We review business credit scores, guarantor credit scores, cash flow, financial trends, tax returns, management history, collateral, liquidity, profitability, industry trends, and the overall relationship with our credit union.
A business credit score reflects payment history, credit utilization, account age, trade experiences, debt, company size, industry type, and public records. It’s based on the business’s credit report, not individual credit.
Applying for a business loan helps establish business credit, which is essential for financial reliability and separating personal and business finances. Business credit can provide access to funding during emergencies, support growth, lower insurance rates, and may offer tax benefits (consult your tax advisor). Use business credit for needs like purchasing equipment, expanding, covering payroll, or bridging cash flow gaps.
