Business Credit 101

[Tuscani]

Yes. I use DnB and Experian.

[rudy]

ok, went to experian they do not have any history of my bussiness credit ( not good) Capital 1 and first equity, are not reporting me at all ( bussiness or personnel) both have given me cli and intrest reductions. How can I get them to report. Called both, cap 1 was confusing and first equity, confusing also.

[Tuscani]

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@rudy wrote:

ok, went to experian they do not have any history of my bussiness credit ( not good) Capital 1 and first equity, are not reporting me at all ( bussiness or personnel) both have given me cli and intrest reductions. How can I get them to report. Called both, cap 1 was confusing and first equity, confusing also.

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Simply call and ask them to report.

[virtuousbeauty31]

Finally a business credit section I have one corportation that has been in business since 2001 but inc since 05, and I just recently Inc another company in Nov. Here are the accts I have obtained:

Biz #1 - Quill Net 30, Uline Net 30, Office Depot $250 (rev), Staples $750 (rev), Grainger $1,000 these were in late july/aug. Amazon $2,000, Shell $1,000, Exxon $1,000 these were Sept. GMAC $35,000 auto lease was in Oct. Dell $50,000, Office Max $5,600, Key Bank MC $4,000, Home Depot Comm $2,000, Home Depot MC $3,200, and Conoco $3,000. All of these were with no PG and 8 reporting on Duns with a paydex of 80 and 3 reporting on Experian with a score of 76.

Brammy you were right you can get bank card with no PG

[Anonymous]

NEBS can come off the list.

I contacted them today because it didn't seem like they were reporting. The reply said they didn't renew the contract or DUNS didn't renew the contract, I have to find that email but they no longer report.

[busyone]

Would anyone recommend using a company like access capital funding group

that will,for a fee, establish tradelines for your new company and help you build

your business credit and also help you set up a line of credit. I know of course

you can do the work yourself,but they might be faster and again like I said set

you up with a line of credit for your business. Any thoughts?

[Junejer]

Busyone, if you are resourceful, you can do it yourself. I am guessing that you are resourceful, b/c you have found these threads. You already have what makes CFG and others like it most appealing, a Duns profile. Read through these threads and look at the success that people are having (have had). Apply where you see others having success, without a PG. CapOne for sure. GL.

[LuvsRetro]

BusyOne:

Go to http://www.fivepointcapital.com  and apply or check to see if there is a preapproval on site.  We received a pre-approved app and was approved for $100,000 with no PG.  Anything higher you will need to submit financials. 

DH's SmartBusiness Experian Score is 71. 

They are wanting new customers.  I am going to have them refi a lease on a dump truck.  They have many capital programs available.

They seem easy to get approved.

[busyone]

Hi Teamfico,

                         Can you elaborate a little more on this?  Are they just "lending" funds

for purchasing equipment. I'm not in the market for any heavy equipment. I'm looking for

funding to help toward growing my business but not sure what equipment I need. I really

appreciate your response. Thanks.

[Anonymous]

Is Dun/Bradstreet and Experian basically the same? My business on Experian sid

a paydex of just under 80.....would D&B be the same?