Small Business Loans | Commercial Credit | Business Credit » trent http://thexbanker.com Expert Solutions For Small Business Financing Tue, 09 Mar 2010 22:28:07 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Monitoring Your Business Credit http://trent.thexbanker.com/2008/07/30/monitoring-your-business-credit/ http://trent.thexbanker.com/2008/07/30/monitoring-your-business-credit/#comments Wed, 30 Jul 2008 18:33:25 +0000 trent http://trent.thexbanker.com/2008/07/30/monitoring-your-business-credit/ I am currently in the market for a new SUV for my wife. As I’ve researched and shopped around I’ve learned an important lesson: BEFORE you step foot into a dealership, make sure to have previously pulled your personal credit score and know exactly what it contains. This is sound advice, because you never want to be surprised by wrong information on your report when you are ready to use it. Fortunately, my wife and I both have high personal credit scores that we keep a close eye on with a monitoring service that alerts us of any minor or major change.

As I thought about it, I realized, business owners are in the same boat. BEFORE applying for any financing, you should know exactly what business credit scores you have what what your report contains.

Here are 3 simple reasons to monitor your business credit reports:

  1. Avoid Unpleasant Surprises: How much will your business qualify for? What interest rate will be granted? Both of these questions are determined, in part, by what is on your business credit report. Monitoring makes sure that you are not surprised by anything on your business credit report.
  2. Inaccurate Information: I can’t tell you how many times I’ve …
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