Just as with your personal credit score, there are several competing organizations that issue credit scores for businesses of every size. Dun & Bradstreet dominates the field with its Paydex score, but there are also Experian's Intelliscore Plus and FICO's LiquidCredit Small Business Scoring Service (SBSS). Each service will assign your business a score between 0 and 100, with scores over 80 considered very good, and scores below 50 considered very bad.
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How to Improve Business Credit Score
1. Find out what's in your business credit report.
Dun & Bradstreet will update you with changes to your credit score (but not the score itself) and other scores with a free service called CreditSignal. You can also pay to get your credit score and other information from D&B and Experian. It may be worth investing some money in finding out your credit score. Creditors who've checked your business credit score may also be willing to share that information with you.
2. Pay your bills on time--or early.
Needless to say, if you receive a bill from a company that reports to these organizations and payment is required within 30 or 60 days, paying that bill on time will help your business credit score. Another tip is to set your business banking system to automatically pay your bills -- and pay them before the due date.
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