Just like that have personal credit, your business credit history remains with you permanently. Missing money otherwise using up excessive debt sends up a good warning sign on the score businesses and you can potential lenders. Repeated alterations in ownership, reorganizing, later filings from tax returns, switching banks and swinging and end up in a lending institution to trust double prior to giving credit.
Absolutely the best method to maintain a good credit score are to establish a line of credit with a financial institution or take away fund up against that line should your business is succeeding. Continue reading »