Tier 2 - Advanced Business Credit

Tier two typically involves larger lines of credit because you have already established a solid business profile and trade references with Tier 1 credit.  Although you may want to start by having a $50,000 line of credit, no one wants to be the first person to grant you that much.  By building your lines of credit with the different tiers you increase the likelihood of obtaining the larger lines you need. 

Tier 2 - Advanced Trade Credit - Like Tier 1, this is the capital extended by businesses to businesses. The difference is that Tier 2 companies will conduct a business credit check before extending credit. Tier 2 usually includes larger credit lines, longer terms and in some cases can be used for equipment financing. If you need to purchase something that is created or sold by another company, chances are you can finance it with the first 2 tiers of Financing. 

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