Starting a business in the U.S. often involves overcoming a major hurdle: securing financing. Banks and financial institutions use credit scores as a key metric to assess an entrepreneur’s ability to repay debts. While having a well-structured business plan is essential, another critical factor is the personal and business credit score. An entrepreneur with a credit score above 700 is far more likely to secure loans with competitive interest rates. The credit score reflects the financial history of the individual…
The Role of Credit Score in Business Plans Execution in the U.S.
