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5 Ways to Improve Your Business Credit Score
Learn proven strategies to build and maintain a strong business credit profile for better financing terms and business opportunities.
Read articleHow do I manage and improve my business credit in Australia?
Business credit management involves: separating business and personal finances, paying bills before due dates, monitoring your credit report quarterly, maintaining 20-30% credit utilization, and building trade relationships with suppliers who report payment history. A strong business credit profile leads to lower interest rates, better supplier terms, and higher credit limits. Building or repairing credit typically takes 6-12 months of consistent positive activity.
Credit Management
Master your business credit profile with expert insights on building, maintaining, and leveraging your credit score for better financing opportunities.
Strong business credit management is the foundation of financial success for any Australian SME. Your business credit profile directly impacts your ability to secure financing, negotiate better terms with suppliers, and grow your operations sustainably.
Unlike personal credit, business credit is built through trade relationships, payment history with vendors, and your overall financial behavior as a company. Understanding how to strategically manage these elements can open doors to opportunities that would otherwise remain closed.
At Velociti Capital, we've helped hundreds of Australian businesses improve their credit standing while accessing the funding they need to grow. Our insights come from real-world experience working with SMEs across every industry and credit situation.
The most successful businesses treat credit management as an ongoing process, not a one-time fix. Regular monitoring, strategic relationship building, and consistent payment practices form the core of effective credit management.
Whether you're just starting to build your business credit profile or working to repair past issues, the strategies outlined in our articles below will help you navigate the path to better creditworthiness and improved financing options.
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Frequently Asked Questions
How long does it take to improve business credit?
Building or repairing business credit typically takes 6-12 months of consistent positive activity. Payment history, credit utilization, and trade references all contribute to your score over time.
Can I get a business loan with poor credit?
Yes. Alternative lenders like Velociti Capital focus on your business cash flow and recent performance rather than just credit scores. Many businesses with imperfect credit qualify for funding.
What's the difference between personal and business credit?
Business credit is tied to your company's ABN and reflects your business's financial behavior. Personal credit is linked to your individual identity. While some lenders check both, maintaining strong business credit provides more financing options.