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Stable credit record Yes, loan providers start thinking about a reliable personal credit record earlier granting a business loan. Provided a company includes excellent unstable personal credit record, the likelihood of its protecting a loan enjoy paid down. However, your varies according to the variety of company your manage in. Typically, loan providers forget the small business credit history plus would rather check out their owners credit history. Merely to always check regularity of repayments. Consequently, a stable personal credit record illustrates on credibility of company for a loan. But just isn't the only real deciding factor.
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