5 Ways to Improve Your Business Credit Score

A strong business credit score is your gateway to better interest rates, higher credit limits, and more favorable terms with suppliers. Here are five actionable ways to boost your profile.

1. Check Your Credit Reports Regularly

Errors are more common than you might think. Incorrect information about your payment history or outdated legal records can drag your score down. Check your reports from major agencies like Experian, Equifax, and CreditSafe at least once a quarter.

2. Pay Your Suppliers on Time

This is the single most important factor. Prompt payment history shows lenders you are a reliable borrower. Even paying a few days early can sometimes positively impact how suppliers report your behavior.

3. Limit Your Credit Utilization

Just like personal credit, using too much of your available business credit can be a red flag. Try to keep your credit card balances and overdraft use below 30% of your total limits.

4. Establish a Clear Business Identity

Ensure your business is properly registered and its details are consistent across all platforms. A clear, verifiable address, business phone number, and professional website help build trust with credit agencies.

5. Don't Close Old Accounts

The length of your credit history matters. Even if you don't use an old business credit card often, keeping the account open (and maintaining a zero balance) helps increase the average age of your credit files, which looks good to lenders.