In the specialty fabrics industry, credit used wisely can be a profitable friend; credit used carelessly can be a destructive enemy. When your business has an excellent credit score, you are likely to be offered the most favorable rates if you need to negotiate a lease or a loan; suppliers and vendors will be inclined to extend their most attractive terms; and your business is likely to be well regarded by the business community, making it more attractive to potential customers, buyers or investors. A poor credit score can seriously damage your reputation and hamper your business in a number of ways. Keep these important basics in mind about business credit.
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