Online Tools Empower Business Owners
First, the good news: the most powerful tool for managing small-business credit is only a click away.
Your business credit file is a dynamic document: it changes every single time you make or miss a payment, and every creditor will thoroughly examine your credit scores and ratings before issuing your company a loan, line of credit, or credit card.
Now the bad news: credit monitoring requires patience and diligence. Therefore, it is essential that you understand the information contained in your business credit record—easy enough, you can order up a copy of your report online from Dun & Bradstreet—but that’s just the beginning of the business credit story.
If you want your enterprise to thrive, then you will need to monitor and manage your business credit record with real-time alerts, industry benchmarking metrics, and unlimited access to critical information.
Getting Started With a Dun & Bradstreet D-U-N-S® Number
The Dun & Bradstreet Data Universal Numbering System (D&B D-U-N-S®) is a business identification system used by thousands of companies worldwide to link information about suppliers, customers, and lending partners. D-U-N-S® uses a unique nine-digit ID sequence to designate small businesses and corporations, providing a more complete picture of risk and opportunity by linking corporate families together, and allowing for easy identification of individual business entities and related corporate units.
Beyond giving your business greater visibility and access to potential partners, a D-U-N-S® number allows you to manage important data more efficiently. By combining your business’s internal records with Dun & Bradstreet’s industry-leading database and other relevant market information, you can create a toolbox for leveraging purchasing power, reducing your operating costs, and assessing credit risk.
Getting Down to Business
CreditBuilderTM from Dun & Bradstreet is a service that offers tools for monitoring nearly every aspect of your business credit report. Businesses that utilize services like CreditBuilderTM may be able to increase their financing options, and leverage better terms with vendors and lenders.
CreditBuilderTM also provides you with instant alerts whenever anything in your credit file changes. Through the program, you can update and maintain individual credit references, as well as benchmark your business against similar small businesses in your industry. In the end, knowing the ins and outs of your credit report is the most efficient way to reduce overall credit risk and to manage debt.