You may be alarmed to find that a business can obtain a loan despite a poor credit score as long as your company is in a good position. Many lenders have various qualifications they look for besides your credit score, and some of the other factors include
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It is no secret that having a bad personal credit score can wreak havoc in our lives and keep us drowned in high-interest rates on mortgages, cars, and much more. In addition to that, many people assume that having their personal and business credit scores separate means that their bad personal credit will not affect their chances of getting approved for a business loan. This is not the case, and most lenders’ first line of inquiry is your credit.
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