What is business credit?

 

Business credit provides potential trading partners – like suppliers and creditors - with the information they need to determine whether you are a company they want to do business with. Your business credit “score” – not unlike a personal credit score - will demonstrate how you have paid your credit obligations and if you are a good credit risk. Your business credit “profile” contains essential information about your company such as how long you've been in business, who the principals are, revenues, business type, size, and location; and any legal filings such as tax liens, judgments, or bankruptcies.