This post originally appeared on the blog of our partner, CDC Small Business Finance.
Think quick — what was your childhood phone number? I bet those 10 digits came spilling out without hesitation.
If you’re in the market for an affordable business loan, you should be able to recall your credit score with similar ease. That’s because your score helps lenders gauge your financial fitness and the likelihood you’ll repay your loan. So if it’s in the right range, you can increase your odds of getting a business loan with great terms.