How Does a Business FICO Score Affect Your Credit?
A business FICO score is a credit score used by lenders to evaluate a business’s creditworthiness. A high FICO score indicates that a business is likely to pay its debts on time and in full.
The credit score of a business is an important factor in determining its borrowing capacity. A high credit score indicates that the business is a low-risk borrower, which can lead to lower interest rates and increased borrowing capacity. Conversely, a low credit score can lead to higher interest rates and decreased borrowing capacity.
The credit score of a business is determined by a number of factors, including the company’s history of debt payments, the amount of debt it has, and the credit quality of its debtors. A high credit score can indicate that the company is a low-risk borrower, which can lead to lower interest rates and increased borrowing capacity. Conversely, a low credit score can lead to higher interest rates and decreased borrowing capacity.
The credit score of a business is an important factor in determining its borrowing capacity. A high credit score indicates that the business is a low-risk borrower, which can lead to lower interest rates and increased borrowing capacity. Conversely, a low credit score can lead to higher interest rates and decreased borrowing capacity.
