Most people would have an understanding of what credit means. But small business owners would have deeper reasons for being more concerned about credit. It is important for them to be able to get loans, which in turn is essential to running their business.
So a small business with bad credit is in hot water.
According to Ty Kiisel for Forbes, “Nevertheless, every lender, even alternative (non-bank) lenders look at your credit score to evaluate whether or not they’ll offer a borrower credit, so it makes sense for a small business owner to know what it is and what it says.”
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