Credit is another tool in the entrepreneur's belt. When you're a business owner, strong personal and business credit scores can be an asset by helping you qualify for a business credit card, better terms with suppliers, an SBA loan or other types of funding that can help your business grow. Effectively managing your credit doesn't have to be a chore and successfully managing it isn't just "paying the bills on time". In business a bad credit score, insufficient credit, too much credit and even the wrong types of credit can result in getting a "rejected" application. The ability to acquire low-cost funds when you need them is a vital component of running a successful business. Here are a few smart strategies to help you manage your scores.
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