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In the United States, when you own a small business, the three credit bureaus keep two profiles: your individual economic history and one business credit history. Evey's profile is critical in obtaining approval for a business loan. If you are setting up a business or your existing business does not have established business credit, this same lender may place a greater emphasis on your Personal Credit…

Most companies fail due to the fact that they do a poor job with keeping their financial records. When you think about it, this really makes a lot of sense. It is very important to know exactly where your business is financially, and failing to do so could be the downfall of any company. oho

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