How to Improve Your Credit Score
Take 3 Steps to Improve your FICO
Your credit score is one of the most important numbers you can have. Take steps to improve your score.
750 – 850 Excellent – This represents the best score range and best financing terms. 13% of the nation’s population has scores about 800.
700 – 759 Very Good – Qualifies a person for favorable financing. 58% of Americans have credit scores above 700.
660 – 699 Good – A score in this range will usually qualify for most loans. Typically represents a consumer with no late payments.
620 – 659 Fair – May still qualify but will pay higher interest. For most credit grantors this is usually considered the cutoff line between good and risky credit.
How to Improve Your Business Credit
- Check your D&B Report
- Diversify your banking relationship
- Open a credit line with another Bank
- Not your current bank
- Ask SCL for a copy of your D&B report
SCL The Power to Fund
Equipment and Working Capital Loans
SCL Funding Power
Transactions size – $10,000 – $25 Million
- Application Only with No Financials
- $10,000 – $500,000
- $1.00 buyout and FMV buyouts
- Payment Calculator
SCL Equipment Finance – Established 1992