Finance the Dreamwith Business Credit.
Welcome to the wonderful world of business credit! Despite the many differences between business and personal credit, there are multiple similarities. Business credit, also known as commercial credit, is defined by Investopedia as follows:
“A number indicating whether a company is a good candidate to lend money to or do business with. Business credit scores, also called commercial credit scores, are based on a company’s credit obligations and repayment histories with lenders and suppliers; any legal filings such as tax liens, judgments or bankruptcies; how long the company has operated; business type and size; and repayment performance relative to that of similar companies.”
Unlike a personal credit score, with a range of 300 and 850, business credit is scored on a 0 to 100 scale. Just the same as personal credit, the higher the score, the lower the lending risk. As an individual, you thrive to push your score as close to 850 as possible. As a business owner, 100 is the magic number.
Who Scores Business Credit?
There are three primary business credit scoring companies: Experian, Equifax, and Dun & Bradstreet.
Since all three firms use a different scoring system, there is no guarantee that your score will be identical across the board. Even so, you should expect it to be within the same general range.
Live Legendary offers 1-on-1Business Credit Coaching.
EASILY GET CREDIT AND FINANCING TO GROW & START LIVING LEGENDARY.
We help you get business credit for your company EIN that’s not linked to you personally, or your personal credit. Secure HIGH-limit vendor, store, fleet, and cash credit in your business name without a personal guarantee or personal credit check. No collateral or cash flow is required for approval.
We also help you secure business loans and credit lines with great terms, even if you’ve been told “no” at your bank. Access low interest credit lines and long term loans, and get funding in 72 hours or less. We help you get approved even if you are a startup, have credit issues, or have no collateral.
Complete the quick form below to receive your no-cost business credit and financing consultation to learn more about the credit and financing you can qualify for now. Live Legendary