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WHAT IS IT

A brand new way of measuring your business credit health

Canadians can get a credit score to understand their personal credit health. But what about Canadian business owners? Business credit is much different than personal credit, and there hasn't been a simple way for entrepreneurs to measure their business credit health. Until now. Thinking Capital has partnered with Equifax to create the Small Business Grade: a simple letter score that shows you what your business credit health looks like. The Small Business Grade can help Canadian business owners like you discover and improve your business credit health.

WHY IT MATTERS

Build your business's borrowing power and reputation

Your business credit health reflects how well you are able to meet financial obligations. With good business credit, you can establish strong relationships with the lenders and suppliers you rely on to run your business. The Small Business Grade can empower you to understand, build, and improve your business credit health.

Increase borrowing power with lenders

Building your business credit health will help you qualify for better financing from lenders.


Protect your personal credit

Using business credit for business purchases and expenses can help you avoid negative impacts to your personal credit score.


Improve repayment terms with suppliers

Having strong business credit health can help you negotiate flexible repayment terms with your suppliers.


Build long-term business success

By improving your business credit health, you can build a strong reputation with your lenders and suppliers and ensure long-term success for your business.

Increase borrowing power with lenders

Building your business credit health will help you qualify for better financing from lenders.


Protect your personal credit

Using business credit for business purchases and expenses can help you avoid negative impacts to your personal credit score.

Improve repayment terms with suppliers

Having strong business credit health can help you negotiate flexible repayment terms with your suppliers.


Build long-term business success

By improving your business credit health, you can build a strong reputation with your lenders and suppliers and ensure long-term success for your business.

FEATURES

The tools you need

Your Small Business Grade dashboard has been built to give you the right tools, resources, and advice needed to help you build and maintain your business credit health.

Monitoring and alerts

We’ll continue to monitor your business credit and send you alerts for important changes that affect your grade.

Education and insights

We'll show you the top factors that are impacting your Small Business Grade, along with tips on how to improve your grade and your business credit health.

Financing offers

Leverage your Small Business Grade and apply for financing to help you manage your business's cash flow.

HOW IT WORKS

Ensure your business is in good credit health in three easy steps

Verify Your Identity

Enter a few details about you and your business, and we'll be able to provide you with your Small Business Grade

Review Your Grade

Access your dashboard and learn what factors are impacting your business credit health

Get Monthly Alerts

Stay updated on how your Small Business Grade is changing, so that you can take necessary actions

Frequently AskedQuestions


What is Small Business Grade?

The Small Business Grade is a simple metric that helps you understand your business credit health. Like grades on a high school report card, your Small Business Grade appears as a letter score from A to E. The higher your letter score, the stronger your business credit health is.


Does this affect my credit score?

Accessing your Small Business Grade does not affect your personal or business credit scores. Accessing your Small Business Grade is considered a “soft” credit inquiry, which doesn’t impact your credit scores.


Who is Thinking Capital?

Thinking Capital, a leader in the Canadian fintech industry, has reinvented the way small businesses access financing. By combining industry experts and technology, Thinking Capital has enabled business owners to quickly, conveniently, and securely obtain capital to grow their business. Since 2006, more than 15,000 small- to medium-sized Canadian businesses have turned to Thinking Capital for their business financing needs.


How does my business credit health impact my ability to get financing?

Having good business credit health can help you qualify for business loans, lines of credit, and trade credit from lenders and suppliers. It can also help you secure more favourable repayment terms.


Who is Equifax?

Equifax is a global information solutions company that uses unique data, innovative analytics, technology, and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions.


Is Business Credit different than Personal Credit?

Personal credit demonstrates how reliable you are with your personal finances. In comparison, your business credit indicates your business’s ability to pay invoices and bills on time.

Your personal credit report is protected by regulations, which means you must allow permission before anyone can check your personal credit report. In contrast, anyone can access your business credit report, as long as they pay the necessary fees to Equifax. Lenders and suppliers will often look at your business credit report before deciding to provide you with financing or credit. Because of this, it’s important to know what your business credit health looks like and how you can improve it.



How is my data protected?

Security is a top priority for us. Your financial and business information is safely guarded by the world's best technologies. When using the Small Business Grade platform, your data is stored and protected using 256-bit encryption. This leading encryption method is used by financial institutions, militaries, and governments worldwide.


Why do you need my business information?

Your business information is used to generate your Small Business Grade. When generating your grade, Equifax pulls business credit data and information available on your business’s file. If Equifax is unable to find your business in their database, you will be granted a temporary C grade until you’ve taken measures to build your business’s credit file.


How do I turn off monthly monitoring?

If you wish to turn off monthly monitoring, you can do so by clicking “Preferences” underneath your Small Business Grade and turning “Automatic Monthly Updates” off. Monthly monitoring allows you to receive alerts when important changes impact your grade. Our monitoring tool can help you be proactive in improving your business credit health.


Why do you need my personal information?

Your personal information allows us to provide you with a catered and customized experience. It also allows us to alert you when certain activities or occurrences have impacted your Small Business Grade. This can help you take charge of your business credit health.


I found a security issues with the site. Who should I talk to about this?

We take all security issues very seriously, especially when it comes to our customers’ private information. If you believe you have found a security issue with the Small Business Grade, please email us and we’ll resolve this issue as soon as possible.



What are impact factors?

Impact factors are key items that have an effect on your Small Business Grade. There are several factors, both positive and negative, that have an impact on your Small Business Grade. For example, making business payments on time will have a positive impact on your Small Business Grade, while missing payments will have a negative effect.

Some of the key factors that impact your Small Business Grade include your payment history with lenders, your balances on trade credit accounts, and any collection claims, lawsuits, liens, or judgments filed against your business.


How does monitoring work?

Our monitoring feature allows you to receive monthly alerts on how your Small Business Grade is changing. To improve your Small Business Grade, you should focus on addressing the top factors that are impacting your business credit health. Monthly alerts allow you to take regular action to address these factors. Monitoring helps you see how your actions are improving your business credit health and your Small Business Grade.


How do I take advantage of the others?

As you build and improve your Small Business Grade, you’ll be able to demonstrate your business’s creditworthiness to lenders and suppliers. You’ll also gain access to financing offers, such as supplier invoice financing and working capital, in your Small Business Grade dashboard. Leverage your grade to apply for financing and improve your business’s cash flow, all in one place.


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