Business Credit Reports & How to do Company Credit Checks

BusinessCreditBureaus

When it comes to credit reports, business owners check the company info & financial data found in their business credit profile for accuracy. Unlike a personal credit report that requires your permission to view, a business credit report and the comprehensive business data found within are accessible to anyone willing to pay for it.

Credit Reports

By checking your own business credit reports from the top business credit reporting agencies before applying for credit, you can quickly determine your chances of approval.

  1. Dun & Bradstreet
  2. Experian Small Business
  3. Equifax Business
  4. Creditsafe

Dun & Bradstreet

Learn more about Dun & Bradstreet
Dun & Bradstreet
Major Business Credit Bureau

This is the biggest and most complete commercial reporting agency. A Dun & Bradstreet business credit report is thoroughly researched and can give you all alone a precise idea about any company either startup or established, no matter the size of the business.

 Thus, your first concern as a new business should be establishing a business credit file with D&B and then working on adding points to your business credit score. To do so you must create your account manually. D&B credit reports make the object of various service packages that you can purchase as a small business. The main products are CreditSignal and Credit Signal Plus.

CreditSignal

This CreditSignal package includes 14-day free access to D&B scores and reports. During this trial period, you will also get free alerts for report inquiries.

CreditSignal Plus

This superior package will cost you $15 monthly and it includes five scores and ratings from D&B. You can also generate additional scores and get alarms for each business inquiry, for new business events, and for any change that happens to your credit score.

Advantages

D&B subscriptions give you access to your business payment history and credit rating. The Failure Score can show the current credit and financial obligations of any business. The $15 monthly cost for CreditSignal Plus is less expensive compared to some other business credit reporting agencies. You can also check the credit reports of other companies that you are interested in working with.

Experian

Experian Business
Experian
Major Business Credit Bureau

Experian business credit reports are third-party verified and unbiased. unlike personal credit scores, Experian Small Business credit reports focus on a company’s financial situation and history. Their reporting service is known as Experian Business Credit Advantage. Experian comes to the aid in resolving fraudulent business activities and gives you access to a fraud support specialist.

 With your Experian account, you get three months of credit trends, the full monitoring of your business financial activity, updates by mail for each change in your credit report, and access to their identity monitoring technology, the CyberAgent. Experian monitors all the main business credit factors like trade payments, leasing, tax lien, UCC, and judgment fillings. You will also receive access to other tools, such as the Score Improvement Tips, and Experian Financial Stress Rating.

Advantages

Their full service is accessible for a yearly fee of $189, meaning around $15 monthly. All data is updated in real-time. The subscription includes third-party check-ups, access to public records, and data public fillings.

Equifax

Equifax Business
Equifax
Major Business Credit Bureau

The Business Credit Monitor service from Equifax deals with the risk assessment for small businesses. They provide access to unlimited business credit reports and real-time notifications about the situation within the industry of your interest. There are numerous alert options like New Inquiry Alerts, Bankruptcy Alert, Derogatory Alerts, and Equifax Drop Score Alerts.

Advantages

Equifax business credit reports help you monitor and manage the company’s finances through scores, reports, and other specialized tools. There is an analysis of various data with major importance for your financial activities, account balances, debt level, income, and spending habits. They create a clear business financial profile that can help you make an accurate business plan.

Creditsafe

Creditsafe
Creditsafe
Minor Business Credit Bureau

The business credit reports drafted by CreditSafe are very suitable tools for improving a company’s business decision-making process. They give you access to credit limit recommendations, to US and international credit scores. The offer also includes inquiry trends, spending trends, payment trends, analysis of DBT (days beyond term), core business data, net 30 accounts and financial statements, compliance indicators, and legal filling history.

Advantages

They have a free trial period when you receive up to five credit reports, but only for US companies.

FAQ

Below you’ll find answers to or most frequently asked questions about your business credit profiles and where you can do company credit checks.

It’s a financial document that gathers relevant and comparative information on a specific company’s financial and credit history. The primary use is to provide a clear profile of your company to potential lenders, or business partners. Each company aims to have a good or even great business credit report that multiplies the chances of getting loans or entering advantageous contracts.

Creditsafe has a trial option that allows you to view up to five free business credit reports. A free account at nav.com will also let you view business credit summary reports from Dun & Bradstreet, Equifax, and Experian Small Business. You’ll also get free alerts to changes in your business and personal credit score consumer summary report from Experian.

With a subscription to Nav Business from $30 per month, you can view your full business credit reports from D&B, Experian, and Equifax, along with personal credit reports and scores from TransUnion (VantageScore 3.0) and Equifax (VantageScore).

You’ll also get free alerts to changes in your Experian Intelliscore, D&B Paydex score, and Equifax Business Delinquency Score. To get your FICO SBSS which is used by banks and SBA lenders, you’ll need to subscribe to their Business Loan Builder plan ($50/mo).

Nav.com is a monthly subscription website that costs $30-50 per month to provide access to full business credit reports from Dun & Bradstreet, Experian, and Equifax. They also have instant alerts to changes in several different consumer credit scores and business credit scores.