Business credit can take different forms, such as:

• Installment accounts: Loans that require fixed monthly payments over a set period of time, such as equipment loans or term loans. ⁸

• Revolving accounts: Lines of credit that allow the company to borrow up to a certain limit and repay the balance as needed, such as business credit cards or lines of credit. ⁸

• Vendor accounts: Trade credit arrangements that allow the company to buy goods or services from a supplier and pay later, usually within 30 days, such as net-30 accounts. ⁶

• Commercial credit: Any type of credit extended to a business by a bank or other financial institution, such as commercial loans, commercial mortgages, or commercial credit cards. ⁸

Business credit can affect the company's financing, cash flow, and reputation, as it reflects its creditworthiness and reliability to lenders, suppliers, customers, and partners. ^{6 7}