Avoid the Curse of No Records
We've all been there. You take a credit application from a small business that may not have been in business for a long time, or perhaps the owner has not made the effort to establish a separate credit record for his or her business. When it comes time to run their business credit report, you find that your credit data provider has little or no information on your applicant. Frustrating right?
It's also costly. You might decide to try pulling another credit report from another provider in hopes that they have sufficient insights into the applicant company's credit history. Hopefully, the second time is the charm and you don't need to order a third report from yet another provider. Even worse, you could end up declining the application or under-qualifying them for a credit line that would have generated significant revenue for your company. You even run the risk of turning what could have been a loyal customer into a client of one of your competitors.
The reality in the business information industry is that no data provider has all of the available information on any given business. Each provider has different information. Each has areas of strength and weakness. It's common to find data in one bureau when the others are lacking information. Unlike consumer credit, most business creditors only report to one bureau if they report at all.
Avoid the curse of finding no record or thin data on your applicant. Business Credit Reports gives you the benefit of accessing the best business credit data sources available in one order, on one report, with a single charge. It can be like pulling three or four different credit reports, but without the additional cost and time required.
Business Credit Reports works with the best business information providers, including D&B, Experian, Equifax and EDGAR. BCR's Advantage Plus report provides business credit information from Experian and Equifax, financials from EDGAR and demographics from D&B, all for about the cost you'd otherwise pay for a single-source credit report elsewhere. BCR offers over a dozen different merged report products for various credit decision scenarios. For evaluation of sole proprietorships and brand-new companies, BCR also provides blended and consumer/business owner data and scores from Experian, TransUnion and FICO.
If you pulled a report from D&B, Experian or Equifax and did not get enough information on a small business, contact us. We will check ALL databases (D&B, Experian and Equifax) and we will provide you with a FREE business credit report to demonstrate the power and value of using BCR as your business credit information provider.
Let us help you approve more good deals, see what you are missing…call or email us today.