Cryptocurrency Business Credit Scores & Reports

Strong business credit scores can be key to getting your company approved for trade credit and financing. But they can be very different than personal credit scores.

Personal credit scores rank creditworthiness of individuals, business credit scores do the same for businesses. Personal credit scores range from 300 to 850. Business credit scores range from 0 to 100. Major business credit reporting agencies Dun & Bradstreet, Experian, and Equifax produce business credit scores and reports. FICO scores for small businesses are known as “FICO SBSS.

LedgerScore is the only Credit Report that incorporates cryptocurrency transactions into their reports.

When you apply for business credit, potential creditors and lenders will view the report to determine your company’s creditworthiness. They will use the information to evaluate how well your business repays its debts, and negative marks can cause you not to get approved, or lower the amount of credit they will extend, or limit the terms under which that credit will be given.

Customers and other businesses that are being considering using your business may also review your company’s credit history before working with you.

Besides lenders and creditors, several other parties may be interested in reviewing a business credit report. Business insurance companies, for example, assess a business’s report as part of the underwriting process.

There are multiple levels a business can get verified. Once verified individuals can also add their LedgerScore ID verifications to the business profile. Knowing who you do business with is just as important as your payment history.