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Does a Business Loan Affect Personal Credit?

Does a Business Loan Affect Personal Credit?

Credit bureaus collect personal information like your name, date of birth, location, occupation, and more. They’ll also prepare a list of information that the creditors provide. Other information, like judgments or bankruptcy, will appear on your credit reports. It becomes part of your personal credit score. When you apply for new credit, your creditor will see all that info in your credit report and check your score.

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Lower Your Business Insurance Premiums With a High PAYDEX Score

Lower Your Business Insurance Premiums With a High PAYDEX Score

If property sustains damages and needs repairs, you may not be able to keep your business open. If you can’t stay open during repairs, business interruption insurance can help cover financial losses. It can cover your employee payroll, taxes, operating expenses, debt repayment, and sometimes the cost of a temporary location. Many business owners used business interruption insurance during the height of the Covid-19 pandemic when they had to close their doors.

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Popular Posts

It’s easy to find quick tips on how to increase credit score on your personal credit report.  You won’t find as much about business credit score at all, let alone how to get a credit score

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5 Hacks to Get a Credit Score Increase for Your Business

Building credit for business purposes can seem like an unbreakable barrier. You need to get accounts reporting on-time payments to at least one credit reporting agency to build a strong business credit score.  Yet, credit providers

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Business Credit Hacks: How I Hacked Credit For Business

Looking For Business Funding Sources? Isn’t everyone? There are many sources who offer business funding today. Knowing the different sources will help you find the best funding options for your business. Business funding sources are out

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The 13 Most Available Business Funding Sources

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Subscribe to our weekly newsletter that delivers the most actionable, tactical, and timely business financing tips you actually want and need for Free
*Plus get instant access to the 3-part Fundability™ training - a systems that helps your business become more Fundable and makes you look great to credit issuers and lenders