Credit scores are a well known and frequently used indicator to gauge a person’s or company’s financial health. A good credit score typically indicates a predisposition for good financial behaviors. While a lower score shows the opposite. Although scores are calculated slightly differently depending on the credit bureau, they are mostly dependent on a series of factors, including, but not limited to, how much credit you have, your payment history, and the types credit you use. Business credit scores use similar elements in their calculations, but they also look more deeply in to your business and industry.
If you need a comprehensive credit evaluation completed on a business vendor contact Morgan, Cohen and Bach at (520)442-1303.