This post was originally published on On Deck
A good business credit score offers many benefits. It can help you secure business financing, establish better partnerships, get lower interest rates from lenders, get better terms from vendors and insurance providers, and even increase the value of your business.
It’s an important number to know if you’re a small business owner.
Your business credit score is different from your credit report, but to understand one, it’s important to understand the other. So how do you find your business credit score? How do you read a business credit report? Here are a few things you should know before you get started.
How To Read a Business Credit Report
To read your business credit report, you’ll need to scan the key sections, including your scores, payment history and public records, so you can spot risks, track your credit health and better manage your business’s finances. Your business credit report will likely look a little different at each bureau, but they’ll generally contain the same breakdown of sections and information.
Business information. Your credit report will likely contain specific background information about your company. It will list things such as your location, contact information, any parent companies or subsidiaries, business size and
— Read the rest of this post, which was originally published on On Deck.
