A business credit rating is a numerical representation of a business’s creditworthiness. It is used by lenders to assess the risk of lending money to a business, so a higher business credit rating generally means that a business will be able to borrow money at a lower interest rate.
There are many factors that can affect a business credit rating, including the business’s payment history, its level of debt, and its profitability. By taking steps to improve these factors, businesses can improve their business credit rating and access more favorable financing options.