My personal credit is bad. Can I still get a business loan?

January 10th, 2014 by Gwen Green

When making a decision on a business loan, your lender will consider your personal credit history. Poor personal credit can be the basis for declining a business loan.

Consider getting a copy of your personal credit report to gain a better understanding of your credit history. If you have credit problems, you may want to contact Consumer Credit Counseling Services for guidance. You may need to rebuild your personal credit before applying for a business loan.