About The Business Credit Reporting Agencies

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Your business must have strong business credit scores the are separate from you personally.

It is a fact that, in today's economy, your business needs all the help it can get to obtain the financing you need to grow and succeed. Business credit scores now play a major role in business financing and have become the determining factor in how much your business gets approved for, what interest rate you pay, and what length of payment term you receive. Most large corporate and SBA lenders have factored business credit scores into their underwriting guidelines.

Now that we have determined the importance of business credit scores, let's take a look at who reports those scores;

Experian Business Information Services - If there is a new kid on the business credit block it is Experian. Experian is the leader in personal credit reporting and has ventured into business credit reporting. Experian has approximately 3,000 "trade lines" reporting to them. A trade line is any company that sends payment histories into a business credit reporting agency. If you have a business credit card, equipment or vehicle lease, or a corporate account with any large supplier or retailer they are most likely reporting to Experian Business. 

Equifax Business - Equifax has been in business credit reporting for a long time. They used to be called the "Small Business Financial Exchange" and only gathered credit information from member banks. While they have branched out from this practice, their major reporters are still banks. Therefore, anything your bank knows about you so does Equifax.

Dun & Bradstreet - Dun & Bradstreet is the oldest and largest player of the business credit reporting agencies. Before the financial crash, Dun & Bradstreet had about 6,000 reporting trade lines. That number was cut by almost half due to the large number of companies that felt they were hurting their customers by reporting because so many companies began to pay their bills late. This issue was primarily a factor of what lenders report to Dun & Bradstreet. Dun & Bradstreet reporters are primarily vendor credit lines. These are businesses that extend credit to other businesses on "Net 30" credit terms. That means if you have vendor credit lines for products or services that give you 30 days to pay, then they most likely report your payment history to Dun & Bradstreet.

After you take the business finance pre-qualification test, we walk you through first checking your business credit scores and then building strong business credit scores that can help your business obtain larger amounts of financing and on better terms.