Capital One® Launches Business CreditWise(SM) to Help Business Owners Access, Understand and Manage Business Credit

Business CreditWise offers free, unlimited access to a comprehensive view of a company’s credit report to help business owners better understand their credit and what impacts it

Capital One (NYSE: COF) is helping demystify business credit for today’s business owners with the launch of Business CreditWise, an easy-to-use tool providing unlimited, free access to a company’s credit profile. Business CreditWise is available to any U.S. business (not just Capital One customers), and can be accessed at any time without impacting business credit.

“Business credit is a critical component of a company’s ability to secure financing, yet our research shows less than half of business owners have ever viewed their business credit reports,” said Jenn Garbach, head of brand and marketing for Small Business Card at Capital One. “Our goal is to empower businesses with products and tools that help them succeed and grow. With Business CreditWise, business owners can quickly and easily access their credit, correct mistakes and understand what is impacting their overall credit report, free of charge.”

According to a recent Capital One survey, nearly one third (31 percent) of small business owners have either never heard of business credit reports or know very little about them. By proactively managing their credit, businesses gain other important benefits such as better access to funding; becoming trusted partners, suppliers and vendors; and growing their businesses to capitalize on market opportunities.

Business CreditWise provides business owners with a free, in-depth view of their business credit reports, and includes:

  • Unlimited access to your business credit report, sourced real-time from LexisNexis Risk Solutions, with no impact to your business credit
  • A comprehensive view of key factors that impact business credit under four pillars: Business Details, Payments, Credit Usage and Public Records
  • A guide to interpret your business credit report the same way lenders do with helpful, educational tips
  • The ability to find and fix inaccuracies for free, with no hidden fees, by submitting disputes to LexisNexis Risk Solutions

“At Capital One, we are dedicated to helping business owners unpack the complexities of their business credit and manage this aspect of their financial reputation,” continued Garbach. “We launched CreditWise for consumers in 2016, and since then millions have enrolled in the credit monitoring tool to help understand, improve and protect their credit. We are excited to add Business CreditWise to our suite of tools and features designed to help business owners manage their finances and make well-informed decisions.”

About Capital One Spark Business
Capital One® offers a broad spectrum of financial products and services to consumers, small businesses, and commercial clients. Spark Business® from Capital One offers a diverse suite of financial products, tools and services designed specifically for small businesses, including credit cards with unlimited rewards and banking products and services. Today, Spark Business works to address the unique needs of millions of business owners across the U.S., so they can focus on what they are most passionate about – running and growing their business.

SOURCE Capital One

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