BizSugar.com › Finance › The Importance of Good Credit When Applying for Business Funding

Most of us know the importance of having good personal credit; it makes it easier to purchase a home, rent an apartment, get a car lease and in some cases, get a job. But, did you know that when you have your own business, there are a whole other set of credit scores and reports to think about? These other reports are based on your business and are generated in pretty much the same way as your personal credit report. What comes up in these reports will impact on your ability to get business funding, which is why if you’re about to open a new small business, doing everything you can to build good business credit as early as possible is imperative.