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How Important is Personal Credit When Looking for Business Financing?

August 9, 2022

By: Matthew Gillman, SMB Compass Founder

You’ve probably heard time and time again that lenders will look at your personal credit profile before approving your business loan application. That is because your credit reflects how diligent you are in paying off your debts. It also gives lenders an idea of how risky it would be to lend you money.

This article will demonstrate why personal credit is essential when looking to get business financing. It will also provide practical tips on building up your personal credit score to prepare you for future loan applications.

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