Does credit affect my chances for a small business loan in the North West?

Yes, credit can have an effect on your chances of qualifying for a small business loan in the North West. If you are holding on to a bad credit score, your chances of getting a loan aren’t high. This is because a lender must feel confident in the borrower’s ability to pay back the loan within the repayment schedule outlined. Missed payments on your credit card, high balances on your credit card, and any other contributing factors will decrease your chances. To learn more about how credit can affect your small business funding options in the North West, give the UKStartups a ring on 020 3880 8554. Alternatively, complete the form on our website for more information.

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