home equity line

[Construct'O]

I use to get papers from Dun + Bradstreet,but it has been years since i have gotten a rating from them.I have been in busniess for going on 33 years this year.

So why don't i get anything from them anymore.Do you have to ask for a report now?Just wondering.I was thinking at one time you needed one to bid work,but that has been a while ago.:beatsme:usa

 

[Orchard Ex]

Do you even get a "Business Credit Rating" if you have a Sole Proprietor business structure? I thought that it all gets mixed together. As a SP your house is at risk already if anything happens. Have you thought about really separating the business from personal by at least making it an LLC? (assuming that LLC's are available in your state)

 

[BIGDAN315]

Do you even get a "Business Credit Rating" if you have a Sole Proprietor business structure? I thought that it all gets mixed together. As a SP your house is at risk already if anything happens. Have you thought about really separating the business from personal by at least making it an LLC? (assuming that LLC's are available in your state)

Not sure on how you go about it but You might be right. I will look into it. Thanks

 

[Finance Guy]

We also can utilize an Experian Business Report to gather information.

Yes, you can have a business credit rating as a Sole Prop.

A SP does leave yourself open as an individual as far as liability if something were to happen. Incorporating or LLC provides a separation that can save you in the event of something.

As an individual I believe you have to request info from D&B.