What is a business credit score? - Business Insider

give lenders and other finance companies a snapshot of how well you manage your debt and if you're likely to make on-time payments in the future.

Businesses have credit scores too, and they work similarly to personal credit scores in many ways, though the scoring scale is different. If you own a small business and want to better understand how your business credit works, keep reading.A business credit score is a financial measure of a company's history of borrowing and managing credit.

The most popular business credit score systems use a score of zero to 100, with 100 being the best. However, there are multiple credit-scoring models used. Some companies even offer more than one business credit score from the same source. A higher business credit score can help your business in several ways. Like personal credit, it can help you qualify for financing with potentially larger credit limits and lower interest rates. It may also help you qualify for lower business insurance rates., there are multiple companies that track business credit scores. Here are some of the major business credit score models you may come across:The PAYDEX score from Dun & Bradstreet is one of the best-known business credit scores.

Business credit can help you get loans to fund expansion, inventory, seasonal expenses, or just act as a backup plan for times when business isn't going as well as usual. You don't have to sit back and wait for your business credit to simply happen. Take an active role and start working toward an excellent business credit score now.

Business scores only matter if you want to or are dealing with the larger mobs such as banksters, governments, religions, etc. Choose to deal with local wealth and debt hustlers. Takedown The Big Corporate Parasites.

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