funding my business? Short story; I didn’t. Not right away at least.

I needed to plant roots. I started by opening a bank account with my legal business name. Then, I established a business phone line and registered my business location. Depending on your line of business, you may plant different roots. These things worked on my budget, but I did wait about nine months before attempting to apply for a credit card again.

Since the line of credit impacts my personal credit here are two things I wish I’d kept in mind before I got the card:

When dealing with vendors, be sure to confirm that they report payments to at least one of the three major credit bureaus.

Each application is a hard inquiry, too many could serve as a disservice when later applying for a loan.

Always make payments before time.  If you can afford to double up on payments, DO.

Plan before spending. Do thorough research to be sure borrowed funds yield profit.

Again, this is just a start to funding your business through your EIN. It was two years before a lender was inclined to take on my business on its own. It’s a sure and easy way to continue to build your business credit as you grow, borrow, and pay.

Reclaimed Barn Wood Flooring

Reclaimed barn wood flooring is a rising wave in the flooring industry. Not only does it offer an authentic, rustic touch to your space, but it also drives the green initiative to recycle and repurpose.

Before massive deforestation began, forests were overgrown with healthy, hundreds-of-years-old trees— most of which are extinct today. These old barn wood types tell stories. They’re rich in character from ages of patina that you can now uncover and retell in your own space.

Environmental Benefits

The most obvious here is saving the trees. Instead of cutting more trees, there are plenty of old structures with perfectly good wood ready to be reclaimed and refinished for your home. Reclaimed wood also reduces landfill waste and the pollution that comes along with burning it. Reduction in energy used to cut virgin trees.

Authentic vs. Mass-produced
  • Older reclaimed barn wood flooring is often made up of wide planks that allow for versatility. Believe it or not, due to its long time curing process, reclaimed barn wood can be more stable and resistant. 
  • No two planks of reclaimed wood flooring are alike. Each is original and holds a lifetime of character. 
  • Everyday hardwood stores have reclaimed “styled” wood, though, they often lack character. 

Reclaimed wood is most commonly found in retired mills, abandoned lodges, or of course, standing barns. These buildings typically range in age from the early 1800s to the mid-1900s. If you have the time and you’re searching for a distinct aesthetic, you can always hunt these buildings down yourself. You’ll need to do your research before you set out to locations, though. Things to find out beforehand:

  • If there’s an owner
  • If it’s been well maintained
  • Local weather
  • If the roof is intact. The roof’s condition will be an indicator of possible rot. If you do find barn wood you’d like to reclaim, the next step is finding a professional crew to dismantle the structure. Otherwise, visit salvage and lumberyards for some great finds.

Now, there is more to reclaiming wood than just declaring it as your own. Whether you’ve found barn wood on your own or bought it, you’ll want to make sure it’s inspected and cleaned. After it’s been cleaned, you’ll want to get it prepped for installation. This is where you’ll look for cracks, metal pieces, rotten wood, and infestation. The point of this is to ensure stability in your flooring. Once you’re clear of that, it’s off to the machine to be measured and cut for installation. 

Home Décor Dilemma: When Are Curtains the Right Choice?

Traditionally, curtains are just thrown onto windows since they just go. Right? But walking aisle after aisle at the store and endless searching online hasn’t helped you decide if you really need it…or want curtains. And are curtains even right for what you want? Or was it drapes you were looking for? 

What’s the difference between curtains and drapes, anyway? 

Drapes are more likely to be lined, heavy, and a bit stiff. Curtains, on the other hand, are light and unlined. And since curtains are much lighter than drapes, you can pair curtains with different hanging options such as fabric or metal sleeves, rings, or grommets.

So, is your new space feeling a bare? Or maybe it’s time to freshen it up a bit?

Curtains can breathe new life into a space.

Use curtains to add height, texture, color, or pattern to a room. Here are a few ideas to get you started.

Collective thinking is to hang curtains flush to the window frame. That’s okay, but in some cases, it can make your space appear even less spacious than it is. Hanging curtains above the frame so that they lightly brush the ground creates an illusion of height in a tight space. The point here is to draw the eye upwards.

Add a little texture to your space using curtains. Seriously. Lace, sheer, bamboo, pleated, and ruffles can add character to any stale feel. For instance, pleated drapes can add a dramatic effect to a dining room, while sheer curtains in your living room exude vibrancy. The goal is to add visual appeal to create an effect.

Lastly, color can affect the mood of anyone that steps into a specific room, but painting is a big commitment. What happens when you want to change up the functionality of your space? Try the color on curtains to set the intended atmosphere. If you’re going to bring a refreshing or calming element, blue is the way to go. A splash of red can help build appetite in a kitchen. Lavender is excellent for relaxation, while green inspires concentration.

If you live in a colder climate, drapes, of course, can be used to give the same effects.