Boost Business Credit

Improving Your Score - Complete Controller

A business credit score reflects the ability of a business to pay back a loan. It is rated on a 0 to 100 scale. 

Calculating Your Business Credit Score

Your business credit score is calculated using the statistical algorithm, designed to measure several traits of your company and financial history.Download A Free Financial Toolkit

Among these factors are:

  • Credit use ratio
  • Payment history
  • Length of credit history
  • Unpaid debts
  • Public records, such as bankruptcies, liens, and judgments
  • Business size
  • Business risk

Some of the factors are similar to calculating a personal credit score; however, many factors are different in building business credit scores.

How to Build and Improve Business Credit Scores 

Get a Business Credit Card or Line of Credit

Of course, the first step in building a business credit score is to get a business credit card. You can also get a line of credit for your business. Be sure that you are getting a business credit card for your business financing, not a personal credit card for your finances.

Separate your Business and Personal Expenses

This is not only important for avoiding accounting mistakes. This is also essential in building credit scores for your business.CorpNet. Start A New Business Now

Select your Supplier and Lenders with an Eye on your Business Credit

Many small businesses have incomplete business credit accounts because their dealers and money lenders don’t report the business credit unions’ costs.

Pay Your Bills On Time or, Better Yet, in Advance

If you want to make sure that your business credit score is high, you must pay on time. A delay in payments ruins your business credit, and a delay in payments from your company affects the cash flow in other businesses. This is the same as when your clients do not pay you on time, which badly affects your small business’s cash flow process.

Much of your business rating depends on how you pay your suppliers and other contractors within an approved time frame. If you pay in advance or on the spot, this practice will make your business credit even better. Your suppliers and contractors will further put remarks like “prompt,” “pays early,” etc. 

The reason for such nice additional remarks is that every business needs a prompt cash flow to keep its business running. Other companies might also be going through cash flow problems. Early payments or payments done on time significantly reduce cash flow problems.

Your business credit score is used to measure the lending and credit risk linked to your company. A good business credit score shows that your company can manage debts and finances efficiently.

Utilize Credit, but Not Too Much

Your business should utilize the credit score it has, but make sure not to overuse it. If you continue utilizing your business credit score for your business operations, it will be beneficial. You will keep building and utilizing some of your credit scores. Complete Controller. America’s Bookkeeping Experts
It is just like taking a loan and paying it back promptly. It builds trust in your business’ ability and financial stability. But, consuming all of the credit score or too much of the score means your company is not financially stable and relies on the credit score it builds over time.

Fix Errors on your Business Credit Score Report

If there are errors in your consumer credit report, there is a fixed process for disputing them. However, for business credit report errors, there is a different process everywhere. Every bureau has its procedure for disputing business credit errors. You can submit disputes electronically.


Using a business credit card or line of credit helps to build your business credit score. You have to build and keep improving your business credit score by making on-time payments, using the business credit card, and continue utilizing some of its scores to your benefit. All of these steps build a better and more trusted image of your business.ADP. Payroll – HR – BenefitsAbout Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.Cubicle to Cloud virtual business