How Can I improve my business credit score?

By Walter Nunez & Yhordan Serpentini

Business credit scoring is a very important part of your business that is based on how you pay your bills. Having a low credit score will be detrimental to your overall business growth as you will scare off potential investors and clients, as well as have a harder time gaining access to loan capital to pay for your operational fees. So, you’re probably wondering: how can I improve my business credit score?

It is actually a lot simpler than you might think and works very similarly to a normal credit score. If you pay the majority of reported accounts on time or early, you will have a good score. Most business owners have little to no credit reporting. So, even one negative account can have a BIG impact on their business credit score.

It’s essential that you continuously build your business credit profile just as you do with your consumer credit. One of the best ways to battle negative information on your report is to offset it with LOTS of positive information. So continuously build your business credit profile just as you do with your consumer credit.