In this New Economy it is more vital than ever before that businesses have strong business credit scores with all three
national business credit reporting agencies. Business lenders are not the only ones looking at business credit reports, so are landlords, suppliers, credit cards, insurance
companies, potential investors, and potential business partners.
So who are the business credit agencies and what are their scoring systems all about?
Experian's Intelliscore and FAQ's
The measurement for Experian's risk model is the Intelliscore.
to learn more about it. Experian also
offers a wealth of free information covering just about every aspect of business credit – from building and improving to scoring, reporting, lending and more. It's all categorized
in an extensive FAQ on BusinessCreditFacts.com
Equifax's Small Business Credit Risk Score
Equifax is more secretive about what their commercial scoring model is based on. However,
it's safe to say a large portion of their risk model is based on making timely payments (especially early payments) and keeping your profile free from any open public records,
collections, or excessive credit inquiries. The measurement for Equifax's risk model is the Small Business Credit Risk Score.
to see a sample.
Dun & Bradstreet's Paydex Score
A business Paydex score is tied to your D&B business credit file. Like your personal FICO score, it
is a statistical measurement of your business' creditworthiness based on reporting trade references and business creditors. In simple terms, a Paydex score of 75 equates to
a personal FICO score of 700. You will need a Paydex score of at least 75 to qualify for most business finance programs without requiring a personal guarantor. In order to
reach your goal, you will need to have at least five (5) trade references "reporting" to D&B that you pay no more than one week slow.
to learn more about the Dun & Bradstreet Paydex Score.
Would you like to learn how to fund your start up or existing business without using your personal cash or credit? We offer a proprietary 6 step corporate credit
building platform that virtually automates the process. Our web based platform can be accessed from anywhere you have a live internet connection so you can check your scores,
apply for vendor and bank credit and even apply for that corporate vehicle financing on the go!