is a business line of credit based on your personal credit?

Jun 21, 2009 in Business Line Of Credit

Ive incorporated my nonprofit and the credit card options are starting to pour in. My concern is that my personal credit will negativly effect my business credit if I apply. Any info would be great.

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2 comments

ZGML on June 21, 2009 at 12:56 am

Yes,any financial institution that would extend a business line of credit,relies on the applicant credit background,since this gives an idea of how reliable the business owner is…..
scorp on June 21, 2009 at 12:56 am

unfortunately– it can… until you build business good pay records

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