In this training, video were going to talk about How to set up with Dun
& Bradstreet by the end of this training you’re going to know the Step by Step
process to setup Business Credit Profile for your EIN
does not link to your Social with the biggest business
credit reporting agency in the world Dun & Bradstreet. Now
D&B get this information from a lot of different places
including Utilities Company, Landlords, the Secretary
of the State, a companies that help new businesses get setup,
Insurance and benefit providers even in a lot of places on the internet like
Facebook Page or Website even Yellow Pages so
because they’re so many places that get data from
you’re going to find a lot of this appearing on your Commercial
Credit Report now one of the first things you want to do is see if you have a
record or setup with D&B now this is completely
free to do, you could try their iUpdate
service which is also use to update information with Dun &
Bradstreet or you could just visit creditsuite.com/reports
and there you’ll see a link for D&B that you could
check and once you check that link you will see if they know you exist
you will see if you have a profile created
you will even see if you have trade lines established with D&B
you can also visit their website directly dnb.com.
Now if your search doesn’t show that you have Duns Number
you’re going to get one set up and we created a quick link for you at
creditsuite.com/DUNS to be able to get this
done. Now the DUNS number is a nine-digit number
assigned to every different location in D&B
database that becomes very important because if you have every had a change
of address, you need to use D&B iUpdate system to notify
them or there’s a good chance that you can actually could create multiple
different profiles with them,
now you need to have a DUNS number because there’s one of two requirements
to get your Paydex Score with Dun & Bradstreet, the Paydex
Score is the most common score used in the commercial
lending credit-issuing world so it is very important
that you get that established. Now during the DUNS number set up
process there going to ask you for a lot if information if you are a government
contractor you’ll going to typically get your DUNS number
in about 1-2 weeks if you select that you are not it could take up to
30 days to be able to actually get your
DUNS number you also should know the Dun & Bradstreet going to try to call you
during this time to sell you their credit build their program
is not something you need that something to help you
add accounts to your D&B credit profile that
that you already have but again a lot accounts can be add, you can add
a bank credit, you can add lease payment, you can add rent
payment or mortgage payment you can add
a credit that you have with utilities
so a lot of the things you like to add you are not able to add using credit
builder and again you can get your Duns Number for free and
activate your Credit Profile for free so by avoiding that,
that can save you about fifteen hundred dollars a year now there are two
ways to established initial credit with Dun & Bradstreet, one a
doesn’t required any kind credit check one does so if you have
good personal credit or guaranty that does
then you really should check out that credit line Hybrid Program because with
this you’re getting no-doc financing that’s unsecured
you can get approved business startups you can approved for as much as a
$150,000 you get zero percent
rates for up to 18 months for this program and can
take cash out and many of these accounts
report to the business credit reporting agencies so no-doc
credit lines that help you build business credit really good
way to go to jump-start your business credit profile with D&B you can give us a ring
877-600-2487 or scheduled
time at creditsuite.com/consult
to get approved for this, you can just get approved directly at
creditsuite.com/getfunding now there is another way to
established initial business credit with profile with D&B and that’s using
vendor credit so these doesn’t
require a good personal credit check or just require a good personal credit
or a personal credit check doesn’t require a guarantee these are
using vendors like Uline and Quill that
report to D&B you’re getting credit within your using
your credit you’re paying the bills on time that credit report to Dun & Bradstreet
and when you have three accounts reporting with them
that will established your credit profile and score with Dun & Bradstreet
there’s two things you need to get that Paydex Score with D&B
you got to have that DUNS number you also need to
have three accounts reporting with Dun & Bradstreet to be able to get that Paydex
Score issued so for more information for more tips on
building business credit visit creditsuite.com/tips
you could also give us a ring at 877-600-2487
will do a free search with the business credit
reporting agencies for you help you get your business credit reports for free
do a fundability check for free to check records like
a secretary of state to see how fundability your businesses is
and also give you an idea of all the funding that you can qualify
for now. So for all of that for free give us a ring at
877-600-2487.