What Are the Important Parts of a Free Business Credit Report?

Published on: 08 May 2018 Last Updated on: 09 August 2019

Did you know that small businesses make up 99% of employer firms in the U.S.? Small businesses are an important part of the economy.

Everyone knows it’s important to have a good personal credit rating. But, did you know that it’s also important for your business to have good credit?

If you own a small business, read on to learn how you can get a free business credit report and why it’s important.

Why is Good Credit Important?

If you’ve ever applied for a home or auto loan, you know that good personal credit is important. If you don’t have credit, it’s difficult to get a loan.

No credit doesn’t always mean you have bad credit. It means you haven’t established a credit record.

If you’ve handled credit poorly, then you have bad credit, and you might not get be able to get a loan.

Lenders check your credit score to ensure your ability to pay back your loan. It’s critical to build and maintain a good business credit rating.

How to Build Credit :

Not everyone carries a credit card, but it helps to have one if you want to build your credit score.

Too often, college-age kids get one or more credit cards and find themselves in debt and are unable to pay it back.

It’s important not to overuse a credit card.

Credit cards charge high interest on the money they loan. It’s okay to buy things with a credit card, but make sure you pay the entire loan off monthly as much as possible.

If you don’t pay the entire loan monthly, the interest you pay adds a significant amount of money to the cost of your purchase.

Unfortunately, if you don’t use a credit card, it’s harder to build credit.

In addition to paying your entire credit card balance on a regular basis, be sure and pay all your other bills on time as well.

Late charges aren’t the only problem you’ll have if you pay your bills late. Late fees also hit your credit report and lower your score.

There are other ways to help build your credit as well.

Getting a Free Business Credit Report :

It’s important to know how to check your free business credit report and to understand what it contains.

According to the law, it’s possible to get your personal credit report for free on an annual basis.

The law doesn’t say a business credit report has to be free on an annual basis. But, it’s possible to get a free business credit report. Here are a few ways:

CreditSignal :

Dun & Bradstreet offers a free business credit report at CreditSignal.com. This is a great place to get your business credit report because it also has a learning center.

It’s an easy service to use, and it comes with a mobile app that’ll alert you to changes in your Dun & Bradstreet credit score. The service gives you fundamental information about your score.

To get the full service, you’ll need to get the paid subscription.

Try Nav :

Nav.com is another service where you can find your personal and business credit scores for free.

While CreditSignal only tells you about your Dun & Bradstreet score, Nav offers information regarding your Dun & Bradstreet and Experian score.

Free Trial Demos :

You can also get a free business credit score if you want to sign up for a free trial from companies such as Credit.net, CreditSafe.com or Scorely.com. Remember that once the free trial is over, you’ll be charged for a subscription.

What Does It All Mean?

Now that you have your free business credit report, what does it all mean?

When checking your personal FICO score, look for a number between 300 and 850. The higher the score, the better your credit rating.

Don’t panic when you check your business credit score and the number is under 100! Unlike the FICO, business scores range from zero to 100.

Business credit reports are confusing because they’re not all calculated the same way.

The Big Three :

There are three major companies where you can check your business credit. These are Dun & Bradstreet, Experian, and Equifax.

Dun & Bradstreet calculates your credit score based on information from partner companies or payment info reported to directly to them. They use a Paydex score that ranges from zero to 100.

You’ll need to file through the Dun & Bradstreet website to obtain a DUNS number before you can get your score. Your report will show you creditworthiness, payment history and trends, and public filings.

Experian offers a business credit score between zero and 100, as well as a financial stability risk rating. You’ll also see a credit summary and payment trend summary. The payment trends are thorough, including monthly and quarterly trends.

If your company has any judgments are liens filed against it, these will also show on the Experian summary.

Equifax also uses the zero to 100 score. But, you’ll also see a business credit risk score that ranges from 101 to 992. This score determines the likelihood that your company will fall behind on payments.

With all three of the large credit bureaus, the credit summary is easy to read and self-explanatory.

It’s important to pay close attention to everything in the report so that you can correct any incorrect items that could hurt your credit.

Obtaining a Loan :

One of the most important reasons to maintain good business credit is so you can obtain a small business loan. Whenever you open a line of credit, such as a credit card, there’s a hard hit to your credit report.

This means that applying for any sort of loan is actually bad for your credit score!

This is one more reason to make sure you maintain good credit, in case you’re in need of a loan to purchase necessary company equipment.

It’s sometimes possible to obtain a small business loan without a hard hit to your credit. Read more now to learn about one of these loans.

Learn More About Business and Finance :

Business can be complicated, but don’t let the details scare you. Work on building and maintaining good credit to help with your personal and business finances.

Looking for more great articles on business and finance? Take a look at our many resources here.

Read Also :

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Top 8 Benefits of Professional Business Cards

Wondering if you should invest in professional business cards? You might think that business cards aren't necessary for your industry, or that you aren't successful enough to need them yet. However, professional business cards can be useful in every industry, and along every step of your professional journey. They help people remember you and can go a long way toward making the right impression. In fact, there are all sorts of situations when business cards can benefit you. You never know when or where you may meet a professional connection who can really help you. Are you ready for that moment? Read on to learn why you need to get business cards in your wallet as soon as possible. 1. They Feel Genuine: In this modern-day, it's perfectly easy to exchange business information via phone or email. In fact, professional business cards can even start to seem outdated in this environment. However, one of the great things about business cards is that they aren't digital. They make things feel personal and genuine - which is what networking is really all about. Business cards provide an opportunity to shake hands, make eye contact, and have a real conversation. This allows you to develop a sense of a genuine professional relationship from the start. If you're both typing information into your phone, it's much less memorable later on. Instead, use business cards to create a memory - people can save info on their phones later. Just like business cards, leaflet flyers can be a great way to help improve the awareness and popularity of a business brand. Businesses can depend on leaflet flyers as a dependable, affordable, and result-oriented offline marketing strategy that works. This can help drum up sales, build credibility about the brand and reach out to new customers. 2. They're Highly Effective: Did you know that professional business cards are a form of direct marketing? You might be using paid media, search engine optimization, and email marketing already. But while you're at it, you should also visit a site like New Era Print Solutions for business card templates. In-person meetings can go much further as direct marketing tools, for the same reasons as those listed above. You might discover valuable contact just about anywhere. Networking events and trade shows are to be expected, but you can also develop valuable leads at the grocery store, the airport, or a party. If you have business cards on hand, you'll never miss out on one of these direct marketing opportunities. Store them in your wallet, pocket, or laptop bag, and you'll always be prepared. 3. They Give a First Impression: Anyone who's ever worked to develop an elevator speech knows that first impressions are everything. Professional business cards can help you make a lasting, memorable first impression. Sure, you can give out your information without a business card. But if you have a memorable, unique card, the interaction will be much more meaningful. For example, no one wants their brand to be thought of as cheap. A nice business card can speak for the quality of your work, by representing your values and aesthetics in miniature. Your business card should be unique enough to stand out and aligned with your company's values. Even if you work in a conservative industry, paper quality and font choice can make your card stand out, giving the impression you want. 4. They Get Shared: When you have out your business card, it might change hands a few more times. This is a great way to expand your network quickly. Business cards are physical objects, unlike contact information that's privately stored in a phone or computer. If you hand out your business card to a connection, they might then turn around and show it to even more people. This is especially true if you have a unique, creative card. 5. The Show That You're Well-Prepared: If you have business cards on hand, your new connection will see that you're prepared at all times. This level of foresight can make them much more likely to want to do business with you. Fumbling with a phone or writing your information on a piece of scrap paper doesn't give the right impression. Show your professionalism with plenty of neatly stored cards that make exchanging information a breeze. 6. The Show What You Do: If you work in a unique industry that's hard to explain, a business card can help the conversation move forward. If you can hand out a card with a succinct explanation of what you do, or even a visual representation of it, you don't need to worry as much about your explanation. Ultimately, doing business is about getting results. Even if your industry is hard to explain, your business card can demonstrate the results that you will get. For example, a graphic designer should be able to hand out a beautifully designed card that offers an example of their work. Even if your design niche is unconventional, your card will be able to speak for you. 7. They Are Tangible: Humans are creatures who rely on our senses. Even though it's easy to forget it in the modern world, tactile objects speak to use on a deep level. When you have someone a physical business card to hold, they're having a visceral experience that can make the moment seem more important and memorable. If your business card is made of high-quality material that feels nice to hold, even better. Your card can use multiple senses to offer the right impression. It should feel nice - for example, a raised font can make professional business cards luxurious to hold. It should also look attractive - use both visual and text elements to gain attention. Make sure to keep your cards looking nice with a professional business card holder, too. 8. They Can Have Multiple Purposes: Business cards don't have to just give out contact information. They can also feature coupon codes, fun facts, or helpful information, such as a diagram. Or you might want to include space on your cards for handwritten notes to remind the recipient of when and where you met. Find Out What Professional Business Cards Can Do For You Don't just take our word for it - order professional business cards today and see the difference they make. When you start handing out business cards, you'll open the door for all kinds of opportunities you would never have expected. Looking for more ways to grow your business? Check out our tips here. Read Also : 10 Tips To Design The Perfect Business Card How Photography Projects Can Improve Wedding Business

Heavy Duty Polythene Sheets For Construction: Applications & Benefits

As a contractor or builder, you know how important it is to control moisture, dust, and debris at a construction site. Heavy-duty polyethylene sheets offer versatile, cost-effective solutions that provide protection and containment on the job site. These durable polyethylene sheets can be a construction crew's best friend! Heavy-duty polythene sheets are typically made from low-density polyethylene (LDPE) or linear low-density polyethylene (LLDPE). These materials create sheets that are exceptionally tough, flexible, and water-resistant. Polythene sheets are available in a wide range of thickness gauges, with heavier grades like 500-gauge or 750-gauge used for demanding construction conditions. The multilayer, cross-laminated structure of heavy-duty polythene sheets provides exceptional tear and puncture resistance. They won't rot, mildew, or degrade when exposed to weather and ultraviolet light. You can count on these rugged polyethylene sheets to deliver outstanding performance across a broad range of applications on the building site. In this article, we'll explore the many ways heavy-duty polythene sheeting can make your construction projects cleaner, safer, and more efficient. These sheets offer proven protection for moisture management, dust/debris control, concrete curing, and temporary structures. Let's take a look at the benefits heavy-duty polythene sheets can provide on your job sites! Moisture Barriers Controlling moisture is critical in any construction project. Fortunately, heavy-duty polythene sheets can provide an effective barrier against water and dampness. The waterproof polyethylene material blocks liquid moisture and vapor transmission. Below Grade Installing polyethylene sheeting under concrete slabs is an excellent way to prevent moisture from migrating up through the concrete over time. The impermeable polythene layer acts as a barrier that blocks ground moisture from passing through the slab foundation. This helps prevent moisture-related issues like mildew, cracks, and buckling. Be sure to overlap seams and seal with waterproof tape. Wall Wraps Wrapping walls in polythene sheeting protects the structure from bulk water intrusion during construction. The water-resistant polyethylene film acts as an air and moisture barrier. This keeps wall assemblies dry until the final weather-resistant barrier can be installed. Properly taped seams prevent moisture ingress and air infiltration for better energy efficiency. Curing Blankets Proper curing is essential for concrete to achieve its full strength and durability. Heavy-duty polythene sheets can provide an ideal curing environment. Fresh Concrete Covering fresh concrete with polythene sheeting helps retain moisture and prevents the slab from drying out too quickly. This allows the concrete to hydrate thoroughly so that it can be set properly. The polythene curing blanket minimizes evaporation, which can cause shrinkage cracking. It also protects the slab from weather elements like rain, wind, and sun. Pre-cast Elements Heavy-duty polythene sheets are also ideal for curing pre-cast concrete elements like columns, beams, walls, and stairs. Covering the precast molds with polythene sheeting retains the moisture to allow the concrete to fully cure. This accelerates strength gain, allowing the molds to be stripped for re-use more quickly. The impermeable sheets also prevent surface drying defects. Containment and Dust Control Heavy-duty polythene sheets are invaluable for containing hazardous dust and debris on the construction site. The durable polyethene barriers keep workers safe and the site clean. Asbestos Abatement Installing polythene containment walls and ceilings seals off the work area during asbestos removal. This prevents fibers from contaminating other areas of the building. Polyethylene flooring also contains fallen debris. The poly barriers ensure proper disposal while protecting the health of workers and occupants. Lead Paint Removal Lead paint removal requires similar containment. Heavy-duty polyethylene containment keeps leading paint chips localized so they can be safely collected and disposed of. The containment area also prevents workers from being exposed to hazardous lead dust. Silica Dust Cutting and grinding concrete or masonry materials creates extremely fine silica dust. This dangerous respirable dust requires containment. Heavy-duty polyethene sheeting creates an enclosed area with reduced air circulation to contain the silica dust. This improves air quality and prevents workers from breathing in the dangerous particles. Temporary Structures Polythene sheets offer a quick, cost-effective way to create temporary structures for protection from the elements. Equipment/Material Covers Heavy-duty polyethylene sheets make great covers to shield equipment and building materials from rain, dirt, and debris. Simply build a basic frame from lumber or PVC pipe and stretch the polythene sheet tight over the top. This creates an inexpensive structure to keep valuable items safe from weather and theft. The transparent material even allows light through for better visibility. Temporary Roofing Large polythene sheets can also serve as temporary roofing during construction. Attach the polyethene sheeting to roof trusses to provide immediate cover until permanent roofing is installed. This allows interior work to progress while keeping the structure watertight. Polythene roofing protects the building from rain and humidity damage. Final word Heavy-duty polythene sheets truly are a construction site's best friend. As you have seen, they are a solution for many construction cases. As you tackle your next building project, be sure to keep heavy-duty polythene sheets on hand. Major manufacturers like Polystar Plastics offer a wide selection of polyethylene sheeting in various grades and sizes. Their experienced team can recommend the ideal polythene products for your specific applications. With the proper heavy-duty polythene sheets, you can increase efficiency and minimize hassles on the worksite. Protect your projects and your crew with these high-performance polyethene barriers. Let polythene sheeting make your next construction job smooth, clean, and successful! Read Also: What Industries Use Polythene Bags 3 Things You Should Know About Personalized Shopping Bags How Can Greenhouse Design Change Architecture?

Why Many Businesses Owe Their Success to Quality Scales

There are certain things that we tend to take for granted, though it’s understandable considering the age that we live in. Many of us expect the best because that’s what we receive more often than not. The same goes for many companies across different industries. While they might attribute their success to certain aspects of their operations, you won’t likely hear them speaking about the use of weighing scales. After all, it’s just one device in a sea of others, right? You’d be surprised just how many companies owe their success to this marvelous yet straightforward device. A quality scale can make all the difference, though it’s understandable to be skeptical about that claim. Here are just some of the reasons why all sorts of businesses owe their success to quality scales. Scale prices are low, and the returns are high: If a company maintains a production line, efficiency is the name of the game. In order to improve efficiency, they can either upgrade their equipment or find a way to shorten the repetitive tasks. A proper scale can accomplish such a job without being too costly - making it one of the best ways to upgrade a production line. Depending on the industry, scales range from useful to indispensable: There are few devices out there that match heavy-duty scales as far as general usefulness goes. For example, it’s unlikely to see a bakery grow into a successful enterprise until they start calculating and measuring the exact amount of ingredients they need for a specific recipe. It’s not something that necessarily requires a scale, but if you plan to be efficient, it’s invaluable. It goes double when a bakery decides to mass produce products in order to meet the demand of their clients and customers. From airports to laundromats: Having an airport and being unable to weigh any of the luggage is practically unheard of - that’s how much of a requirement quality scales are in airports. It’s not something an airport can function without, as the ability to weigh luggage can mean the difference between a smooth transition and a complete mess. Any business that deals with laundry also requires that every article of clothing is weighed - not just to ensure that the clothing isn’t lost, but to calculate the price as well. The fact that scales can go from useful to invaluable goes to show just how many companies depend on them to succeed. Not every company is going to need a quality scale, or have it be instrumental in their rise to the top. However, it doesn’t mean that a weighing scale is ever useless. In fact, it’s useful in all sorts of situations while being indispensable in others. It’s capable of adding much-needed efficiency to a production line while being able to ensure that workers in a chemical factory are always safe. While not all businesses might need one, many industries definitely owe their success to using quality scales. Read Also: Why Skilled Workers Will Own The Future 7 Steps To Create A Product Description That Sells

What Are the Important Parts of a Free Business Credit Report?

Why is Good Credit Important?

How to Build Credit :

Getting a Free Business Credit Report :

CreditSignal :

Try Nav :

Free Trial Demos :

What Does It All Mean?

The Big Three :

Obtaining a Loan :

Learn More About Business and Finance :

The Importance of Writing Business Reports in College

Advantages and Disadvantages of Coupon Codes in Your Business

Tags

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Technologies For Creating A Startup Idea

How to Download Facebook Videos on Android?

7 Rules of Effective Ecommerce Web Design

The 10 WordPress Plugins Every Sucessful Blogger Uses

Follow Us

Recent

Financial Plan For Your FIRST Small Business – Low Budget Plan

Best Small Business Loans To Look Into In 2024– Are You Eligible For The Loan?

Remote Jobs With No Experience In 2024? Check Out The List Below

Career Spotlight: Becoming A Market Research Analyst

Related

Top 8 Benefits of Professional Business Cards

Heavy Duty Polythene Sheets For Construction: Applications & Benefits

Why Many Businesses Owe Their Success to Quality Scales

What Are the Important Parts of a Free Business Credit Report?

Why is Good Credit Important?

How to Build Credit :

Getting a Free Business Credit Report :

CreditSignal :

Try Nav :

Free Trial Demos :

What Does It All Mean?

The Big Three :

Obtaining a Loan :

Learn More About Business and Finance :

Share this Article

The Importance of Writing Business Reports in College

Advantages and Disadvantages of Coupon Codes in Your Business

Tags

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related