What are Business Credit Reports?
These are reports produced by business credit bureaus highlighting a business foundation, and reporting business credit history, scores and ratings. These reports are compiled to help lenders and business owners access risk.
What does it mean to build a Business Credit Profile?
A business credit profile is all the information included on all your business credit reports including all your business tradelines, business information, and business credit scores. Building your business credit profile means to improve accuracy and accumulate positive experiences and information which present your business in a favorable light.
Is there such a thing as a Business Credit Inquiry?
You may be wondering: do business credit inquiries hurt my credit? Unlike with personal credit, anyone can pull your business credit reports. This does result in inquiries.
However, unlike with personal credit, business credit inquiries don’t negatively affect your Fundability or business credit scores with each business credit bureau.