How to Raise Your Credit Score
Whether you’re a business owner or an aspiring entrepreneur, there’s little doubt that the availability of capital and sources for loans play a critical role in your overall success. Your eligibility for a loan depends largely on your company’s credit score and credit history, as these two factors determine how much money you can get and at what interest rate. If your company has a good credit score, you’re more likely to receive more funding at lower rates, but if your company has a bad credit score, it’ll be nearly impossible to get any funds.
So what qualifies as a good credit score? And what factors contribute to a good or bad credit score? We’ll answer these questions and many more as we explore credit score ranges and outline the profile you’ll need to keep your business going.