https://www.greggbryant.com/business-credit Monitoring and maintaining your business credit is an important step that most business owners neglect. Banks and lenders, vendors and suppliers, insurance company’s, and even current or potential customers are increasingly relying on business credit scores to make credit decisions.
Problems in your business credit file could result in higher interest rates or may limit your ability to obtain capital. You must take control by doing a business credit check periodically and monitoring your business credit score on a regular basis.
In addition to protecting your own company’s credit, business credit reports can help you make better-informed business decisions. By checking the credit profiles of vendors and suppliers, partners or potential customers, you can protect your company from financial risk and avoid extending credit to the wrong companies.
How Personal Credit Affects Your Business Credit