Paydex Score: The Ultimate
Guide for Business Owners

D&B PAYDEX SCORE OVERVIEW

If you run a business, you know how important it is to have a good Dun & Bradstreet Paydex credit score.  It can make it easier for you to obtain financing for your company. Furthermore, it can help you get more favorable credit terms and lower interest rates when applying for a business loan or capital equipment financing. There are a number of reports online that indicate up to half of all business owners don’t know their credit scores, or understand how they are calculated. So, we created the ultimate guide with the information you need to know.

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WHAT IS A PAYDEX SCORE?

Your Paydex score is based on your company’s 12-month payment history to vendors, suppliers, lenders, etc.  It is generated and reported by Dun & Bradstreet. Simply put, if your business pays its bills on time, it will have a higher D&B score. The score ranges from 0-100. A score of 90 or higher indicates an excellent payment history, and a score below 80 indicates that your bills have been paid late. The score is dollar-weighted. This means the bigger the bill, the more “weight” it will have on your D&B score.

HOW DO I GET MY PAYDEX SCORE?

In order to get your Paydex score, you need to obtain a Dun & Bradstreet number, also referred to as a DUNS number. You can register online for your DUNS number on the Dun & Bradstreet website. It is free and takes just a few minutes. You will only need to provide basic information about your company such as its name, physical address, telephone number, etc. Once approved, you will receive your unique nine-digit identification DUNS number. If you have multiple business locations, you will need to get a DUNS number for each. Your DUNS number will establish your D&B credit profile, which will be used to determine your Paydex score.

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THE BIG SCORE

3 Steps Toward Becoming a Low-Risk Borrower

  • 1. PAY YOUR BILLS ON TIME OR EARLY

    A prompt payment history is what lenders want.

  • 2. BUILD A GOOD PAYDEX SCORE

    A Paydex score of 80 or higher is excellent

  • 3. GET EASIER ACCESS TO FINANCING

    A good Paydex score can help you secure capital

BUSINESS CREDIT SCORE INFOGRAPHIC

Your Paydex score is just one piece of the business credit puzzle. There are other commercial credit agencies that create business credit scores. Find out who they are, and learn more about the scoring process in this business credit score infographic that we created. Click the image to view the full infographic. You’ll learn the following:

  • How credit scores are calculated
  • Ways you can improve your score
  • The top-3 credit agencies’ scoring systems
  • Interesting facts about credit scores

Click image to view infographic

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GETTING FINANCING WITH A LOW PAYDEX SCORE

A low Paydex score can prevent you from getting the financing your company needs. Banks and lenders will evaluate your Paydex score to measure your financial risk. Your business credit scores from the other two main credit bureaus will be looked at, too. That said, you have options with Balboa Capital. We consider all scores, even those that are lower than 80, for business loans and equipment financing. That is because we have less-stringent credit requirements and don’t require any collateral. It all adds up to an easier approval process for you!

Get the business loan, equipment financing, or franchise financing solution you need. We consider all Paydex scores. Easy application, fast funding!

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