“It’s important to ensure that your business credit profile is accurate, as even the smallest of errors on a profile can cause a great deal of inconvenience. Confirm that all information associated with your business’ credit profile is up to date and that any lender you choose reports to a credit bureau. This is crucial to helping build your credit score and ensures you reap the benefits of making timely payments on your loans.

“Whenever possible, separate your personal credit profile from that of your business, and avoid using personal credit and aim to establish business credit. Although it can be difficult to obtain business credit in the early days of a business, keeping these two separate will help build a strong profile down the track, and prevent your personal credit from being negatively affected by large business expenses.”

Source: Dynamic Business