Raising finance is necessary within the construction industry, and with the right resources, it can be a swift process. Favourable credit profiles are essential, as they are used during the funding approval process to assess lending risks.
Your risk banding affects the interest rates and terms you will be offered. Knowing and improving your credit profiles across the credit rating agencies could benefit your business.
Discover how Lightbulb Credit can support you to raise finance
Lightbulb Credit understands the construction industry and the importance of raising finance for managing operations and funding large-scale projects. Credit profiles also contribute to borrowing limits, credit terms and interest rates. Before attempting to raise finance, it is important to know and understand your credit profiles.
- How your business is rated by the UK’s key trade credit agencies
- Changes to your credit profiles in the last 12 months
- The risk bandings that your company is classified by
- CCJ data and additional data insights.
Lightbulb Credit is the only company in the UK that checks your credit profiles across all key rating agencies:
- Dun & Bradstreet
- Red Flag Alert.
Once you understand your credit profiles, you can assess whether you need to improve them before attempting to raise finance. With Lightbulb Credit’s Credit Improvement service, the “success fee” means that you do not pay a penny if they can’t improve your profile, it’s risk-free.
Founded in 2018, Lightbulb Credit has added 1.5 billion pounds to clients’ balance sheets. With bespoke solutions, including a free Company Credit Insight Report, Credit Improvement and Credit Monitoring, thousands of businesses have benefitted from Lightbulb Credit’s services.