How do I get creditor information on my Dun and Bradstreet Report if D&B won't provide it?

It was found out that some business owners have problems in getting the names of creditors who have reported them as being delinquent. D&B often gives confusing and/or incorrect information to business owners regarding information on their business credit file and refuses to release the sources of such information. Due to our exclusive knowledge of the D&B system and credit law, we have been doing well in obtaining this information for business owners and also improving their reports before financing applications are submitted. This is indeed truly beneficial for you - and on your business loans requests.

Why must I incorporate or form an LLC?

The advantages of incorporation or forming an LLC are numerous. This is specifically true in reference to building business credit history under a separate business entity. For sole proprietors, the history of the loan shall be recorded under their own name; they will also have lowered FICO scores and loss of credit because of increased debt. In addition, sole proprietors won't have asset protection and tax advantages like those offered by a corporation or an LLC, as they're one and the same as their business. For a more detailed assessment on how this pertains to your individual financial solution, kindly call the office.

Do I need a Dun and Bradstreet (D&B) report to get a business loan?

You 'definitely need this; this is because of the US Patriot Act and "post 9-11" legislation which aim to curb illegal business activity, terrorism, loan fraud and money laundering. Do not fret if you do not have this nor a DUNS number, however; we can always be of service to you so as to put you in the best possible position for financing - unlike D&B. They merely collect information on firms that they sell to outside banks and other subscribers. They are not concerned about obtaining you a financing; in addition, you really need expert advice in complying your loan reports. To reiterate, a loan application without a DUNS report has very high chances of being declined by any lender. As always, the business loan experts at GFS Business stand ready to help you in securing business financing.