With My Salon Score, insurance becomes a strategic tool for financial growth & security.
How My Salon Score works…
This groundbreaking feature helps business entities build credit through timely insurance payments. It is a unique opportunity in the insurance market, offering a financial advantage alongside traditional insurance benefits.
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Your business credit score, just like your personal credit score, is a numerical representation of your company's creditworthiness. It tells lenders and suppliers how likely you are to repay borrowed funds on time. This score plays a crucial role in securing financing, obtaining favorable terms on loans and credit cards, and even landing new business partnerships.
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Credit Bureaus and Reports: Similar to personal credit, business credit information is tracked by major credit bureaus like Dun & Bradstreet, Experian, and Equifax. These bureaus collect data from various sources, including your payment history with vendors, outstanding loans, and public records. Each credit bureau utilizes its own proprietary scoring model to generate your business credit score. Generally, these scores range from 0 to 100, with a higher score signifying a lower risk of default.
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A strong business credit score opens doors to better financial deals. You'll qualify for loans and credit lines with lower interest rates and terms, potentially snag lower insurance premiums, and project an image of reliability that can attract new partnerships.
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Customers participating in My Salon Score receive monthly emails providing updates on their business credit score with Experian. Questions or concerns regarding the accuracy of your Experian business credit score may be directed to Experian at 866-891-9206, Monday – Friday 9:00am – 9:00pm Eastern
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Your business credit score reflects on-time payments, business age, public records, credit utilization, and accurate business information – all impacting your access to loans, insurance rates, and partnerships.
Why choose My Salon Score?
Assisting small businesses
We are leveling the playing field by helping small businesses build business credit. We are supporting business growth by helping with important credit opportunities.
Less Risk for Business Owners
My Salon Score helps minimize risk for business owners by reducing dependence on personal credit. Take the weight off of your shoulders and let your business go to work for you.
