Business Credit Bureaus

When it comes to personal credit there are 3 main credit bureaus that keep track of your personal data and evaluate your personal credit reports as they receive information about your payment experiences from retailers, financial institutions and public records. Most if not all of the information is reported to the bureaus using your social security number. Equifax, Trans Union and Experian are the three main personal credit reporting agencies.

For a small business, there are more credit reporting agencies than there are for personal credit. Here is a list of small business credit bureaus.

Equifax Small Business Enterprise

Experian Small Business

TransUnion Small Business

Credit.net

Dun & Bradstreet

Accruint Business

Client Checker

These are the main small business credit reporting agencies that are most important for small business credit. Unlike the personal credit agencies these bureaus get their data from small businesses, vendors, suppliers and certain public records databases. It is very important that your small business information is listed accurately with these agencies. An incorrect address, phone or total years in business could have a negative impact on the company in terms of applying for credit. Lenders and vendors will verify your business information with these credit agencies and if the data you provide on the application does not match the data that the agency has reporting your profile then that could result in your application for credit being denied. It happens all the time. Make sure that you check your business credit file at least once a month. Most vendors report your trade experiences once a month. 

To find more about the business credit bureaus and how you can build a solid business credit file, visit the link below to purchase your copy of the business credit e-book.

http://www.tradebit.com/filedetail.php/126427810


Al,
alplouis@gmail.com
Twitter.com/alplouisea
www.Gboogie.net