Building a strong credit profile is vital to the long term success of your business. If you ever decide to secure financing for your business, the first thing that lenders do is to verify your business profile for fraud. They will also check the credibility of your business through credit reports.
So before you decide to apply for a small business loan, you should get a business “checkup” to make sure you’re in good financial standing.
Below is an overview of what most traditional and alternative lenders will look for: