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Equifax issued wrong credit scores for "millions" of customers, report says Consumer-scoring giant sent faulty scores for consumers applying for mortgages, car loans and credit cards, WSJ reports.

1. If you have excellent business credit, it's easier to qualify for a small business loan. Lenders are usually hesitant to lend money to businesses with poor credit history because they fear that they won't be able to make their payments on time, or at all. The opposite it true if your business has excellent credit.​​​​​​​​
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2.Typically, lenders offer better terms and lower interest rates if your business scores are good.​​​​​​​​
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3. With business credit, you can separate your personal and business financial obligations.​​​​​​​​
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4. Once you've established a good track record, suppliers can trust that your business is financially stable and capable of repaying debt, they'll be willing let you purchase equipment and inventory on credit.​​​​​​​​
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5. Taking out a loan for a business expansion will allow you to expand and grow your business a lot faster without affecting your personal credit.