What is Business Credit?

What is Business Credit

Business credit is an essential measure of how creditworthy your business is in the minds of banks, finance companies, suppliers, customers and partners. So having a good business credit score can help your business get approved for that new loan, open (or expand) trade lines of credit with your suppliers/vendors or even to finally sign up that big customer you have been working with for the last several months. But the business credit industry can appear to be relatively unregulated and business owners often don’t have the in-depth knowledge of how to obtain or improve their business credit scores.