Check Your Credit Score Today

Many types of small business loans are available, each with its own set of terms and conditions. To help you get the best loan for your business here are the most common credit questions:

• Why is my credit score important?

Your credit score is important because it reflects your creditworthiness to lenders. A higher score indicates you are likely to repay loans on time, which can result in better interest rates, loan terms, and approval for credit products.

• How does my credit score help me get a larger loan for my small business?

A good credit score can help you secure larger loans by demonstrating to lenders that you’re a low-risk borrower. It shows a history of responsible credit management, increasing their confidence in lending you more money at potentially lower interest rates.

• What does the debt-to-income ratio mean when getting a business or personal loan?
  Debt-to-income (DTI) ratio is the percentage of your monthly income that goes toward paying off debt. Lenders use this to assess your ability to manage additional loan payments. A lower DTI ratio indicates that you have a manageable amount of debt relative to your income, making you a less risky borrower.
• What are the best personal and business cards to hold to show I have good credit?

he best personal and business credit cards to showcase good credit are those with competitive rewards programs, low interest rates, and no or low annual fees. Premium cards like those from major providers (e.g., Chase, American Express, Capital One) can be beneficial if used responsibly, as they often come with higher credit limits and offer benefits that reward good credit management.