Your Personal Credit and Your Business

August 8th, 2017 by Laura Miller

Like it or not, your credit score will impact your ability to start and grow your business.

If you are starting a business, poor credit can make it difficult, if not impossible, to obtain financing. Your credit history may also impact your ability to conduct operations or order needed supplies and could potentially keep you from starting the business at all.

For established businesses, the impact of your personal credit is real, and the type of business ownership will determine the level of impact.  For example, C-Corporations may find that personal credit is less of a factor than other forms of business ownership.

See How Your Personal Credit Score Can Impact Your Business on Entrepreneur.com to learn more.