Like your personal credit score, improving your business credit score can benefit your business and affect your ability to borrow money. For example, the higher your business credit score is, the more likely it could be that:
Your application for credit, such as a business loan or a business credit card, will be accepted.
You will be offered a higher loan amount, which can make your business achieve your goals quicker.
You will be offered a lower interest rate and better terms which can make borrowing cheaper.
You will receive better terms from your suppliers.