You’ll need an EIN to file your taxes and open a business bank account (step 3). Banks and potential business partners may also request it when you fill out paperwork. Having this number for your business is an important step in establishing your company.
If you have vendors that you know you pay on time and that you have a good relationship with, ask them if they already submit trade references to D&B. If they don’t, see if they will. You can submit trade references yourself using CreditBuilder.
You’ll want to know if there have been changes to your business credit scores and ratings. New information like liens, judgements, bankruptcies, or negative trade references can affect your profile. Free services like CreditSignal® will send you alerts if there are any changes to your scores and ratings.
When a business pulls your business credit file to help determine if your company qualifies for a loan or can be trusted with a contract, it’s called an inquiry. The names of the companies pulling your report are confidential, but you can find out when an inquiry has been made and what industry the inquiring company is in.