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Equifax is another respected name among business credit bureaus with its Equifax business credit reports. Equifax Business Credit Scores are a compilation of reports on small business lenders and lender credit history information, as well as data on liens, bankruptcies, and lawsuits. As one of the top 3 business credit reference agencies, Equifax is a reliable business credit bureau. There are many business credit bureaus that provide business credit reports, but the largest and most important of the group are Dun & Bradstreet, Experian and Equifax.

Business credit reference agencies collect data from a variety of sources, including information from lenders about payment history and information from other creditors, such as providers. Certain business credit scores take into account business and personal credit reports. Business credit reports contain specific information about the company, such as property information, subsidiaries, company finances, risk scores, and any liens or bankruptcies.

The most important factors with qualifying companies are usually how you pay your bills, how much debt you have, and what kind of industry you’re in. In general, business credit scores have fewer variables than FICO scores and it is easier to improve the score for a company than for an individual. Business credit reports are beneficial for helping you separate your business and personal finances, which is especially beneficial when it comes to credit.

If you’re a business owner and want to build solid business credit, read on to learn more. Business credit allows you to separate your personal and business financial obligations. Your company’s debts are reported on your small business’s credit reports, preventing your personal credit score from being affected by financial issues your business may face and vice versa. But an Equifax corporate credit report has the added benefit of providing credit risk scores and business failures, which you don’t get with the other credit bureaus.

Anyone can check business credit scores and reports, even competitors, to gain insight into a company’s financial situation. Each of the corporate credit bureaus offers premium reporting services that can provide in-depth analysis to manage credit risks and business forecasts. Personal and business credit scores driver’s license checks are available through a variety of online sources. With personal credit scores, it’s a legal requirement that credit bureaus provide you with a copy of your credit report for free. If you have reported tax issues, such as not paying state taxes and/or labor taxes, it may affect your business credit report.