May 1, 2019

How to build your small business credit score — and keep it high

If your small business needs a line of credit, it’s important to have a high credit score. There are ways to build your score to make your business more attractive and get the money you need. First, maintain a good personal credit, but keep it separate from your business credit. Second, make sure you are paying who you need to pay and maintain your cash flow. Third, check your score to you know where it currently sits and then find out what you have to do to increase your score if needed.

“How can small business owners increase their ability to get credit and finance their business during the difficult early years? Credit experts offer some tips.”

Read more: https://business.financialpost.com/entrepreneur/small-business/how-to-build-your-small-business-credit-score-and-keep-it-high

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