How to Establish a Business Credit History

Establishing a business credit history should be among the first steps a new business takes.

A Credit History Helps Businesses Get Credit

While it may seem like a new business will need to obtain credit prior to establishing a credit file, the credit file should actually be the first step towards obtaining credit. Business loan applications will require simple identification information about the business, and one of those pieces of information will be the D&B D-U-N-S® number.

This number will be required in almost all credit transactions, and is similar to the Social Security number used for consumer credit transactions.

This number is easily obtained and will help open doors to credit. With a D-U-N-S® number, a new business will be able to apply for vendor financing and business loans.

Get Help to Build a Credit File

CreditBuilder™, a service offered by Dun & Bradstreet, could help new business owners quickly create a business credit file and be on the path to obtaining the loans that might be needed for growth and expansion. In order to obtain credit, it will usually be important to understand what is in a credit file, and this service can help.

This service might be the fastest way to build a strong credit file that can improve your chances to qualify for business loans. Once you qualify, a strong credit file can often help you lower your interest rates. Because customers often check supplier credit histories, a strong credit file could help you to attract new customers and increase your cash flow.

It can also help you negotiate better payment terms. Potential customers may also review your credit file to assess your financial strength, a factor in determining whether or not they choose to do business with you. Given all the potential benefits of CreditBuilder™, business owners may find that it is beneficial to build business credit with expert help.


Michael Carr is a small business expert who has been involved in the successful development of three small businesses.