Your credit score and funding profile directly determinewhether you qualify for loans—and at what terms. Many business owners underestimate the impact until it’s too late.
## Personal Credit Matters
Most lenders check the owner’s personal score. Scores below 680 reduce approval odds, while 720+ opens doors to premium products.
## Business Credit is Separate
A strong business credit file can unlock higher limits, better vendor terms, and financing without personal guarantees.
## Key Factors Lenders Consider
- Credit utilization (keep under 30%).
- Payment history.
- Length of credit history.
- Number of inquiries.
## Strategies to Improve Approval Odds
- Pay down revolving debt.
- Correct errors on credit reports.
- Establish trade lines reporting positive activity.
- Avoid unnecessary credit pulls.
### Example
PAC Consulting helped a construction firm denied twice for a line of credit. By lowering utilization and building new vendor accounts, approval came within 90 days at a lower interest rate.
PAC Consulting builds funding strategies and credit profiles nationwide so you qualify for the best terms possible.