If you are a business owner in the United States, you know that one of the most important things you can do for your business is to get a business credit report. This report will show potential lenders how well you have managed your business finances in the past and will give them an idea of whether or not you are a good candidate for a loan.
While you can get a free business credit report from the top major credit reporting agencies, you may not be getting the full picture. Business Credit 2.0 is a new way to get a business credit report that uses artificial intelligence (AI) to give you a more complete picture of your business finances.
With FairFigure, you will not only get a report from the three major credit reporting agencies, but you will also get a budget advisor, business evaluation, networth estimation, and an online professional appraiser tool. This service is completely free and will give you the tools you need to make informed decisions about your business finances.
If you are looking for funding for your business, Business Credit 2.0 can also help you. They offer funding from $2000 – $2000000. With their help, you can get the funding you need to grow your business.
How to secure and increase the business funds from Credit Report agencies
Credit Report agencieshelp business owners understand where they currently stand and what changes they need to make to improve their businesses. Every day, hundreds of business owners are applying to Credit Report agencies to get access to business credit information for their business. These credit reports are a summary of what your business has been doing over the last six months or so. You will have access to information about the overall health of your business – and your personal credit score will determine what type of loans you are eligible for.
Often, business owners do not understand the four different types of reporting that all three Credit Report agencies do. We have already talked about the “hard look,” which occurs during an application for business credit. Next is the “Soft Credit Score,” which are the assessments made by the credit reporting agency. There is no hard money check you can take to verify these soft scores. You will get a business credit score, which is the sixth most important element of your credit report.
After you have applied for and been approved for a business credit card, you will have a “payment history” section on your report. This is where you can see how often you have made your minimum payments on time. The payment history is the fifth most important element in your report. You can also see how your business has been paying its bills over the last six months with the “trade lines” section. The trade lines are the fourth most important element. This is where you can see the credit limit, payment terms, and balance for each of your creditors.