business credit

Business credit is the financial reputation of a company, reflecting its ability to borrow money and pay back debts responsibly. It’s built through consistent, timely payments on loans, credit cards, and other financial obligations. Good business credit helps a company secure better loan terms, higher credit limits, and more favorable deals with suppliers. Unlike personal credit, which relates to an individual, business credit pertains solely to the company's financial history. Maintaining strong business credit is crucial for growth, as it demonstrates financial reliability and stability to lenders and partners.