What information is in a Business Credit Report
A typical business credit report contains the following:
Company information and background. This includes the business name, industry, contact information, date of establishment, and file number assigned by the credit bureau.
Credit categories. This determines the company’s credit status according to the bureau’s classification system, such as ‘Acceptable,’ ‘Warning,’ and ‘Bankruptcy.’ The terms used may vary between bureaus, but the rating systems are more or less the same.
Legal filings. This section shows any filings obtained from county, state, and federal courthouses, including tax liens, bankruptcy statements, and DBA applications.
Payment history. This is where all your payments—whether on time, advanced, late, or missed—are recorded. This usually makes up the biggest part of your credit score. To help lenders make more accurate risk assessments, the report may also compare your payment behavior with those of others in your industry.