Cooda:

Experian Business uses Intelliscore and D&B uses Paydex. The scoring systems are different. D&B is much more widely utilized, by about 5x as many businesses subscribing. Your paydex score is very likely different from your intelliscore.

Busyone, I am a commercial banker. I have worked for large banks and a relatively small bank, and now for myself. I have to reiterate that you should head off to your local bank with the docs in hand that I mentioned earlier. Come ready to tell your story to the bank and see what happens. Know exactly how much of a LOC you want and be prepared to show financials that support your request. Banks will typically want a PG at first, but show them that you will do what you said you will do and they will be willing to listen to requests for releasing the guarantee come annual review time.

edit: Five point capital is equipment leasing. If you want an LOC, head to your bank and establish a relationship with a Comm. Banker.

Message Edited by ByrdMan on 01-07-2008 08:19 PM

Hi Busyone. I understand that sentiment. There is a lot (far too much) of that going on in the industry. But, in my last bank, I had lending authority, whereby I could lend up to a certain amount aggregate to any one customer or related entity. I made my analyst understand the deal, but I was the lender/banker. I made sure that the deal made sense and didn't put the bank in a compromising position. If it was above my authority, I took it to loan committee in the manner in which it would make the most sense to the board.

Now, I also mentioned that you could negotiate to have that PG removed come annual review time. With that said, what is your EX scores, both you and DH? If you don't have any major derogs and a min. of 660-680, you could app for a WFB unsecured Business LOC for up to $100M (thousand, not million). I was just pre-approved for one. WF Business Bank pulls EX only, according to the rep that I spoke with a few weeks ago.

Best of luck to you.

T, Thanks for the BC101 information it was concise and useful. I bought the $9.99 report and do not believe I see my D&B number. Is it the 7 digit number I see to the left in the billing area. I see that my company has finally been listed and that a number does exist, but I did not readily see any number marked plainly as the D&B number. I called D&B before I saw your post, but the rep did not send me the information as she promised. She was not as bad to deal with as they were early last year when I first applied, but still came off as a pushy salesman. Your postings are much appreaciated Again Thanks,

Message Edited by igdycsmG6 on 01-09-2008 01:43 PM

Busyone, DH (dear husband). What is his EX score? I spoke with a CSR @ WFB when I got the pre-approval in the mail, and she told me that they only pull EX (boy was I hoping for EQ). I also have a couple of lender buddies that work there and they don't want many, if any, derogs. If you can't get those derogs GW'd, be ready with an explanation of what happened (preferably written).

BTW, the duns # is a nine digit number. Not sure what the seven digit is.

PG = personal guarantee. I've learned you want to try to do this as little as possible with business credit.