What is a Business FICO Score?
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.
A business can improve its FICO score by implementing a number of strategies, including improving its credit history, monitoring its credit utilization, and increasing its credit limit. Additionally, a business can improve its FICO score by implementing a number of risk management practices, such as monitoring its credit risk profile, maintaining a strong credit history, and using credit scoring models that take into account a business’s credit risk.
