- 10 Questions - by: Sophie Morngan - Developed on:
- 1,325 takers
A company might have a poor credit history because of various valid reasons. For example, many businesses suffered from a poor cash flow during the Great Recession of 2009-10 and to recover from such a heavy loss was a challenge. There are various ways to improve your low credit score such as, check business credit reports periodically, pay bills on time, be cautious with credit cards, incorporate your business, pre-pay bills when possible, run a lean, profitable business. However, now, the traditional thoughts of lenders is changing and they are coming out with good options of business loans that not only help you recover the bad credit but also set a path for establishing your new business or expanding it further.