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Business credit is different than personal consumer credit. With business credit the more you spend the higher your score goes. So the higher your monthly expenses, the more money you spend per month on the cards that report, and the quicker your score will go. Business credit is from 0-100.
Your business profile is separate from your personal credit history.
The fastest way to build business credit is to establish trade lines with suppliers, apply for a business card, and work with lenders that report to business credit bureaus.
New credit and loan programs through the Business Credit Availability Program (BCAP) and Business Development Canada (BDC) | Doane Grant Thornton. Coronavirus (COVID-19)
The Business Credit Availability Program (BCAP) is a standardized guarantee program offered by Export Development Canada (EDC) in response to COVID-19. There are no exporting requirements, and the program is available through Scotiabank and Roynat for our Commercial Business Banking clients.
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Having a 750 credit score is advantageous when applying for a $20,000 business loan because it signifies strong creditworthiness. Whether you can secure a $20,000 business loan with a 750 credit score depends on the lenders requirements and your businesss financial health.

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