Business credit ebook

BUSINESS CREDIT is the ability of financing. Businesses

have credit reports and scores just like people do. Business

credit bureaus Duns & Bradstreet, Experian, and Equifax all

keep a record of debt payments and other credit

information on businesses.

NET-30 account is one that extends you 30 days to pay the

bill in full after you have purchased products. It is vendor

credit that allows you to buy now and pay later. Vendors

that report those payments to commercial credit agencies

help your company establish strong business credit.

PAYDEX SCORE is a business credit score, similar to your

own personal credit score. It is issued by Dun and

Bradstreet (dandb.com) and represents how likely it is that

your business will pay vendors and suppliers on time. While

your personal credit score ranges from 0 to 850, your

Paydex Score ranges between 0 to 100. With 80 business

credit score is rated as good credit. (Equivalent to 700

credit score in personal credit.