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Extending Business Credit
Extending business credit is a huge responsibility – it’s the credit manager’s job to weigh the risk of granting credit and determine whether customers can pay on time. Bad credit decisions, based on bad data, can impact monthly cash flow and lead to bad debt when customers don’t pay as promised. The articles below explain key concepts about extending business credit. Keep reading to learn more.
Business Credit Scores & Ratings
A company’s business credit scores and ratings are part of its Live Business Identity in the Dun & Bradstreet Data Cloud and are designed to help other organizations gauge risk and understand the company’s financial health. The scores and ratings can help businesses in numerous ways: A company can use these analytics when deciding to extend business credit to a customer or to contract with a supplier, a bank can consult a business credit report when deciding to offer a loan, and business owners can use the information in their business credit file to help demonstrate their credibility.