For small business owners, there is a certain peace of mind in knowing that if needed a business loan could be obtained for the company. Having good business credit is one of the main factors in being able to get a business loan. As with personal credit, companies need to carefully maintain their accounts in order to keep up a good credit score.
Pulling Credit Reports
For small businesses, it is imperative to regularly access credit reports for review. With personal credit, doing this can affect scores. However, with businesses this is not the case. Pulling your business credit report often does not have any impact on your rating. There are actually monitoring systems that you can use which pull your reports or rating information for you periodically. You can also go through agencies like Experian to regularly get your reports.
Checking Your Reports
When you pull these records it is important to carefully review them. You should note changes and look for errors. When reviewing the…