What Are Business Credit Bureaus?


A business credit bureau controls businesses. Business credit reporting offices collect data from a variety of sources, including information from lenders about payment history and information from other creditors, such as suppliers.

There are three major business credit bureaus, plus a few more. Offices also collect information from business credit reporting agencies about bankruptcies, encumbrances, and business-related lawsuits. They get this information from public records.

As you know, information about a company’s financial stability is only as good as the data provided. You should check your business credit report at least once a year.



What is a credit report and a score?

Business information is collected in a business credit report. From the business credit report, a business credit score is assigned. The business credit risk score will have a rating ranging from poor (business failure score) to excellent. Anything above 670 is good.

Business credit reports are the basis of a business credit score, which is used to assess a company’s creditworthiness.

How long does the information affect a business credit report?

Certain information affects business credit reports over a period of time, which affects business credit scores issued by credit bureaus:

  • Sentences – 6 years and 9 months
  • Bankruptcy – 9 years and 9 months
  • Tax recordings: 6 years and 9 months
  • Business data – 36 months
  • Payment history: for the duration of the loan
  • Financial statements: for the last 3 years

Why are business credit reports important?

Your business credit reports are compiled by a business credit bureau. They are important to you and other businesses.

  • Your Small Business Credit Report directly affects your business credit score. Good and higher credit scores make it easier for you to get loans or get credit for purchases.
  • When you do an internship to check your business credit reports, you can take steps to address the issues that affect your credit scores. These can be inaccurate.
  • Other businesses, such as vendors and vendors, can view your small business credit reports. Good credit reports make it more likely that sellers and suppliers will do business with you.
  • You can check who (what businesses) have seen your small business credit reports.

Where does business credit information come from?

Several data points can be collected in the business credit file:

  • public records
  • lenders
  • sellers
  • suppliers
  • public services
  • real estate tax agencies
  • state tax agencies
  • court records involving sentences
  • court records involving bankruptcy filings

Main business credit information offices

Every credit reporting agency has a focus. For example, your FICO Small Business Scoring Service credit reporting agency will include your personal credit score.

The three largest business credit bureaus are Dun & Bradstreet, Equifax and Experian. Each of these business credit bureaus includes information from lenders, suppliers, and vendors. Each business credit reporting agency uses the Small Business Finance Exchange (SBFE) report to collect data.

Here are more details on the top 3 and 2 other business credit agencies and news agencies:

1. Dun & Bradstreet

Dun & Bradstreet business credit scores are a mainstay of business credit bureaus. Dun & Bradstreet’s business credit report uses a global approach to business data in vendor and vendor transactions and other business-to-business data, which are key indicators of a company’s financial health. Potential business partners, lenders, and other businesses view Dun & Bradstreet’s credit reports. Dun & Bradstreet credit scores receive a rating called a Paydex score. Paydex’s score is based on a collection of information that includes the history of business payments, outstanding business loans, business loan payment habits and

2. Equifax

Equifax is another well-respected name in business credit bureaus with their Equifax business credit reports. Equifax Business Credit Scores are a collection of small business lender reports and lender credit history information, as well as data on encumbrances, bankruptcies, and lawsuits. As one of the top 3 business credit reporting agencies, Equifax is a reliable business credit bureau.

Equifax | Credit Bureau | Check your credit report and credit score

3. Experian

Experian’s business credit score is compiled from lender and trade data. The company works with 40 million companies and 300 million suppliers and lenders in the United States alone. Experian business credit reports include a rating called Intelliscore Plus to create a business credit profile.

Check your free credit report and FICO┬« – Experian score

4.TransUnion

TransUnion is another business credit reporting agency. TransUnion collects all transactions involving credit and is also based on public reporting data. The company merges the information and issues commercial credit reports, assigning a number that establishes a financial stability risk rating.

5. FBS SBSS score

The FICO Small Business Scoring Service is the only agency that includes personal credit scores. This makes it possible for an investor or supplier to consult the personal credit reports of the business owner, as well as the financial obligations and credit reports of the company. The SBSS FICO score is a number from 1 to 300. The rating is required by the SBA for loan applications and is also required by many other lenders.

How to access your business credit report

Accessing your business credit information is easy. You can get free business credit reports in your own business once a year. But you usually have to pay a fee to get more than one report on your own business a year or to get a report on another business.

Just go to the Annual Credit Report.

Can You Make a Business Credit Report?

Yes, and it is a common practice used by a company that grants business credit accounts. Before giving credit to a supplier or seller, a small business should assess any business risk by obtaining a company’s credit report. If a company does not have a solid business credit rating of at least Good, the business owner may set a credit limit or choose not to do business with the company.

Read more: How To Get A Bad Credit Business Loan

Does an LLC have its own credit score?

Yes. Regardless of which institution you have chosen for the business structure, you will have a credit score. A corporation, an LLC, and other businesses have a credit score.

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