One of the most important steps you can take for your business is to build business credit fast. The good news is there are some steps you can use to fix bad credit fast . Here are some tips and tricks. Register your business If you have not already done this, you need to do is as fast as possible. Make sure your business is registered as a separate legal entity from you. This will mean it is either incorporated as an S-Corp or LLC. A good idea would be to seek advice from your business advisor. After this, you need to apply for the Employee Identification Number (EIN) using the IRS website. Open a bank account for your business This can go a long way in helping you to separate your business and personal financials. You can use the account to take care of the business expenses including your salary as long as you deposit in a personal account. When applying for financing, many of the lenders would like to see the data from your business, and this can help them make the decision.