Business credit refers to the collection of scores, ratings, and other indicators commonly used by lenders, suppliers, customers, and other partners to quantify the risk of working with a company. To help you better understand business credit, we’ll walk you through the basics and how you can use business credit to help grow your business.
A Trade Reference is a source that supplies past payment experience(s) between a business and a vendor. Some Trade References automatically provide payment experiences to Dun & Bradstreet on behalf of their customers in the form of trade tape. Other Trade References can be submitted manually through the CreditBuilder™ product, so that Dun & Bradstreet knows to try and collect your payment experience information from them.
If you are looking for a way to borrow money when you need it at the interest rate you cant say no to. These lines of credit can be set up under your business name and is one of the fastest ways to establish credit for your business. The debt only shows on your business credit reports and fund in about 14 days.
Business or personal Term Loans Fund Fast and Give you a 3,5, or 7 year term to pay off unsecured funding that can be used for anything A 660 credit score is required and 4-5,000 in income is required as well Depending on income and credit these loans can be 150k or more and usually fund in less then 7 business days.
