A business credit report is a detailed overview of a business’s credit history. It includes information such as the business’s payment history, outstanding debts, and credit utilization. Business credit reports are used by lenders to assess the creditworthiness of a business and determine whether or not to extend credit.
Business credit reports are important because they can help businesses secure loans, lines of credit, and other forms of financing. They can also be used to track a business’s financial health and identify potential problems.