Do you know what your business credit score is? No, not your personal score – your business score. Unfortunately, many small business owners are not aware of the importance of building their business credit score.
Even if you do not anticipate the need to borrow money for your small business, it is still important to start building your business credit score now.
Rania Succar, head of QuickBooks Capital, explains why your business credit score matters:
“More than half of small businesses have not built a business credit score. And when you go to borrow, that can really hurt you in terms of what you can get.”