Your business has its own credit profile and score linked to your business EIN number.
3 main business reporting agencies provide your business credit profile and score Dun & Bradstreet, Experian, and Equifax Commercial.
A business credit score is a mathematical model that is used to depict a business’s risk of going 90 days late on an account within the next 12 months, while consumer scores depict risk over a 24 month time frame.
Do you know how your business credit scores are calculated? Learn more here and get started toward understanding and raising your business credit scores so you can get funding for your business.
Paying business bills as agreed will net a positive credit scores with D&B, Equifax, and Experian
Your personal credit can be blended into the FICO SBSS and Experian Intelliscore Plus
Having a good Bank Rating is mostly about keeping an average of $10,000 in your bank account over the last 90 days
The document outlines 25 ways for businesses to get loans and credit when denied by banks, including SBA loans, asset-based lines of credit, invoice factoring, merchant cash advances, and commercial mortgages. It provides details on eligibility requirements, loan amounts, interest rates, and processes for each alternative financing option.
This program provides business owners with funding options including unsecured business credit lines ranging from $50,000 to $250,000 and business credit cards. Fees are 8% of the first $150,000 and 7% of amounts over $150,000 of approved funding. Interest rates are prime plus 2-6%. To qualify, businesses must have $350,000 annual revenue, be in business for 2+ years, and owners must have at least 20% stake, 600+ credit score, and no bankruptcies in the last 5 years. This program aims to help businesses access working capital through competitive credit lines and cards while building business credit history.
Financial Statement Analysis - Reading the Numbers Correctly, 2014 CreditScape, Western Region Credit Conference Seminar Slide Deck, sponsored by Credit Management Association. More information: www.creditmanagementassociation.org
Why Partner With American Finance Solutions & Small Business Financing / Loan...Scott Griest
Overview of why regional banks & small- to large-finance companies choose to partner with American Finance Solutions as their trusted source for referring their small business clientele
This white paper discusses how outsourcing early stage receivables (those under 60 days past due) to the right partner can help mid-sized businesses improve their cash flow. It notes that collecting on accounts before they reach 60 days past due significantly increases the chances of payment. The paper outlines benefits of outsourcing like better collection results at lower cost, retaining customer relationships, and access to expert knowledge. It stresses the importance of carefully selecting a partner with receivables management as its core business that can provide customized solutions and meaningful reporting.
Guide to Invoice Factoring (a.k.a. Accounts Receivable Financing)Elizabeth Kraus
Top invoice factoring company DB Squared describes the invoice factoring process (how invoice factoring works) and explains how it can help a business grow and become more profitable. For more information visit dbsquaredinc.com.
Do you know how your business credit scores are calculated? Learn more here and get started toward understanding and raising your business credit scores so you can get funding for your business.
Paying business bills as agreed will net a positive credit scores with D&B, Equifax, and Experian
Your personal credit can be blended into the FICO SBSS and Experian Intelliscore Plus
Having a good Bank Rating is mostly about keeping an average of $10,000 in your bank account over the last 90 days
The document outlines 25 ways for businesses to get loans and credit when denied by banks, including SBA loans, asset-based lines of credit, invoice factoring, merchant cash advances, and commercial mortgages. It provides details on eligibility requirements, loan amounts, interest rates, and processes for each alternative financing option.
This program provides business owners with funding options including unsecured business credit lines ranging from $50,000 to $250,000 and business credit cards. Fees are 8% of the first $150,000 and 7% of amounts over $150,000 of approved funding. Interest rates are prime plus 2-6%. To qualify, businesses must have $350,000 annual revenue, be in business for 2+ years, and owners must have at least 20% stake, 600+ credit score, and no bankruptcies in the last 5 years. This program aims to help businesses access working capital through competitive credit lines and cards while building business credit history.
Financial Statement Analysis - Reading the Numbers Correctly, 2014 CreditScape, Western Region Credit Conference Seminar Slide Deck, sponsored by Credit Management Association. More information: www.creditmanagementassociation.org
Why Partner With American Finance Solutions & Small Business Financing / Loan...Scott Griest
Overview of why regional banks & small- to large-finance companies choose to partner with American Finance Solutions as their trusted source for referring their small business clientele
This white paper discusses how outsourcing early stage receivables (those under 60 days past due) to the right partner can help mid-sized businesses improve their cash flow. It notes that collecting on accounts before they reach 60 days past due significantly increases the chances of payment. The paper outlines benefits of outsourcing like better collection results at lower cost, retaining customer relationships, and access to expert knowledge. It stresses the importance of carefully selecting a partner with receivables management as its core business that can provide customized solutions and meaningful reporting.
Guide to Invoice Factoring (a.k.a. Accounts Receivable Financing)Elizabeth Kraus
Top invoice factoring company DB Squared describes the invoice factoring process (how invoice factoring works) and explains how it can help a business grow and become more profitable. For more information visit dbsquaredinc.com.
Deluxe corp small business owner views on payment optionsDeluxe Corporation
This document summarizes research from Deluxe Corporation on payment options for small businesses. It includes key findings from Deluxe's quantitative research showing a decline in check usage and rise in electronic and card payments. Qualitative research identified 10 learnings, including that small businesses want payment solutions that don't disrupt their accounting processes, provide payment confirmation, allow remittance data, have broad acceptance, and are simple and secure. The research aims to help Deluxe develop payment solutions that meet small business needs and preferences.
Business Loans: Mistake Business Owners Make in Funding Their BusinessToby Mathis
The document summarizes the key mistake business owners make when funding their business - co-mingling personal and business finances. It provides examples of better ways to fund a business, such as using a CD to secure a business loan. The document then outlines the features of a business finance system that helps users build business credit, qualify for funding programs, and access credit providers to report payments and build their business credit asset over time.
18 proven ways to help your business loan application succeedMerchant Advisors
This document provides 18 tips for strengthening a business loan application. It recommends examining personal and business credit scores, paying off existing debts, avoiding liens, applying when cash flow is strong, providing a detailed business history and plan, being realistic in projections, saving a nest egg, choosing an appropriate loan amount, calculating monthly payments, asking questions, getting collateral appraised, being patient, leveraging social media, selecting the right lender, asking for help, and paying attention to final details. Following these tips can help optimize the application and increase approval chances.
Increase Efficiency with Enhanced Payroll ServicesInsideUp
This document provides information on selecting a payroll services vendor. It discusses the benefits of outsourcing payroll processing and highlights important criteria for choosing a vendor, such as reliability, communication, cost, and expertise. Several top payroll services companies are listed and described, including ADP, Paychex, Paylocity, and SurePayroll. The document emphasizes performing thorough reference checks and considering unbiased sources when evaluating potential vendors.
Capital Financial Solutions provides accounts receivable factoring services to small and large businesses nationwide. They offer funding up to $250,000 with no financials required and no monthly minimums. Factoring allows a business to receive cash advances on their receivables as their sales increase, providing more working capital. Capital Financial has a simple application process, offers higher advance rates than other lenders, and does not require factoring all accounts or incurring long-term debt.
The document discusses the Ariba Invoice and Dynamic Discounting solution which allows organizations to receive electronic invoices, make swift payments, and take advantage of supplier discounts through early payment. This solution can help AP departments save more money by automating paper-intensive processes and accessing additional savings from supplier discounts. Deloitte can help organizations implement this solution through activities like developing business cases, assessing processes, and helping ease the transition for suppliers.
This document provides instructions for setting up initial business credit profiles with Dun & Bradstreet (D&B), Experian, and Equifax. It recommends first setting up your business entity with your state and obtaining an EIN from the IRS. Then it describes how to check if you have existing profiles and how to create profiles if needed. For each agency, it recommends obtaining your business credit reports and scores to monitor your credit status. It also suggests using initial trade credit to build positive payment history.
Credit appraisal involves investigating a customer's financial condition and ability to repay a loan before providing financing. It assesses the commercial, financial, and technical feasibility of a proposed project. A credit proposal communicates the goal, objectives, and type of financing being requested, such as project financing. The credit approval process considers the type of borrower, source of cash flows, collateral, and amount/type of claim. A proposal can function as communication, a plan, and a contract.
This document provides information on how to repair damaged business credit. It discusses obtaining business credit reports from the three major credit reporting agencies and disputing any inaccurate or outdated information directly with the agencies and creditors. The key strategies outlined are sending debt validation letters, disputing accounts, settling debts by paying outstanding balances, and proactively building new positive business credit to offset negative items on the reports over time.
This document provides information about the requirements for obtaining business financing. It discusses the importance of having proper financing for a small business. The document outlines what a lender will evaluate in a funding assessment, including business structure, licenses, credit profiles, financial records, and a business plan. It also explains that personal credit is heavily weighed, as it demonstrates an individual's ability to repay debt and manage finances. The personal credit section analyzes the factors that determine a credit score, such as payment history, amounts owed, credit history length, new accounts/inquiries, and credit mix. Maintaining a credit score above 720 and keeping debt ratios below 30% are recommended for optimal funding chances.
This document provides information about building business credit. It explains that business credit is separate from personal credit and is based on the business's ability to pay. It recommends starting with vendor credit cards reporting to business credit bureaus to establish a profile. Once 5 trade lines are reported, the business can qualify for revolving credit cards. The document lists specific credit options from vendors like Radio Shack, Staples, and Dell and advises having 10 accounts reporting and a $10,000 credit limit to build a strong business credit profile.
There are three major companies that collect business information and publish it. Dun & Bradstreet is the biggest with over 210 million records on file. Experian is the second biggest with over 27 million records on file. Equifax is the smallest business CRA.
Business Credit Score: What You Need To KnowBalboa Capital
A good business credit score is vital to the success of your business. It can help you obtain business loans, increase credit lines, and get better credit terms. Learn all about business credit in this infographic that was created by Balboa Capital. It explains how business credit scores are calculated, and how you can improve yours. It also has some interesting facts about business credit that you might know about.
Business credit accounts for a business’s ability to pay back its debts, not the owner’s. It is not subject to the Fair Credit Reporting Act and creditors consider your business credit scores and and payment history
Graydon's Tips on how to improve your business credit rating. By following a few simple tips, you can improve your business credit report, give more confidence to your suppliers, achieve better credit terms, trade more and achieve better business image.
This e-book is an insightful summary of building the best-in-class credit scoring model capable of streamlining information, reducing bad debt, and predicting bankruptcy.
Deluxe corp small business owner views on payment optionsDeluxe Corporation
This document summarizes research from Deluxe Corporation on payment options for small businesses. It includes key findings from Deluxe's quantitative research showing a decline in check usage and rise in electronic and card payments. Qualitative research identified 10 learnings, including that small businesses want payment solutions that don't disrupt their accounting processes, provide payment confirmation, allow remittance data, have broad acceptance, and are simple and secure. The research aims to help Deluxe develop payment solutions that meet small business needs and preferences.
Business Loans: Mistake Business Owners Make in Funding Their BusinessToby Mathis
The document summarizes the key mistake business owners make when funding their business - co-mingling personal and business finances. It provides examples of better ways to fund a business, such as using a CD to secure a business loan. The document then outlines the features of a business finance system that helps users build business credit, qualify for funding programs, and access credit providers to report payments and build their business credit asset over time.
18 proven ways to help your business loan application succeedMerchant Advisors
This document provides 18 tips for strengthening a business loan application. It recommends examining personal and business credit scores, paying off existing debts, avoiding liens, applying when cash flow is strong, providing a detailed business history and plan, being realistic in projections, saving a nest egg, choosing an appropriate loan amount, calculating monthly payments, asking questions, getting collateral appraised, being patient, leveraging social media, selecting the right lender, asking for help, and paying attention to final details. Following these tips can help optimize the application and increase approval chances.
Increase Efficiency with Enhanced Payroll ServicesInsideUp
This document provides information on selecting a payroll services vendor. It discusses the benefits of outsourcing payroll processing and highlights important criteria for choosing a vendor, such as reliability, communication, cost, and expertise. Several top payroll services companies are listed and described, including ADP, Paychex, Paylocity, and SurePayroll. The document emphasizes performing thorough reference checks and considering unbiased sources when evaluating potential vendors.
Capital Financial Solutions provides accounts receivable factoring services to small and large businesses nationwide. They offer funding up to $250,000 with no financials required and no monthly minimums. Factoring allows a business to receive cash advances on their receivables as their sales increase, providing more working capital. Capital Financial has a simple application process, offers higher advance rates than other lenders, and does not require factoring all accounts or incurring long-term debt.
The document discusses the Ariba Invoice and Dynamic Discounting solution which allows organizations to receive electronic invoices, make swift payments, and take advantage of supplier discounts through early payment. This solution can help AP departments save more money by automating paper-intensive processes and accessing additional savings from supplier discounts. Deloitte can help organizations implement this solution through activities like developing business cases, assessing processes, and helping ease the transition for suppliers.
This document provides instructions for setting up initial business credit profiles with Dun & Bradstreet (D&B), Experian, and Equifax. It recommends first setting up your business entity with your state and obtaining an EIN from the IRS. Then it describes how to check if you have existing profiles and how to create profiles if needed. For each agency, it recommends obtaining your business credit reports and scores to monitor your credit status. It also suggests using initial trade credit to build positive payment history.
Credit appraisal involves investigating a customer's financial condition and ability to repay a loan before providing financing. It assesses the commercial, financial, and technical feasibility of a proposed project. A credit proposal communicates the goal, objectives, and type of financing being requested, such as project financing. The credit approval process considers the type of borrower, source of cash flows, collateral, and amount/type of claim. A proposal can function as communication, a plan, and a contract.
This document provides information on how to repair damaged business credit. It discusses obtaining business credit reports from the three major credit reporting agencies and disputing any inaccurate or outdated information directly with the agencies and creditors. The key strategies outlined are sending debt validation letters, disputing accounts, settling debts by paying outstanding balances, and proactively building new positive business credit to offset negative items on the reports over time.
This document provides information about the requirements for obtaining business financing. It discusses the importance of having proper financing for a small business. The document outlines what a lender will evaluate in a funding assessment, including business structure, licenses, credit profiles, financial records, and a business plan. It also explains that personal credit is heavily weighed, as it demonstrates an individual's ability to repay debt and manage finances. The personal credit section analyzes the factors that determine a credit score, such as payment history, amounts owed, credit history length, new accounts/inquiries, and credit mix. Maintaining a credit score above 720 and keeping debt ratios below 30% are recommended for optimal funding chances.
This document provides information about building business credit. It explains that business credit is separate from personal credit and is based on the business's ability to pay. It recommends starting with vendor credit cards reporting to business credit bureaus to establish a profile. Once 5 trade lines are reported, the business can qualify for revolving credit cards. The document lists specific credit options from vendors like Radio Shack, Staples, and Dell and advises having 10 accounts reporting and a $10,000 credit limit to build a strong business credit profile.
There are three major companies that collect business information and publish it. Dun & Bradstreet is the biggest with over 210 million records on file. Experian is the second biggest with over 27 million records on file. Equifax is the smallest business CRA.
Business Credit Score: What You Need To KnowBalboa Capital
A good business credit score is vital to the success of your business. It can help you obtain business loans, increase credit lines, and get better credit terms. Learn all about business credit in this infographic that was created by Balboa Capital. It explains how business credit scores are calculated, and how you can improve yours. It also has some interesting facts about business credit that you might know about.
Business credit accounts for a business’s ability to pay back its debts, not the owner’s. It is not subject to the Fair Credit Reporting Act and creditors consider your business credit scores and and payment history
Graydon's Tips on how to improve your business credit rating. By following a few simple tips, you can improve your business credit report, give more confidence to your suppliers, achieve better credit terms, trade more and achieve better business image.
This e-book is an insightful summary of building the best-in-class credit scoring model capable of streamlining information, reducing bad debt, and predicting bankruptcy.
The document provides information on obtaining money and credit for a new business. It discusses various financing options including bank funding, which is typically difficult for new businesses due to requirements. It then outlines several collateral-based financing options that can provide funds to new businesses. The document also discusses establishing business credit by starting with vendor accounts from suppliers that report to credit bureaus, and then gradually obtaining store credit cards and cash business credit cards to build a strong business credit profile.
Credit ratings evaluate the creditworthiness of debtors like businesses and governments. They are determined by credit rating agencies based on their analysis of public and private information, not mathematical formulas. Credit ratings are used by bond investors to assess the likelihood that the issuer will repay its debt obligations. In India, credit rating agencies must register with SEBI and meet requirements regarding net worth, infrastructure, and experience. The major credit rating agencies in India are CRISIL, ICRA, CARE, and FITCH Ratings India. Credit ratings provide benefits to both investors and companies by improving transparency and access to funding.
This document discusses credit reporting for small businesses. It explains that credit reports contain information provided by lenders, investors and other entities to assess creditworthiness. Maintaining a positive credit report benefits businesses seeking credit. The document outlines the major credit reporting agencies, requirements and benefits of reporting directly or through an intermediary. It also discusses laws governing credit reporting like the Fair Credit Reporting Act and how personal credit impacts a business owner's ability to obtain financing.
The document discusses customer assessment and credit worthiness for lending. It explains that lenders must evaluate risks by assessing factors like repayment history, credit score, assets, and liabilities to determine the likelihood of default. The "three Cs" of capacity, capital, and character are also evaluated. Capacity looks at ability to repay, capital examines assets, and character considers trustworthiness and payment history. Methods of assessment mentioned include self-assessment, existing data, observation, references, and analysis to make fair credit decisions.
If a startup can show legitimacy it helps the lender feel comfortable about lending. Building business credit is a specific process. Your startup is your dream! It might begin on your kitchen table and turn into a multinational corporation.
This document discusses how call centers can make money by offering business credit and financing solutions to their customers. It describes a turnkey system that provides access to business credit programs, funding options, and marketing materials. Call centers can earn thousands per sale by offering this solution, as well as ongoing commissions from funding. Case studies are presented of call centers earning hundreds of thousands in revenue through high-volume sales of a business credit and financing program. The webinar argues this is a lucrative opportunity for call centers to help business owners while significantly boosting their own profits.
This document discusses common reasons why business loan applications may be declined by lenders and provides tips to improve the chances of approval. It outlines key steps like establishing credibility for the business name and address, obtaining necessary licenses and permits, setting up a business bank account and credit profiles, and maintaining good personal and business credit histories. Following the guidelines around building credibility, using an accurate business name and address, and ensuring positive credit quality can help businesses strengthen their applications and increase their approval odds.
This document discusses how to build business credit using trade credit from vendors. It explains that trade credit involves vendors extending credit to businesses for purchases, allowing payment within set timeframes like net 30 days. The document advises finding vendors that will issue initial credit to businesses with no existing credit history and that report payments to business credit bureaus. Quill is recommended as one such vendor that can help new businesses establish their first trade accounts and start building a positive business credit profile.
This document discusses how business credit scores from Experian and Equifax affect a business's ability to access financing. It notes that the webinar will cover how the Experian business credit score works and how to control the score to get more financing. It also mentions that it will compare scores to others in the same industry, dissect Experian's Intelliscore Plus, compare Experian scores to FICO scores, and cover how Experian and Equifax scores depict risk of business failure and affect borrowing ability. Finally, it states that the webinar will provide details on Equifax's Credit Risk Score and explain what the actual scores from Experian and Equifax mean and how they impact business operations and access to money
Business credit reporting agencies obtain data from a variety of sources to calculate business credit scores and assess the risk of a business defaulting on payments. They collect objective data including payment history reported by creditors, public records like bankruptcy and lien filings, tax information from the IRS, and business registration and incorporation documents. They also gather supplemental information from sources like directories, press releases, and web searches. The goal is to objectively measure a business's ability to pay its bills on time based on this collection of financial and public records data on the business.
This document discusses a webinar about secured and unsecured business financing options that are available now. The webinar will cover the differences between secured and unsecured financing, types of unsecured financing like business credit cards and merchant financing that businesses can qualify for. It will also discuss secured financing options with low interest rates that even startups and businesses with credit challenges can access.
This document outlines the steps to get business credit cards from Amazon, Dell, and Walmart without a personal guarantee. It discusses obtaining an EIN number and DUNS number for free, understanding business credit reports, getting approved for starter vendor accounts, and following a 5-step process to build business credit in a way that leads to approval for revolving credit cards. The webinar provides the exact steps for getting approved for these cards without a personal credit check.
This document outlines how to build an excellent business credit score in 90 days. It discusses the three main business credit scores, the factors that affect scores, who will approve initial business credit, and how to use the newly established business score to qualify for credit with no personal guarantee. The webinar teaches little-known details about business credit scoring and how to establish excellent credit in just three months.
A walkthrough about 10 business bank account hacks to properly setup and manage your business bank account... and get an excellent bank rating credit score
The document outlines 9 key things to learn about the major credit reporting agencies Dun & Bradstreet, Equifax, and Experian. It will cover the history of the agencies, which has the most records on file, unethical actions that got them into trouble, how one agency's actions led to consumer credit protection laws, the original industry that credit reporting emerged in, which has headquarters in Ireland, which started decades before Trans Union, and an overview of finance products.
This document describes how to obtain $150,000 in credit lines with 0% interest rates through an unsecured business financing program. It notes that the program can obtain 5-8 credit cards or lines of credit for businesses with credit limits 5-8 times the applicant's highest existing personal credit limit. The program claims to be able to approve businesses for a total of $150,000 in credit limits across multiple cards within a short period of time and help build business credit reports through the business credit reporting agencies.
This document discusses unsecured financing options for businesses, including unsecured credit cards, cash flow-based lending, merchant advances, and revenue lending. Unsecured financing does not require collateral to secure the debt. Some options highlighted are unsecured credit cards for businesses with good personal or business credit, which can provide limits from $10,000 to $150,000. Revenue lending offers loans up to $1 million based on 8-12% of annual revenue, with interest rates from 10-45%. Merchant advances similarly offer short term loans up to $1 million based on one month's sales volume.
This document discusses various types of unsecured financing options for small businesses, including unsecured business loans, cash advances, business credit cards, and business credit lines. It notes that unsecured financing carries the highest risk for lenders since there is no collateral pledged. As a result, interest rates for unsecured financing tend to be higher than rates for secured financing. The document also provides details on specific unsecured financing products like cash advances, business credit cards from Chase and American Express, and methods for obtaining business credit without a personal guarantee.
The document discusses various types of business loans and how to qualify for them. It describes conventional bank loans that require good financials and credit. Alternative loans are easier to qualify for and can be based on business cash flow, personal credit, or collateral. Cash flow loans require consistent monthly deposits over $10,000 and being in business over a year. Credit loans are unsecured up to $150,000 with a 685+ credit score. Collateral loans have low rates based on collateral like receivables or equipment. A business loan broker assists by finding the best loan options based on a business's strengths.
The document discusses credit privacy numbers (CPNs), shelf corporations, and buying tradelines. It provides information on what CPNs and shelf corporations are, as well as warnings that using a CPN in place of a SSN for credit applications is considered fraud and illegal. The summaries from credit reporting agencies, government organizations, and the FTC all confirm that CPNs cannot be used to establish new credit reports or identities and promoting their use for this purpose is fraudulent.
Learn more about small business loans, cash access problems,cash flow loans, unsecured financing, collateral-based financing and how to get approved for business financing.
1) Shelf corporations are inactive companies that have been formed years ago and "put on a shelf" to age, making them more valuable to purchase for the purpose of gaining an instant business history.
2) Purchasing an aged shelf corporation can help a new business or entrepreneur qualify for loans and contracts that require an established business history. However, shelf corporations are viewed negatively by regulators and credit bureaus as potentially unethical or deceitful.
3) While shelf corporations can provide some legitimate benefits like faster licensing or credibility, using them to misrepresent business age or access credit could damage a company's reputation if discovered.
Waterproofing Changes in Victoria
The Building Act 1993 remains, but the Building Regulation 2006 will be replaced by the Building Regulations 2017, expected to be legislated around September. Key changes affecting the waterproofing industry include Part 13, which mandates inspection prior to covering a waterproofing membrane in any wet area.
The regulations remain consistent in other areas affecting waterproofing, such as the adoption of the NCC and relevant Australian Standards, methods of assessment of compliance, material testing, and compliance certificates.
The VBA confirms that only a registered Building Practitioner can authorize compliance of waterproofing works. Subcontractors who are not registered cannot authorize compliance. Although they can state that they have complied with the relevant standards, liability lies primarily with the registered builder, now shared with the Building Inspector or Surveyor for wet areas.
QBCC Tradie Tours
Waterproofing is consistently one of the most common defects reported to the QBCC, with mistakes being costly. In June 2017, the QBCC presented ten waterproofing seminars throughout Queensland, dedicated to waterproofing and tiling issues with a focus on preventing waterproofing defects. Approximately 1000 builders, waterproofers, certifiers, and tilers attended these seminars.
Bayset’s Training & Quality Manager, Frank Moebus, provided in-depth information about avoiding installation problems. The Tradie Tour received positive feedback from the industry.
Project Reference: Botanicca Corporate Park
Overview:
Property Type: Commercial
Project Type: Restoration
Scope: Leaking roof joints affecting company suites
Applicator: Australian Waterproofing Company Pty Ltd
Area: 1150m²
Category: Waterproofing
Products Used:
Soprema Soprasun 3.0S
Soprema Sopradhere Primer
Soprema Alsan Flashing
Soprema Roof Vents
Project Details:
Botanicca Corporate Park experienced leaks in the roof joints that affected various company suites and balconies. The building, constructed in 2006, required a watertight roof to ensure its longevity. A 20-year warranty was provided, and the Soprema Torch On system was applied to achieve a high-quality waterproofing result, both aesthetically and functionally.
Gary Moody, project manager, described the project as challenging but rewarding due to the successful outcome achieved by the experienced applicator.
Importance of Waterproofing Standards and Compliance
Legislative Changes and Their Impact
The introduction of the Building Regulations 2017 brings significant changes to the waterproofing industry, particularly regarding inspection and compliance requirements. For the first time, building inspectors or surveyors must inspect waterproofing membranes before they are covered in any wet areas. This change emphasizes the importance of thorough inspections to prevent defects and ensure high-quality waterproofing.
Decentralized Crowdfunding with Professionals at DAISY_ Redefining Fundraisin...DAISY Global
In recent years, crowdfunding has emerged as a popular method for raising capital for various projects and initiatives. Traditionally, crowdfunding platforms facilitated fundraising campaigns by connecting project creators with a large number of contributors willing to support their endeavors financially. However, with the advent of blockchain technology, decentralized crowdfunding has emerged as a disruptive alternative to traditional crowdfunding models. In this blog, we will compare decentralized crowdfunding with traditional crowdfunding, exploring their differences, benefits, and drawbacks. DAISY Global
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Decentralized Crowdfunding vs. Traditional Crowdfunding_ A Comparison by Expe...DAISY Global
In recent years, crowdfunding has emerged as a popular method for raising capital for various projects and initiatives. Traditionally, crowdfunding platforms facilitated fundraising campaigns by connecting project creators with a large number of contributors willing to support their endeavors financially. However, with the advent of blockchain technology, decentralized crowdfunding has emerged as a disruptive alternative to traditional crowdfunding models. In this blog, we will compare decentralized crowdfunding with traditional crowdfunding, exploring their differences, benefits, and drawbacks. DAISY Global
Material Testing Lab Services in Dubai.pdfsandeepmetsuae
Dubai is home to numerous advanced material testing labs, offering state-of-the-art facilities for a wide range of industries. These labs provide critical services such as mechanical testing, chemical analysis, and non-destructive testing, ensuring the quality and durability of materials used in construction, aerospace, and manufacturing.
The construction industry is undergoing significant changes, particularly in waterproofing. Poor practices have caught the attention of regulators, and changes are coming soon. AIW will keep members informed about these developments. We aim to eliminate subpar contractors who compromise the industry with inadequate work.
Everyone makes mistakes occasionally, but persistent issues arise from those who consistently cut corners, using insufficient materials in unsafe conditions. These practices must end.
Summer Waterproofing Challenges
As summer approaches, common questions arise regarding membrane application in hot or humid conditions:
Is it too hot or humid to apply a membrane?
Will blistering occur?
How to address blistering if it happens?
Should a warranty be issued for such membranes?
Applying membranes in inappropriate conditions often leads to failures. It’s crucial to consider the long-term repercussions of these decisions. Consult your membrane supplier for guidance and ensure you ask the right questions. Industry peers are often willing to help.
Project Reference: QLD Public Hospital
Overview
Property Type: QLD Public Hospital
Contractor/Applicator: Waterstop Solutions
Testing: International Leak Detection Australia (ILD)
Category: Membrane Renewal
Products Used: A specialized bitumen-modified highly flexible waterproofing membrane installed in multiple layers over a moisture barrier primer system.
Project Details: The project involved renewing the waterproofing membrane on two leaking concrete tanks, critical for the hospital’s fire sprinkling system. Challenges included identifying all leaks and adhering to noise and downtime restrictions. The solution involved thorough surface preparation and the use of a compatible, highly flexible membrane, ensuring long-term effectiveness and compliance with Australian Standards.
AIW at Bayset Construction Trade Day
On August 24, 2018, AIW attended the Bayset Construction Trade Day at Coopers Plains Branch. The event was a great opportunity to connect with members and non-members, resulting in increased interest and new sign-ups. The day featured informative sessions, industry support, and excellent networking opportunities.
Advancing Waterproofing Expertise with AIW
Waterproofing Melbourne and beyond, the Australian Institute of Waterproofing (AIW) is proud to introduce an innovative commercial waterproofing course. Developed in collaboration with the Master Builders Association Vic, this course, led by Andrew Golle, is tailored for project managers overseeing balcony waterproofing, roof waterproofing, and concrete repair. Paul Evans emphasizes the critical nature of these roles in preventing costly post-construction issues. Private sessions for building supervisors are now available, addressing common mistakes due to poor applications and cost-cutting measures.
The course covers essential topics, including product selection, surface preparation, and the importance of basement waterproofing. Paul Evans highlights the recurring problems seen in the industry, where inadequate training and oversight lead to significant issues, from retaining wall waterproofing to lift pit waterproofing.
In response to these challenges, the AIW is developing a "Below Ground Waterproofing Standard" specific to Australia, inspired by UK standards. Paul Evans calls for industry-wide collaboration to ensure the standard encompasses diverse methods and materials, ultimately enhancing the quality and longevity of waterproofing work.
By equipping supervisors and builders with the right knowledge, AIW aims to improve the overall standard of waterproofing practices, reducing the risk of failures and the subsequent mental and financial stress on homeowners. This proactive approach is crucial for the sustainability and reliability of waterproofing in construction projects across Australia.
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Comprehensive Guide to Balcony Waterproofing Repairs
Addressing Leaking Balconies, Roofs, and Rooftop Terraces
Leaking balconies, roofs, and rooftop terraces can cause catastrophic damage to structures below. Water leaks may cause not only aesthetic and superficial damage but can also compromise the structural integrity of the building envelope. If a failed waterproofing membrane is the cause, re-grouting or surface sealing is merely a temporary fix. Such band-aid methods will eventually fail, causing cracks in tiles, grout, and membranes as the balcony moves.
In many cases, failed membranes require a complete strip-off, structural repairs if needed, reinstallation of waterproofing, and a new finish surface. Key considerations in this process include the strength of the subfloor and screed, presence of substrate dips and hollows, correct balcony slope and fall, window and door frame installation, door threshold sealing, adequate drainage, and the potential for underlying pipe leaks. Existing tiling and expansion joints should also be assessed to determine their role in the balcony failure.
Waterproofing Preparation
Proper preparation is critical for any waterproofing membrane installation. The substrate must be clean, free of dirt and other contaminants. This involves vacuum cleaning and/or diamond grinding to ensure a smooth, dry, and debris-free surface. In some cases, washing the substrate may be necessary.
Waterproofing Detailing
Before installing a waterproofing system, construction features that interrupt the membrane layer must be adequately protected and sealed. This includes:
Perimeter Upturns: Attachment points for railings and balustrades, joints between horizontal and vertical surfaces, and structural and expansion joints. Sealant should be applied 15mm wide to all junctions, reinforced with polyester or fiberglass mat to a DFT of 1.2mm, 100mm above finished floor height, or 25mm above the water line. The membrane system should be installed 200mm onto balcony floor areas.
Door/Window Step Downs: Similar to perimeter upturns, apply sealant 15mm wide to all junctions, reinforced with fiberglass mat to a DFT of 1.2mm, ensuring the membrane system is installed 200mm onto balcony areas.
Drains & Floor Waste Details: All floor wastes should have a recessed leak control flange installed, primed with appropriate primer, and the membrane system installed as per specifications.
Waterproofing Installation: Australian Standards
The installation of a Class 2/3 waterproof membrane system to external concrete must comply with AS 4654.2. Key considerations for installation include:
Installation Conditions: Avoid installation in extreme temperatures (below 10°C or above 35°C) to prevent accelerated or decelerated cure times.
Type of Membrane: Use a flexible waterproofing membrane capable of withstanding normal cyclic fluctuations and ponding water.
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2. Ty Crandall, CEO
(877) 600-2487
www.CreditSuite.com
info@creditsuite.com
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
3. BUSINESS CREDIT SCORES
• Your business has its own credit profile and
score linked to your business EIN number
• 3 main business reporting agencies provide
your business credit profile and score Dun
& Bradstreet, Experian, and Equifax
Commercial
• A business credit score is a mathematical
model that is used to depict a business’s
risk of going 90 days late on an account
within the next 12 months, while consumer
scores depict risk over a 24 month time
frame
4. • A business credit score reflects
the business’s likelihood of
defaulting on an obligation, not
the business owner’s
• The business credit score is
based on how the business
obligations are paid, not how the
business owners pays their
personal obligations
BUSINESS CREDIT SCORES
5. • Each reporting agency provides access to multiple business
credit scores that evaluate different forms of risk
• FICO also provides its own business credit score to assess
business risk
• And banks have their own internal bank credit score that’s
used to determine business loan approval
• These scores are used by credit issuers, lenders, suppliers,
vendors and others who typically extend credit to businesses
BUSINESS CREDIT SCORES
6. • YES, your business credit scores ARE used each and
every time you apply for credit and financing for your
business
• But lenders and credit issuers will NOT tell you this, nor tell
you which scores they’re using to assess your business
• There is no Fair Credit Reporting Act in the business world
that requires them to do so as there is in the consumer
credit world
BUSINESS CREDIT SCORES
7. • It’s also important to note, that your business credit
profile and scores are available to ANYONE who wants
them
• In the consumer world someone needs your permission
to pull your consumer reports, something the FCRA calls
“permissible purpose”
• But there is no FCRA in the business
world, so anyone who wants your reports
can easily and cheaply get them including
competitors, prospects, clients, lenders,
and more
BUSINESS CREDIT SCORES
9. D&B PERFORMANCE SCORES
• Dun & Bradstreet provides two Performance
Credit Scores
• D&B’s Performance Scores reflect a company’s
past performance using only information within
the D&B database
• D&B’s 2 core Performance Scores are:
• Paydex Score
• D&B Rating
10. • The Paydex Score- Indicates how a company has paid
its bills over the last 24 months
• The D&B Rating- Indicates a company’s net worth
range based on company financial statements, as well
as a company’s overall condition
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
D&B PERFORMANCE SCORES
11. DUN & BRADSTREET’S
PAYDEX SCORE
• The most popular credit score used in the business
world is known as a Paydex score, provided by Dun and
Bradstreet
• From D&B… “The D&B PAYDEX® Score is D&B’s
unique dollar-weighted numerical indicator of how a firm
paid its bills over the past year, based on trade
experiences reported to D&B by various vendors”
12. • “Dollar-weighted” means that D&B gives more “weight” to
accounts with higher limits than ones with lower limits
• Paydex gives more weight to the trade accounts that report
higher amounts of credit extended and less weight to trade
accounts that are reporting lower dollar amounts of credit
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
DUN & BRADSTREET’S
PAYDEX SCORE
13. • “How a firm paid its bills over the past year”, means this
score is based on past performance as the main driver
• It’s simply based on how you paid your bills
• The score ranges from 1-100
• Higher scores are lower risk as they predict better
payment performance
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
DUN & BRADSTREET’S
PAYDEX SCORE
14. • Any score of 70 and higher D&B
defines as a “good” score
• An 80 score reflects Prompt Payment
• A score of 70 reflects payments are
paid within 15 Days of terms
• Scores 50 or lower represent payments being made 30
or more days past terms
• A business can obtain a good business Paydex credit
score by ensuring payments are made promptly to
suppliers and vendors
DUN & BRADSTREET’S
PAYDEX SCORE
15. Here’s a breakdown of what your Paydex score literally means:
– Expect payment may come early 100
– Payments comes within early discount period 90
– Payment is prompt 80
– Payment comes 14 days beyond terms 70
– Payment comes 21 days beyond terms 60
– Payment comes 30 days beyond terms 50
– Payment comes 60 days beyond terms 40
– Payment comes 90 days beyond terms 30
– Payment comes 120 days beyond terms 20
– Unavailable UN
DUN & BRADSTREET’S
PAYDEX SCORE
16. • A business will need a PAYDEX score of 70-80 to obtain
the most favorable financing
• To obtain a PAYDEX score a business will need at least 3
trade accounts reporting to their file
• It can take 30-90 days for those trades to report and a
score to be established
• The business credit score itself is calculated by using as
many as 875 payments
DUN & BRADSTREET’S
PAYDEX SCORE
17. D&B RATING
True definition from D&B… “D&B Rating is a performance
score based on a company’s net worth from its financial
statements as well as an overall credit assessment using
information in D&B’s database.”
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
18. D&B RATING
• The D&B Rating Indicates a
company’s net worth range
based on company financial
statements, as well as a
company’s overall financial
condition
• If a company’s financial
statements are not provided, the
score is based on company size,
industry, or other related factors
19. D&B RATING
• The D&B Rating is a
performance score that’s based
on a company’s net worth and
overall credit assessment
• The D&B Rating is broken into 3
distinct categories
• Category is assigned based on
the amount of information
available on a company
20. D&B RATING’S 3 CATEGORIES
• Category 1- Traditional D&B Rating
• Category 2- Expanded Credit Appraisal
• Category 3- Alternative Ratings
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
21. TRADITIONAL D&B RATING
CATEGORY
• Category 1- Traditional D&B Rating reflects net worth or
equity
• D&B calculates this based on the company’s financial
statements and payment experiences
• Both must be in the report to qualify for the Traditional D&B
Rating
• Even if you have payment experiences, if no financials are
present there will be no Traditional D&B Rating
22. TRADITIONAL D&B RATING
CATEGORY
• This score also includes the Composite Credit Appraisal
Score
• Composite Credit Appraisal Score reflects an overall
assessment of creditworthiness based on company
payments and financial stability
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
23. D&B RATING’S 2ND CATEGORY- EXPANDED
CREDIT APPRAISAL CATEGORY
• If financials are not available for a company, the
company falls into the Expanded Credit Appraisal
Category
• Based on the total number of employees for the
business
24. D&B RATING’S 3RD CATEGORY-
ALTERNATIVE RATINGS CATEGORY
• If financials nor company size is
available, D&B gives a score in the
third category…the Alternative
Ratings Category
• Based on the amount of
information available in the
company’s report
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
25. D&B PREDICTIVE SCORES
• D&B’s Predictive Scores predict a company’s
expected performance over the next year, or 12 month
time period
• D&B provides 3 Predictive scores
• D&B Delinquency Predictor Score
• Financial Stress Scorae
• Supplier Evaluation Risk Rating
26. 3 D&B PREDICTIVE SCORES
• D&B Delinquency Predictor Score- Predicts whether a
business will pay its bills on time
• Financial Stress Score- Predicts the chance that a
business will experience financial distress
• Supplier Evaluation Risk Rating- Predicts whether a
business will stop delivering its goods and services
27. B U S I N E S S C R E D I T S C O R E S
EXPERIAN’S
28. EXPERIAN’S INTELLISCORE
• The second most popular credit score in the business world is the
Experian Intelliscore
• Experian’s most recent score system is known as Intelliscore Plus,
which they boast of as the next level in credit scoring
• Intelliscore Plus takes into account hundreds of variables to offer a
business score between 0-100, with 100 being the highest
• Intelliscore predicts a business’s risk of going seriously delinquent, or
over 91 days late, or having a major financial issue such as
bankruptcy within the next 12 months
29. • The new Intelliscore Plus has over 800 aggregates or
factors that affect the credit scores
• Experian first takes a business and looks at data
segments such as firmographics, public records,
collections, and trade information, then places each
business in one of three different models
EXPERIAN’S INTELLISCORE
30. EXPERIAN’S INTELLISCORE
BREAKDOWN
• Intelliscore is one of the only business scores that offers a
blender score
• The Blended/ Owner Model, blends both commercial
data and the owner’s consumer information
• Because this score blends with consumer data, this is one
of the only scores that someone needs your permission to
pull
31. EXPERIAN’S BLENDED SCORE
• Study showed that when trouble
hit a business blended scores
dropped an average of 30% over
the four quarters leading up to the
“bad” event
• Their consumer scores of the
owner showed no statistically
significant decline over the same
period
• The score evaluates the personal
information on the owner as it
relates to business performance
32. EXPERIAN’S BLENDED SCORE
• Experian says their research data
indicates that 53% of problems for a
business revealed their first signs of
credit problems on the business
credit reports
• 46% of problems first showed up on
the owner’s personal report
• Blended scores outperform
consumer or business alone by 10-
20%
33. EXPERIAN’S INTELLISCORE
BREAKDOWN
• Intelliscore Plus, just like FICO, has multiple facets to the
entire score makeup
• There are 5 different components that makeup the
Intelliscore…
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
35. INTELLISCORE
Scores are based on a number of factors
contained in your business credit report.
• Number of trade experiences
• Outstanding balances
• Payment habits
• Credit utilization
• Trends over time
• Public record recency, frequency and dollar amount
• Demographics such as years on file, Standard Industrial
Classification codes and business size
36. INTELLISCORE
• The Intelliscore is “calculated by a
statistically derived algorithm, designed to
determine risk basead on multiple factors”
• Credit: Number of trade experiences,
balances outstanding, payment habits,
credit utilization and trends over time
• Public Records: Recency, frequency and
dollar amounts associated with liens,
judgments or bankruptcies
• Demographic Information: Years on file,
Standard Industrial Classification (SIC)
code and business size
37. EXPERIAN’S FINANCIAL
STABILITY RISK SCORE (FSR)
• Experian also offers a Financial Stability Risk Score
• This score predicts the potential of a business going
bankrupt or defaulting on its obligations
• FSR scores range from 1-100
• They are broken down into 5 Risk Classes with Class 1
being he lower risk
39. B U S I N E S S C R E D I T S C O R E S
EQUIFAX’S
40. EQUIFAX’S CREDIT RISK SCORE
• Equifax’s main business credit
scoring model is the Credit Risk
Score
• This score was created to predict
the probability of a business
customer becoming seriously
delinquent (90 days late) within a
12-month period
• Credit scores range from 1-100,
with a lower score indicating a
higher risk of serious delinquency
41. • Similar to the D&B Paydex score, the Credit Risk
Score is based on payment history
• All that’s required for a good score is to pay
business obligations as agreed
• The earlier payments are made, the higher the
score will be
EQUIFAX’S CREDIT RISK SCORE
42. • Paid as Agreed 90 +
• 1-30 days overdue 80-89
• 31-60 days overdue 60-79
• 61-90 days overdue 40-59
• 91-120 days overdue 20-39
• 120+ overdue 1-19
EQUIFAX’S CREDIT RISK SCORE
43. EQUIFAX’S SMALL BUSINESS CREDIT
RISK SCORE FOR SUPPLIERS
• Equifax also provides a business credit score for suppliers
known as the Small Business Credit Risk Score for
Suppliers
• This model is designed to help credit grantors improve their
risk assessment and reduce delinquency rates while helping
to improve profitability
• The score utilizes unique bank loans, lease information, credit
card data, and supplier, Telco and utility credit history, public
records and firmographic data from their own Equifax
Commercial database
• The Small Business Credit Risk Score for
Suppliers credit scores range from 101-816
44. EQUIFAX CREDIT SCORES
• Experian also offers several other popular scores that are used by
suppliers, lenders, vendors, and credit issuers
• The Credit Risk Score predicts the likelihood of a business
incurring a 90 days severe delinquency or charge-off over the next
12 months
• The Business Failure Score predicts the likelihood of a business
failure through either formal or informal bankruptcy over the next 12
months
• The Payment Index provides a dollar weighted index of a
business's current and past payment performance based on all
payment experiences in the Equifax Commercial database
45. EQUIFAX BUSINESS
FAILURE RISK SCORE
• Equifax also offers a Business Failure Risk Score with
many reports
• This Risk Score predicts the likelihood that the business
will fail or file for bankruptcy within the next 12-month
period
• This model helps identify businesses that pose a greater
risk for failure so that suppliers and credit grantors can
take appropriate actions
47. FICO SBSS SCORE
• The FICO SBSS score is a measure of
you small business’s credit worthiness
• This score is becoming very popular
with lenders
• This score has also become widely
used by SBA to qualify business loans
• It’s based on BOTH your personal and
your business credit history, not just
your business as the main business
scores do now
48. • The SBSS was actually launched all
the way back in 1993
• Since SBA started using it to evaluate
all 7 (a) loans under $350,000 in
2014, it’s now become even more
popular
• Scores reflect the likelihood of the
applicant paying their bills timely
FICO SBSS SCORE
49. FICO SBSS SCORE RANGE
• Scores range from 0-300
• Higher scores mean lower risk, so the higher score you
have the better
• Personal and business credit history as well as financial
data are used for the total score
calculation
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
50. FICO SBSS SCORE RANGE
• As of 2014, all SBA 7(a) loans must go through a business
credit score pre-screen
• For SBA loans, you won’t be approved with a score below
140
• But they typically set the cutoff as high as 160
• Below that, you’ll probably be denied because of being too
high a risk
• Actually, chances are good the SBA lender won’t even submit
your application to SBA if your score doesn’t meet this
threshold
51. FICO SBSS SCORE FORMULA
• Many factors are taken into account to calculate the FICO
SBSS score, some include…
• The owner or co-owner’s personal credit information
• Business credit history
• Age of business
• Years in business
• Financial data including assets
52. FICO SBSS SCORE FORMULA
• Other score factors include…
• Cash flow
• Revenue
• The last 12 months of Paydex scores from
D&B
• Liens
• Judgments
• Andy other known financial data
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
53. FICO SBSS
• If you have no business credit history and limited time in
business, the highest possible FICO SBSS score you can
get is 140
• But even to get that high of a score youd have to have
pristine personal credit if no business credit is established
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein
54. USED TO EVALUATE LARGER
TRANSACTIONS
• SBSS models are validated for term loans, lines of
credit, and commercial cards all the way up to $1 million
• This helps credit issuers making evaluations for larger
transactions
• If you are applying for bank financing of $1 million or
below, chances are good that your SBSS score is being
evaluated
55. DATA COMBINATIONS
• SBSS gives small business credit issuers different
combinations of data to evaluate the risk of a business
• For example, a credit issuer can choose to only evaluate
the application data of the principle owner, or they can
choose to also include data from one or more of the
business bureaus
• Or they can choose to weight one aspect higher than
another
56. DATA COMBINATIONS
• This is a highly intelligent score because it
automatically goes from one business
bureau to another in whatever order or
priority the credit issuer chooses, to
generate a score
• So if a lender prefers the D&B Paydex score
as the default, the SBSS pulls that data set
• If there isn’t enough info to generate a score,
it then automatically checks another
business score such as the Experian
Intelliscore, or it can even move on to the
Equifax commercial data
57. Ty Crandall, CEO
(877) 600-2487
www.CreditSuite.com
info@creditsuite.com
Grab Your Free 4-Step Business Credit Building Guide
www.CreditSuite.com/ein