More than half of small businesses (60 per cent) are struggling to access goods and services for their business due to poor credit score, according to research by one of the UK’s fastest growing energy provider, Utilita. In a national survey of SME’s (small to medium enterprises), business owners said the perception that small and
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Nearly half of SMEs have never checked their credit score
by Owen Gough • • 0 Comments
Nearly half (44 per cent) of SMEs have never checked their company’s credit score, according to new research from RateSetter Business Finance. Credit scores are used by lenders to determine whether businesses have a good track record of repaying debt, and are therefore one of the key factors affecting an SME’s ability to get a
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How to improve your company’s credit score
by Ben Lobel • • 0 Comments
If you have recently been denied a small business loan, it may be because you have a poor company or personal credit rating. Whilst a bad credit score does not always impede a company’s ability to raise capital, a good credit score can certainly make it easier to secure funding. High street banks and traditional
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