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The health of your company’s bottom line depends on two things: high revenue and low expenses. The primary goal for profitable businesses is to ensure this gap between income and expenses (the profit margin) is as wide as possible. Most small business owners understand the need to increase sales and boost cash flow. Finding ways […]
Having several different financial resources to choose from is helpful when expanding your business. Flexibility allows your company to adapt to change, especially during periods of uneven cash flow or growth. A business line of credit is an essential financial tool for many entrepreneurs. However, you need to be sure you can manage it. If […]
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.