What is a good credit score for a business? This is a common question for business owners who are looking to get a loan or line of credit. The answer is not as simple as you may think. The answer depends on the type of loan or credit you are seeking and the lender you are working with. For example, a business owner with a top credit score may be able to get a lower interest rate on a business loan than a business owner with a lower credit score.
What credit score a business start with.
Business credit scores range from 0 to 100, and the majority of small business lenders need a minimum score of 75.
Does your small business have a credit score?
Business credit scores are accessible to the public, in contrast to personal credit scores. Anyone can check your company’s score at one of the reporting organizations, albeit they might have to pay to do so. Several business credit reporting agencies track business credit scores.