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wn.com - 2 days ago

What are business credit bureaus and how do they work?

Erica Dorfman for Brex What are business credit bureaus and how do they work? Financing a young company often depends on a record most founders don’t even realize exists: their business credit file. These files are created and maintained by business credit bureaus, which are private companies that track how a business pays its bills, manages debt, and handles financial obligations. Vendors, lenders, and landlords use these reports to price risk and set terms, which means a strong profile can lower costs and open doors to new opportunities. Behind the scenes, business credit bureaus compile payment histories, card and loan performance, and public records into a report on each company. Because...


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