Business Credit Ratings
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Business Credit Ratings
Business credit ratings are a very important part of operating a successful business. You want to pay close attention to all aspects of your business credit ratings. Not only can the affect your ability to get credit for your business at a good rate or at all, you will find many potential customers and investors want to find out about your business credit ratings before they will make that purchase or invest in your company. They are merely looking out for their own well being.
As with personal credit, business credit ratings are based on several different factors. The length of time you have had business credit is important. It shows the longevity of your business. This is way it is important to establish business credit from the very start instead of relying on personal credit for your business accounts. Business credit ratings are also based on the amount of debt that is owed and the pattern of paying your accounts on time.
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