For many small and midsize business financing products, personal credit remains an important part of the underwriting decision.

Credit is more than a score

Lenders may review payment history, utilization, collections, liens, inquiries, account age, and installment debt. Different lenders may also use different scoring models.

Treat personal credit as an asset that can expand—or restrict—the financing options available to the business.

What to monitor

  • Make payments on time.
  • Keep revolving utilization under control.
  • Avoid unnecessary hard inquiries.
  • Review reports for errors.
  • Address collections and unresolved delinquencies.

Bottom line

Strong personal credit can provide more options and improve negotiating leverage.

Need help with an insurance down payment?

CIDPF helps businesses understand available financing options and works directly with funding partners.

Contact CIDPF

Educational information only. Financing and approval criteria vary by funder, product, industry, and applicant. Nothing on this page guarantees approval, terms, or a specific funding amount. Consult appropriate financial, tax, legal, and insurance professionals for advice specific to your business.