How can a business build its creditworthiness without having any type of financial obligations to be compared to?

Set up an internal control system and procedure to make sure that money is handled in a responsible manner. This will help build creditworthiness for a company without any kind of financial commitment. It is important to monitor cash flows, implement sound accounting methods such as double entry bookkeeping and ensure accurate records. Businesses should also focus on building relationships with creditors and vendors to show their reliability and trustworthiness. Establishing lines of credit or other financing vehicles with reputable institutions is another way to improve one’s creditworthiness as it shows banks that the company is able to manage money responsibly. Businesses can try to get references from satisfied customers or suppliers to demonstrate financial stability.