Experian Business Information Services » my business credit rating

Get back to business

Mary Ann Strout — Mon, 12 Sep 2011 17:38:50 +0000

The kids are back to school. Now it’s time for you to get back to business and focus on building what’s best for growing your small business, including a good business credit rating.

Remember, your company’s business credit information is one of the first things lenders, suppliers and others will look at before deciding to do business with you. If it’s strong enough, it can even help you avoid personal guarantees.

Improving your business credit rating can make it easier for your small business to get loans and lines of credit, or improve your existing credit terms. Furthermore, it can lower your interest rates and insurance premiums to help your business save money.

In short, it’s time to get back to business and focus on making your business credit work to your advantage… Take the time to know it, protect it, improve it and build it.

Your small business is like a person; it needs credit to succeed

Mary Ann Strout — Wed, 03 Aug 2011 17:00:27 +0000

You’ve got a great idea, the capital and the know-how to make it happen. Yet entrepreneurial success also depends on something else many small business owners don’t pay enough attention to: your business credit profile.

Here’s a tip! Just as your personal credit rating has a big impact on your financial health, your business credit rating can help you get competitive business loan rates and terms. Having complete, up-to-date information on your business credit profile can help improve your credit rating…and maintaining a good credit rating is the best way to obtain favorable financial terms.

To obtain a recent copy of your business credit profile online, and to make sure it’s updated with accurate information on your business, visit BusinessCreditFacts.com. Click on the orange button that reads “Update my report”.

Just because you have a business, don’t assume you have a score.

Mary Ann Strout — Wed, 06 Jul 2011 18:30:00 +0000

Credit reporting companies require a minimum amount of information on your small business before they can generate a credit rating for your business. The process of scoring your business can include more than 200 factors into its model. To build a business credit history and rating, encourage your suppliers or vendors to report your company’s payment history to Experian’s business database. You can download an easy-to-use letter template located here, and send your request to your current suppliers.