How to Check My EIN Credit | UpCounsel 2024 (2024)

Checking your Employer Identification Number (EIN) credit provides you with insight into your business's creditworthiness.3 min read updated on January 01, 2024

Updated October 30, 2020:

Checking your Employer Identification Number (EIN) credit provides you with insight into your business's creditworthiness. Like a personal credit score, your business credit score reflects the likelihood of your company providing timely payments on its debts.

What Is an Employer ID Number?

An EIN is one type of tax ID the Internal Revenue Service issues to businesses. Like an individual's social security number, this nine-digit number helps the IRS identify and track payments to businesses with employees, including:

  • Limited liability companies
  • Partnerships
  • Corporations.

What Is a Business Credit Score?

Like personal credit scores, businesses also have scores that show their creditworthiness to lenders. Because your business's credit score reflects your history of paying bills on time, banks and other lenders will use credit reports to consider approving your business for a loan or for another financing. These reports help them determine the likelihood that your business will pay them back the money they lend to you.

In addition to lenders, business credit scores tell your vendors and suppliers how likely you are to pay them for the products or the services they provide your business. Good credit scores also help your business qualify for lower rates on business insurance and some loan options.

How Are Business Credit Scores Calculated?

Business credit scores are calculated based on your company's financial history, such as:

  • Credit utilization rate
  • Debt payment history, including outstanding debts
  • Length of credit history
  • Bankruptcies, liens, and judgments
  • Size of your company
  • Industry risk.

How to Use Your EIN for Credit Purposes

To establish business credit using an EIN, your business must apply for a DUNS number. This number is issued by the credit bureau, Dun & Bradstreet. You must provide information such as:

  • Your company's legal name
  • Business structure
  • Year of establishment
  • Number of employees
  • Any alternate names your company uses (“doing business as” names).

Improving Business Credit Scores

Once your company obtains a DUNS number, the following are some suggestions that will help your business establish a good credit score:

  • As a sole proprietor, your personal financial information is combined with your business's financial information. As a result, any missteps in your personal credit could damage your company's credit score. Structuring your business as an LLC or corporation will help separate your personal credit from your business credit.
  • Pay vendors and suppliers in a timely manner. Use your EIN when applying for credit trade accounts with your vendors and pay the amount in full prior to the due date.
  • Build your company's credit scores by using your EIN to apply for a business credit card. Make any necessary purchases and repay the amount in full prior to the due date. Alternatively, you can use your EIN to apply for a small business loan, which you should repay in full prior to the due date. As another option, you can use your EIN to apply for a small business loan, which you should repay in full prior to the due date.
  • Contact any businesses that your company has credit with and ask where they report that your company has made its payments on time. This lets you know which business credit reports you need to monitor. If you discover that not many of these businesses are reporting your good credit, consider opening accounts with companies that do report your business's good credit to reporting agencies.

How to Check Your Business Credit Score

Your business should periodically monitor its credit score and make any updates or corrections as needed. The primary credit agencies that businesses use for credit reports are:

  • Dun and Bradstreet: Often used by vendors and suppliers to evaluate trading terms with your business. This score reflects the timeliness of your company's bill payment history.
  • Experian: Often used by lenders when considering your business for loans or lines of credit. This score predicts the likelihood of your business being delinquent with repayment within the next year.
  • Equifax: Often used by vendors, suppliers, and lenders. This report provides a credit score, a credit summary, an analysis of your company's payment trends, and a listing of public records, such as bankruptcies, liens, or judgments.

If you need help with how to check your EIN credit, you can post your legal need on UpCounsel's marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb.

How to Check My EIN Credit | UpCounsel 2024 (2024)


How to check your EIN credit score? ›

You can find your business credit score by checking one of the three main business credit bureaus. Decide which of the three main business credit bureaus—Dun & Bradstreet, Experian Business, or Equifax Business—you want to use to access your credit report and score.

How do I check my LLC business credit score? ›

Free options to check your business credit score include: Dun & Bradstreet CreditSignal. This free service from Dun & Bradstreet allows you access to your business credit score, with notifications when your credit score changes and how to improve it.

How to check credit score with tax ID? ›

To get a copy of your credit report with an ITIN from Experian, you can submit a request with specific required information in writing. If you have an ITIN rather than an SSN, Experian will rely on other identification elements to compile your credit history. If you need help, call Experian at (888) 397-3742.

How to get credit with an EIN number? ›

It's entirely possible to sign up for a business credit card using only your EIN, but it will have to be a corporate one. Corporate cards are the only type of business credit cards that only require an EIN. They're intended for established companies and usually come with high revenue and cash-on-hand requirements.

Does an EIN number have a credit score? ›

While your personal credit score is tied to your Social Security number, your business credit score is tied to an Employer Identification Number — or EIN. This helps you keep your personal financial information private while you build and maintain your business credit score.

How to check credit score? ›

Learn about your credit report and how to get a copy
  1. Online by visiting
  2. By calling 1-877-322-8228 (TTY: 1-800-821-7232)
  3. By filling out the Annual Credit Report request form and mailing it to: Annual Credit Report Request Service. PO Box 105281. Atlanta, GA 30348-5281.
Mar 26, 2024

What is a good credit score for an LLC? ›

A good credit score for an LLC is typically considered to be in the range of 600–800, similar to your personal credit score. The higher your score, the better it looks to potential lenders and vendors who might want to do business with you.

How do I know if my business credit is good? ›

D&B offers multiple business credit scores. Its Paydex score, which measures payment history, ranges from 1 to 100, with higher scores reflecting better credit. A score of 80 to 100 means your business represents the best credit risk.

How long does it take for an LLC to get a credit score? ›

It can take three or more years to build a strong credit history for your business. However, there are steps you can take to start immediately, and you may qualify for some business credit opportunities after just one year.

How can I check my account credit score? ›

Log on to the official CIBIL website and click on Know Your Score. Fill up the online form which asks for details such as name, date of birth, address, id proof, past loan history and other relevant data. On filling the form and accepting changes, you will be taken to the payments page.

How do I check my credit score with SSN? ›

This is easy to do by phone:
  • Call Annual Credit Report at 1-877-322-8228.
  • Answer questions from a recorded system. You have to give your address, Social Security number, and birth date.
  • Choose to only show the last four numbers of your Social Security number. ...
  • Choose which credit reporting company you want a report from.

Does IRS do credit checks? ›

If the IRS uses credit report information to verify your identity, it will cause a soft inquiry to appear on your credit report. Soft inquiries will be removed from your report after about two years and will not affect your credit scores.

Can I get a loan under my EIN number? ›

Can I Get a Loan with Just My Business EIN? Yes, there are certain circ*mstances where a lender will not use your personal credit score, but only your EIN as a factor in lending to you. Note that they won't just use your EIN in isolation, as there are many factors that go into qualifying for a small business loan.

Can I get a PPP loan with my EIN number? ›

Each owner must be accounted for in the PPP application form. Along with each owner's TIN, EIN, or SSN, lenders will also require a government-issued ID such as a Passport or a state- issued Driver's License.

Can I use my EIN to buy a car? ›

Yes, it is possible to buy a car with an EIN number, you just need to be sure to clarify with the sales team that this is your intention. When buying the car, make it clear that it's a business purchase of the vehicle, not a personal one as this impacts which credit application you'll have to fill out.

How can I check on my EIN? ›

Ask the IRS to search for your EIN by calling the Business & Specialty Tax Line at 800-829-4933. The hours of operation are 7:00 a.m. - 7:00 p.m. local time, Monday through Friday.

What credit score does an LLC start with? ›

While LLCs can be started at any credit level, there will be some notable disadvantages for business owners who have bad credit.

How long does it take to build credit on EIN? ›

It can take three or more years to build a strong credit history for your business. However, there are steps you can take to start immediately, and you may qualify for some business credit opportunities after just one year.

What should your business credit score be? ›

Its scores range from one to 100 as well. A score of 76 or above is typically considered to be a good Experian business credit score, and 50 to 75 is still considered fair. FICO Small Business Scoring Service.

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