What are the Credit Reporting Agencies for Businesses?

Building a business credit score is essential for every small business. According to a survey done by Manta in 2016, 72% of small business owners do not even know their credit score. Many are not even aware they have a separate business credit score. Borrowing money to grow your business is only one reason to focus on building your business credit score; the other is that without a strong credit score, you may miss out on business opportunities. Your credit score determines whether others decide to do business with you or to extend you credit, especially for large projects. Make sure you have a business credit file started, and start building your credit score now. Your business credit file uses your federal employer identification number (EIN). If you have multiple businesses, each has a separate EIN and credit file.