BUSINESS credit

Establish Business Credit

If your looking to establish business credit then continue reading this article to help you find the best way to obtain business credit. While you are analyzing your startup expenses and costs, it is important to ensure that your credit score is good. Small business loan applications are frequently declined due to poor credit. Your credit score can have an impact on your insurance rates, as well as the appeal of your business to potential suppliers and partners.

BuSiness Credit

Maintain Good Personal And Business Credit

Existing businesses enjoy the benefit of a proven financial history. However, loan eligibility for a new company is usually determined by its owner’s credit score.

Although not all small business owners have good credit, others may be able to establish credit in the initial stages. The Consumer Financial Protection Bureau (CFPB), offers tips to assist people with low credit scores to get started.

The Credit Scores webpage of the CFPB is a great place to start building credit and improving your score. The Federal Trade Commission offers credit improvement recommendations if your credit history is in need.

BUSINESS Credit

Apply for Business Credit 

Your company can establish and manage business credit to help you get financing whenever you need it, and at better terms. It can help you to negotiate supply agreements and protect your business identity theft.

Register for a Dun & Bradstreet number or DUNS number. This is the first step. A DUNS number, which is a nine-digit unique identification number for each business location, is what you need. Dun & Bradstreet offers assistance on building business credit.

BUSINESS Credit

Check and Monitor Your Credit

You should monitor your credit reports for both personal and business purposes, especially if you suspect you may have been the victim of identity theft.

• For free credit monitoring, visit The Annual Credit Report Website. This authorized source is the only authorized one.
• Experian, Equifax and Dun & Bradstreet can provide a copy of the company’s credit report to help you monitor your credit.

You can find more tools to assist you checking and monitoring your credit.