Business Credit Reporting Agencies

https://businesscreditblogger.com/2018/05/03/business-credit-reporting-agencies/ What are business credit reporting agencies? Learn 15 business credit reporting agencies you should know about and how to get your business an established business credit file.

Business credit reporting agencies are in the business of collecting and maintaining a data warehouse on millions of businesses in the U.S. and around the world.

The business credit data they gather on each business is consolidated and compiled into what we all know as a business credit report. Business credit reporting is big business and can impact the types of funding your business can qualify for, what rates it will pay and what repayment terms you will receive.

With all that business credit reporting data, the business credit reporting agencies offer various risk assessment and risk management tools such as custom industry reports, company ratings, business credit scores, etc.

It’s important to realize that businesses, banks, lenders, vendors, suppliers, retailers, leasing companies and insurance companies share data with business credit reporting agencies they subscribe to.

They also request data (business credit report, scores, etc.) from that business credit agency so they can assess the credit worthiness of a company when considering extended credit to that company.

The three main business credit reporting agencies are Dun & Bradstreet, Equifax Small Business and Experian Commercial. In addition to these three major agencies it's essential that you get to know the 13 other business credit reporting agencies we cover in this video.

For more details on business credit reporting agencies and how to start building your business credit file check out the following sites below.

https://youtu.be/QqxWFkUhfpI
https://businesscreditbuilders.org/business-credit/
https://businesscreditblogger.com/2018/05/03/business-credit-reporting-agencies/