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Credit Reporting Agencies:
Dunn and Bradstreet is NOT the only CRA for businesses.

Business Failure:
9 out of 10 new businesses fail for a cause that can be directly related to the inability to establish credit lines when necessary.

Incorporate to Separate:     You can separate your personal liability and protect your personal assets from that of the business just by incorporating. It is possible to build a business credit profile for a sole proprietorship or partnership, however you are still responsible for all the debts of the company. We recommend building your business credit as a corporation or limited liability company.

Show Up On The Radar:            In many instances, only bad credit items are reported to the business CRA's because the commercial lending industry is interest rate driven. This factor has created scenarios where 10 year old corporations are "Ghosts" because they have all positive tradelines that don't report.

 

 

 

           
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