Business Credit Builder

After speaking with my contact at Dun & Bradstreet today about its business credit builder programs there have been recent changes made this year that you should be aware of. These changes are good news for small business owners and make the programs offered at DNB more streamlined and affordable to establish, improve, and protect your corporate credit.

Now keep in mind that obtaining a DUNs number does not cost anything to your company but receiving your number can take over 30 days if you choose the free route. However, you can obtain your DUNs number in less than 24 hours by either purchasing one of its business credit builder programs or if you are a government contractor, government vendor, or grant recipient.

Now let’s review each of its business credit solutions and how they can help build company credit for your small business much faster than the traditional route of waiting for your creditors to report.

DUNs File Creator

Price $149

This product is ideal for you if you need to have a DUNs number issued right away. As soon as you purchase this product they will issue your number in 24 hours and you can have a DNB business file in their system within 5 business days. You have the ability to add extensive information on your file like company background information, operational information and financial statements. One of the drawbacks is that it does not include the ability to add trade references to your file. You will have to wait for vendors, creditors or suppliers to report their payment experience with you to Dun & Bradstreet. So if you are trying to build business credit history fast then this would not be the best choice for you because you have to wait until your suppliers report your payments.

* Tip – when you become a Business Credit Insider member we give you access to vendors, suppliers, and companies that report to DNB on a monthly basis for building small business credit.

DNBi Self Monitor Basic

Price $449

If you choose to purchase this product then most likely they will waive the DUNs File Creator fee so don’t hesitate to request it. This particular product is ideal for you if you already have existing trade references that you want to add to your file. This service allows you to submit up to 8 references over a period of 3 months for a total of 4 payment experiences to be added. They allow this extra cushion just in case they are unable to contact one of your references for payment experience verification.

Now if the price on this is a bit of stretch for you then you may want to take advantage of their monthly payment option. It costs $39 per month and requires a 3 month minimum term. Keep in mind that if you select this option you are only allowed to add 1 trade reference per quarter with the option to add more if you continue the service.

 *Tip – when you become a Business Credit Insider member we report your monthly membership payment to Dun & Bradstreet. Not only do we give you access to vendors, suppliers, and companies that report to DNB but we also help you build business credit history too!

If you decide to enroll in one of these programs or need some guidance regarding the status of your DNB report then call Tara Simone at Dun & Bradstreet. Let her know that Marco referred you and she will take good care of you. Her contact number is 610-882-6367 or email simoneT@DNB.com.

 Stay tuned for Business Credit Builder Part 2…

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Marco Carbajo is a business credit specialist, author, speaker, and founder of the Business Credit Insider’s Circle. He is a weekly columnist for Dun & Bradstreet Small Business Solutions, a business credit blogger for All Business & American Express Small Business and author of “Eight Steps to Ultimate Business Credit” and “How to Build Business Credit with No Personal Guarantee.” His articles and blogs have also been featured in Business Week, The Washington Post, The San Francisco Tribune, Scotsman Guide, Alltop, Entrepreneur Connect, and Active Rain.  

Some additional business credit reading….