In today's world, businesses are more connected and interdependent than ever.
Suppliers, customers, partners, investors and others can all impact the financial
health of your business. Any one of them can put your business at risk.
The good news: you can mitigate that risk by carefully screening the credit profile
of companies you are considering—or already are—doing business with. Public
records offer valuable business information. Records on liens, judgements, bankruptcies,
UCC filings and other items can help you identify potential problems.
Experian business credit reports give you access to these types of public records,
as well as other key business information.
Other Types of Information Included
- Fictitious business names (DBA)
- Collection items
- Business credit score
- Payment history
- Business ownership
- Key facts (revenue, number of employees, etc.)
Why Check Business Public Records?
There are numerous reasons you'd want to consider running a public record search.
These situations include:
- You're planning to lend money or extend credit to another business
- A customer begins to fall behind on payments
- You need to determine business or asset ownership
- You're considering buying or investing in another business
- You'd like to collateralize a transaction
- You need to conduct a background check on key suppliers
In addition to checking on other businesses, you can monitor the information in
your own business credit file. This ensures your business's info is accurate and up
to date. Why check your own file? Because your business credit profile can affect
everything from your insurance premiums to the interest rates you'll pay.
