How does a business line of credit work, compared to personal line?

Jun 13, 2009 in Business Line Of Credit

If I have bad personal credit can I use my businesses credit?

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2 comments

RKA on June 13, 2009 at 1:30 am

Usually personal and business credit are pretty much scrutinized at the same time, and if one or the other has a bad credit rating, you are pretty much out of luck. How you conduct your personal finances and business finances is considered a track record for both entities.
mister ed on June 13, 2009 at 1:30 am

they work exactly the same way — but usually your business credit is linked to your personal credit and so you may have problems getting a business loan!!!

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