Download
1 / 6
0 likes | 11 Views
a strong credit history is essential for success. Like individuals, businesses have credit scores that lenders use to assess risk and determine loan terms. This will explore the impact of business credit on insurance premiums and how a business credit scan can help you optimize your financial health.
E N D
Understanding Business Credit Scores • Business credit scores range from 0 to 850, with higher scores indicating a lower credit risk. • Business credit bureaus, such as Dun & Bradstreet and Experian, compile business credit reports and assign scores. • These reports include information on payment history, credit utilization, and length of credit history. • A business credit scancan provide a detailed report of your business credit history and score.
The Impact of Business Credit on Insurance Premiums • Insurance companies use business credit scores to assess risk when setting premiums. • Businesses with higher credit scores are considered lower risk and may qualify for lower premiums. • Businesses with poor credit scores may be charged higher premiums or even denied coverage altogether.
Taking Control: How a Business Credit Scan Can Help • A business credit scan can help you identify errors in your business credit report. • You can use the scan to track your business credit score over time and monitor its improvement. • The scan can also provide insights into areas where you can strengthen your business credit profile.
CONTACT US Business Funding Now 800-552-6121 support@businessfundingnow.com Nashville, Tennessee, 37238 United States https://www.businessfundingnow.com/
