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Are you ready to grow your business? Your credit score can help!
You might not realize it, but if you own a small business, your business has its own credit score as well. Unlike your FICO, your business’ score runs from 1 to 100. The better it is, the more easily you can secure credit. This credit can be in the form of small business loans or even a credit card in your company’s name.
That’s why it’s important your company’s credit score is in good shape. Not only will you find it easier to get credit, you’ll also get better terms and more favorable interest rates on the business credit you are able to secure.
I Do Now?
Remember that keeping your business credit in good shape is essential. However, things happen, when your bottom line gets stretched thin and you find yourself fighting to make ends meet. The temptation to overextend, especially on business credit, is tempting. That’s why sometimes even the savviest business owners need credit counseling for their small to mid-sized business. We have specialists that focus on helping owners with credit repair for their business so that the ledger at the end of the month doesn’t end up in the red. If a low business credit score is interfering with you securing a small business loan, let us help.