How is a credit score for a small business established?
I started a small business 6 months ago that has been very successful. I have a business bank account, but have not done anything else to establish credit for the business.
I would like to lease a vehicle in the name of my small business and am curious if my business credit score would be too low?
Does anyone know a general guideline on how quickly a line of credit is established for a small business?
June 30th, 2010 at 11:17 pm
Dun and Bradstreet has a service that monitors small businesses. You can look into having them evaluate your business. However, in almost all cases, you will be using your personal credit to secure funding or credit for your small business. I’ve owned a small business for 15 years and every bank account, credit card, auto lease, etc. I have ever acquired I did using my personal information and credit score.
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