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

post Category: Business Credit Lines — admin @ 9:00 pm — post Comments (2)
postJuly 22, 2009

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

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Horaayy..there are 2 comment(s) for me so far ;)

#1

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.
References :

RKA wrote on August 14, 2009 - 3:46 am
#2

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!!!
References :

mister ed wrote on August 14, 2009 - 4:01 am
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