Business Credit
What is Business Credit?
Your business credit record is the primary way that companies evaluate whether to do business with you – and on what terms. Companies rely on your business creditworthiness to make critical decisions, including whether:
- To sell to you
- To lend you money
- You are viable as a partner
- To lease the equipment you need to grow your business
- To increase your line of credit
- To help you carry more inventory at competitive prices
- To give you favorable financing rates and terms
- You stack up favorably against other companies competing in your market space
Business credit includes a variety of data points about your business, such as the date it started, the skills and experience of your top leaders, number of employees and annual sales. This type of information is listed in your business credit profile, along with scores and ratings that are derived from your business’s past behavior to predict its future behavior. For example, your ability and willingness to pay your bills on time in the past is factored into your ability and likelihood of paying your bills in the future.
FREE Consultation
why is business credit important to my business?
Good credit is the lifeline of your business. It enables you to obtain funding for things like expansion, capital expenditures, research and development, and staffing. It is the principal contributing factor to your business’s future growth, not to mention the cash necessary for survival. Good business credit also allows you to keep the cash you have to cover your cost of doing business; such liquidity lets you respond quickly to time-sensitive requirements, without halting or compromising operations.
It’s not just about getting access to financing; business credit has increasingly become the primary vehicle for setting terms on business loans, determining insurance premiums, even setting lease payments. Good business credit can earn you lower rates, strengthening your cash flow.
What’s in my Business Credit Profile?
- Payment and banking data from company suppliers
- Suits, liens and judgments, UCC’s, business registrations, incorporations and bankruptcy filings from state and county courthouses
- Corporate financial reports
- Contracts, grants, loans, & debarments from the federal government
- Web mining
- News and media
- Yellow Pages and other print directories
- And, in the case of your Dun and Bradstreet business credit profile, direct investigations and interviews with company principals (i.e. self-reported data) and other companies that you work with.
- Dun & Bradstreet Rating: an overall assessment of your business’s creditworthiness & viability
- PAYDEX Score: a predictive indicator that measures the likelihood of your business paying within an agreed-upon timeframe
- Credit Limit Recommendation: Dun & Bradstreet’s guideline as to how much credit should be extended to your business
- Financial Stress Score: a measurement of the likelihood that your business will experience financial stress in the next 12 months
Credit360 Business Credit Program: Empower Your Business with Strong Credit
Whether you’re just starting out or looking to strengthen your existing credit profile, our comprehensive program offers the tools and guidance you need to succeed. With Credit360, you can confidently take your business to the next level.
types of credit we help you access:
- Store Business Credit with Dell, Apple, Walmart, Amazon, Costco, Sam’s Club, BP, Chevron, Home Depot, Lowes, Staples, Office Depot, Ikea, and with most other major retailers
- Fleet Credit for fuel and auto vehicle repairs for your primary vehicle, and a fleet of commercial vehicles
- Cash Credit including Visa and MasterCard accounts you can use in most locations worldwide
- Auto Vehicle Financing to purchase or lease your primary vehicle or a fleet of vehicles, in your business name
Program Highlights
Personalized Credit Strategy
Every business is unique, and so is our approach. We start by assessing your current credit status and business goals to create a customized credit-building strategy that aligns with your specific needs.
Personalized Credit Strategy
We guide you through the entire process of establishing and improving your business credit. From obtaining your D-U-N-S number to securing vendor lines of credit, we ensure that each step strengthens your credit profile
Separation of Personal and
Business Credit
Protect your personal credit by establishing a solid business credit profile. This separation not only shields your personal finances but also enhances your business's credibility with lenders and suppliers.
- Corporate documentation review
- Determine scope of business strength
- Establishing a business credit file with Dunn & Bradstreet
Yearly Audit + Deletion Fees $ 2,360.00
- Establishing a business credit file with Equifax
- Building of PAYDEX and Intelliscore
- Funding Advisor for a guided approach
- Verify and dispute late or derogatory payments
- Access to Vendor Lines of Credit
- Access to Vendor Lines of Credit
Ready to Build Your Business Credit?
- Separate Business Credit: Build credit independent of personal credit.
- Higher Credit Limits: Access larger credit limits for business needs.
- Vendor Credit: Get vendor credit lines, even as a new business.
- Credit Monitoring: Stay updated with real-time credit monitoring.
- Funding Access: Unlock loans and credit lines with strong business credit.