6 Ways To Improve Your Personal And Corporate Credit Scores

Access to affordable capital is a major factor in whether a business can grow, adapt to changing market conditions, and navigate periods of uncertainty. Credit scores largely determine how much an entrepreneur or business owner can borrow and at what cost (i.e., the rate they obtain for loans and credit lines). And, because most loans and lines of credit must be guaranteed by the business owner, both business and personal credit profiles matter. A difference of just 50 points on your credit score can significantly impact interest rates and borrowing capacity. Credit ratings also impact loan financing terms, insurance premiums, and vendor or landlord relationships and trust.