knowledge

Your business address is about more than location and where you get mail. It can actually affect your ability to build business credit and get funding. Here is what need to know.

Choosing the incorrect NAICS code could end up costing your business and get you labeled as high-risk. This could directly impact your insurance premiums, your financing ability, and even your credit limit recommendations.

Keep in mind that there are several 411 directories. Each carrier maintains their own data. Fortunately, there are services such as List Yourself which will submit your business name and business number to thousands of directories.

Is your business a risky one? How can you tell? Risky business codes and names will tell the tale.

The Financial Stress Score Norms calculate an average score and percentile for similar firms. The norms benchmark where a business stands. This is in relation to its closest business peers.

It is a comparison to other businesses. The percentile contains a Financial Stress National Percentile. The Financial Stress National Percentile reflects the relative ranking of a company among all scorable companies in D&B’s file. It also contains a Financial Stress Score. The report indicates the chance of failure with a particular score.

By Phase 4, the sky is pretty much the limit! You should be able to get:

Most major credit cards with no PG
All vendors should be accessible 

And you should be able to leverage reports for specific vendors. This includes asking for a credit line.