Corporate credit has been discussed by entrepreneurs as a better way to finance their business compared to personal credit. To understand them perfectly, we need to make a straight comparison, point by point.

Credit Score
Your personal credit and corporate credit has separated credit score. It will not affect to each other. Personal credit score is 300 – 850. Rating started from 720 is considered to be a good credit rating. Corporate or business credit rating is between 1- 100 and a good credit rating is given to 90 or higher.

Effect of Credit Score
Both of good personal credit score or good business credit score will give a bigger power to obtain credit, lower rate and lighter conditions. you can obtain unsecured credit if you have good credit rating.

Link Registration
Personal credit will be linked to your social security number, while corporate credit concepts will register business credit to company tax ID

Security or Collateral
Personal credit when it needs security, you have to put your house, land or other personal properties on pledge. Meaning that, you will allow repossession process in the event of default. Corporate credit will not need your personal assets to be on pledged because it is named under your company name.

Business Organization
Corporate credit required your company to be registered as corporation or limited liability company. Personal credit is named under you or your business partners when your business is a sole proprietary company or partnership.

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