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8 Steps to Building Your Business Credit

Strategy Driven

You should also know that each of the main credit bureaus for businesses, Dun & Bradstreet, Experian and Equifax, all have their own set of criteria when scoring a business’s credit. This means opening a bank account and getting a business credit card as well. Get a DUNS Number. Open Multiple Credit Accounts.

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The 5 Easiest Ways to Build Business Credit

Women on Business

Not only does it make your personal finances vulnerable, but business credit is a much more powerful tool professionally than personal credit. 2- Get a business bank account – Banks prefer to provide a business line of credit to a company that has a positive financial track record.

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article thumbnail

8 Steps to Building Your Business Credit

Strategy Driven

You should also know that each of the main credit bureaus for businesses, Dun & Bradstreet, Experian and Equifax, all have their own set of criteria when scoring a business’s credit. This means opening a bank account and getting a business credit card as well. Get a DUNS Number. Open Multiple Credit Accounts.

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Use Data to Fix the Small Business Lending Gap

Harvard Business Review

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.

article thumbnail

Use Data to Fix the Small Business Lending Gap

Harvard Business Review

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.