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Why is Business Credit Important? 
ANSWER (from a business credit expert with 16+ years of experience): |
1. Stability and strategic growth |
Having good business credit helps demonstrate stability so you can access capital when you need it. |
2. Mitigate risk |
Use business credit data to make informed decisions about partners and suppliers. They can do the same with your business. |
3. Long-term financial strength |
Having a good credit history means lenders and credit issuers are more likely to lend to you. When you get credit with vendors, credit issuers, and lenders, and then use that credit, you're building a history. This history helps you access better financing options without always relying on cash. |
4. Improve business valuation |
Good business credit can improve your business’s valuation through better financing options, higher credit limits, favorable vendor terms, increased trust, and risk mitigation. This makes investors or buyers more willing to work with you. |
Aha! Moment |
Your long-term financial standing is tied to your Dun & Bradstreet business credit scores. |
