Business Credit Reports

Take 5 minutes and get a REAL business credit education, not fluff!

When it comes to non-personally guaranteed business credit, well-built Business Credit Reports will be your company's most valuable asset for getting access to capital. Major business credit underwriters will want to look at more than just a Paydex score, and it takes more than just 3 bills paid on time to get your reports where they need to be.

With over 20 years of experience in getting small businesses real results, we know exactly how these reports need to look to get approvals. Whether it's updating old information that's dragging the score down, merging duplicate business credit reports, or getting your company approved for more accounts that actually report to the business credit bureaus, we will help you paint the best picture possible to prepare your company for future lending needs.

Dun & Bradstreet®

Your company’s D&B credit report is the first place to start when building your company’s credit, but we have found many other services never go beyond getting a Paydex score. Starting off on the right foot with D&B is important as this report will always be gone back to as you apply for more and more credit accounts, but there is so much more!

A lot of misinformation on the web will lead business owners to believe that an 80 Paydex score is more important than it really is. An 80 Paydex just means that you set up 3 NET-30 accounts and paid the invoices off on time. The REAL horsepower from D&B comes from having a fully rated file with them. The sample reports below will show exactly what we mean.

Example 1

DUNS Number™ Only

Notice in this example that paying Dun & Bradstreet is usually is a waste of money. They will help you set up your DUNS number and that’s as far as you will get because the MOST they will offer is the “possibility” of adding account you might already have but you will have no idea where to go to get real approvals.

Example 2

BAD Business Credit

Notice here the collections, slow pays… 90% of on-time paying and well meaning companies look like this! That is why it is SO important you don’t join a self service program or “coaching” scam. You need this done right ASAP. This is because of ONE simple little bill paid a few days late, this is on almost EVERY business! A $50 bill you didn’t even know about ruining your chances of financing your dreams!

Example 3

BASIC PAYDEX score

OK this is a start, but DON’T get too excited… it means you have separate business credit yes, and a file started but little else. It just says that what credit you do have you pay on time. What is the result? Basic office supply and gas cards, AT BEST. THE START, an e-book result.. see who “sells” business credit to pay $60 to $10k for this result elsewhere.

Example 4

Proper TrueBuild Result

This is the minimum that your file should look like. Do you see a company that pays its bills on time? This is the NORMAL result with us and why every other service in this industry is left scratching their heads. If you want real no PG business credit and to truly separate your business and personal this is how it’s done and you won’t find real information like this anywhere.

Experian® Business

When it comes to non-personally guaranteed business credit, a well-built Experian Business report will be your company’s most valuable asset for getting access to capital. As shown in the D&B section above, having an 80 Paydex score is only the first step. Your Experian Intelliscore is what major underwriters will want to look at, and it takes more than just 3 bills paid on time to get it where it needs to be.

With over 20 years of experience in getting small businesses real results, we know exactly how these reports need to look to get approvals. Whether it’s updating old information that’s dragging the score down, merging duplicate credit reports, or getting your company approved for more accounts that actually report to Experian, we will help you paint the best picture possible to prepare your company for future lending needs.

Here's a Before and After Shot of a TrueBuild Member's Experian Business Report

Before

Here we can see what a typical Experian Business credit report will look like for a new member before we update the firmographic information and dispute off slow pays. The Intelliscore is an overall algorithm of all the information Experian has on file for your company.

After

This is what lenders want to see when considering your company for credit and the result clients can expect with TrueBuild, which is nearly impossible for those trying to figure it out themselves. We know exactly what it takes to get your company’s report to this place.

Equifax® Commercial

The third major player in business credit is Equifax Commercial. Your company’s credit file with Equifax is heavily weighted by SBFE (Small Business Financial Exchange) data that comes from larger banks and financial institutions so, as a result, it's not uncommon for your company’s Equifax report to be lacking or non-existent in the beginning stages of your credit build.

But it won't stay that way!

Unlike the Dun & Bradstreet Paydex and the Experian Business Intelliscore, Equifax Commercial has multiple scores and factors that creditors look at. The main scores used are Payment Index, Business Delinquency Score, Business Failure Score and OneScore for Commercial. There are two main avenues for viewing your scores with Equifax: Setting up a NAV Prime credit monitoring account or setting up an eCredable account and purchasing a report. See examples of what you will see on each of these reports below…

Equifax

How to Monitor Your Business Credit Reports

Credit monitoring is one of the most essential aspects of building business credit, otherwise you’re just flying blind. Having access to your FULL business credit reports will reveal potential derogatory items, mistakes, or outdated information that may be holding your company back from getting the funding it needs and will be required to correct any of these items.

We recommend using Nav Prime

NAV is a low-cost solution for business owner’s to monitor their business credit reports with Dun & Bradstreet, Experian Business, and Equifax Commercial. They offer a free account, which displays a generalized letter grade on each report in place of the full score and a limited view of the information on the report, and a Prime account which gives you access to your company’s complete business credit reports.

Click the link to start monitoring your company’s credit TODAY!