In general, you can develop a strong business credit profile by:
— Paying on time. Ensure that you pay within the terms set forth by your suppliers.
— Ensuring all relevant trade experiences are represented.
— Keeping your personal finances in good order. Until your company develops a robust credit profile of its own, your consumer credit profile also may be reviewed by prospective creditors.
— Keeping your business credit profile in good order. Some business credit companies like Dun & Bradstreet and Experian offer online tools and customer service to help you update and manage these kinds of details in a timely manner.
— Keeping your debt financing down.
— Contributing to your own profile. Communicate as much information about your business as you can to the company managing your business credit.
— Comparing key financial indicators in your own report to other companies in your industry. Benchmark yourself to identify areas for improvement.