Credit Policy for businesses and how to extend credit and manage credit risk

Business credit scores range from 1-100 with 75 or more considered a great credit rating.  Personal credit scores range from 300-850 with 680 or more considered a great credit rating.

If at all possible do not use your personal credit as your business credit. 

Some ways you can do this are by forming a corporation or an LLC rather than registering your business as a sole proprietor or a partnership. 

Another thing you can do is register your company with the 3 major credit bureaus and they will recognize your business as a separate entity.  Apply for credit without using a personal credit check or personal guarantee to obtain credit. Make sure you pay your bills and make monthly payments to anyone who issues you credit, rather than pay off the balance so that your business credit profile will grow and reflect your payments.