Recently, a legislation that received the US President's approval has made things easier for small businesses as it extended the federal initiatives that increased the affordability of Small Business Administration loans.
Commercial credit reporting is the compilation and reporting of the credit histories of commercial enterprises. Governments also use commercial credit to regulate businesses and collect taxes. Credit reports can now be compiled in seconds, without a business-owner’s knowledge.
Credit reports are proof of your personal profile, credit history, public record information financial reliability and stability. Credit reports contain information about your credit card accounts, loans, charge accounts, and items of public record such as bankruptcies, tax liens, and court judgments.
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