Assessing Your Business’ Credit Status
The Business Credit Success Scan™ is complimentary (provided at no cost($0) to you) and does NOT affect your personal or business credit profiles or scores. The scan queries the same databases that lenders use to assess your business credit ratings. Amongst other items, the scan checks the Experian Business Credit database to find out several key details:
- Whether your business has an active credit history file.
- If your business name, entity type, and location are correctly listed.
- The number of reporting tradelines associated with your business.
- Whether your business has a credit score and a complete credit profile.
Business Lender Compliance Status (BLCS)
There are @20 compliance items that, if not addressed, can categorize your business as a potential high risk for default or lead to outright declines. Many business owners are unaware of these requirements or how to fulfill them. The scan provides a detailed status report for each compliance item along with step-by-step instructions for successful completion.
Promotable Online Presence (POP)
Most lenders bundle and sell their loan portfolios in the secondary market, with the rates they receive influenced by the types of loans and the associated default risks. By 2025, a growing risk assessment tool known as “Business Web Presence” will be used by business lenders to evaluate how your business is represented online. The scan reveals your status regarding several important factors:
- How do automated internet promoting robots view your web presence?
- What is your business’s online reputation, rated on a scale of say 1 to 5 stars?
- Is your business effectively represented on social media?
- Does your business have listings on Google Business and Facebook Business?
NAP Validation1
The NAP acronym stands for Name.Address.Phone and involves checking the top business listing directories to ensure that your business is accurately represented. The scan will verify if your listings are present, if all information is correct and current, and if the directories have been visited and claimed. You’ll receive detailed insights for platforms such as Google, Facebook, Yahoo, LinkedIn, Better Business Bureau, Chambers of Commerce, Bing, and more. NAP Validation has emerged as a crucial underwriting tool for many lenders, as businesses that do not validate their NAP information are deemed to be at a higher risk of default.
Once the scan is complete, you’ll see the funding programs for which your business has pre-qualified, allowing you to easily choose and apply for the relevant options, granting you immediate access to over 20 distinct business financing programs from numerous lending sources.
The results of the scan will facilitate your application process and automate document collection for the programs you pursue.
For more information on BusinessMoney.broker’s Business Credit Building features and benefits please visit our expanded and integrated Business Credit Building Platform.
- Simple yet most business owners unaware of significance when applying for business loans ↩︎
BusinessMoney.broker 