10 Proven Strategies to Boost Your Business Credit Score in 90 Days

1. Review Your Business Credit Reports Regularly check your business credit reports from major bureaus like Dun & Bradstreet, Experian, and Equifax. Ensure all information is accurate and dispute any errors.

2. Pay Your Bills on Time Timely payment of bills is crucial. Set up reminders or automatic payments to avoid missing deadlines.

3. Reduce Outstanding Debt Aim to pay down existing debts. High debt levels can negatively impact your credit score.

4. Establish Trade Lines with Suppliers Work with suppliers who report payments to credit bureaus. Positive payment history with these suppliers can enhance your credit score.

5. Separate Personal and Business Finances Ensure your business expenses and revenues are kept separate from your personal finances. This helps build a distinct business credit profile.

6. Maintain Low Credit Utilization Keep your credit utilization ratio below 30%. High utilization rates can harm your credit score.

7. Monitor Your Credit Regularly Regular monitoring helps you stay on top of your credit status and catch any issues early.

8. Build a Positive Payment History Consistently paying vendors and creditors on time will build a strong payment history, a critical factor in your credit score.

9. Get a Business Credit Card Use a business credit card for regular expenses and pay off the balance each month to demonstrate responsible credit use.

10. Apply for a Business Line of Credit A business line of credit can provide flexibility in managing cash flow and expenses, contributing positively to your credit profile.

Improving your business credit score takes dedication and strategic planning. By following these ten proven strategies, you can see significant improvements in your credit score in just 90 days. A strong credit score will position your business for greater financial success and stability.