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A step-by-step DIY instructional guide for you to build business credit, with coaching available.

There are 4 tiers of building your business credit and Tier 1 is the most important. Think of this as 4 pillars to a strong foundation of your business. This includes properly setting up the first pillar of your company so that your business is considered Credible in the eyes of banks, lenders, and the business credit bureaus. If you do not set this up properly the other pillars will not matter and can result to lower approvals, delays, and lower Credibility.

Business Credit is driven by your EIN or Tax ID number. Just like you have personal credit on your social security number, essentially your business EIN or Tax ID number is your businesses social security number. Establishing and building a strong business credit history can open the door for bigger and better business loans, lines of credit and credit cards. Here's a list of more reasons why you should build business credit. Learn more

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Build Business Credit 

for Funding

Begin with a FREE Consultation and learn how to build business credit with your unique profile!

 

What is Business Credit?

There are 3 main business credit bureaus including Dun & Bradstreet (D&B), Experian (EX), and Equifax (EQ). D&B has what’s called your Paydex score, EX has your Intelliscore, and EQ has a Risk score. All of these report to a larger governing body called the Small Business Financial Exchange or SBFE, which report to the Small Business Association (SBA) and other Institutions a like.

Connect with us and learn more about how to structure you business profile so you can save time, money, and research. Get your FREE consultation today and let us help!

01

Establish

02

Build

03

Access

How it works

The first step in establishing business credit is making sure your business is Credible in the eyes of the banks, lenders, and the business credit bureaus. There are a minimum of 10 items or data points that must be in place so that your business is “Credible”.  

 

Tier 1 - Getting Started

 

Once your business is Credible, you can then move on to earning a “D&B Paydex” score, an "EX Intelli" score, and a EQ "Risk" score. To earn a Paydex score you will need 3-5 business credit accounts to report to D&B. At this point, Round 1 or Tier 1 is completed and your business is in a position with a legitimate business credit profile. You can qualify for government grants and business funding and you are ready to move on to the next tier.

 

Dun & Bradstreet® PAYDEX® Score

 

A Paydex score is a score that is created by Dun & Bradstreet® once you establish a business credit profile on their platform. The first thing you have to do is establish a "credible" business, set up a free Duns number, and then you'll need 3 to 5 starter business credit reporting accounts that will report to D&B. Once you have 3 to 5 accounts reporting, you will then be issued a Paydex score. Getting a high Paydex score requires strategic payment timing. Your score is from 0 to 100. Less than 80 i not preferable. 80-90 is good, 90+ is excellent.

 

Experian® Intelliscore Plus℠ v2 and Financial Stability Risk rating

 

Experian's business credit scores provide a quick view of a company's risk potential based on a scale of 1 to 100. The higher the score, the lower the risk. The objective of the Experian Business Credit Score (Intelliscore PlusSM) is to predict seriously derogatory payment behavior.

 

Equifax® Business Credit Risk Score™

 

Equifax's business credit scores predicts the likelihood of a business incurring greater than 90 days severe delinquency or charge-off on financial services accounts within a 12-month period. This score is built using financial services and trade payment data, providing a higher degree of predictability. The score range is from 101 - 992 and it returns up to four reason codes. 

PayNet® Business Credit Risk Score™

 

PayNet® is an Equifax® company that many commercial lenders and most equipment / vehicle lease and lending companies use. 

 

LexisNexis® Small Business Credit Report

 

LexisNexis® Small Business Credit Report combines credit data from the Small Business Financial Exchange, Inc. (SBFE) with Alternative Data from LexisNexis® to create a more inclusive snapshot of a small business and help your business extend more offers, optimize terms and avoid risk. 

 

SBFE® Small Business Financial Exchange™

 

The Small Business Financial Exchange™ is a highly trusted business data exchange that is governed by the small business lending industry and managed independently from credit reporting agencies. Small business lenders rely on SBFE’s distinctive information security and data governance controls. 

 

FICO®  Small Business Scoring Service℠ (SBSS℠)

 

FICO® Small Business Scoring Service℠ (SBSS℠) is recognized as the industry leader in assessing the risk of US small business credit applicants. SBSS is delivered via our FICO® LiquidCredit® Service infrastructure and brings the speed of consumer lending to your small business lending decisions. This is the model used by SBA Banks and Lenders to determine if an existing business with 2 years or more experience is credit worthy to be approved for and SBA 7(a), 504, Express, or Micro Loan.

 

Tier 2 - Keep Building

 

In Tier 2 you will begin to now have access to more powerful accounts with larger limits. You will be able to access a mixture of Net 30 accounts, Revolving Credit Lines, Retail accounts, and Fleet accounts. 

 

You are now building your business credit and momentum is on your side. By the end of this round and based on the accounts you set up in Tier 1 you should have at least 7-8 accounts. Reporting on your business credit profile.

You should have an 80 or higher Paydex score. Your business should be easy to find in public records, all of your data points are intact and match across all platforms.


 

Tiers 3 & 4 - Compound Credit

 

Tiers 3-4 are going to be more of the same from Tier 2, just with access to even bigger and better account options, collectively giving you access up to $100,000 plus of credit. Once you have completed Tier 4 you should have a minimum of 14+ accounts reporting on your business credit profile. Your business credit now has the depth and history it needs to help you qualify for equipment loans and leases, vehicle loans and leases, business loans including SBA 7(a), and business lines of credit.

What are the benefits of having business credit?

  • Separate liabilities from your personal to your business

  • Minimize personal Debt to Income Ratio (DTI)

  • Get access to high limit credit accounts in the business name

  • Get access to US government programs and grants

  • Open doors for vendor, business, and investor relationships

  • Reduce cost on business insurances and landlords scrutiny

  • Qualify for SBA 7(a) and Express Loans

  • Purchase Vehicles, Equipment, & other Assets

  • Increase the value of your business for future sale

  • Boosting Your Business Credit Rating

  • Lower startup costs

  • Reduce cost of borrowing money

  • Better approval rating to commercial properties

  • Better terms from suppliers

  • Keeping Business and Personal Finances Separate

  • Gaining Access to Increased Financing and Better Terms

  • Improving Business Cash Flow

  • Enjoying Company-Specific Rewards

  • Setting Up Custom Spending Controls

 
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Get Started

Build Your Business Credit
Business Pro
Full Scale Builder
$900

Tiers 1-4 Access

 

3 hours of Coaching included

 

 

Access to Business Credit Builder Portal w/ Instructions

 


Get Setup with Dun & Bradstreet, Experian, and Equifax

 


10 Point Business Credibility

 


Access to full 4 rounds of business credit building

Establish a Paydex score, Intelliscore, & a Risk score


Get Access to Vendor Accounts, Net 30 Accounts


Get Access to Fleet Accounts

Get Access to Commercial Store Accounts

 


Get Access Business Credit Lines
 

Establish organic depth-of-credit

Starter Basic
Round One Starter
$250

 Tier 1 Access

 

1 hour of Coaching Included

 

Access to Business Credit Builder Portal w/ Instructions
 

Get Setup with Dun & Bradstreet, Experian, and Equifax


10 Point Business Credibility Check


Access to Round 1 of business credit building

 
Get Access to Vendor Accounts, Net 30 Accounts


Get Access to Fleet Accounts

 

Establish a Paydex score, Intelliscore, & a Risk score 

Hourly
1 Hour Coaching Support
$99

Purchase 1 hour of coaching support as needed. This does not include access to any tier or the platform.

Access to tier 1-4 can be purchased separately in our Do It Yourself Plans.

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