What is a Business Credit Score?

A business credit score is a measurement (a value/number) that is used to determine whether a business is managing its finances well, and to ascertain if it is a good borrower or not. The score is the result of a mathematical algorithm based on data gathered about the business’s financial history. It includes information about the business’s regular payment behaviour …

Key factors when applying for business finance

Many factors go into the decision making pot when funders decide to approve or decline a loan, and not all of these are within your control. This article looks at some of the key factors that will impact on your loan, and what you can do to improve the odds of a successful application. Risk and payment reputation One of …