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

July 22, 2009 2 Comments

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.

Technorati Tags:

Twitter Digg Delicious Stumbleupon Technorati Facebook Email
Business Credit Lines

About admin

View all posts by admin →

2 Responses to “How does a business line of credit work, compared to personal line?”

  1. RKA August 14, 2009 at 3:46 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.
    References :

  2. mister ed August 14, 2009 at 4:01 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!!!
    References :