Is it easy to get business loan | Business Loan Information

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Business loan full details– There are many sources of business Loan credit information in the United States, and like personal credit agencies, they track businesses and companies and provide this business credit information to banks, financial institutions, and other businesses upon request for a fee. Some of them include: Dun & Bradstreet, Kroll, Experian Business, BusinessCredit USA, Equifax Business and Client Checker.

Dun & Bradstreet is probably the best known source of business credit information in the world. More than 70 million companies are registered with Dun and Bradstreet in the United States and they issue several reports on business including the DUNS Rating which is based on the company’s financial records and the Paydex Score which tracks payment records. The business. Dun & Bradstreet collects business credit information from businesses, suppliers, customers and financial institutions and shares this information with registered businesses.

Equifax and Experian are two well-known personal credit reporting agencies that have developed their own business credit information gathering systems over the years. This experience on a personal finance level has given them a lot of data that they use to build business credit information. Experian Business has over 14 million registered businesses in its data base and issues a business credit information rating called the IntelliScore that is based solely on payment records. Equifax Business aggregates information from a number of public and private sources and generates a range of business credit information reports and scores from this data.

Kroll is a relatively new player in the business credit information market, but they provide an added value service by verifying every piece of information they receive from suppliers, businesses and financial institutions. Some experts believe that Kroll provides the most accurate business credit information of all the reporting agencies in this business.

BusinessCreditUSA is a low profile business credit information operation that offers a service that is cheaper than any other business credit information reporting agencies, but it also double checks all of its information before posting your data to their system. It just aggregates information from individual businesses and their owners. ClientChecker is a commercial credit information reporting agency dedicated exclusively to small businesses. It rates businesses using the PayQuo score which is based on the payment experience of the business but is very useful for suppliers who want to know the creditworthiness and paying ability of their potential customers.

With all of these options and many more on the market, it is relatively easy to find business credit information on nearly every business operating in the United States. Just remember that this information may not always be completely accurate or up to date.

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