What are the benefits of a good business credit score?
Answer :
Good credit is the lifeline of your business.
Sure, it's a must for obtaining funding for launching or expanding your business.
But that's only the beginning. Here are just a few of the many benefits of good business score.
- It can save you money. Lenders offer better interest rates to businesses with good credit.
- You can obtain business credit without the need for a personal guarantee. This reduces your personal liability and protects your personal assets.
- It can help you stay ahead of your competition. You can pass your interest savings onto your customers or keep a larger margin of profit for yourself.
- You can make decisions with confidence and get the money you need, which can reduce stress on you and your company.
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Do you have more questions regarding Experian business credit reports? Return to the home page of BusinessCreditFacts.com for more commonly asked business credit questions, additional resources, and special offers to help you manage and grow a business.You may also view our full list of frequently asked questions by visiting this page.
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