Securing a commercial mortgage can be a significant undertaking for any business. However, if you have a County Court Judgment (CCJ) on your credit file, the task becomes even more daunting. This blog will delve into how a CCJ impacts your ability to obtain a commercial mortgage, steps to improve your chances, and available options. […]
Credit rating
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. Business loan declined – come back next year. If that’s you then you’re not alone. Understanding why […]
Understanding Business Credit Ratings: A Guide for Business Owners
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. […]
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 […]
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: