What’s in your business credit report? Knowing what lenders see when they’re making financing decisions about your business can help you better prepare before applying for credit.

Here are a few things to know about your business credit report.  Plus, we cover seven websites that offer reports, including five where you can get a free report.

What is in a Business Credit Report?

Credit bureaus track business credit activity through your EIN (employee identification number); or, if you have one, your DUNS. number. Business credit reporting agency, Dun & Bradstreet, issues this identification number, and it’s free for businesses that have to register with the federal government to receive contracts or grants.

This information helps build your credit report, which contains details on reported past and current borrowing arrangements. These include business loans, credit lines, credit cards, and mortgages. The report may also include information on judgments, liens, and any accounts that may have gone to collections agencies. Your business credit report will also include a credit score, which generally represents how the issuing agency views your business’ ability to make payments on time and in full.

Where to Check Your Business Credit Score

Business credit reports are complied by three companies:  Experian, Equifax, and Dun & Bradstreet. To get your business credit report, you need to request a report from one of these three agencies, or through a third party. When requesting your business credit report, you’ll need to provide basic information including your business name, address and contact information. Specific requirements could vary by reporting agency.

7 Business Credit Report Providers

If you’re curious about what’s in your business credit report, check out these seven providers – some of which offer reports for free!

#1. Experian

One of the better known personal credit bureaus in North America, Experian, also offers paid business credit reporting services. Experian provides a one-time business report which includes a credit summary report, credit score, and business summary for one business. Or, you can choose a monthly or annual service with the ability to check and monitor your own business credit reporting and business information in real-time.  Through the service, you can also check details on other businesses, such as potential partners or customers.

#2. Equifax

Operating across the globe, Equifax offers an entire suite of business credit reporting services for businesses large and small. While they don’t currently offer a free business credit report, they do off reports for a fee.  In addition, their Business Risk Monitor for Small Business service provides public record, credit, and risk score email alerts to notify customers of activities and inquiries impacting their business credit in these areas.

#3. Dun & Bradstreet

D&B Credit Insights lets you monitor changes to your Dun & Bradstreet business scores and ratings; and can notify you – either through email notifications, or via an app – when someone else requests access to your business score. They have three subscription options ranging in cost from free to $149 per month.  Take note – while your Paydex score is available through all three subscription options, if you are looking to specifically access your D&B rating, you’ll need to opt for one of the paid subscriptions.

#4. Nav

Credit monitoring system, Nav, gives both individuals and businesses access to free credit summaries. Check your business report summaries from Experian and Dun & Bradstreet — you don’t even need to provide a credit card number to do so. Yet, bear in mind that these are only summaries. If you want access to more detailed business credit information, you’ll need the paid service.

#5. Data Axle

Data Axle (formerly Credit.net) provides purchases of one-off credit reports as well as two credit monitoring subscription options – a monthly plan or an annual plan.   With the subscription options you receive unlimited searches and downloads of credit reports.   If you opt for purchasing a single report, upon your first purchase you will receive a second report for free.

#6. CreditSafe

Here’s another online option that lets you access a free report before committing to a longer-term paid arrangement. With a CreditSafe free trial, you’ll have access to credit scores and limits, company financials, adverse credit insights and more for not only your own business, but other businesses as well.  With your free trial you’ll be given access to view up to five domestic credit reports.

#7. Tillful

Tillful is on a mission to help small businesses reach their full potential by giving them free access to their credit score so owners know where they stand when it’s time to get business financing. With the Tillfull business credit reporting ecosystem, you can access your credit score and learn how it’s measured. You can also connect as many bank and business credit accounts that you want to get a holistic view of business credit.  You can access this system as often as you’d like and you can even sign up for email monitoring alerts to let you know in real-time when a change has been made.

How Lenders Use a Business Credit Report

Lenders use the information in your business credit report to help inform financing decisions for credit applications from businesses. They may take into account your business credit score, payment history, length of credit history, and any derogatory or negative information.

Why You Should Check Your Business Credit Report

It’s important to review the information on your business credit report for accuracy.  If you find that it is not, contact the reporting agencies to have it corrected as Incorrect information could negatively impact a number of areas of your business including the ability to secure a business loan or other business financing

Knowing what lenders will see on your report can also give you the opportunity to prepare to explain any unusual or less-than-desirable information on your business credit report. And it also gives you an idea of areas for improvement, such as paying bills on time or keeping credit card balances within limit.  These steps could make it easier to qualify for business financial vehicles like a term loan or business line of credit.

Why You Should Check Your Business Credit Report with Multiple Bureaus

Business credit reporting bureaus develop calculations to measure your business credit score.  However, these calculations vary from bureau to bureau, so your business credit report may be slightly different with each bureau.  Checking your report with different bureaus can help you determine your business’ creditworthiness while also letting you review each report for accuracy.

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Business Credit Report FAQs

How long does information stay on my business credit report?

The length of time information stays on your business credit report varies. According to Experian, trade data and leasing data can stay for up to 36 months, while negative information like judgments, tax liens and collections can last for over six years. Bankruptcies can stay on business credit reports even longer, lasting 7-10 years. The long-lasting effect of negative information o n business credit scores is one reason why regularly checking your report for errors is so important.

How accurate is a business credit report?

The accuracy of a business credit report depends on the reporting agencies and the information provided by creditors. Because mistakes and errors happen, you should regularly review your business credit report through multiple bureaus to verify the information listed is correct.