Business Credit Readiness Checklist

Business Credit Readiness Checklist

Check off each item you have in place. Your readiness score updates in real time — see exactly where you stand and what to tackle next.

• ✓
  Business registered as LLC, S-Corp, or C-Corp

  Required for legal separation and lender credibility
• ✓
  EIN (Employer Identification Number) obtained from IRS

  Your business's tax ID — required to open business accounts
• ✓
  Dedicated business bank account opened

  Keeps personal and business finances fully separate
• ✓
  Business address (not a PO Box) registered

  Lenders and bureaus require a real business address
• ✓
  Business phone number listed in 411 directories

  Dun & Bradstreet and other bureaus verify this
• ✓
  D-U-N-S Number registered with Dun & Bradstreet

  Free registration — essential for business credit building
• ✓
  Business credit card or Net-30 vendor account opened

  First tradeline reporting to business credit bureaus
• ✓
  Business credit report pulled and reviewed

  Check Dun & Bradstreet, Experian Business, Equifax Business
• ✓
  Professional business website and email address active

  Lenders verify your online presence before approving
• ✓
  Business licenses and permits obtained for your industry

  Required for certain financing and vendor relationships
• ✓
  Business financials documented (P&L, balance sheet)

  Needed for most business loans and lines of credit
• ✓
  Personal credit score above 680

  Many lenders check personal credit when business is new
• ✓
  Consistent monthly revenue documented

  6+ months of bank statements showing consistent deposits
• ✓
  Business insurance policy in place

  Required by many lenders and enterprise vendors