Accuracy of the profile: Ensure the data shown
in the business credit report is accurate and up-to-date.
Information seen by the lenders will decide the level and value
of credit which will be offered to the business —even minor
errors in the business profile can make it more difficult for
businesses to qualify for a loan.
Make Prompt Payments: The promptness with which
a company pays its bills is one of the driving factors that
impact business credit ratings. For maximum impact, pay invoices
ahead of the due date. The greater the number of days a company
pays sooner than terms the greater the impact it will have on
its business credit scores.
Not applying for new business credit cards or loans too
frequently resulting in numerous credit enquiries, which will
look bad on the report.
Keeping personal and business accounts separate - Using a
separate credit account for your business and personal expenses
is great for a number of reasons and can help build business
credit and developing a credit history with manageable debt is
healthy.