Does a Business Loan Affect Your Personal Credit Score?
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is Business Credit?
How Does Business Credit Work?
Difference Between Personal and Business Credit
What Types of Business Activities Can Affect Personal Credit?
Business Credit Card Use
Most Business Debt
How Can Business Loans Affect Personal Credit?
What Are Personal Guarantees?
5 Ways to Protect Personal Finances From Business Debt
1. Business Structure
2. Business Credit Cards
3. How Are Defaults Resolved?
4. Check With Your Lender
5. Look for Alternatives
Personal Finances Affecting Business Loans
Your business is structured as a sole proprietorship or partnership. Your business has a limited credit history. Your business has a low credit score.
Personal Credit Score
Personal Debt
Lantern's Business Loan Rates
Frequently Asked Questions
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About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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