A 2015 survey showed that of the small business owners surveyed, 45% didn’t know they have a business credit score. Small business owners must not only be aware of their business credit score but also make efforts in improving it!
When your business credit improves, it’ll create more financial and growth opportunities for your startup. This is because all kinds of lenders and investors rely on business credit reports to evaluate the creditworthiness of your startup.
The US Small Business Administration has found that 46% of businesses used personal credit cards for their business expenses. This implies that almost half the small businesses don’t separate their personal and business expenses.
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