Business Credit Score Definition: A business credit score is a specific number that represents how well a company handles debt and loans. This score is often included in a lender’s assessment of a company’s ability to fulfill credit obligations and whether they are a high-risk candidate for a loan or line of credit.
This credit score encompasses repayment history, legal proceedings, if any, tax liens, business history, and any previous bankruptcies. These scores are scored between 0 to 100, which varies from personal credit scores, which range from 300 to 850.
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