Commercial credit program at The Home Depot
Professional contractors, trade specialists and construction companies need access to the right financial resources to succeed. Starting or buying a business and making it successful requires courage, determination, entrepreneurial skills and very hard work. However, to build on that success, business owners often need more. They need access to financial products and services — like The Home Depot Commercial Credit Program — that can help them move their businesses to the next level.
To make it easier for contractors to get access to these services, The Home Depot offers no-fee credit cards with competitive terms. The Home Depot Commercial Credit Cards also provide the features and tools contractors need to track business purchases and improve cash flow.
“The Home Depot Commercial Credit Card is essential to managing my business,” says Francisco A. Martínez, owner of Eagle Masonry Services in Atlanta, Ga. “Having a line of credit always available helps us solve our company’s immediate and future needs, and take on bigger and better projects with confidence. It gives us a competitive advantage.”
Commercial credit account
The Home Depot Commercial Credit Account provides the business management tools professionals need to drive their businesses and keep the dream going. With easy-to-read SKU-level itemized billing statements, companies get a comprehensive solution for tracking purchases by purchase order number, job name or job number. Plus, The Home Depot Commercial Credit Card carries no annual fee and 0% liability on unauthorized charges.
“Tracking your purchases and knowing exactly where your money went helps you manage your credit properly and use your credit wisely,” says Martínez.
As an added benefit, companies can view, manage and pay their account balances online at myhomedepotaccount.com, or make payments in-store at any The Home Depot location.
If pros suddenly find they need additional resources to finance an unexpected project, the commercial account offers the ability to request a credit line increase online or by contacting The Home Depot Credit Services.
“At first, I used my account for minor purchases only, but as my business grew, minor purchases turned into truckloads of building materials, and my line of credit grew with me,” says Martínez, who recently requested a credit line increase to help him increase his business.
Two great plans for your specific needs
To help its professional customers be more successful and profitable, The Home Depot provides a valuable credit program that combines great credit and cash flow benefits with everyday low prices.
The Home Depot offers two commercial credit options:
- The Home Depot Commercial Revolving Charge Card –This plan gives professionals the option to make low monthly payments or pay in full. There is no annual fee, and free employee cards are available.
- The Home Depot Commercial Account – This account is paid in full each month and there is no annual fee. In addition, if the account holder spends more than $25,000 in a 12-month period, The Home Depot assigns a personal account manager to the account to help with any issues or questions.
Both plans combine competitive terms and business management tools to help professionals manage cash flow from project to project, with the support and expertise only The Home Depot delivers, the convenience of one-stop shopping and guaranteed low prices.
“I have a revolving credit account that gives me the flexibility to pay over time, but I usually pay my balance within 30 days of my purchase to make sure I always have my complete line of credit available for new and ongoing projects,” says Martínez.
The Home Depot also provides access to Spanish language communications, including credit statements, service letters, and marketing communications. Spanish-speaking customer service representatives are also available so Hispanic commercial customers can conduct business in their own language.
Even in the current tight-credit business climate, it’s easy to apply for The Home Depot Commercial Revolving Charge Card or The Home Depot Commercial Account. Simply stop by the Contractor Services Desk at The Home Depot or go to www.myhomedepotaccount.com to complete an application online.
“Having an open line of credit available lets you purchase what you need for a project in advance or the same day you need it,” says Martínez. “It’s all about flexibility.”