Applications are welcome from: UK, Europe, USA, Asia, Africa, Caribbean, South America, Australia, Canada...Worldwide
Credit Profile |Apply for Business Credit Profiling
Make sure you have a B2B business credit profile if:
You are planning to obtain a business loan, You need to purchase or lease equipment or vehicles Your cash flow is tight You want business overdrafts or lines of credit You want to pay net 30 days instead of COD
What is business credit?
Your business credit record is the primary way that companies evaluate whether to do business with you and on what terms. Companies rely on your business creditworthiness to make critical decisions, including whether:
to sell to you
to lend you money
you are viable as a partner
to lease the equipment for your business
to increase your line of credit
to buy goods and services on credit terms
to give you favourable financing rates and terms
you stack up favourably against other companies
Limited & PLC Companies Partnerships Sole Traders Voluntary Organisations Community Organisations Charities Offshore Companies Companies Worldwide
By improving your business credit profile, you will not only avoid mistakes and omissions, but you can be confident that your business is always being evaluated in the best possible light.
What is in your credit profile? What is it telling other companies about you?
Your business credit profile is like your business ‘Curriculum Vitae’; it contains critical information that other businesses use when deciding whether, and on what terms, to do business with you.
How can I improve my Business Credit Profile? With our Business Credit Profile you can raise funding for your business; you can influence your business profile, and you can proactively improve your business’s creditworthiness; once you know what information is most important, you can pay more attention to it.
The Enhanced Credit Information Service benefits both the consumers and providers of finance and credit. It enables the credit and finance industry to accurately assess the current risk of providing finance or credit insurance to SMEs with visibility, control and the opportunity to obtain the best possible terms and conditions for finance, invoice discounting or credit insurance for their business.
How The Credit Information Service Work
The payment experiences other companies have with you are the most impactful data in your business credit profile. Ensuring all relevant trade experiences are represented.
Keeping your personal finances in good order. Keeping your business credit profile in good order. Keeping your debt financing down. The capital structure of your business—that is, the extent to which you use equity or debt to finance your operations—is an important determinant of your creditworthiness. Contributing to your own profile. Some credit managers prefer detailed reports with a lot of supporting information, enabling them to assess risk based on a broader frame of reference. Keep an eye on the key financial indicators in your own report to see how they compare to other companies in your industry.
Every business decision you make and every transaction you undertake can impact what information your suppliers, service providers, customers, and business partners see about your business. It could be major transactions like paying vendors or making lease or mortgage payments, but it could also be seemingly smaller transactions like equipment leasing, advertising, shipping packages or underwriting insurance. Every business transaction you make affects what the business world sees about your business. All these changes can affect the terms you get from your creditors or your bank; they can affect the prices you pay for insurance, all having an impact on the lifeblood of your business, cash flow and your reputation. In today’s world it is critical to keep on top of your record, it’s a CV on your business and it impacts your credit score, your attractiveness to vendors / service providers and your brand image.
Keeping on top of your business profile enables you to see how your business partners see you. The terms, credit limits and rates you receive from vendors, service providers, banks and insurance companies greatly affect your cash flow. By monitoring your profile and maintaining a strong credit score you can get the most favourable terms and rates that enable you to save money and improve your cash flow.
The ability to conduct timely and informed risk assessments is central to trade credit insurers. With our Business Profile to raise funding program your business profile will included:
Management accounts
Business Plans - with detailed underlying assumptions for key figures such as sales and margins
Cash Flow projections - showing available headroom within existing financing facilities
Sensitivity analysis
Details of funding or banking arrangements - including term, overdraft and revolving facilities, and applicable covenants.
Capital expenditure plans and details of funding.
Credit Insurers:
AIG
Atradius Credit Insurance
Coface
Credit Indemnity & Financial Services (CIFS)
Euler Hermes
HCC International Insurance Company
QBE European Operations
Zurich
