Take Steps to Establish Your Business Credit with Lili and Dun & Bradstreet
In today’s competitive business landscape, building strong business credit is more important than ever. It not only provides a safety net during challenging times but also enhances your company’s credibility and reputation. Strong credit scores can secure favorable financing terms and attract investors, while signaling reliability and trustworthiness to suppliers, partners, and customers. It can also help you qualify for various types of funding, such as business credit cards and SBA loans, that can fuel growth.
With a majority of small businesses relying on their personal savings to fund their business due to lack of access to credit and capital, the need for more tools to help small businesses succeed is pressing.
So, how do you begin this process? Lili, in collaboration with Dun & Bradstreet (D&B), has made it easier for small businesses to take steps to establish their path to business credit.*
Introducing Lili’s Collaboration with D&B
Lili has teamed up with D&B, a global leader in business decisioning data, analytics, and business credit reporting solutions, to enhance the next generation of business banking. Thanks to this new collaboration, you can now open a Lili business checking account directly from D&B’s myD&B platform. This will provide access to a range of products and solutions in one centralized portal, allowing business owners to potentially impact key business scores.
Sync Your Financial Data for a Boost in Business Credit
Once you open a Lili business checking account, you can sync your financial data with D&B Credit Insights. This integration means that your checking account activity could potentially impact key D&B business credit scores, giving you a valuable tool in building and improving your business credit profile.
Through D&B Credit Insights, you can regularly monitor your business’s scores and ratings, which provides valuable insights into your financial strengths and weaknesses, assisting you in making informed high-stakes decisions. You can also set up alerts and be notified about changes to your business credit profile, so you can always make informed decisions.
Why Business Credit Matters
For more than three-quarters of small business owners, access to capital is a significant concern. The hurdles in accessing credit are real, and can significantly hamper growth. That’s where Lili and D&B come in. By opening a Lili business checking account through the myD&B platform, you’re not just managing your finances—you’re actively taking steps to help build and strengthen your business credit.
Get Started Today
If you’re ready to take control of your business’s financial future, there’s no better time to get started. With Lili and D&B, you can help establish your path to business credit and open up new opportunities for growth. Look forward to additional upcoming initiatives focused on building business credit and shaping the next generation of business banking, designed to empower your financial growth.
Ready to get started? Open your Lili business bank account today!
Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.
* By integrating your Lili Business Bank Account through the D&B Credit Insights banking integration feature, there may be potential for you to positively impact your Delinquency and Failure Scores. Dun & Bradstreet requires a minimum of six months of business banking transaction history to be able to potentially impact these scores. D&B may earn a commission from Lili for referrals.
