A Business credit report takes into account lenders to analyze past credit behavior i.e how you have performed on previous loans and how it affects your creditworthiness. Loans are not only extended to individuals but also to the business entities like private or public limited companies, proprietorships, and partnership firms. Hence, good financial health is important for companies or businesses to acquire a business loan.
Source: https://indialends.com/credit-report-for-business-loan
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