A Commercial Credit Inquiry is a process where a business checks the creditworthiness of another business or individual. This inquiry helps lenders, suppliers, or partners assess the financial stability and reliability of a potential client or borrower. It typically involves reviewing credit reports and scores from credit bureaus. These inquiries can be either soft or hard. A soft inquiry does not affect the credit score and is often used for pre-approval checks, while a hard inquiry may impact the credit score and is usually conducted when a loan or credit application is submitted. Understanding these inquiries is essential for making informed business decisions.