Managing Business Credit



Establishing and managing business credit can help your company secure financing when you need it, and with better terms. Business credit can be crucial for negotiating supply agreements and protecting against business identity theft.




These five steps can lay the groundwork to sound financial planning.

  1. Determine whether you have business credit on file with Dun & Bradstreet

  2. Establish a business credit history by using lines of credit associated with your business

  3. Pay bills on time and understand other factors that influence your credit rating

  4. Keep your credit files current and monitor for ratings changes

  5. Know your customers’ and vendors’ credit standing

Knowing your customers’ credit standing gives you a window into consumer patterns, and that can affect your marketing and sales strategy. You may not need to conduct credit checks, but there are credit evaluation tools available for small business. Customer behavior also impacts your business’s cash flow, which affects planning for future supplies, hiring employees, and expanding your business.

Are Small Business Development Counselors can help you evaluate your credit book an appointment today!

Where to Find Us

Iowa Western Community College

2700 College Road

121 Ashley Hall (Park in Ashley Hall Visitor Parking)

Council Bluffs, Iowa 51503

712-325-3350

Sue Pitts - spitts@iwcc.edu

Michael Mitilier - mmitilier@iwcc.edu

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Funded in part through a cooperative agreement with the U.S Small Business Administration (SBA). All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA