Business credit ratings are compiled in much the same way as your personal credit scores. To build positive business credit, you need a track record of responsible financial management -- only spending what you can afford to repay and always paying your bills on time.
A couple of tips which can help you build a positive credit history include pulling your business and personal credit reports to check and dispute errors and get a qualitative sense of your credit standing; always paying your bills on time; minimizing credit utilization and paying your taxes to avoid lawsuits.
Another important consideration is vendor-reported payment information. Just like a bank would, many large companies report vendor payment and financing data to the major credit bureaus, so be careful when you owe big companies.
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