Why is credit important to business and consumer
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Having a high credit score makes it easier for your firm to get the loan at a lower interest rate. ... So, you can pick a long tenor, if need be, repay the loan with ease and continue to maintain your business' strong credit
Banks, lenders and suppliers rely on business credit reports to assess the creditworthiness of a company. With strong business credit, you create a safety net for your business so you should have no trouble gaining access to the business funding you need.
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