The Paydex score ranges between 0 and 100. The higher the score, the better the likelihood of the business to pay the debts on time.
Vendors and lenders can use the Paydex score to verify loan eligibility, repayment terms, and interest rates.
It doesn’t matter if you are or aren’t looking for a loan. You must know where your business falls on the Paydex score and the reason for that score. This will help you improve the score and leverage the odds of getting affordable funding for your corporation in the future.