A good business credit score opens your business up to more opportunities-and not just in terms of funding and cash flow...You could also secure more favorable interest rates with lenders if you're backed by a strong business credit file.
You protect your personal assets by securing business credit instead of personal credit...Businesses are also more likely to make expensive high-volume purchases-think machinery, rent, inventory, product development, and marketing costs-and for this reason, they tend to have higher credit limits.
The biggest difference between personal and business credit is how the funds are typically spent...More common uses of personal credit include paying bills or purchasing items like furniture, cars, or clothing.
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