No matter how large or small your business is, it’s important to have a great credit score — both for you and your business. Good credit scores are like money in the bank, only better, because they give you additional spending power.
The score you need depends on your specific situation. The maximum is 850, but anything close to 800 is outstanding. 750 and up is enough to satisfy most lenders. A good, low-interest mortgage requires about 730. A score under 700 is still acceptable, but will prompt many landlords and lenders to look carefully before granting credit.
Here are some tips for raising your personal or business credit score — and keeping it high.