Your Ultimate Business Credit Reporting Solution!
Our platform is dedicated to empowering business owners like you to take control of your credit standing and unlock new opportunities for growth.
Why Is Business Credit Important?
Experience a streamlined process for obtaining business financing, with quicker and easier access to funds.
Having good business credit is helpful when you’re applying for business loans to quickly solve cash flow problems. Lenders may look at your business credit score when you apply for financing from them. Having a high business credit score will improve your chances of getting approved for small business loans, business lines of credit, or other business financing products.
A high business credit score will demonstrate to your lender that you will make repayments on time, which will help you get qualified quicker and easier. Depending on the lender, you may also qualify for lower interest rates on financing you apply for if your business credit score is strong enough.
You can get better credit and repayment terms with suppliers
Your business credit score isn’t just helpful when you’re working with banks and lenders. A strong business credit score can also help you get trade credit and secure better repayment terms with your vendors and suppliers. With a strong business credit score, they’ll view you as a trustworthy client and may provide you with more flexible repayment structures. This is beneficial when you ned to buy equipment, stock up on inventory, or make other major purchases for your business. Selecting the right supplier for your business can also help you secure good repayment terms that align with your needs.
You can protect your personal credit score
Business credit is also important for protecting your personal credit. As a rule of thumb, you should avoid using personal credit for business expenses and purchases. Incurring large business expenses with your personal credit will increase your credit utilization ratio, which measures how much credit you are using in relation to your credit limit. High credit utilization has a negative impact on your personal credit score.
How we help Clients’ report Payments to the Business Credit Bureaus
More and more, entrepreneurs understand the importance of building strong business credit. Good business credit is a valuable asset that can help open up new financing and business opportunities, and save business owners money when they borrow.
Would you like to enjoy those advantages?
You can, we can report your payment history to commercial credit reporting agencies. By reporting those payments to commercial credit agencies we can you’re your business build positive business credit references that help you build strong credit scores. Your good payment history will be reflected in your credit scores.
Why Choose Us!
Streamlined Reporting Process
Our intuitive platform simplifies the credit reporting process, allowing you to submit your repayment data seamlessly and efficiently.
Enhanced Credit Visibility
By regularly reporting your business's repayment activities, you enhance your visibility to lenders and suppliers, positioning yourself for better credit terms and financing opportunities.
Expert Support
Whether you have questions about the reporting process or need personalized guidance, we're committed to providing you with the support you need to succeed.
Our Pricing Plans
Here’s a breakdown of our membership plans tailored to suit your business’s reporting needs:
Note:
• The credit line reported is the membership value. A Credit account with $2,500 reported credit line for lowering credit utilization and reporting payment history
• Monthly 3-Bureau full credit reports
Self Report
$39 – report 1 (Will report the last 3 months)
$69 – report 2 (Will report the last 6 months)
$89 – report 3 (Will report the last 9 months)
Kindly Note: This is a one time fee plus the membership fee that will be additional. After the one time fee for the additional months, the regular membership will then be billed monthly.
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FAQs
3 reasons why business credit is important
If you’ve ever applied for a car loan or a credit card, you’re probably familiar with personal credit. This score shows banks and other lenders how reliable you are with your personal finances and how likely you are to pay bills on time. As a business owner, you should also learn about business credit, which shows how well you are able to repay your business debts on time.
Business credit shows lenders, suppliers, and other vendors how financially risky your business is. This score helps them assess whether your business should receive financial credit. If you apply for small business financing from lenders or trade credit from suppliers, they will often look at your business credit score before working with you. Because of this, building your business credit can help you set your business up for success. Below are 3 key reasons why business credit is important.
Why is business credit important?
Business credit is important for 3 main reasons. Having good business credit helps you in 3 ways:
- You can obtain business financing quicker and easier
- You can get better credit and repayment terms with suppliers
- You can protect your personal credit score
What exactly is business credit?
Much like your personal credit, your business’ credit score determines whether your company can be trusted when it comes to handling money. Think of your business’ credit score as a gauge for the reputation of your company. Among other factors, it reveals any sign of your business’ delinquent payments or bankruptcy, which could affect your chances of landing future business relationships. If your business has poor credit history, potential lenders or investors may not want to partner with your company because it would be considered a high risk endeavor.
So why is it important to build business credit?
While you may have excellent personal credit, you won’t want to put a loan for your business in your name for liability reasons, as you could become responsible for your business’ debt. There is always a chance that your business could hit hard times, and if your business cannot repay the loan, you don’t want that debt reflected on your own personal credit report. Not to mention in some extreme cases, the creditors could go after your personal assets if you filed the loan in your own name. Therefore it’s best to build business credit, and then apply for business loans with your company’s credit report instead.
The better your business credit the more financial opportunities your business will receive. For one, if your business has good credit history, lenders will be more likely to loan your business money. Not only will lenders trust you to repay them, but they will generally offer you lower interest rates than if your business had bad or no credit history. With access to loans, your business can borrow money to invest in a new product or electronic equipment, which it might not otherwise be able to afford out of its own pocket.
In the same way that lenders won’t mind engaging in business with your company, investors and partners may be more inclined to invest in your business as well. Your business’ credit score will prove that your company is reliable.
Additionally, good credit creates a safety net for your business. You may not need extra money now, but what if sales drop next month? Can you still pay your company’s rent? Will you have enough money to cover your employees’ payroll? If your business has already built good credit, then your business should have no trouble borrowing money during a financial bind.
