LenCred-Credit Builder

Small Business Financing Made Simple.
Business Credit Builder Program

This is a 6 to 12-month program designed to position your business for major bank financing by
building your company’s credit profile and score with the 4 major business credit bureaus; Dun &
Bradstreet (PAYDEX), Experian Business (Intelliscore Plus), Equifax Business, and the Small
Business Finance Exchange (SBFE) / FICO Business LiquidCredit Score (SBSS).
Scope of Work:
Establish Business Tradeline Foundation & Corporate Funding Readiness

● 12 months hands-on coaching with a Corporate Credit Professional who can answer your
questions and provide real solutions
● Evaluate existing business credit profiles and provide strategies that increase the likelihood of
credit approvals
● Ensure your company meets business credit compliance standards
● Establish your company’s profile with Dun & Bradstreet
● Build your company’s D & B Paydex to 80
● D & B profile cleanup, remove derogatory comments from file (if necessary)
● Establish your company’s profile with Experian Business
● Build your company’s Intelliscore to 80
● Experian profile cleanup, remove derogatory comments from file (if necessary)
● Provide known transaction-reporting vendors and exclusive Trade Exchange vendors
● Open various Net 30 and revolving credit accounts to establish tradeline history
Corporate Credit Compliance Evaluation

● Research your company from the lender’s perspective
● Provide solutions for missing compliance items
● Verify corporate status with the Secretary of State
● Set up profile with D & B (Dun & Bradstreet) and Experian Business
● Evaluate Key Scoring Factors that affect your company’s ability to obtain credit
● Dispute derogatory information reporting to your company’s credit reports (if necessary)
● Ensure the consistency of your company’s data across multiple credit reporting bureaus
Net 30 Vendor Credit Accounts (within 60 days)

● Open 5 - 10 Net 30 No-PG vendor credit accounts (No-PG = No Personal Guarantee Required)
● Unlimited credit in vendor credit accounts
● Establish and evaluate reporting
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Retail Business Credit Accounts (within 6 months)
● Open 5 - 10 revolving retail credit accounts
● $15K - $35K+ in No-PG revolving retail credit accounts
PG & No-PG Business Credit Cards (within 6 - 12 months)

● Open 3 - 6 PG & No-PG Business Credit Cards
● $15K - $50k+ in revolving business credit card accounts
How business credit scores are used:

Lenders and other creditors need a means of determining how well your business repays debts
before they will approve you for financing. This is where business credit scores come in. Higher
scores indicate to creditors that your business is more trustworthy, thereby improving the odds
that you can obtain financing. Lenders can check your company’s business credit reports to get
more detailed information about your business’s financial history, and business credit scores
serves as shorthand evaluations. Here are three other ways your business credit scores are used:
1. Determine your borrowing power: Your business credit report and score can determine how
much financing you are able to secure.
2. Determine your rates on business insurance: Some insurance providers evaluate a business
owner’s credit as well as the business’s credit to determine rates on commercial insurance.
3. Determine terms you can secure with vendors and suppliers: Vendors and suppliers
sometimes look at a business’s credit scores to decide how long of a grace period to give the
business before demanding payment for goods and services. These terms are express in
“net” terms—” Net-30” would mean your business has 30 days to post payment. Securing
longer terms on your terms with suppliers is a great way to help even out cash flow.
The importance of checking your business credit score:

As a business owner, you should review your company’s financial information on a regular basis,
including your business credit scores & business credit reports. Your scores are fluid and can
change over time. That’s why creditors tend to assess your creditworthiness on a continual
basis. If you notice your trade credit scores are low, there could be an error in the business credit
reports that caused an inaccurate calculation. It is also possible that your business does not
have sufficient credit history to warrant higher scores. If you do find an error, contacting the
credit agency that generated the score is key to getting a correction. If there aren’t any errors,
you can still improve your business’s credit scores by making on-time payments and lowering
the company’s credit utilization ratio, among other options, but it will take some time.
Business Credit Score Score Score overview Typically used by
range
Dun & Bradstreet 0-100 Signifies how promptly Vendors and suppliers to
PAYDEX you’ve paid bills in the past. evaluate what trade terms to
extend to your business.
Intelliscore PlusSM 0-100 Predicts the likelihood of Lenders to evaluate your

from Experian serious delinquency in the business for loans and lines
next 12 months. of credit.
FICO® LiquidCredit® 0-300 Rank-orders small Banks and other lenders to

Small Business businesses by their evaluate your business for
Scoring ServiceSM likelihood of making loans and lines of credit.
payments on time. Personal Required for certain SBA
and business credit factors loans.
may both be used.
The Dun & Bradstreet PAYDEX

The PAYDEX is a unique, dollar weighted indicator of a business’s payment performance based on the
total number of payment experiences in Dun & Bradstreet’s file. The Dun & Bradstreet PAYDEX ranges
from 1 to 100, with higher scores indicating better payment performance. PAYDEX is primarily used by
vendors and suppliers to judge your business when determining what terms to extend on trade credit
(e.g., net 30, net 60, etc.) Typically, the better the score, the more generous the terms extended.
Intelliscore Plus from Experian

The Experian Intelliscore Plus is a statistically based credit-risk score that can combine business and
proprietor credit data to predict the likelihood of serious delinquency in the next 12 months. Scores
range from 1 to 100, where lower scores (score range below) indicate higher risk. The Intelliscore Plus
is regarded in the credit industry as quite predictive and economical. It incorporates statistical
modeling using over 800 commercial and owner variables – including tradeline and collection
information, recent credit inquiries, public filings, new account activity, key financial ratios and other
performance indicators.
FICO® LiquidCredit® Small Business Scoring Service

FICO’s Small Business Scoring Service (SBSS) rank-orders applicants by their likelihood of
making payments on time. The score ranges from 0 to 300. The higher the score, the better. The
scoring is based upon personal and business credit history and other financial information. A
strong history of business credit with timely payments to vendors and suppliers may help boost
your SBSS score. The FICO SBSS score will be used for term loans, lines of credit, and
commercial loans up to $350,000 from the Small Business Administration (SBA). The minimum
score to pass the SBA’s pre-screen process is currently 140.

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LenCred-Credit Builder

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Small Business Financing Made Simple.

Business Credit Builder Program

Establish Business Tradeline Foundation & Corporate Funding Readiness

Corporate Credit Compliance Evaluation

Net 30 Vendor Credit Accounts (within 60 days)

PG & No-PG Business Credit Cards (within 6 - 12 months)

How business credit scores are used:

The importance of checking your business credit score:

Intelliscore PlusSM 0-100 Predicts the likelihood of Lenders to evaluate your

FICO® LiquidCredit® 0-300 Rank-orders small Banks and other lenders to

The Dun & Bradstreet PAYDEX

Intelliscore Plus from Experian

FICO® LiquidCredit® Small Business Scoring Service

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