As a business owner, you may need a loan at some point. Having healthy business credit will ensure you get the best rates and highest amount you can get for an affordable loan. Keep on top of your credit with these five free tools.

Each month, we’re sharing and promoting free or affordable tools that help small business owners run their businesses better. Here are five free business credit tools.

As a business owner, you may need a loan at some point. Having healthy business credit will ensure you get the best rates and highest amount you can get for an affordable loan. Keep on top of your credit with these five free tools.

Nav Business Credit Scores

What it costs: Free

What it does: There are different agencies and different scoring systems for business credit versus personal credit. Nav provides a free tool to check both as well as resources for interpreting business credit scoring.  

Annual Credit Report 

What it costs: Free

What it does: If your business doesn’t have a separate credit established and you currently rely on your personal credit, it’s doubly important to be aware of your credit report. Annual Credit Report offers you one free pull every 12 months from all three of the major credit bureaus: Experian, TransUnion, and Equifax. This service is the official site authorized by the federal government. There are many lookalikes trying to scam you, so make sure you verify that you have the correct URL every time.

Department of Justice’s List of Credit Counselors

What it costs: Free

What it does: If you need help with your credit, it is important to find a reputable credit agency so you don’t get scammed. The Department of Justice (DOJ) has a comprehensive list of nonprofit budget and credit counseling agencies, organized by state. Many of these agencies may also be able to provide services in languages other than English.

Consumer Financial Protection Bureau

What it costs: Free

What it does: The Consumer Financial Protection Bureau has lots of resources free for you to learn, fix, and build your credit. This is the place to check if you believe you have been a victim of identity theft, think the credit bureaus have false information, want to know your rights, and more.

CreditSignal

What it costs: Free

What it does: CreditSignal, provided by one of the business credit bureaus Dun & Bradstreet, is a service where you can get free alerts when your business credit score changes. Your life as a small business owner is busy, and you can’t be expected to keep your eye on your business’ credit every day. That’s where CreditSignal comes in – they’ll send you alerts through email and on their app whenever there is a change.

 

We’re always looking for the best affordable online resources including tools to promote to small business owners like you. If you have a tool you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.

For information about Opportunity Fund’s small business loans including Mobile Food Truck loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $700 million and helped thousands of families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

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Opportunity Fund. Working Capital for Working People. opportunityfund.org