A CIBIL Commercial Credit Report is a record of your company’s credit history. The past payment behavior of a company is a strong indication of its future behavior. It is therefore important to understand that the Commercial Credit Report is heavily relied on by loan providers to evaluate and approve loan applications.
A typical Commercial Credit Report comprises the following information:
Background Information
CIBIL Rank
Financial Information
Financial History
Let’s see which Factors influencing a Commercial Credit Report
Length of Credit History
Credit Utilization Ratio
Repayment History
Outstanding Debts
Size and Life of the Company
Industry
When looking at your commercial credit report, you should check all these aspects and if any of those are inaccurate or not up-to-date then you should work on it. If you do not know where to start, Apoorvaa is here to help you.