Business Credit! It is a lot different than personal credit. If you are a business owner, here are the top 3 things you should know about business credit.
1. Business Credit generally does not report on your personal credit report.
2. Business Credit scare is 0 – 100 (think of it like an A, B, C system- you want an A.)
3. To qualify for Business Credit you still need a good personal credit score. 680+ FICO
Building Business Credit is important for your business, and maintaining good business credit is now easier to manage. There is even a company making business credit reports readily accessible: https://www.nav.com/
Have questions, need help sorting out your personal credit? Ask us – we help business owners every year get to the next level in their business.
