Determining how to get business credit is as easy as doing a bit of research and forming a strategy that fits your business.
Your business credit score is a key metric used by banks and other investors when deciding whether you pose a worthwhile financial risk. If you have a poor score, you could miss out on critical business loans, lower interest rates, higher credit limits and more favorable repayment terms.
A business credit report offers a summary of your business’ financial dealings, including your history of paying bills, debt-to-credit-ratio, defaults or bankruptcies, creditworthiness and more.
In this post, we’ll explain how Experian calculates your business’ credit score and walk you through the credit report that comes with it.