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Does a business loan affect my credit?

Common questions about business loans

Monisha Begum avatar
Written by Monisha Begum
Updated over 4 years ago

Harmoney business loans are taken out as personal loans in your name, so your credit rating will be influenced by your borrowing activity. Simply getting a quote from us for a business loan won’t affect your credit score. Only once you’ve approved the quote and apply will an application show on your credit file.

Even a business loan taken out under your business name may affect your personal credit if you’ve guaranteed the account.

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