The credit score of your company for business loans implies credit scores for evaluating a company’s financial health and is part of the main credit information report issued by key credit bureaus in India. Such a credit score is very important for lenders for evaluating the creditworthiness of a company before approving any of their potential loan applications. The company’s credit score can be checked by logging on to the CIBIL™ website or via trusted third-party sites like CreditMantri.

What is Company Credit Score for Business Loans?

  • A company credit score refers to a business credit score which helps evaluate a company’s financial health based on the company’s credit history provided by previous lenders to the credit bureau.
  • Company credit score is reported as part of its comprehensive credit report generated by key credit bureaus like CIBIL™.
  • Lenders make use of the company credit score to evaluate creditworthiness of the company before granting any approval to its loan application.

What is the importance of a good company CIBIL™ score?

Companies get a business credit score (CIBIL™ rank)

  • Business credit score is issued by CIBIL™, one of the leading credit bureaus of India.
  • CIBIL™ rank is based on a company’s credit history like past loan repayments, timely loan payments, current company loans, type of credit availed, length of credit history etc.
  •  CIBIL™ rank is used to reflect the creditworthiness of the company 
  • A high CIBIL™ rank increases a company’s chance of getting current loan application or potential loan approved easily
  • A low CIBIL™ rank increases a company’s chance of getting loans applications rejected by prospective lenders

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