Glossary of terms How can I improve my business credit profile?
Use this summary of the full report to get a quick view of the business, and locate areas to investigate more closely. Key Terms in this Section Key terms in this section are defined below. Branches or Divisions A branch is a secondary location of a business. It has no legal responsibility for its debts, even though bills may be paid from the branch location.
It will have the same legal business name as its headquarters, although branches frequently operate under a different trade style. A branch may be located at the same address as the headquarters if it has a unique trade style and unique operations.
In such cases, the branch will appear to be a duplicate of the headquarters record. A division is an operating unit of a business entity with a specific divisional name performing a specific activity normally different than the activity performed at the Headquarters.
A division is different than a branch in that the division is operated like a separate and unique entity it may have divisional officers; however, it is not legally a separate entity. Date Printed Indicates when you printed the report, not when the information was updated.
Employs Total number of employees and if noted, at this location. Financial Condition Provides an overview of a company's financial statement using the designations "Strong," "Good," "Fair" and "Unbalanced.
This offers a quick picture of credit already extended to the company, and if assets are available to be pledged to you as a creditor. See the Public FilingsBanking and Finance sections for details.
It also means the report is free of negative information which could cause the selection of other History captions or designation as a potential higher-risk case.
Standard Industrial Classification SIC SIC is a standardized numbering system developed by the Federal Government that classifies business establishments according to the industries they belong to. It is particularly helpful when you're looking to segment markets, analyze customer relationships, and conduct general business research.
SIC codes divide all major economic activity into ten major divisions. Businesses are then further classified within each division. The first two digits in the code represent a company's major industry affiliation and its subdivision.
For example, the first two digits in "Manufacturing," one of the ten major SIC divisions, range from 20 to The remaining digits break down the divisions into specific activities and "sub-industries. A maximum of six SIC's will be listed for a company. Started Control Date Indicates the year the company started operations, or present management took control.
See the Finance Section for details. Worth The net worth of the business. This element offers another view of the company's financial size.Its services include credit reports, report alerts, credit solutions, business debt collection and more.
You can use this guide to compare Dun & Bradstreet's services to decide if its the right.
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Dun & Bradstreet (D&B) provides a D-U-N-S Number, a unique nine digit identification number, for each physical location of your business.
D-U-N-S Number assignment is FREE for all businesses required to register with .
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