Why does personal debt usage matter when applying for a small business loan? Hear from our Lending Manager about what the metric is, how you can calculate it, and how it differs from business debt usage. Learn where you stand on this important ratio through SmartBiz Advisor.
Find our personal debt usage management tips on the SmartBiz Small Business Blog.
*We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and happens after your application is in the funding process and matched with a lender who is likely to fund your loan.
The SmartBiz® Small Business Blog and other related communications from SmartBiz Loans® are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial processionals for further information.
