Personal Business Credit Score Difference – your Social Security number is connected to your personal credit report. Business credit is linked to your Employer Identification Number (also called a Tax ID Number), which is how your business is identified for tax purposes. Most U.S. banks will require an EIN In order to open a business checking account. You can apply for an EIN online at and receive it quickly.

Another difference between personal credit reports and business credit is the privacy. Your personal credit reports are federally protected; and are only available to only you (soft pulls) and the companies that have permissible purpose to run your credit (hard pullls).  Conversely your business credit reports can be accessed by anyone who is willing to pay for a copy.

 Click below to see different industries, business strategies, and how to get started.



Your personal credit scores range from 300 to 850. Business credit has different scoring models and sometimes have multiple scores ranging from 0 to 100 (want to be in the 80-100 range). Fair Isaac Corporation has a business score model called the Liquid Credit Small Business Scoring (SBSS). The SBSS score ranges from 0 to 300. Many banks use the SBSS to approve SBA loans less than $1 million. The minimum score for a SBA loan is 140.



According to Wikipedia a credit report is a record of your credit history reported by your creditors and is available from a variety of sources. Trans Union, Equifax and Experian are the three major personal credit reporting agencies in the United States. The three major credit reporting agencies for business credit are Dun & Bradstreet, Equifax, and Experian. The Fair Credit Reporting Act (FCRA), allows you to obtain a copy of your credit report from all three credit bureaus, free of charge, once a year. Easily viewed online at Business owners have to pay a one of the following fees:

Report Includes: Commercial Credit Score; Business profile with industry codes; Industry trends; Paydex Score; Financial Stress Score; Payment histories;; Credit limit: recommendation; Liens, bankruptcies, and collections.

  • Equifax Small Business Account: Approx. $100 to $400

Report Includes: Business Credit Risk Score; Business Failure Score; Liens, bankruptcies and collections; Payment histories; Business profile with industry codes

  • Experian Business Account: Approx. $50

Report Includes: Credit Ranking Score; Credit limit recommendation; Liens, bankruptcies, and collections; Payment histories; Business profile with industry codes


The North American Industry Classification System (NAICS) is used by business and government to classify business establishments according to type of economic activity in America. The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code. It is important for your business to be correctly classified. Classified with the wrong business codes can get your business labeled as a high risk and directly impact your financing ability

The following are high-risk classifications:

  • Adult Entertainment
  • Car Sales
  • Dry Cleaners
  • Money Lending/Collection
  • Real Estate Investing
  • Restaurants
  • Trucking/Transportation


One of the most important steps you can take as small business owner is building your business credit profile.  This opens you up financing opportunities and business relationships that make it easier for you to run and grow your business. Credit scores are used by lenders and creditors to help them decide whether or not to approve a loan or extend credit. A credit score can be a personal credit score (based upon a personal profile) or a business credit score (based upon a business credit profile).  It is important to know your personal credit score is also an important factor in determining your business credit score and that lenders look at both scores when evaluating a loan application.

Learn more by visiting our page WHAT IS CREDIT

Personal Business Credit Score Difference

 Click below to see different industries, business strategies, and how to get started.