Paydex Score Guide

Here is everything you need to know about the Paydex business credit score.

Paydex score overview.

As a small business owner, you know how important it is to have a good Dun and Bradstreet Paydex score. It can make it easier for you to obtain financing for your company. Furthermore, a good Paydex score can help you get lower rates and favorable terms when applying for a small business loan, equipment financing, or one of the other types of business funding.

There are a number of reports online that indicate up to half of all business owners do not know what their business credit score is, or understand how it is calculated. Therefore, Balboa Capital created the ultimate guide with the information you need to become familiar with.

paydex score

How is my Paydex score calculated?

Your Paydex score is based on your 12-month payment history to vendors, suppliers, lenders, etc. It is generated and reported by Dun and Bradstreet. Simply put, if your small business pays its bills on time, it will have a higher 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 were paid late. The score is dollar-weighted. This means the bigger the bill, the more weight it will have on your score.

chalkboard with credit score check boxes

How do I get my Paydex score?

In order to get your Paydex score, you need to obtain a Dun and Bradstreet number, also referred to as a DUNS number. You can register online for your DUNS number on the Dun and Bradstreet website. It is free and takes just a few minutes. You will need to 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 Dun and Bradstreet credit profile, which is used to determine your Paydex score.

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Can I get financing with a low Paydex score?

A low Paydex score can prevent you from being able to get small business funding. Business lenders will evaluate your credit profile 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 credit scores for each of the small business funding products we offer.

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