Free Business Credit Check

A small business credit score is based on a similar rating model as a personal credit score. However, the main difference is that a personal credit score typically ranges from 300 to 850, while most business credit scores range from 1 to 100.

Note that each business credit bureau has its own unique rating system. Dun & Bradstreet and Experian Business, for instance, range from 1 to 100, while Equifax Business ranges from 101 to 992.

Therefore, what’s considered a good credit score will depend on the specific business credit reporting agency you use. But as a rule of thumb, if you can get within the top 20-25%, you should be in pretty good shape.

For example, a Dun & Bradstreet PAYDEX® Score of 80 or higher is typically regarded as a good business credit score, and an Experian Intelliscore Plus score of 76 or higher is considered good.

As for the Equifax Business Credit Risk Score, you’ll want to aim for 700 or higher.

As mentioned earlier, business credit check inaccuracies are more common than you may think, with around 25% of small business owners spotting an issue on their free business credit report.

As for the reasons why credit report inaccuracies occur, there are a few common scenarios.

One is simply an error when entering data, such as a business name, contact information, and financial credit information. This can be the result of human error when manually entering credit history information, or it can stem from an automatic data entry error.

Another common reason is when information becomes outdated. Say, for example, a small business changes its name or location or merges with another company. This can potentially lead to business credit information inaccuracies.

Some other scenarios can include:

- Vendor/supplier mistakes when reporting data to business credit bureaus
- Public record errors (e.g., accidentally reporting a bankruptcy that never actually happened)
- Mismatched files (e.g., the data files from two businesses with similar-sounding names are accidentally mixed, and one has a poor payment history or credit utilization rate)

No. There is no law that says you have to get a business credit report for free, as there is with a personal credit report.

While the Consumer Financial Protection Bureau gives personal credit users the right to a free credit score under the Fair Credit Reporting Act, this isn’t the case for business credit scores.

Government agencies don’t have a system set up where they provide a free business credit score to small business owners.

The same is true for Credit Karma. While it does provide personal credit scores to consumers, it doesn’t offer business credit scores.

Traditionally, the only way to get your business credit scores was directly from business credit bureaus themselves, like Dun & Bradstreet, Equifax Business, and Experian Business.

Note that the Small Business Financial Exchange is an organization that contributes credit report data. But it’s not an official credit reporting bureau and doesn’t provide comprehensive data like DB credit insights and other major credit bureaus do.

But now you can go through FairFigure, which provides a detailed business credit score and free credit report for a comprehensive overview. In addition, FairFigure also offers robust business credit monitoring, tradeline reporting, and the FairFigure Credit Card for valuable cash flow.

If you’re looking for a true EIN-only business card, the FairFigure Credit Card is an excellent option.