14. Get Your Experian Business Report

Creating a strong foundation of business credit scores starts with understanding your current status. 

Check Your Current Score with Experian Business

You will start by checking Experian Business to make sure your file is already open.

Experian Business: Check Your Status

Experian Smart Business Reports has a system that lets you see if your company currently has a business credit file with their agency. You can make updates to your company profile and ensure there are no inaccuracies throughout the entire profile.

Conducting a search for your business is easy. Simply enter the legal name of your business and the city/state where you operate. If your business is found in their database, you will see the following information:

Tradelines: This is the amount of reported credit accounts currently sharing information with Experian on your business. This list is made of individual vendors, credit card companies, banks, and even leasing companies, giving your business a comprehensive list of credit lines.

Business Credit Score: To start your credit file, Experian uses public records. When you incorporate or form your LLC, Experian will gather this information from the Secretary of State records and create your file. They will start by giving your business a score, using the Intelliscore formula. When trade begins, you will start seeing reported information from lenders, banks, suppliers, and more.

Recent Inquiries: This shows whether outside parties have inquired into your credit score with Experian Business. If there has been a recent inquiry, you will see a “Yes.” In this case, you’ll want to order your Experian Business report and review it for accurate facts.

You can review a full report by purchasing the information from Experian Business. Ordering your report will NOT create an official “inquiry.”

If your business does not yet have a file on hand, use the following steps to open one.

Click here to see a sample of Experian Business Credit report.