business credit score

A business credit score is a number that reflects a company's reliability in paying bills and managing debt, similar to a personal credit score. It helps lenders and suppliers assess the company's financial health and trustworthiness before offering credit or loans. Factors influencing the score include payment history, debt levels, length of credit history, and public records. A higher score indicates a more financially responsible business, making it easier to secure favorable credit terms, while a lower score may result in higher interest rates or reduced access to funding.