Do You Know About Business Credit?
What is business credit? Business credit is set up in the business name and based solely on the credibility of the company. But do you know what's needed to get started? Do you know the building blocks to do to get started? Most companies out there are unaware of what I'm talking about but we show you the way to get started credibly. The principle FICO rating utilized as a part of the business world is known as the Paydex score given by Dun & Bradstreet. This number shows the risk of the business' ability to payback the terms of the credit or loan similar to that of the FICO score for personal credit. The paydex score ranges from 0-100. The higher the score, the better the credit is for your company. The score is based on how the company pays of the debt and the promptness of the payment to the suppliers within the given timeframe to payback the debt. Most lenders are looking for a score of 70 or higher but for best results, you should have at least an 80 Paydex scor...