NOTE: This impacts many of the lessons below!
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How to access the D&B DUNSmanager® to submit updates or launch slow payment disputes.

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What does January 1st mean to your business credit?


Happy Holidays everyone!

Christmas is almost here, and New Years is right around the corner. For many of us, celebrating January 1st will involve watching the ball drop from Times Square or welcoming a new year with friends and family.

But deep inside D&B's computer, hidden far away from prying eyes, an algorithm will be hard at work, updating the credit reports of more than 200 million businesses to show they are now one year older, and that can make a world of difference for small business owners everywhere.

IF YOUR BUSINESS IS CURRENTLY:

Less than 1 year old

You are now considered to have been in business for one year. Even if you just recently set up shop, you have just crossed the threshold to being a year old. If you already have full scores and ratings in your D&B file, those scores could achieve a slight boost, making you more qualified for basic funding opportunities not previously available. The SBA has wobbled a few times, but they still say 30% of new businesses will fail in their first year.

Two years old

You are now considered to be three years old and what is often referred to as "aged". For many lenders and creditors, this means you have passed some tough tests and are a survivor. You are now eligible for even higher levels of business funding. If you have a D&B file, you will likely be contacted by companies who want your business. According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months.

Four years old

You are now considered to be a five year old business, and that will likely earn you a slight boost in your credit scores and ratings. If D&B has previously verified your business and