Why A Good Credit Score Is Important To Your Business

Do you know your credit score is?
Do you even know WHAT a credit score is?
Don't feel bad.
Most people don't.
Your credit score tells lenders the type of borrower you will likely be based on your credit history. Scores in the United States run between 300 and 950.
The higher your score the more likely is it that you will be approved for loans at favorable rates and payment terms.
You might think your credit score is not a big deal unless you are trying to get a home mortgage or a new car loan, but in business your credit score is just as important.
Consider this:
You may want to apply for a personal loan to fund the startup of your business.
As your business grows you may want to set up a line of credit with a bank to help manage c View the rest of this article