The essential effect of credit rating to business is no longer secret. The credit rating companies play an important role for credit approval. The score that they give between 1 -100 could be a death penalty for bad rating company, and could be the breeze from heaven for company rated 80 or higher. It is important for entrepreneur to have basic knowledge of credit rating companies.

The names that well known as the agencies for credit rating of business credit line are: Experian, Dunn and Bradstreet (D&B), Client Checker, Business Credit USA, Equifax, and FDInsigh. These company has their own method in rating and giving grades to rate companies, but the purpose information to be collected is basically are the same. They are aiming to know how good is the repayment of credit, how the financial profile of borrowing company (net worth compared to the amount of outstanding debt), the history of the approved credit up to date, your company income, etc.

These companies have their own specialist in corporate credit concepts. Some concentrates on small business, other takes the more established ones. Make sure to check on their website what the main criteria in their grading system. By understanding the criteria, you can improve your corporate credit rating.

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