Personal Credit and Small Business Loans

If you have a small business loan from CITI Bank, you are likely to see that loan show up on your PERSONAL credit report. But not to worry, according to Sharon O'Connor Clarke, a principal consultant with FICO, "Business owners generally won't see their credit hurt if they're current on payments. Borrowers with strong repayment histories could even see scores improve" This doesn't mean for the sake of improving your personal credit you start taking out business loans but it does mean even though banks are changing the rules of the game, for now, you don't have to worry.