E-renter.com is an exclusive service provider of commercial credit reports for businesses all over the U.S. Our aim is to provide credit and financial risk information tools to our clients so that decisions can be made by our members and customers to reduce their risks and improve their profits. E-renter.com is the premier provider of business credit information, offering timely and dependable services. Before you extend credit to your customer you need to know how they have handled their financial obligations in the past.
A business credit report will show you actual trade payment experiences, public record information, company background and comparative data, placing a company's payment performance in context with its industry.
Each business credit report contains the following:
?Executive Summary ? a quick glance at a business' credit behavior
?Historical Payment Guide ? Analyze recent trends in payment behavior
?Significant Derogatory Data ? Identify legal balances from liens, judgments, collections or bankruptcy
?Days Beyond Terms ? Shows on average how many days beyond terms it take the company to pay their bills
?Industry DBT ? Compare the company's DBT with those in the same industry
?Predicted DBT ? Experian's estimate of the firms DBT 60 days from the date of the report
?Actual Payment Experiences ? Payment History by business category
?6 Month Payment Trend ? Month by month analysis of recent payment trends
?15 month Payment Trend ? A quarterly review of payment trends
?Payment Terms ? Know the terms set by other vendors.
My Business Credit Report
Business credit is essential for the survival and proper functioning of any business. The type of business credit used to finance a business will depend on the size and characteristics of the business itself. If you are a business owner, the good news is that you have a variety of business credit options available to you. For proprietors of small businesses, the most commonly used source for business credit is small business loans.
These types of loans can be obtained from private sector providers such as banks. The market for the provision of small business loans is highly competitive. This often means that that each bank tries to provide the lowest rate loans with favorable repayment options. As a result, your chances of obtaining cheap business credit are greatly increased.
The other business credit avenues which you might elect to take include start-up loans, secured/unsecured loans, commercial real estate loans, merchant account cash advances, and accounts receivable factoring, amongst others. Perhaps the best place to start looking for adequate business credit is on the Internet, since there is a wide range of business credit providers to choose from online.
Furthermore, their websites provide you with comprehensive information and fast and accurate online quotes. First of all, before you begin your search for business credit, it is vital that you draw up a business plan. A business plan will enable you to select the best form of business credit, and it will ensure that you are safeguarded against unforeseen financial circumstances.
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