The Truth about Business Credit Report

May 13th, 2009 20:53

Before you sign and shake on it, find out what sort of business you are dealing with. Business credit reports are a necessity to take risk out of a new venture.
EXPERIAN Business Credit Reports are nationwide and include:
Trade information showing a company’s payment history
Public record information such as
Bankruptcies (updated daily)
UCC filings (updated bi-weekly)
Bank loans (if they exist)
Leasing information (where available)
Factual risk indicator using a “days beyond term” score to indicate risk potential
Monthly/quarterly payment trends showing a company’s performance over time
Comparative Industry Data which shows a business’ payment performance relative to the industry as a whole for easy evaluation
The Business Profile is Experian’s most robust and comprehensive business credit report. The Business Profile report presents a current, objective picture of how a business handles its financial obligations.

Call our friendly staff, toll free at 1-888-282-0447 to order.

Benefits:
Make effective business decisions
A Business Profile report provides actual trade payment experiences, public record information, company background, and comparative data, placing a company’s payment performance in context with its industry.
Objective view of credit performance
The information is reliable, accurate and unbiased, allowing for an objective view of a company’s overall financial health.
Know the risk
Minimize risk by knowing all the credit attributes of a business.

Business Profile Features:
Executive Summary
Evaluate risk at a glance. A quick overview of a business’ credit behavior.
Historical payment guide
Analyze recent trends in payment behavior.
Significant derogatory data
Identify any legal balances from liens, judgments, collections or bankruptcy.

Days Beyond Terms (DBT)
Know the DBT
Shows on average how many days beyond terms it takes a given company to pay their bills.
Industry DBT
Compare the company’s DBT with those in the same industry.
Predicted DBT
Experian’s estimate of the firm’s DBT 60 days from the day of the report.

Actual Payment Experiences
Payment history by business category
Each trade line represents a unique business relationship.
6-month payment trend
Month-by-month analysis of recent payment trends.
15-month payment trend
A quarterly view of payment trends.
Payment terms
Know the terms set by other vendors.

OTHER BUSINESS CREDIT REPORTS AVAILABLE
Commercial Intelliscore – Provides a credit score for quick credit evaluation
Business Summary – Provides a summary of the data about the business
Business Owner Profile – Provides information regarding the credit of the business owner (a signed release for the personal credit information is required)
Small Business Intelliscore – A report specifically designed to evaluate credit of small businesses