Personal Credit vs. Business Credit: How They Affect Loan Approval

Your credit score walks into a bar—bartender says, “You again?”
Yep, whether it’s personal or business, your credit history loves to show up at the most important times… like when you’re applying for a business loan.

Let’s break down how both types of credit can impact your funding journey, especially for small, scrappy businesses and micro-enterprises trying to grow.

Personal Credit: The Old Faithful

If your business is still new (under 2 years), lenders will almost always check your personal credit first. Why?

Because your business doesn’t have enough history yet. Your personal score becomes a proxy for how responsible you are with money.

When It’s Good:

Personal score of 680+ opens doors to banks and premium lenders.
You’ll likely qualify for better interest rates and higher amounts.

When It’s Meh or Bad:

You may need to work with alternative funders (like Viking Funding).
You’ll need to show strong business revenue or collateral.

Business Credit: The Unsung Hero

Once you’ve got some time under your belt, business credit starts to matter—a lot.

Business scores typically range from 0 to 100 (Dun & Bradstreet PAYDEX score is most common).
A score of 75+ is considered strong.
Lenders want to see timely vendor payments, low credit usage, and consistent activity.

How Both Work Together

For small and micro businesses, both scores matter:

Scenario	What Happens
High Personal + Low Business	You may still get approved, but with limited terms.
Low Personal + High Business	Tougher road, but alternative funders can help.
High Both	You’re the unicorn lenders love.
Low Both	Time to rebuild and explore funding partners who work with challenged credit.

Tips to Keep Both Scores Strong

Don’t miss payments (obviously).
Keep debt low on both personal and business cards.
Limit hard inquiries (especially within short windows).
Monitor both reports regularly.

Which One Matters More?

It depends on:

Your business age
Your annual revenue
The lender’s requirements

Traditional banks lean heavily on personal credit. Alternative lenders, like Viking Funding, take a more balanced approach—looking at revenue, potential, and business credit health too.

Need Help Making Both Scores Work for You?

Whether you’re just getting started or trying to untangle personal credit from your business, we’ve got tools, tips, and tailored funding solutions.

Call Viking Funding at 754-240-8620 or click the “Apply Now” button to talk to a real human (who drinks too much coffee and loves small businesses).

Why Choose Viking Funding?

Fast & Flexible

Perfect for businesses that need fast cash for 3-24 months with high approval rates and the best terms.

Founded by Industry Professionals

Our specialized focus on Merchant Cash Advances (MCAs) sets us apart. We keep our deep understanding of small business challenges with our passion for helping entrepreneurs thrive.

Incredible Service

Our dedicated team is passionate about helping you navigate the ever-changing business landscape, providing ongoing support and guidance whenever you need it.

A Reputation You Can Trust
★★★★★

"Viking Funding came through for my business when we needed quick funding. The promise of nationwide funding within 24 hours with no credit check or collateral is not just a claim – they deliver. The process is simple, and the free funding analysis call gave me insights without any commitment. If you need fast and hassle-free funding, Viking Funding is a solid choice."

"Viking Funding is a breath of fresh air for businesses seeking rapid expansion. They understand the challenges of traditional banks and offer a quick, paperwork-free solution. The nationwide funding within 24 hours is a game-changer. The free funding analysis call helped me plan effectively. For efficient and responsive funding, Viking Funding is the way to go."

"Viking Funding exceeded my expectations in financing equipment. The process is straightforward, with no credit check or collateral required. The 24-hour funding turnaround is a standout feature. The free funding analysis call is a great resource for understanding available options. If you need funding for equipment without the bank hassle, Viking Funding is a reliable choice."

Frequently Asked Questions

What types of products or solutions does Viking Funding offer?

Viking Funding offers a diverse range of financing options for business owners across the nation. We specialize in Revenue Based Financing, where businesses can borrow based on their monthly revenue. Additionally, we provide business lines of credit, business term loans, and SBA Loans, tailored to meet the specific needs of your business.

What types of businesses does Viking work with?

Viking Funding works with businesses in all industries, understanding that each sector has unique challenges and financing requirements. Whether you’re in manufacturing, retail, services, or any other industry, we have the expertise to support your business goals.

What is needed to qualify?

The qualification requirements vary by the type of financing:

Revenue Based Financing: At least 6 months in business, a business bank account, and 4 months of bank statements showing an average revenue of at least $20,000 per month.

Business Lines of Credit, Term Loans, and SBA Loans: A personal credit score of 700 or above is required, along with the last 2 years of most recent tax returns for the business, a profit and loss statement, and a balance sheet.

Why Wait?
Get Started with
Viking Funding Today!