Business credit was not created for a company to get around their poor credit score, it was created to protect the owner from personal liability on their business. Why do people create a corporation or LLC? It's to keep their personal liability out of the business. Now, creating a business credit profile allows the owner to use his corporate profile and keep his personal credit and liability separate. Why would you want to use your personal credit and liability when the SBA states, "Over 50% of new small business close their doors in the first 5 years?"
Business credit can secure you more funding than you could get using personal credit as long as your company has revenue and assets. Over the last dozen years, we have helped small businesses achieve the American entrepreneurial dream and are proud to have provided an "educational gateway service" that has led to over $260 million dollars in funding through business credit. Our company has a network of over 3,800 vendors that report to at least one of the three major credit bureaus and 48 banks that extend credit to our clientele. What happens when you take out a personal loan for your business and 2 years down the road want to purchase a house? Guess what, the banks won't lend to you. Having a good business credit profile will also allow you to get better terms than you would with personal credit.
"The longer you delay establishing business credit, the longer you delay taking advantage of business loans." - Wells Fargo
Bones is correct that you do have to setup and pay for a Dnb file. Business credit is fundamentally the same thing as personal credit except instead of it being associated with you; the credit is associated with your business. Most companies don't even know that business credit exists.
"You should differentiate your personal credit from your business credit." - Entrepreneur Magazine
Like bones said, you can do it yourself. It can be very time consuming and you need to become a student because there is a lot to learn about navigating the financial maze.
The Wall Street Journal states, "Lenders check your company's credit report to see if they want to do business with you."
If you would like more information Colby, please contact us, info is in our signature. Here is a link to another posting I made: Why YOU Should Build Your Business Credit
Hope this was helpful. Have a great day!