Monitor Your Business Credit Report
It’s essential for small business owners to keep a close eye on their business credit reports. The fact is a business credit report impacts your company’s financial and funding ability. It affects financing costs, credit terms, interest rates, insurance premiums, credit limits, and much more.
Did you know business credit reports and scores are constantly changing? They change because of a variety of factors, including the number of reported transactions, outstanding balances and whether you pay invoices on time. One of the advantages of having ongoing access to your company credit file is to know your current credit standing. This is especially useful to know before you apply for additional credit.
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