Paul Pitcher -- Sharp Shooter Funding -- What Is a Business Credit Score?

CALGARY, AB--(Marketwired - February 05, 2016) -  A business credit score can impact the ability to obtain small business financing or a small business loan. Credit scores are only one part of the loan process -- cash flow, time in industry, and other factors are taken into account -- but they are still important to understand.

Keep in mind that unlike personal credit scores, which are done on a consistent scale, different credit bureaus have different scales for business credit. To figure out business financing potential, here is a breakdown of the Experian scale, which pulls credit scores on a scale of 0-100:

• 0-15 - High Risk: It's likely the business encountered problems obtaining small business financing and should focus on rebuilding the business credit.
• 16-30 - Medium to High Risk: This score would represent a moderate risk to lenders. Obtaining a loan in this range likely won't present much of a challenge.
• 31-80 - Good Credit: This range constitutes good credit scores. Businesses falling in this range can typically expect most requests for financing to be approved.
• 81-100 - Excellent: If the business credit score comes in over 80, the business is in fantastic shape and can consider this one less barrier to obtaining financing.

Remember, it's important to understand credit scores and the role they play in your loan application process.

Sharp Shooter Funding is a Canadian based company specializing in structuring and approving cash advances for small to medium-sized businesses. With affordable rates, transparent fees, fixed payment schedules and a fast and simple process that allows 30 second applications and funding within 24 hours, they allow business owners throughout the US and Canada receive the funding they need when they need it. The experts at Sharp Shooter Funding also provide valuable financial advice and give each client the attention necessary to create a personalized solution.

Image Available: http://www.marketwire.com/library/MwGo/2016/2/5/11G081627/Images/BRP_5119-983b9a88cce4a0448b5db14b6d0a272c.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/2/5/11G081627/Images/1453935070-b34a332d47399738ae936f6c623e7232.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/2/5/11G081627/Images/PTPCAMCTSSF-5b9c05aa4122add0b6cc7e3c8882abbd.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/2/5/11G081627/Images/SSFTEAM-bb24c0c061b2aa8f8d811d82ffbd5322.jpg