Step by step guide to building your business credit. Having good business credit can provide a number of benefits to a small business. Including positioning your company for more favorable payment terms with new vendors and suppliers reducing the number of times you’ll need to prepay for products or services purchased. This also allows you to obtain better interest rates and credit terms from lenders and banks. Once you have established good business credit, be sure to monitor and protect it, just as you do with your personal credit.
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