Build your business credit
Get credit for your EIN that is not linked to your social security number.
To run and build your successful business, you need to qualify for loans and lines of credit with the best possible loan rates. Business credit is essential for this to happen, helping you access money even when you can’t qualify for a loan.
Funding Hall helps you:
- Configure your business to meet the credibility standards of lenders and credit issuers for automated approvals
- Set-up & activate your credit profile with Dun & Bradstreet, Experian, and Equifax Commercial and get your free D-U-N-S number (which is essential to building great business credit)
- Get initial business credit to build your business credit reports without a personal credit check
- Obtain business credit without a consumer credit check or a personal guarantee
You can also monitor your business credit reports and scores in real-time with our Dun & Bradstreet, Business Equifax, and Business Experian monitoring integration, powered by Nav.
Once you are established with the commercial reporting agencies, we will help you access multiple revolving credits with limits between $ 5,000 and $ 50,000.
Types of credit we help you access:
- Commercial credit in stores with many major national retailers
- Fleet credit for fuel and vehicle repairs for your primary vehicle, and a fleet of commercial vehicles
- Cash credit, including Visa and MasterCard, accounts that you can use in most parts of the world
- Vehicle financing to buy or lease your primary vehicle or a fleet of vehicles, on behalf of your company
At Funding Hall, we provide you with the greatest access to real, usable, unsecured credit through our revolutionary Business Credit Builder. This gives you the money you need to run your business, expand it, and make your business more profitable and productive, so you have the money you need and the time to enjoy it.
In addition, we offer our own white label partner program where you can get the ability to offer business credit and finance package to your clients!
Benefits of commercial credit
Quickly build your business credit in 4 steps
Step 1. Build business credibility
Once your initial business credit is established, you will begin to have access to high-limit revolving credit cards in your business name that are linked to your EIN number, not your SSN. This credit does not require a consumer credit check or a personal guarantee for approval. You will be able to ensure:
- Commercial credit in stores with many major national retailers
- Fleet credit for fuel and vehicle repairs for your primary vehicle, and a fleet of commercial vehicles
- Cash credit, including Visa and MasterCard, accounts that you can use in most parts of the world
- Vehicle financing to buy or lease your primary vehicle or a fleet of vehicles, on behalf of your company
Our Business Credit Builder helps you get credit with places like Amazon, Walmart, Dell, Apple, Costco, Sears, BP, Chevron, Sprint, and most large retailers with individual credit limits of $ 10,000 to $ 50,000. In addition, you can see the subscription guidelines of each credit issuer, so you will know that you can be approved before requesting it.
You’ll also have access to high-limit revolving fleet credit cards that you can use at various locations for all types of vehicle needs, including vehicle maintenance, tires, fuel, and even major repairs. Fleet credit helps you cover your individual motor vehicle expenses, as well as those of managing a fleet of vehicles.
Plus, you’ll get access to CASH revolving and high-limit credit cards that you can use at most stores around the world. These Visa and MasterCard credit cards do not require a personal credit check or a personal guarantee for approval.
And, through your financing package, you can get approval for motor vehicle financing that does not require a personal credit check or a personal guarantee for approval. You can access multiple sources of financing and finance one or more vehicles on behalf of your business without the need to report consumer credit.
We help you through the entire process of building business credit, from obtaining initial vendor accounts to starting business credit, obtaining high-limit store and fleet credit cards, to obtaining approved for a cash credit and motor vehicle financing, all of which do not require a personal credit check or personal guarantee.
Step 2. Establish business credit reports
Through our Business Credit Builder, we help you set up and activate your credit profiles with Dun & Bradstreet, Experian, and Equifax Commercial, as well as access your free D-U-N-S number with D&B.
Furthermore, the Commercial Credit Builder is the only place where you can access your Experian Smart Business data at no cost, and continuously monitor it. And you can also enjoy our unique credit monitoring integration with Dun & Bradstreet and Experian that is powered by Nav.
In this way, you can monitor your business credit building in real-time and receive email alerts when new accounts are added, monitoring your operations as they are added to your report.
Funding Hall helps you:
- Set up with D&B, Experian, and Equifax
- Access Experian’s smart business data at no additional cost
- Get the company’s exclusive credit report and score training
- Use your Experian and D&B credit reports and scores through Nav
Even a derogatory item on your business credit reports can get you denied loans and credit cards. Your Business Credit Builder provides you with an easy way to dispute and fix inaccurate and damaging information in your business reports with D&B, Experian, and Equifax, so you can have a strong business credit profile and score to get approved for the greatest number of money on the best terms.
We help you get established with business reporting agencies initially, fix credit inaccuracies, and monitor your business credit as you start getting high-limit revolving credit and auto loans.
Step 3. Obtain initial business credit
Getting approved for initial business credit when you don’t have a report now is where most business owners fail to build business credit. This is because more than 97% of commercial sellers do not report to commercial credit reporting agencies.
Funding Hall helps you get real usable credit with business providers who will give you EIN credit without a personal credit check, even when you don’t have any reports on your business reports right now.
These commercial vendors provide products and services that you use now and give you credit that helps ease cash flow restrictions. Here’s what you should know about the business credit we help you secure:
- Get approved, even as a start-up company
- There are no cash flow requirements and no bank statements or tax returns are required for approval.
- This credit is not guaranteed and a guarantee is not required for approval.
- Get approved without a personal credit check or personal guarantee.
Your new credit reports to Dun & Bradstreet, Experian, and Equifax Commercial help you establish your initial trade lines, reports, and scores with the three major reporting agencies, which are necessary to start earning store, fleet, and credit. cash.
If you have good personal credit, you may also qualify for our unsecured business financing program, which you can enjoy:
- Unsecured cash lines of credit up to $ 150,000
- 0% interest rates for 6-18 months
- Approvals without doc where you can get approval even as a start
Whether you use our vendor accounts to build your initial business credit or take advantage of our unsecured business financing program, you will get your initial business credit profiles and scores. established with D&B, Equifax and Experian, so you can start securing revolving credit High-limit stores, as well as fleet and cash sources, without a personal guarantee or credit check.
Step 4. Get revolving credit
Once your initial business credit is established, you will begin to have access to high-limit revolving credit cards in your business name that are linked to your EIN number, not your SSN. This credit does not require a consumer credit check or a personal guarantee for approval. You will be able to ensure:
- Commercial credit in stores with many major national retailers
- Fleet credit for fuel and vehicle repairs for your primary vehicle, and a fleet of commercial vehicles
- Cash credit, including Visa and MasterCard, accounts that you can use in most parts of the world
- Vehicle financing to buy or lease your primary vehicle or a fleet of vehicles, on behalf of your company
Our Business Credit Builder helps you get credit with places like Amazon, Walmart, Dell, Apple, Costco, Sears, BP, Chevron, Sprint, and most large retailers with individual credit limits of $ 10,000 to $ 50,000. In addition, you can see the subscription guidelines of each credit issuer, so you will know that you can be approved before requesting it.
You’ll also have access to high-limit revolving fleet credit cards that you can use at various locations for all types of vehicle needs, including vehicle maintenance, tires, fuel, and even major repairs. Fleet credit helps you cover your individual motor vehicle expenses, as well as those of managing a fleet of vehicles.
Plus, you’ll get access to CASH revolving and high-limit credit cards that you can use at most stores around the world. These Visa and MasterCard credit cards do not require a personal credit check or a personal guarantee for approval.
And, through your financing package, you can get approval for motor vehicle financing that does not require a personal credit check or a personal guarantee for approval. You can access multiple sources of financing and finance one or more vehicles on behalf of your business without the need to report consumer credit.
We help you through the entire process of building business credit, from obtaining initial vendor accounts to starting business credit, obtaining high-limit store and fleet credit cards, to obtaining approved for a cash credit and motor vehicle financing, all of which do not require a personal credit check or personal guarantee.
Business credit score
5 incredible ways to get free credit for businesses
Get a Free Credit Score for Your Business – We Show You 5 Easy Ways to Do It
You can get a free credit score for the business. There are 5 that entrepreneurs must understand.
Keeping your credit scores high is essential, so make sure you don’t miss out on any of them. You must be proactive in earning and improving any free credit scores for the business.
- 1. The Dun & Bradstreet PAYDEX
- 2. Experian Credit Scores
- 3. Equifax Business Credit Scores
- 4. FICO Business Credit Scores
- 5. SBA credit score
Dun & Bradstreet’s PAYDEX score ranges from 0 to 100. This score is based on the payment data that is on the report to the office. Or it’s in the report to the data collection companies that partner with the CRA.
D&B uses this data, along with a credit score and a financial stress score, to advise on the credit a loan provider should extend to your business.
Get a free credit score for PAYDEX D&B businesses
To get a PAYDEX score, you need to request a D-U-N-S number using the Dun & Bradstreet website. The number is free. Besides, the CRA will require you to have reports of your payments with four or more merchants.
Your company’s PAYDEX score reveals whether your payments are normally made promptly or ahead of schedule. As you can expect, a higher number is better.
Information about the PAYDEX score
The scores are broken down as follows:
80 – 100: Low risk of late payments
50 – 79: A medium risk of late payments
0 – 49: A high risk of late payments
D&B Business Credit Scores
Your company’s credit rating ranges from 1 to 5. 1 is the best score. This matches your business with other companies with comparable payment histories. The score shows how often those companies tend to pay without delay.
This information can help loan providers identify the status of their business. However, it doesn’t actually show every single payment record for your company.
Financial stress score
The financial stress score also ranges from 1 to 5. It matches your business with other companies that share comparable financial and business characteristics.
These similarities are in areas like size or length of time in business. This score shows how regularly those businesses tend to pay on time. As before, 1 is the best score. This score is a more comprehensive examination of the business landscape, versus an analysis of your company’s actual payment history.
An incredible PAYDEX score for your business is 80-100.
What is the Free Intelliscore Plus Business Credit Score?
The Intelliscore Plus Credit Score is a statistically-based credit risk assessment. The essential purpose of Intelliscore Plus is to help companies, investors and potential future loan providers make sound judgments about who they should and should not do business with.
In the same way that an auto dealership uses a customer’s FICO score to quickly identify how much credit risk a potential customer may have, the Intelliscore Plus credit score can provide insight into how much credit risk a business or owner may have of a business.
Intelliscore Plus Credit Score Range
Intelliscore scores range from 1 to 100. So the higher your score, the lower your risk class. The table below details each Intelliscore Plus credit score range, as well as their associated meaning.
Score range/risk class
76 – 100 Low
51 – 752 Low – Medium
26 – 503 Medium
11 – 254 High – Medium
1 – 105 High
Calculating an Intelliscore Plus Credit Score
In the credit world, Intelliscore Plus is considered one of the most reliable instruments for effectively forecasting risk. Among the ways that Intelliscore Plus maintains this claim to fame is by recognizing the important variables that show whether a business is likely to pay its debts.
Although there are more than 800 business and owner variables that make up an Intelliscore Plus credit score, the variables can be broken down into these essential elements:
Payment history
The bureaus call this “recency”, however in the real world, it is nothing more than your current pay status. This includes the number of times your accounts become delinquent, the number of accounts that are currently delinquent, and your overall trade balance.
Frequency
Similar to payment history, frequency determines the number of times your accounts have been sent for collections, the number of liens and judgments you may have, and any bankruptcies that relate to your business or personal accounts.
The frequency can also include information related to your payment patterns. Were you regularly slow or late with the payment? Did you start paying expenses late, but eventually stopped? These variables will certainly be taken into consideration.
Monetary
This particular facet focuses on the exact way that credit is used. For example, how much of your offered credit is currently in use? Do you have a high bad debt balance ratio compared to your line of credit?
If you are about to start a business or are fairly new to this game, the above list may seem a bit overwhelming. If you haven’t started or don’t have a long history of business purchases, how exactly will Intelliscore Plus rate you?
Intelliscore Plus handles these situations using a “mixed model” to develop your score. This means that they take your consumer credit score into account when determining your company’s credit score.
Equifax then sectors about five separate scorecards, using statistical analysis. To improve your accuracy, Equifax suggests combining your Credit Risk Score with its exclusive Equifax Bankruptcy Navigation Index.
The Bankruptcy Navigator Index helps forecast the probability that your business will file for bankruptcy in the next 24 months. Equifax bases its prediction model on more than 270 million different accounts.
Equifax shows three different determinations of the company on your business credit reports. These are the Equifax Payment Index, your business Credit Risk Score, and your Business Failure Score.
Equifax Pay Index
Comparable to the PAYDEX ranking, the Equifax Payment Index, which is measured on a scale of 100, shows how many of your company’s payments were made on time. These include the details of the credit providers and suppliers.
However, it is not indicated for forecasting future habits. That’s what the other two scores are for.
Equifax Credit Risk Score
The Equifax Credit Risk Score looks at the likelihood that your business is far behind on payments. Scores range from 101 to 992, examining:
The credit limit available on revolving credit accounts, for example, credit cards
The size of your business
Proof of any type of non-financial transaction (for example, vendor invoices) that are in arrears or have been collected over two or more payment cycles
Time elapsed since the opening of the first financial account
Equifax Business Failure Score
Lastly, the Equifax Business Failure Score looks at your business closure risk. It goes from 1,000 to 1,600, evaluating these aspects:
Total balance up to total current credit limit average utilization in the previous three months
How long has it been since you opened the oldest financial account?
The worst pay status of your business in all trades in the last 24 months
Documentation of any non-financial transactions (for example, vendor invoices) that are past due or has been charged for two or more billing cycles.
Equifax Score Analysis
For credit risk as well as business failure scores, a score of 0 means bankruptcy.
An amazing Equifax score for your business is as follows:
Payment index 0 – 10
Credit score 892 – 992
Business failure score 1400 – 1600
Business credit providers use the FICO SBSS score as a tool to determine if they should authorize a loan to your business at all.
The SBA also uses this score to authorize or approve business loans. It is based on the credit history of your business and consumers, and not just the financial health of your business.
The score is a factor in evaluating the risks inherent in your company’s credit applications. With SBSS, lenders make their determinations in hours, instead of days. Lenders are more confident in their loan judgments, and your business gets faster decisions on loan applications.
SBA involvement
The small business FICO score or SBSS score is the main figure the SBA thinks of when it thinks about approving a loan, especially when it comes to SBA 7 (a) loans.
FICO SBSS Score Calculation
The FICO SBSS score shows the likelihood or likelihood that you, the candidate, will cover your monthly bills on time. The score ranges from 0 to 300. A higher score means less risk and typically leads to more favorable credit terms. The score originates from your business, as well as a personal credit usage history along with your business financial data. Variables also include the age of your company, and your years or full time in business.
Since 2014, all SBA 7 (a) loans must go through a re-assessment of the company’s credit score, as well as for SBA loans, you may not be able to get approved if you score below 140 However, the cutoff was typically set at 160, and a score below 160 often signified rejection. Many lending institutions only accept scores above 160 or 180, to lend up to a million dollars. But a score lower than 160 or 180 can still qualify for a smaller loan.
The formula for the FICO SBSS score is as follows:
Dun & Bradstreet’s PAYDEX Scores Last Year
The amounts and types of any judgment against your company
The amounts and types of any liens against the real or personal property of your company.
The available resources of your company
The benefit of your company
More other less distinctive monetary information
If you don’t have any company credit documents and have had a modest or short time in business, then the highest possible FICO SBSS score you can anticipate is 140.
Use and types of SBSS model lenders
The FICO SBSS score includes the option to opt for certain market-specific models to improve and refine decision-making. For example, one model is the agricultural lease and loan. Another model was developed especially for Canada. Also, the SBSS rating insights support the information repositories of the SBRI (Small Business Risk Insight, Dun & Bradstreet) and the SBFE (Small Business Financial Exchange).
SBSS model validation is required for lines of credit, business cards, as well as term loans up to $ 1 million. If you are asking for a million dollars or less in bank financing, then chances are your SBSS score will be reviewed.
The type of information in the score
SBSS provides business credit issuers with different mixes of information to ensure that they can analyze your business’ credit risks. For example, a specific credit issuer may choose to only evaluate application data from a concept owner, or the credit issuer may choose to consist of information from one or more business offices.
Or the credit issuer can only decide to prioritize one item over another. This intelligent classification originates in several commercial offices in an automated way, in any type of order, or with the priority chosen by the credit issuer. As a result, if the credit issuer chooses Dun & Bradstreet’s PAYDEX score as its default, the SBSS will pull that data set.
SBSS Credit Supply Index: How It Works and Why It Matters
The credit index is an aspect of the FICO SBSS credit score for your small business, designed to help credit issuers understand your ability. It works as the standard against all businesses with comparable profiles.
The SBSS Credit Offering Index includes financial application details, business office documents, and credit bureau information for consumers. It provides a percentage ranking of the present against other smaller companies with identical or similar characteristics and the totals of money requested from all those companies.
The updated SBSS
Information agencies like Experian are pushing the new FICO SBSS scoring model. The SBFE data can be used to prepare charges, bankruptcy, or more than three cycles of delinquency or misconduct over a two-year duration.
Her overall stats on her $ 60 billion-plus profile show that companies with ratings equal to or higher than the assigned limit will have excellent payment histories. So in a way, this isn’t a free credit score for businesses, it’s more of a score derived from other scores.
How can a business’s credit score be improved?
The big question has arrived, and while there is no golden fix, these concepts can definitely help you increase your score.
Make your payments on time
Your payment patterns and history are a driving force in your overall credit score. Over time, paying your bills promptly will help establish your business as one that pays its financial obligations. This will inevitably help raise your rating, as well as show other companies that you are low risk.
Control the relationship between your debts and your income
The more debt you have, the more bills you will have and the less disposable income you will have. If your total debt approaches or exceeds your income level, then it is more than likely that you are viewed as a high risk.
Keep your financial obligations under control and pay them consistently to maintain a healthy balance between what you earn and what you owe.
Use your credit
Keeping financial obligations low is still good advice. Still, sensibly opening and benefiting from business credit accounts can help you expand your available credit and improve your credit score.
Maintain a healthy personal credit profile
By now, you know that your personal credit is fair game when it comes to your Intelliscore Plus score. Running a business is hard work, however, don’t let your personal finances suffer. Make sure you keep up with your individual monthly bills, don’t make unnecessary credit inquiries, and don’t compromise your personal credit for business needs.
Check your credit reports
Regardless of your credit score, you must continue to be vigilant and evaluate your personal and business credit reports. This can help you locate potential problems and stay informed about your credit profile.