How does the health score differ from a credit score or other financial assessments?
The Health Score is a unique assessment designed explicitly for small businesses to evaluate the fundamental health of their business, and optimization for growth. Unlike a credit score, which primarily focuses on a business's creditworthiness and ability to repay loans, the Health Score takes into consideration a more comprehensive range of factors, such as financial management practices, business management practices, and credit score, to provide a comprehensive view of a business's financial fitness. Additionally, the Health Score provides actionable recommendations to help small businesses improve overall financial performance, increase the score, and optimize for long-term success. It's a tool that can be used by small businesses to monitor progress and make informed decisions about their financial future.