A business credit bureau keeps tabs on businesses. The business credit reporting bureaus collect data from various sources, including information from lenders about payment history and information from other creditors, such as suppliers.
There are three major business credit bureaus, plus a few others. The bureaus also collect information from business credit reporting agencies about bankruptcies, liens, and judgments involving businesses. They get that information from public records.
As you know, information about a business’s financial stability is only as good as the data supplied. You should check your business credit report at least once a year.
