Accessing capital to fuel expansion or fund working capital needs is an important part of running a small business. As a result, business owners need to understand how their credit profile works—both their personal credit score and their business credit profile.
If you’ve ever wondered why lenders want to know your personal score, we talk about that! We also discuss the three questions most lenders have about you and your business; along with how your business credit profile fits into the equation. We dive into the two drivers that influence your profile and the five things you can start doing today to build a strong business credit profile.
You might be surprised at how simple some of these tactics are and how relatively quickly you can build a profile that will help you access the borrowed capital you need.
Learn how OnDeck can help your small business.