Credit scoring guide

Understanding your business credit score

A business credit score is a number from zero to 100 that credit agencies and lenders use to track your reliability with money. Improving this score could boost your creditworthiness and ability to borrow cash.

Business credit scoring guide

This Business Credit Scoring Guide has been designed to help you, as a business owner, understand how business finance decisions are made and the factors that may affect your application for finance. By understanding this information, business owners can increase the likelihood of future applications being successful.

What is a credit score?

Whether you’re a new business that needs start-up funding, or a growing company that needs the funds for expansion, any application for finance will mean that your bank will try and build up a picture of your personal and business circumstances combined with your financial history. This is a critical part of assessing the business and will often be used alongside your business plan and cash flow projections.

For further information about an application for finance, please contact your Relationship Manager.

Business credit scoring explained

What small business owners need to know about managing their applications for finance.


Source: Business Credit Scoring Explained, Business Information Providers Association.

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