How to Build Good Credit for Your Business

Many small business owners apply for funding to cover operating expenses or support their growth, only to discover that they cannot qualify because of a lack of business credit or poor business credit.

When you’re focused on day-to-day operations and seizing opportunities to grow, it’s easy to forget about building a strong credit history for your business. But establishing and building good credit for your business is vital for all small business owners, regardless of the size or type of business or how long you’ve been in operation.

It’s not unusual for new businesses to have a thin credit profile—in fact, new businesses may not have a credit score at all, which means these business owners will need to rely on their personal credit score or other personal financing options like credit cards or savings to support their business.

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