Business & Personal Credit
Your business credit and personal credit aren’t linked — but they may be related. Business and personal credit contains different information, so the scores aren’t necessarily correlated. But if you’re a sole proprietor, it’s a good bet that banks and other lenders will reference your personal credit to see how well you manage debt. Many lenders review your personal credit before extending business credit. Your personal credit could be hurting for a variety of reasons, but don’t let that hold your business back. Start building and restoring both now, your business credit now, it’s better for it to be established if you ever need it.