My Business Credit Report is Nonexistent. 5 Ways to Build It

August 7, 2018 By Marco Carbajo

My Business Credit Report

Is a business credit report for your company nonexistent?

If you plan to apply for a business loan, buy equipment, open a credit line with a supplier – just about anything that requires borrowing money – having a business credit report established is crucial.

With an established business credit report; banks, lenders, suppliers, retailers, etc. will be able to assess the creditworthiness of your company. Look at it as a report card for how your business handles its financial obligations.

Your business credit report will be used for setting terms on credit, loans, lease payments and insurance premiums to name a few. For example, if you apply for an SBA loan, you are required to have a minimum FICO® SBSS score of 140 (out of 300), which is calculated based on both personal and business credit report information.

Now I’m sure you’ll agree how important it is to have a business credit report for your company but what can you do if you have nothing listed? What steps can you take to establish a business credit report for your startup or existing business?
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15 Business Credit Reporting Agencies You Should Know About

May 3, 2018 By Marco Carbajo

Business Credit Reporting Agencies

So, want to build a credit identity for your business?

You may know about the three-major business credit reporting agencies: Dun & Bradstreet, Experian Commercial, and Equifax Small Business. But did you know there are other business credit agencies out there that provide business credit reports on your company that is used to decide if you’re eligible for business credit, business loans, lines of credit, leasing and other financial products?

There’s even specialty reporting agencies that focus on certain industries. Just like the three-major business credit reporting agencies, specialty reporting companies collect and share business credit file information with creditors and other businesses.

In today’s post we’re going to list 15 business credit reporting agencies you should know about. Each of these agencies receive millions of updates on the account activities of businesses like yours. Now remember, there are many credit reporting agencies on both the consumer and business side.

So, should you check with every business credit reporting agency on this list? Although many may not even have any information listed on your business it’s best to check with all of these agencies to see if your listed.
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Business Credit Reporting 101: How Business Credit Reports Get Created

August 30, 2016 By Marco Carbajo

Business Credit Reporting

Why doesn’t my company have a business credit report?

This is one of the most common questions I get asked on a regular basis so what better way to address it then on today’s blog post.

Now whether you’re a startup or existing business, I’m sure you’ll agree that having a company credit file is the key to maximizing your funding potential. The fact is, with no established business credit reports; banks and other lenders will base a large part of their lending decision on your personal credit.

So let’s go over how business credit reporting works and how the business credit agencies (Dun & Bradstreet, Experian Business, Equifax Small Business, Paynet, etc.) collect and report information on businesses and why there may be nothing reporting on yours. It’s important to remember, these agencies are in the business of collecting data on individual businesses and selling that data in a compiled format known as a business credit report.
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Why Business Credit Ratings Are Essential to Your Success

May 10, 2011 By Marco Carbajo

Business Credit Ratings

Why do company credit ratings play such an important role in your success?

Well I’m sure you can think of quite a few but let’s cover some of the main reasons why others may want to know the financial history of your business.

As you know a business credit report can paint a very positive or negative picture of your company’s creditworthiness so ensuring that you have solid ratings should be a top priority.
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Business Experian:How to Get Your Company Listed with Business Experian

January 28, 2011 By Marco Carbajo

Do you know which two business credit reporting agencies dominate the industry?

Well, the obvious one is Dun and Bradstreet but did you know that Business Experian is the second largest player with over 22 million companies listed in its database.

One major difference is it doesn’t allow you to self-report trade references like DNB. But you can always update demographic information like you’re company address or phone number.

So how do you establish a company credit file with Business Experian?
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