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How to Improve Your Biz's Credit Score

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How to Improve Your Biz's Credit Score

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Hope you're sitting down, because I'm about to drop a big ol' bombshell on you: The economy isn't doing so well.

Boom!

Whether you're trying to refinance your mortgage, pay off your credit cards, get a new job or whatever, it's highly doubtful there's anyone with a pulse who also wouldn't want to make their credit score a bit better. Or, heck, since we're shooting high, why not a lot better.

It sounds like an infomercial, but Fox's Small Business Center has eight relatively simple steps to nudging your credit into a better direction. Not all entrepreneurs are created equal, so, for instance, it's entirely plausible that someone may not think to apply for a company credit card instead of continuing to use their civilian ones. (You'd be surprised.)

Less obvious, though, is a tip like simply creating a web site: 

Believe it or not, simply having a business web site impacts banks and credit card issuers. Any loan officer worth his salt will research the company that is applying for a loan or line of credit. Where's the first place he or she will look? The Internet, of course. Creating a professional looking Web site makes your company look more serious. It will make a good first impression. 

I would assume that purchasing your own domain and having a .com at the end of your address is far more impressive than simply signing up with Blogger or the modern-day equivalents of GeoCities.

For more tips, pop on over Fox. Boy, it sounds weird saying that. But the tips are good! 

David Wolinsky is a freelance writer and a lifelong Chicagoan. In addition to currently serving as an interviewer-writer for Adult Swim, he's also a comedy-writing instructor for Second City. He was the Chicago city editor for The Onion A.V. Club where he provided in-depth daily coverage of this city's bustling arts/entertainment scene for half a decade. When not playing video games for work he's thinking of dashing out to Chicago Diner, Pizano's, or Yummy Yummy. His first career aspirations were to be a game-show host.

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