A person who's experienced bankruptcy will also be classified as a high-risk customer, hence the rejection of his or her loan application. Before you file for bankruptcy, remember that bankruptcy is not an easy way out of your financial mess, because it will have serious implications on your credit record, and will also seriously hamper your business dealings with other people. Avail Of Small Business Loans To enhance your credit score, try availing of small business loan programs, which help to provide instant working capital for your business. Once you get a small business loan, learn to manage your debt. Always make it a point to make timely, as well as monthly, paytments to your lenders, so that your business credit profile remains active and maintains its high score. Here's how to control your debts, and boost your credit score. Review Your Creidt Report Ther are three major cretid reporting agencies today, and through these agencies, you can get a copy of your credit report, for you to closely evaluate it. Just like using a fine- comb to weed out tangles and loose hair, you need to review your credit report with a keen eye for incorrect data, or any inconsistencies. How Lenders View Your Business Credit Score Most business creditors today expect their clients, or just about any other business entity, to have a Paydex account, as well as a business credit score. Most lenders take a close look at a company's business credit score, before considering to lend them any amount of money. com, which is the only authorized Web site of the FTC. From here, you can link to the three major credit bureaus. Credit experts however frown on going to sites like the Free Credit Report, because despite their name, they actually charge monthly fees for their credit monitoring service. Once you re in the site, choose your state from the pull-down menu, and start filling your information. By incurring a number of missed payments and late payments, your credit scores will certainly fall back hard. The habit of continually missing on payments, or making late payments, gives your creditors an indication that you may do the same in the future, and so this greatly reduces your chances of availing loans from creditors in the future.