The Small Business Administration ranks lack of capital as one of the top reasons businesses fail. Business credit is essential to any business owner seeking significant capital for his business. When your business credit is established, banks and other funding sources can bypass looking at your personal credit to determine your credit history. Having a high business credit score can also open doors to lines of credit with businesses. Vendors may allow you to pay within 30 days rather than at the time of sale if they see you have a solid financial history and good business credit score. "If you are the owner of an emerging business, until your company develops a robust credit profile of its own, your consumer credit profile also may be reviewed by prospective creditors," reports Dun and Bradstreet. Meanwhile, manage your personal finances responsibly. They can impact your company's creditworthiness.