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Business Principal Reports
Do you want to learn more about a potential new business contact?
When an enterprise is a small proprietorship or brand new business,
a commercial credit report may not reveal everything you need to know to make an informed decision about pursuing a
business relationship with them. To learn more about their business you may wish to order consumer credit reports on
the owners, presidents or partners in the business. *Equifax has a comprehensive database of more than 22 million
Canadian consumer credit reports to query to learn more about a business you may be dealing with.
(*A company must have a legitimate business reason and permissable purpose, as stated in government regulations, to obtain a
consumer credit report).
To obtain a Business Principal Report you will need the permission of the individual consumer.
Obtaining permission can be achieved by adding wording to your existing credit application indicating that a consumer
credit report may be required to conduct a more thorough assessment of the business.
Benefits
- Reduce your risk on smaller accounts with information about the proprietor’s personal credit picture
- More information means more applications for credit will be accepted and your revenues will increase
- Make decisions with confidence leveraging Canada’s largest single source or Commercial and
Consumer credit information
Download the Sample Business Principal Report (Adobe
Acrobat File, size 24 KB).
Download the Business Principal Report Brochure (Adobe
Acrobat File, size 39 KB).
Want more information?

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