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@sccredit wrote:
@gingerdad wrote:Think this thread is helpful and have opted not to pay for their services for my small law firm.
However, 2 contra examples - have a client trying to raise money from some value investors. They recommended establishing a D&B file for that type of investor. Additionally, my bank (US Bank) also recommended working on the file when I asked what I need to be doing to establish my business credit (over the long-haul, trying to move away from personally guaranteeing everything).
The above doesn't change what I am doing for my small firm but thought I would share.
Don't let them fool you. I have a business with multi-million capital lines secured by rolling stock with 50% equity in it and they have PG's on EVERYTHING. They dont do anything without PG's.
What are PG's???
Oh! Thanks Creditaddict!
For what it is worth, I would recommend that any business at least register (for free) with DNB. I work as a commercial financing broker and many of our lending sources are relying more heavily on DNB to underwrite commercial deals. If you register without paying anything, your suppliers can still report your trade payments, which will generate a PayDex and Conservative Credit Limit for your business.
I would not recommend paying for any of the services DNB offers unless you feel there is a real need. Your DNB report will look the same to a lender whether you are paying for DNB services or not.