When you apply for a business loan, lenders check your credit report to decide if they should lend to you or not. Do you know what information is included in your business credit report? Your report has the following sections:
- Identity and enquiry information
- Company details
- Enquiry summary
- Account summary
- Location details
- Relationships details
- Credit facility details
- Suit filed details
- Enquiry details
All of the sections of your report come together to help lenders develop an all-rounded understanding of your business. This information helps them make their lending decisions.
Here’s an easy guide to help you understand the different sections.
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