Having a lack of funding is one of the common hurdles for most small business owners. Building business credit could be a tough gig, yet, it is worth doing. It opens the door to more financial opportunities. Plus, a higher business credit score opens the door wider. It gives you a better chance of getting a loan, a line of credit, lower interest rates, and cheaper insurance.
“If you don’t build your dreams, somebody else would hire you to help them build theirs.”
– Tony Gaskin
So, think of your business credit report as an assessment, which means the creditworthiness of your company. At least banks, lenders and other suppliers will strongly rely on it before dealing with you.