The Guide To Building Business Credit

Before we get to the good stuff, let's first discuss what exactly is business credit? It's safe to say personal credit and business credit are not the same. A business credit score is a number that indicates whether a company would be a reliable borrower to receive a loan, tradelines, or become a business customer. The business credit score is based on a company’s credit obligations and repayment histories with their lenders and suppliers. Some of the information you'll find on your business credit report is Financial data. This data includes annual sales and may include a financial statement. Payment history. This section shows a company’s payment history for the past several years. This includes invoice activity, outstanding balances, payment terms, and credit limits. Public Records.