As a business owner, you are no stranger to the importance of creditworthiness. Just as individuals have personal credit scores, businesses also have their own credit ratings. Understanding business credit ratings is crucial because they can greatly impact your company’s ability to secure financing, build strong relationships with suppliers, and maintain a healthy financial standing. […]
Credit rating
10 tricks to build your business credit score
In this article we look at what a business credit score is, and reveal some little known hacks to get your business in top shape. With a few little tweaks you could give your score a boost. After all, your business credit score can affect how potential lenders view you, as well as suppliers, so […]
Business loan declined? 4 ways to bounce back
You’ve crunched the numbers and decided you need to raise finance to get to the next stage. You’ve brushed up your latest accounts, done some projections, downloaded your bank statements and applied to your bank. But no deal. Application rejected. Come back next year. If that’s you then you’re not alone. Brush yourself off and […]
How credit reference agencies work
When lenders assess a finance application, they pull data from credit reference agencies on both the business and the owners. Credit reference agencies hold information which falls under three main headings: