Credit scores are based on the amount of a loan times the rate, if a business pays back their loan on time the rate goes up, if the business fails to pay back their loan the rate goes down.
The equation for calculating a credit score is: Previous rate +/- Amount x Rate
Example: Going up
Say John's Technologies took out a loan for ∇100 for 25% and paid back the loan and they had a score of 500. 500+100*.25 (25%=.25) = 525 John's Technologies new score would be 525.
Example: Going down
Say John's Technologies took out a loan for ∇100 for 25% but didn't pay back the loan and they had a score of 500. 500-100*.25 = 475 John's Technologies new score would be 475
|Business Name||IOF Number||Credit Score|
|First Nation Consulting||1||500|
|Kaye Production Company||11||500|
|National Health Cyber Service||21||500|
|Launch Cross Connection||24||500|
|Business Name||TFIF Number||Credit Score|
|Occidental Earning Company||1||500|