STEP FOUR

1.

Understand The Importance
of your Business Paydex Score
Lets Get Started!

2.

Credit Monitoring &
Notifications / Alerts
Lets Get Started!

3.

Necessary Professional
Business Identity
Lets Get Started!

1. Your PayDex Score

A Paydex Score is assigned by Dun and Bradstreet to reflect a company’s Business Credit Score. The score rates the likelihood of whether a business will make payments to suppliers, lenders or vendors on time, sooner than agreed or possibly late. This score helps the lender determine financial risk. Lenders like Paydex scores of 75+, 78+ and prefer 80+ scores. Since business credit scores range from 0-100, an 80 basically means a business pays it’s bills on-time. To gain scores higher than an 80 a business would consistently need to pay their bills earlier than agreed. Since an 80 Paydex Score means you pay your bills on-time, how does this help you establish more credit? How does this score help you achieve your funding goals? Spotlight Funding is unique in the way we set up and apply for your business credit needs. Spotlight starts by identifying the UNDERWRITING GUIDELINES of corporate lenders. Many lenders will approve your business when you combine a Paydex Score with 3 tradelines. At this point your business is “credit worthy” and can establish many different approvals. When you combine a Paydex Score and 4 tradelines we can use the UNDERWRITING GUIDELINES to provide you with more lenders that will provide approvals based on this combination of the number of tradelines and the Paydex score.

The approvals continue to grow based on the number of tradelines that are reporting and the business credit score that Dun and Bradstreet gives your company.

 Let’s Start With The Basics

WHAT COUNTS AS A
TRADE LINE AND WHAT
ARE PAYMENT EXPERIENCES?

A tradeline is a line of credit that has been extended to a business. A tradeline is of most value if the credit line reports to any of the 3 business credit bureaus. By reporting to the bureaus, the tradeline is reflected as a credit account and each payment is reported as a payment experience. Payment experiences fall into 3 categories. Paid early, paid on time, or paid late. Each tradeline and each payment experience contributes towards a healthy or unhealthy Paydex Score. So be careful, always pay as promised.

HOW DO I ESTABLISH
A PAYDEX SCORE?

Over the past few years the methodology of a Paydex Score continues to change. Currently, a Paydex Score is provided by Dun and Bradstreet when they have had 3 Payment Experiences reported by any number of tradelines. This could be established by 1 tradeline that you have made 3 payments that have been reported. Additionally, you could receive a Paydex Score from 3 tradelines reporting a single payment experience. Realize that you can establish tradelines but they are only benefiting your business credit when they report. So be patient, there are things that are out of your control such as when a lender reports. The building credit process is never a race but a journey. The journey is well worth the end result.

2. Credit Monitoring | Notifications | Alerts | Full D&B Reports

Free Credit Monitoring by Nav
Free Notifications & Alerts By Credit Signal
Free Full D&B Reports by iUpdate
MEET UNDERWRITING GUIDELINES WITH

BUSINESS IDENTITY

Get a complete business identity with Spotlight Funding and get approved faster with your future lenders.

– Get a Free Website

– Get Free 2 Years of Hosting

– Get found on Google, Bing & Yahoo Search Engines

– Get 1000 Full Color Professional Business Cards

START YOUR BUSINESS LISTING

BUSINESS IDENTITY

Get a complete business identity with Spotlight Funding and get approved faster with your future lenders.

– Get a Free Website

– Get 2 Years of Hosting

– Get found on Google, Bing & Yahoo Search Engines

– Get 1000 Full Color Professional Business Cards

GET BUSINESS LISTED

Our Spotlight Business Identity Packages are designed to help new or existing businesses meet the under writing guidelines of High Credit Limit Lenders. This is not a required step if you already have a online business identity, however if you need assistance we can help you get fully established online to increase your approvals and credit limits.

Basic Identity

$195

/One Time Fee

– Free .Info Domain Registration for 1 Year
– Business Website Creation & Launch
– Free Hosting For 1 Year

START BASIC IDENTITY
Premium Identity

$295

/One Time Fee

– Free .Info Domain Registration for 2 Years
– Business Website Creation & Launch
– Free Hosting For 2 Years
– 1000 Full Color Double-Sided Business Cards

START PREMIUM IDENTITY
Premium Plus Identity

$495

/One Time Fee

– Free .Info Domain Registration for 2 Years
– Business Website Creation & Launch
– Free Hosting For 2 Years
– 1000 Full Color Double-Sided Business Cards
– Search Engine Visibility: Google, Yahoo & Bing

START PREMIUM PLUS

Progress Recap

This step is designed to help you understand the importance of the Paydex Score you will soon have. It’s equally important to know where you stand in the credit reporting process. Nav.com will also provide suggestions on business credit cards that you may be eligible for.

The excitement has just begun. We look forward to exceeding your business credit expectations.
When Is Step 4?

2 Weeks. This will provide you with additional lenders that we can apply for once your first tradelines have reported. These additional lenders are considered “Round 1” lenders and are often considered starter credit. We have 4 Rounds for your business as your tradelines and scores grow. This is just the begining.